The business recession in Florida became serious last week. Several banks failed.
West Palm Beach. The Commercial Bank & Trust Co. closed its doors, thereby stirring up a run against the Palm Beach Bank & Trust Co. It closed also. But the other six banks of the city met all demands. Merchants strengthened the bank situation by guaranteeing their employes' deposits.
Miami. Four suburban banks closed, each with deposits approximating $1,000,000; Bank of Coconut Grove (capital $25,000), Bank of Buena Vista (capital $50,000), Bank of Little River (capital $20,000), Bank of Dania (capital...
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