Citizens & Peoples National Bank (Pensacola, FL)

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Episode Information

Episode UID
900701369
Episode Type
Run Only
Bank Type
national
Bank ID
90070 national
Charter Number
9007
Start Date
January 8, 1914
Location
Pensacola, Florida (30.421, -87.217)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2ddd49f1727ffef6

Response Measures

Accommodated withdrawals, Public signal of financial health, Capital injected

Events (2)
1. January 29, 1908 Chartered
Source
historical_nic
2. January 8, 1914 Run
Cause
Local Banks
Cause Details
Run triggered by failure of the First National Bank to open, which spread to other local banks including Citizens & Peoples National.
Measures
Bank withstood the run; local businessmen made heavy deposits and the bank closed the day with more funds on hand.
Newspaper Excerpt
News of the failure of the First National bank here to open its doors today started a run which spread rapidly, started runs on the American National and the Citizens' and Peoples National banks.
Source
newspapers

Newspaper Articles (2)
1. January 9, 1914 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, January 9, 1914

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Article Text

PENSACOLA BANKS WITHSTAND RUNS Heavy Deposits Offset Runs Resulting From National Bank Failure Pensacola, Fla., January 8.-News of the failure of the First National bank here to open its doors today started a run which spread rapidly, started runs on the American National and the Citizens' and Peoples National banks. Both institutions withstood the run, local business men showing their faith in each by making heavy deposits during the day. Both banks closed the day's business with more money on hand than when they opened this morning. Officers of the First National bank issued a statement today, setting forth reasons for closing, charging their troubles to a Liverpool, England, firm that could not meet heavy drafts on them that had been honored by the local bank. The books and assets of the bank are sealed, awaiting the arrival of bank examiners.

2. January 9, 1914 The Times Dispatch Richmond, VA
Article from The Times Dispatch, January 9, 1914

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Article Text

SHOW FAITH IN BANKS Pensneola Business Men Make Heavy Deposits When Run Is Started. Pensacola, Fla., January 8.-News of the failure of the First National Bank of Pensacola to open its doors this morning started runs on the American National and the Citizens' and Peoples' National Banks. Both institutions withstood the run, local business men, showing their faith in each by making heavy deposits Both banks closed the day's business with more money on hand than when they opened this morning. Officers of the First National Bank issued a statement to-Gay setting forth reasons for closing, charging their troubles to a Liverpool, England. firm that could not meet heavy drafts on them that had been honored by the local banks. The books and assets of the bank are. sealed, awaiting the arrival of bank examiners.