83 Banks in Florida and Georgia Have Closed Doors This Week, June 16, 1926

13 More Banks Have Closed Doors. . . Total Closed in Florida and Georgia During Week is Now 83

Atlanta, Ga., July 16 (AP)—Thirteen additional banks have closed their doors in Georgia and one in Florida since yesterday, the closing brought the total number that have suspended operations this week to 83 in the two states.

The state banking department in making the announcement attributed the closings to the bankruptcy proceedings of the Bankers Trust Company, which serves as fiscal agent for a string of 120 banks in the two states.

Editor's Note: Why your relative might have mistrusted banks. This was happening before the Great Depression and before bank accounts were insured up to $250,000.

From the front page of the Concord Daily Tribune, June 16, 1926

newspapers.digitalnc.org/lccn/sn92073201/1926-07-16/ed-1/seq-1/