gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2356af3de9fbdc71
Response Measures
None
Description
Articles report the bank closed its doors March 8, 1927 amid runs triggered by another bank's failure to open; later status (reopening or permanent closure) is not stated in these items.
Events (2)
1.March 8, 1927Other
Newspaper Excerpt
Midday found streets jammed with depositors seeking to withdraw their money from remaining banks of the city; armored car was sent from Miami bearing cash for panicky depositors.
Source
newspapers
2.March 8, 1927Suspension
Cause
Local Banks
Cause Details
Closed after the First American Bank and Trust Company failed to open, triggering runs and heavy withdrawals in the Palm Beach district.
Newspaper Excerpt
the Northwood Bank and Trust company of West Palm Beach closed their doors this morning when the First American Bank and Trust Company failed to open.
Source
newspapers
Newspaper Articles (14)
1.March 8, 1927The Waukesha County FreemanWaukesha, WI
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Article Text
RUN OPENED FLORIDA BANKS
WEST PALM BEACH, Fla. leading banks of the Palm Beach district closed their doors today and started one of the most frenzied runs in the history of Florida finance. found streets jammed with depositors seeking to save their money by withdrawing from maining banks of the city. Runs on the Farmers bank and the Citizens bank of West Palm Beach were such that an armored car was dispatched from Miami bearing cash for panicky depositors. No sooner had the First American Bank and Trust company posted notice that business was suspended for the protection of depositors than two other institutions Northwood Bank and Trust company of West Palm Beach and the First Bank and Trust company Palm Beach.
2.March 8, 1927The Daily Alaska EmpireJuneau, AK
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Article Text
FLORIDA BANKS FAIL TO OPEN WEST PALM BEACH. Fla., March 8. The First Bank and Trust Com. pany of Palm Beach and the North wood Bank and Trust Company of West Palm Beach, closed their doors this morning when the First American Bank and Trust Company failed to open. Runs began on three other banks here. The police were called to control the mobs which gathered in front of the institutions. The First American Bank and Trust Company announced it was solvent and will reopen after reor ganization.
3.March 8, 1927The Sheboygan PressSheboygan, WI
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Article Text
Frenzied Run On Three Palm Beach Banks Is Started
United Press]
Three West Palm Beach, the Palm Beach leading banks closed their doors today district one of the most frenand started in the history of Florida zied runs finance. found streets jammed seeking to with depositors withdrawing their money banks of the city. from remaining Runs on the Farmers bank and bank of West Palm the Citizens Beach were such that an armored dispatched from Miami bearing cash for panicky deposisooner had the First AmeriBank Trust company posted notice that business was for the protection of positors two other institutions Northwood Bank and Trust company West Palm Beach and First Bank and Trust of Palm Beach. company
4.March 8, 1927Lincoln Journal StarLincoln, NE
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Article Text
FLORIDA BANKS
Frenzied Runs Palm Beach When Three Suspend Business to Protect Depositors. WEST PALM March leading banks the Palm Beach district closed their doors today and started the runs the history Florida finance. found streets jammed depositors seeking their money banks of the city. Runs the Farmers and Citizens bank of West Palm Beach such that an from Miami bearing cash for panicky deposiNo sooner had the First American bank Trust posted notice business suspended for the depositors institutions Northwood bank Trust company West Palm Beach and First Bank and company Palm Beach.
5.March 8, 1927Daily Republican-RegisterMount Carmel, IL
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Article Text
TWO FLORIDA BANKS CLOSE THEIR DOORS
(United WEST PALM BEACH, Fla. March leading banks the Beach district closed their doors today and started the runs in the history of Florida finance. found streets jammed with depositors seeking their money withdrawing from remaining banks of the city. Runs on the Farmers' bank and the Citizens' bank of West Palm Beach such an armored car dispatched from Miami bearing cash for panicky depositNo sooner had the First American bank and Trust company posted notice that business suspended for the protection depositors than two other institutions Northwood bank and Trust company of West Palm Beach First Bank and Trust of Palm Beach. company
6.March 8, 1927The TimesStreator, IL
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Article Text
THREE FLORIDA BANKS CLOSED
WEST PALM BEACH March leading banks of the Palm Beach district closed doors today and started one most the of Florida finance. found streets deposit seeking save money from banks of the Runs on Farmers bank and the Citizens bank of West Palm Beach were such that an armored from Miami car bearing for panicky depositors No sooner had First can Bank and Trust Company posted notice that business pended for the protection of depos. than other Northwood Bank and Trust Company of West Beach and First Bank Trust Company of Palm
7.March 8, 1927The Brooklyn Daily TimesBrooklyn, NY
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Article Text
Run on Banks Florida When Close Their Doors
United West Palm March leading banks of the Palm Beach District closed their doors day and started one frenzied runs in the history Florida finance. Midday found streets Jammed with depositors seeking save their money from maining banks the Runs Farmers' Bank and the Citizens' Bank West Palm Beach that armored bearing panicky depositors. had the First American Bank and Trust Company posted notice that for the protection of depositors, than two other institutions Northwood Bank and Trust Company West Palm Beach and the First Bank and Trust Company Palm Beach. Heavy withdrawals on all three banks during the eight months and unsettled conditions of affairs this State the closing.
MORE ABOUT Bank Failure suspended for the protection of depositors. than two other institutions Northwood Bank and Trust Company of West Palm Beach and the First Bank and Trust Company of Palm Beach Heavy withdrawals on all three banks during the past eight or ten months and unsettled conditions of affairs in this part of the state, were given as reasons for the
LOST FUNDS. TURNS ON GAS
JACKSONVILLE Fla. March Leaving several notes giving full for his burial and stating he had been business head of prominent real estate brokerage firm here suicide by turning on the gas in his office today In one of his notes he asked that Charles Geohegan of Vamora Shrine, Firmingham. Ala. be notified.
9.March 8, 1927Berwick EnterpriseBerwick, PA
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Article Text
FRENZIED RUN ON PALM BEACH BANKS, CLOSE
Streets Jammed With Depositors in Most Sensational Run in History of Florida inance
Banks Caught.
ARMORED CARS RUSH CASH leading banks Palm district closed their doors today and the most history Florida finance found streets seeking to save money from the Farmer's Bank and West Palm Beach desfrom hearing cash for the No souner had the First American Bank and Trust posted notice that was suspended for the depositors than two other closed. the Northwood Bank and Trust Company West Palm Beach Heavy withdrawals on three banks during the past eight ten months and affairs this part the State were given as reasons for the closing
10.March 9, 1927The Springfield Daily RepublicanSpringfield, MA
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Article Text
sent from Miami bearing cash for panicky depositors. No sooner had the Brst Bank and Trust company posted notice that business the of depositors than two other institutions closed, the Northwood Bank and Trust company of West Palm Beach and the First Bank and Trust company of Palm Beach. Heavy withdrawals on all three banks during the past 8 or 10 months and unsettled conditions of affairs in this part of the state were given as reasons for the closing.
11.March 9, 1927News-PressFort Myers, FL
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Article Text
PALM BEACH BANKS CLOSE By The Associated Press) WEST PALM BEACH Mar The First Bank and Trust company of Palm Beach and the Northwood Bank and Trust company closed their doors this morning following the failure of the First American Bank and Trust company to open
12.March 9, 1927Daily NewsNew York, NY
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Article Text
3 FLORIDA BANKS CLOSE, STARTING RUNS ON OTHERS
West Palm Beach, Fla., March 8 (U. P.).-Three leading banks of Palm Beach district closed their doors today. This act started one of the most frenzied runs in the history of Florida finance. Midday found streets jammed with depositors seeking to withdraw their money from remaining banks of the city. Runs on the Farmers' bank and the Citizens' bank of West Palm Beach were such that an armored car was sent from Miami bearing cash for panicky depositors. No sooner had the First American Bank and Trust company posted notice that business was suspended than the Northwood Bank and Trust company of West Palm Beach and the First Bank and Trust company of Palm Beach closed.
13.March 9, 1927Daily NewsNew York, NY
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Article Text
3 FLORIDA BANKS CLOSE, STARTING RUNS ON OTHERS
West Palm Beach, Fla., March 8 (U. P.).-Three leading banks of Palm Beach district closed their doors today. This act started one of the most frenzied runs in the history of Florida finance. Midday found streets jammed with depositors seeking to withdraw their money from remaining banks of the city. Runs on the Farmers' bank and the Citizens' bank of West Palm Beach were such that an armored car was sent from Miami bearing cash for panicky depositors. No sooner had the First American Bank and Trust company posted notice that business was suspended than the Northwood Bank and Trust company of West Palm Beach and the First Bank and Trust company of Palm Beach closed.
14.March 11, 1927Jasper County DemocratCarthage, MO
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Article Text
Three Florida Banks Shut Doors
Two Are Closed and Runs Begin on Two Others When Big Trust Concern Shats Doors
WEST PALM BEACH, Florida, March 8.-The First Bank and Trust Company of Palm Beach and the Northwood Bank and Trust Company of West Palm Beach clos-
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
