63038571519 6303857
routing
63-03851108d75fd3737e34None
Click image to open full size in new tab
Bank of Hollywood Weathers Run on Funds Daily News) July Bank of Hollywood weathered a determined run today which began at m. and lasted until after noon. After every patron seeking withdrawal of funds had been served, J. L. Bowie, vice president, issued a statement say-
Click image to open full size in new tab
DOORS Closed By Four Banks In Suburbs of Miami. Fla., in Face of Runs. Fifth Institution Weathers Heavy Withdrawals of Funds-Out side Loans Are Blamed local banks suspended operations. institution at Dania closed its and Hollywood bank withdrawal of weathered heavy today The Bank of Cocoanut Glove and the Bank of Buena Vista for business the Bank of open and Little River closed after of an hour. The Bank short suffered lar funds and ceased before noon At operations shortly the same time the Bank of Holly short distance north of also Broward with this city brief of Buena Vista and the The Bank allied of made the following Working on the for business in cause by its and depositors to the fullest Local citizens now are work and announce the on details few locally and to the liquidation The bank of Buena October 19. capital stock had been raised to The officers in of Jacksonville and President Officials declined to nounce the present The bank Grove with $15,000 March 10 the bank cap italization of and deposits to R. Anthony head taling the Board Directors with A. Sanders as The bank of Little River through the circumstances we felt advisable and suspend operations for present The sound and We excess in in in vaults and than per think the He intimated his of of the after that readjustment be made that would the bank reopen and all The run of precipitated of the bank but was previous the receipts of funds met through Miami The run subsided shortly President George of Miami commenting declared that three control and loans on outside responsible for the paper solely were
Click image to open full size in new tab
BANKS FAIL its doors for business today following an order issued by the board of directors. -Heavy withdrawals by depositors of the Citizens Bank of Homestead caused the insttiution to close its doors today pending settlement. Officers of the bank said they expected to reopen Tuesday. The Bank of Dania, a short distance from Miami, suffered a similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of Hollywood, also a short distance north of this city, withstood brief run. The Bank Buena Vista and the Bank of Cocoanut Grove, allied institutions, made the following separate announcements: "The bank has decided to suspend operations for the present and will therefore, not open for business today. It is actuated in this cause by desire to conserve its resources and to protect its depositors to the fullest extent. Local citizens now are working on a plan and will announce the details in few days to organize a local controlled institution for speedy liquidation and to relieve the situation."
Click image to open full size in new tab
BANK IN FLORIDA SHUT AFTER RUN Hollywood, Fla., July 3. — The Bank of Dania closed its doors shortly before noon Friday following heavy withdrawals by depositors. I. T. Parker, vice president of the bank, announced at noon a readjustment would be made immediately that will enable the bank to reopen shortly and to meet all its obligations. The bank of Hollywood weathered a determined run which began at 11 a. m. and lasted until after noon. After every patron seeking withdrawal of funds had been served J. L. Bowie, vice president, issued a statement that the bank had satisfied every demand. Large sums of currency are said to have been sent to the Hollywood bank from Miami and when the run subsided bank officials said they had more than enough cash reserve to satisfy every deposit.
Click image to open full size in new tab
FLORIDA BANKS CLOSE. ONE WEATHERS BRIEF RUN All Institutions Sends Three banks opera. tions, institution Danda its and Holly. bank weathered heavy withdrawal today Bank Grove and the Buena Vista failed to and the Bank of Little closed after run of an The bank of Dania. short dissimilar of funds and ceased before At the time the Bank of Holly. this County with stood The Bank of Buena stock of $50,000: the Bank of Coconut Grove The on the Bank of Holly wood precipitated after receipt of news of the other bank closings, through receipt funds Miami banks The run subsided shortly after noon
Click image to open full size in new tab
FOUR FLORIDA BANKS CLOSED MIAMI, Fla., July 3.-The bank at Cocoanut Grove, bank at Buena Vista and bank at Little River 'have closed. The bank at Hollywood stood the run made this forenoon. The Miami clearing house is blamed for the failures as outside interests control the paper. FORT LAUDERDALE, Fla., July 3. The City Bank failed to open its doors this forenoon.
Click image to open full size in new tab
THREE BANKS SUSPEND Hollywood Bank Weathers Heavy Withdrawal Of Funds MIAMI July banks suspended operations financial institution Dania closed Its doors and Hollywood bank heavy drawal of funds today The of Grove the Bank of Buena failed to for and the Bank of after of an bank Miami. similar with of and ceased operations shortly before noon the same time. Bank Holly also short north of this brief The Bank of Buena Vista and the made the following "The bank has decided to for present and will therefore, not business today. It actuated in this cause by desire to and depositors the Local plan and will the tails in few organize locally for speedy liquidation and to relieve the The of Buena Vista opened capital of $15,000 raised $50,000. Officials declined present deposits for either The Bank Cocanut Grove opened in March 1920 $15.On March 10. the of $30,000 and totalling Bank Little River, through President B. Teed announced: we feel it advisable and desirable suspend operations for the present. The bank is and We of cash in vaults and 40 per do not think the depositors will dollar. He intimated his intention of effecting an President Parker of the of Dania, announced Immediately that adjustment be made that would enable the to reopen shortly and meet all The run on the Bank of Hollywood precipitated after reecipt of funds from Miami banks The run shortly after noon they had funds sufficient to cover George Romfh of the Miami Clearing House in commenting on the suspension of three suburban banks, declared that and loan. on sible for the embarrassment.
Click image to open full size in new tab
FOUR FLORIDA BANKS CLOSED THEIR DOORS MIAMI, Fla., July 2. (AP)-Three local banks suspended operations, a financial institution at Dana closed its doors and a Hollywood bank weathered a heavy withdrawal of funds today. The Bank of Cocoanut Grove, the Bank of Buenavista, the Bank of Little River and the Bank of Dania were the ones to cease operations. The run on the Bank of Hollywood was precipitated after weceipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks.
Click image to open full size in new tab
QUARTET FLORIDA BANKS SUSPENDED banks suspended financial institution closed its doors bank weathered heavy withdrawal of funds today The Bank of Cosoanut Grove and the Bank Buena failed open for business Little River after run an hour The Bank short distance from Miami, suffereda similar withdrawal of funds and ceased before noon. same time the Bank of Hollywood short distance nuorth this withstood run The run on the Bank of after of the closings was the receipt funds from Miami banks The subsided shortly after noon announced they had funds sufficient to carry every
Click image to open full size in new tab
MORE ABOUT FLORIDA BANKS STARTS ON PAGE THIRTEEN would be made that would enable the ban kto reopen shortly and meet all obligations The run the Bank of Hollywood was precipitated receipt of the closings, but met through the ceipt of funds Miami banks The shortly after noon when officers they had funds sufficient to cover every dePresident George Romfh. of the Miami Clearing commenting the suburban declared that three outside loans on out. side paper solely responsible for the embarrassment.
Click image to open full size in new tab
TWO MORE FLORIDA BANKS FAIL IN RUN MIAMI, Fla., July 2.-(United News)-A wave of unrest, spreading rapidly among depositors of small banks of this vicinity following the failure of two suburban institutions to open their doors for business today, had resulted tonight in the closing of two others. Another had successfully withstood a heavy run. Unable to bear heavy burdens of paper on which they could not realize, the Bank of Cocoanut Grove and the Bank of Buena Vista, allied institutions, had failed to open their doors. The Little River Bank, in the same section, caught unprepared, soon was forced to close. Paying out until its limited supply of cash was exhausted, the Dania bank also closed. The Bank of Hollywood survived the run.
Click image to open full size in new tab
Unsettled Weather, Forecast for July The weather outlook for the week ginning Monday follows: Mississippi and lower Upper Missouri valleys: More or settled with showers or thunderstorms. Temperatures near or somewhat above normal. Miami Banks Closed. MIAMI. July local banks today suspended following heavy runs by erations depositors. The bank Dania, and two others, at Coconut Grove and Buena Vista, failed weather storm. bank at Hollywood paid fast they withdepositors drew their funds. Delayed Sighted. HONOLULU, July yacht Jubilo, the San Honolulu sighted