| Show 15 MORE FLORIDA BANKS BANKS' BANKS A. CLOSE a t 1 S r. r jt I 4 1 11 1 f j Million MeI D Dollars II ars S Sent bent ent t Ii f 1 k l 1 Tampa by Plane Plan r t to toI i f If t I S I I Curb Financial Crisis il T. T r fp Other her Iri Institutions U ti ons R Report p ri Withdrawals Small i i y pepoli Depositors Depositors' 1 1 r yo i HYSTERIA BLAME 5 yi f j Fruit Fly Appearance Cf I h 1 Given as Factor Ii j TALLAHASSEE E Fla July 17 i i The Associated Press The state at bank department late to today ay reported the tb the failure of the Citizens Citizens' bank of ot J Frostproof in Polk Palk- c county nty bringing bring bring- ing to twenty three the n number of f- f financial institutions to cl close se ae t their tuii doors debra in Florida in the p past t two weeks The Tho Frostproof bank had f capital stock of dep deposits of f and assets of f I TAMPA Fla FIL July 17 Associated Press Pross Fourteen Pross-Fourteen Fourteen teen st state te banks ir il in southwest Florida closed their doors door today bringing to two twenty the I num number er of financial institutions t to fail within the state in the tle p past st two we weeks e ks t Following th the clos closing n no o of t the e Citizens Citizens' Citi cm t ze zens' zens s' s Bank and nf Trust company o of Tampa and eight subsidiary y Institutions institutions institutions' here and In nearby counties coun coun- counties counties ties today It was learned t that V five ot other er banks banks' In this thIs' territory also aIso Il had d dJ failed I r f. f h bW placed I in 1 hands hands' of th the j j sat ato ing a depart P l' l ln today w. w r t The Citizens Citizens' Bank and Trust company o Tampa it Franklin bank Tampa t Th The Tho Lafayette bank Tam Tampa r American merican State ba bank k Tampa The Citizens' Citizens Nebraska Avenue bank Tampa l The Tho Bank of 1 Ybor City at at Tool Ybor City The Bank of ot Plant City Plants t. t City t v The Bradenton Bank and Trust i com company n Bradenton 1 The ho First Ba Bank k and Tru Trust com com- r tF pany First State bank of ot Meade I i t fr The Bank of ot Pasco county Da 18 City 1 First B Bank of ot Port Tampa ft Bank ank o of ot Mulberry at Mulberry Ellenton State bank Ellenton OTHERS CLOSED Other Institutions ns' ns which lia e closed their doors rs' rs WIthin th the past two weeks were U Peoples People's s sSt St State te b bank Jacksonville ille f V Volusia Bank and Trust company compan D DeJ eland Deland nd First National bank Deland Colonial B Bank an and Trust corn com pany Miami Merchants Merchants' Bank and Trust com corn pan pany Daytona Datona Beach Atlantic Bank and Trust com company Daytona tona Beach I First National bank Sanford Merchants' Merchants bank Melbourne A consignment of ot t front from the federal reserve reser bank at Atlanta nta Continued on page 5 6 o CI Million Dollars Sent Tampa Timpa by Airplane to Curb Financial Crisis Continued ed from om page 1 1 to th the First National bank of or Tam Tampa pa arrived h here rc shortly after noon noon b by airplane from tram Jacksonville Meanwhile other othel banks Danks In the city reported numbers of small smaIl depository tory withdrawing their funds but officials fais said there thera was plenty of cash on hand to meet med their demands Creed Cr ed Taylor Ta lor deputy d governor ov of or orthe the federal reserve reser bank of at Atlanta Atlan ta tal who is in the city backed up statements of the bank officials de declaring de- de daring claring that the institutions could have all tho the money they needed to meet the situation BANK TO REORGANIZE Directors tors of t the Citizens' Citizens bat k bank aik later Issued a statement saying that reorganization plans ns for toi tl that lt institution tullon were under way Capital l and surplus of the fourteen fourteen four four- teen leen Institutions that closed tod today figures r leased by t the e state banking department totaled deposits aggregated 22 22 2 and assets I of the the- eight banks binks which h failed railed during the tho two weeks j 9 prior r to today were estimated at 10 bringing the total deposits tied lied up In bank failure 0 to date at 1 E. E P. P Jackson state sta te examiner has been here ince Monday ch checkIng checking check check- ck- ck ing up on conditions The e bo board rd of the Citizens Citizens' Citi seas zens' Bank Trust and nd Trust company mp ny at ata ata t a a. meeting e early today iss d a a. stat statement m nt explaining conditions as due t to unwIse gossip and nd continued continued contin contin- cd adverse conditions following the appearance nce of or th the Mediterranean nean fly fy which was valS responsible for fora a feeling of at unrest and arid t fear ar developed devel developed 1 ll on the part of ot the people The Th directors predicted that all ll depositors would be paid In full arid and that th the depositories rIes w would lild go out of at business CAPIT CAPITAL L Paid In c capital phal of the citizens Bank and Tr Trust st st. was a DC ac cording cording- to tho the published Bl statement lement of the bank as as' as of ot June Tune 29 last D De Deposits posits were were given gl as s In excess of John JohO T. T Bize Is cashier L. L A. A BIze Bhe chairman of the bo bourd bod and D. D L. L A Ancy Aney eY Is president t. t Paid In capital of ot th the th Citizens' Citizens Ne Nebraska Avenue was with I h deposits of U according to published statements t The Lara Lafayette ette bank k had paid In capital of ot with deposits of th the Bank of Yb Ybor i- i City ity paid in cn capital lt win ws I and deposits of ot an and the Franklin bank paid In capital was wa with deposIts of according to statements n of f condition condition condition condi condi- tion as ris of June Tune 29 9 |
