Skip to content
Department of State Homepage State Library & Archives of Florida Services for Citizens Services for State Employees Services for Librarians Services for Archivists Services for Records Managers

Division of Library and Information Services : Research : Search Our Catalogs : Archives Catalog

State Archives of Florida Online Catalog

Magnifying glass over a document.

The Online Catalog allows searching and browsing of information about the Florida State Archives’ holdings of over 48,000 cubic feet of state and local government records and historical manuscripts. The catalog provides descriptions of over 3,400 collections and lists the contents of containers and folders in many of those collections. For assistance with accessing and using State Archives collections, call our Reference Staff at 850.245.6719 or email us at

SearchAdvanced Search  | Browse Indexes | Browse Collections  | FAQ

Details Page

Click on for detailed listing.

Record Group Number: 900000
Series/Collection Number: N2000- 21
Creator: First Bank and Trust Company of Pensacola (Pensacola, Fla.)
Title, Dates: Bank records, 1914-1998
Amount: 2.00 cubic ft.
33.00 v.
Medium Included:
Organization/Arrangement: Organized into 7 series:  1. Historical Records, .5 cu. ft., 1928-1998;  2. Financial Ledgers, 6 Vols., 1914-1933;  3. Daily Statements, 7 Vols., 1920-1966;  4. Draft Registers, 4 Vols., c. 1930-1955;  5. Minutes, 5 Vols., 1914-1969;  6. Stock Certificates, 6 Vols., 1928-1965; and 7. Miscellaneous Journals and Registers, 5 Vols., 1931-1975. By record type.
Terms Governing Use:
Biographical/Historical:     The Banking, Savings and Trust Company in Pensacola was chartered on July 3, 1914.  The first location of the bank was in the Blount Building at One South Palafax Street in Pensacola, the former site of the Pensacola State Bank which had failed.  Francis C. Chaffin was named as the first president of the bank, which took over the furnishings and fixtures of the Blount Building.  In 1919, the Malone family purchased the bank's major stock holdings and E.R. Malone became president.

    In 1926, the name of the bank was changed to the First Bank and Trust Company of Pensacola.  Known for its conservative management, the bank continued to grow and prosper through the 1930s and 1940s. In 1954, the bank purchased and modernized the Isis Theater which became its new headquarters.  In the decade that followed, F.B. & T. grew from being the third largest bank in Pensacola to the largest.  F.M. "Son" Turner,  who was married to one of the Malone daughters, had led the bank since 1947.  Guy Botts, who originally was from north Florida and knew E. Dixie Beggs, Jr., a director of F.B. & T., approached Turner with a proposal for Barnett to acquire F.B. & T. 

    In 1966, stockholders approved an affiliation with Barnett Banks of Florida.  F.M. "Son" Turner became chairman of the board and Harold J. Kelley was named president.  The First Bank and Trust Company of Pensacola was one of the first major acquisitions in the Barnett Banks of Florida, Inc. expansion which started in 1966 under the leadership of Guy W. Botts.

    In 1971, the name of the bank was changed to Barnett Bank of Pensacola and C.C. Mertins, Jr. was named bank president.  In 1981, Barnett Bank of Pensacola and Barnett Bank of Fort Walton were merged to form Barnett Bank of West Florida.  In 1993, Barnett Banks Inc. acquired the Citizens and Peoples Bank in Pensacola from Bank South Corporation in a transaction that involved a swap of Barnett's Atlanta franchise to Bank South for Bank South's Pensacola banks.  Citizens and Peoples Bank then merged into Barnett Bank of West Florida.  This solidified Barnett as the number one bank in deposits in Pensacola.

    To fully understand the importance of the acquisition of F.B. & T. by Barnett Banks, it is necessary to understand the expansion process that Barnett Banks was undergoing in the mid-1960s.  Guy W. Botts, President and CEO of Barnett Banks, developed a ten-year plan which would initially focus on acquiring small, independent banks in the major markets throughout Florida.  Botts first step was to restructure the Barnett National Securities Corporation [BNSC], an early form of bank holding company.  By BNSC becoming the parent company of Barnett National Bank of Jacksonville, BNSC became the means by which Botts was able to purchase additional banks and expand throughout Florida.

    In 1966, Botts reached agreements for BNSC to purchase the First Bank and Trust Company of Pensacola and The First National Bank of Winter Park.  After receiving approval from the Federal Reserve, these became the first in a series of acquisitions.  From 1966 to 1976, Barnett purchased 34 banks and obtained new bank charters an additional 19 banks.

    In 1969 the name of the holding company was changed to Barnett Banks of Florida, Inc. to better reflect a common identity. Barnett Banks adopted a common logo and corporate identification program for all its banks.  The individual bank names were all changed to Barnett Bank of (city or county).  By 1979, Barnett Banks opened its 100th banking office and assets had increased to $3 billion.  Barnett Banks was ranked as the fifth largest bank holding company in the southeast.
    Barnett Banks, Inc. continued to expand throughout Florida, and in March 1993 acquired First Florida Banks, Inc.  This was the last of Barnett's major acquisitions.  This gave Barnett Banks, Inc. a total of 638 offices, assets of $39 billion, and 27% of Florida's deposits.  Barnett Banks, Inc. was the largest banking organization in Florida and the 18th largest in the United States.
    In 1997 in a $15.5 billion dollar deal, which was the largest in the history of banking industry at that time, Barnett Banks, Inc. was acquired by NationsBank.  Subsequently, in 1999, NationsBank and BankAmerica merged to form a national bank, Bank of America.

Summary:     This collection contains a variety of financial ledgers, director's and stockholder's minutes, historical documents, annual reports, statements of condition, newsletters, press releases, newspaper clippings, photographs, and miscellaneous materials detailing the history of the First Bank and Trust Company of Pensacola.  In addition, materials from the Citizens & Peoples National Bank of Pensacola are also included.  The collection is organized into seven series as described below.

    Series 1:  Historical Records.  This series consists of correspondence, statements of condition, annual reports, newspaper clippings, brochures, banking magazines and photographs detailing the early history of the First Bank and Trust Company of Pensacola, the growth and expansion of the bank through the 1950s and 1960s, and the eventual acquisition by Barnett Banks of Florida, Inc.

    Series 2:  Early Financial Ledgers.  This series contains the earliest financial ledgers from the founding of the bank in 1914 as the Banking, Savings and Trust Company.  These ledgers include a General Ledger (ca. 1914-1919) listing the various banks in Florida and throughout the United States which B.S. & T. had relationships with.  Three cash books (ca. 1914-1918) are included.  Also of interest is a Trust Ledger which is arranged alphabetically.  The trusts vary from individuals to companies, such as Board of Public Instruction and the American Legion.  F.B. & T. Co. is also listed as the guardian of minors and as administrator of the estates. Entries in the Trust Ledger include payment of taxes, payment for medical services, repairing homes, payment for clothing, etc.

    Series 3:  Daily Statements.  This series consists of seven volumes of daily statements from 1920 to 1966.  Basically these are resources (assets) and liability ledgers which were kept on a daily basis, with the balances equaling each day.  Resources would include State, County and Municipal Bonds, U.S. Liberty Bonds, and accounts with various banks.  Liabilities would include dividend, deposit and savings accounts, certificates of deposit, cashiers and certified checks, and accounts with other banks.  The first five ledgers are hand-written, but beginning with the sixth, are typed. By the last ledger, income and expenses are also included and the term "assets" has replaced the term "resources."

    Series 4: Draft Registers.  This series consists of four volumes of draft registers dating from 1930 through 1955.  Information listed includes date, payable to the order of, by whom purchased, check number, amount, date paid, and exchange.  Each register usually lists the primary banks with which F.B. & T. had relationships, including:  J.P. Morgan, Central Hanover, Chase National Bank-N.Y., and Atlantic National Bank-Jacksonville.  In addition, entries for trust checks, dividends, certificates of deposit, certified checks, and cashiers checks are also included.

    Series 5:  Minutes.  This series contains minutes from the Board of Directors (1914-1961) and minutes from the stockholders' meetings (1914-1969).  The monthly minutes from the Directors' meetings generally discuss loan approvals and loan limits, resolutions, and memoranda. In addition, earning statements, statements of condition, statements of income and expense, C.P.A. reports and audits, building reports, and amendments to the articles of incorporation are also included.

    The annual stockholders' meeting minutes generally include the election of officers, a list of stockholders, changes in by-laws, meeting agendas, statements of condition, and income and expense statements.  The information contained in this series supplements the information contained in Series 1, Historical Records.  This series would be of value to researchers studying the establishment of the Banking, Savings and Trust Bank which later became the First Bank and Trust Company of Pensacola.

    Series 6:  Stock Certificates. This series contains 6 volumes of stock certificates from 1958 through 1965.  The information listed on each stock certificate includes:  name, certificate number, number of shares, date issued, and amount of share.

    Series 7:  Miscellaneous Journals, Ledgers, and Registers.  This series consists of several miscellaneous volumes including a Landlord and Client Ledger, Expense Account Journal, Safe Deposit Vault Register, and a scrapbook of newspaper clippings.

    The Landlord and Client Ledger and Safe Deposit Vault Register do list names of clients in Pensacola and do have some value in that regard.  The Expense Account Journal does list employee salaries, expenses, and the names of the business firms that provided services to the F.B. & T. Company.  The scrapbook contains statements of condition for many of the banks in Pensacola from the 1952-1975 time frame.
Finding Aids: Folder listing available.
Additional Physical Form:
Reproduction Note:
Location of Originals/Duplicates:
Associated Materials: Researchers studying the history and expansion of Barnett Banks and the many acquisitions may wish to consult several other significant collections.  These include: Collection M99-5, First Florida Banks, Inc.;  Collection M99-12, Barnett Banks, Inc., Bank Records, contains extensive documentation of the history and overall operations and activities of the Barnett Bank of Jacksonville;  Collection N2000-6, Barnett Banks, Corporate Communications Records, discusses Barnett's expansion in the 1960s to 1990s;  Collection N2000-12, Barnett Banks, Inc., Bank Affiliates Historical Records;  Collection N2001-6, Barnett Historic Preservation Foundation, Inc. Oral Histories, Photographs, and Historical Records, which includes interviews about expansion policies and acquisitions;  and Collection N2001-7, Barnett Banks, Inc. Corporate Records, which details expansion and acquisitions in a series of annual reports.

In addition, researchers may also wish to consult Collection N2000-23, Records of Allen L. Lastinger, Jr., COO and president of Barnett Banks, Inc. and Collection N2000-24 Records of Charles E. Rice, CEO of Barnett Banks, Inc.

There are also a large number of affiliated Barnett Banks including, but not limited to:  Collection N2000-1, Barnett Bank of South Florida;  Collection N2000-7, Barnett Bank of Avon Park (Fla.);  Collection N2000-8, Barnett Bank of Ocala (Fla.);  Collection N2000-10, Barnett Bank of Deland (Fla.);  Collection N2000-11, Barnett Bank of Orlando/Winter Park;  Collection N2000-13, Barnett Bank of Central Florida;  and Collection N2000-17, Barnett Bank of St. Johns.
Language Notes:
Ownership/Custodial History:
Publication Note:
General Note: This collection was arranged and described from materials obtained from Barnett Banks, Inc. when the Barnett Bank records were transferred to the Florida State Archives beginning in 1999 and continuing through 2001. 

In terms of importance the primary series are:  M99-5 First Florida Banks, Inc. Bank Records;  M99-12 Barnett Banks, Inc. Bank Records (this is the Jacksonville Bank's records);  N2000-6 Barnett Banks, Inc. Corporate Communication Records;  N2000-12 Bank Affiliates Historical Records;  N2000-23 Records of Allen L. Lastinger, Jr., COO and president of Barnett Banks, Inc.;  N2000-24 Speech Files of Charles E. Rice, CEO of Barnett Banks, Inc.;  N2000-26 Barnett People for Better Government;  N2001-4 Public Relations and Advertising Records;  N2001-6 Barnett Historic Preservation Foundation, Inc. Oral Histories, Photographs, and Historical Records;  and  N2001-7 Barnett Banks, Inc. Corporate Records. 
The Barnett Family and Barnett Banks had a long and complex history, beginning in 1877 and lasting until 1998.  Two books written by Barnett veteran, David J. Ginzl, provide an in-depth history of both the Barnett Family and Barnett Bank and the role Barnett Banks played in the development of banking in Florida.  Barnett: The Story of "Florida's Bank"  (University of Tampa Press / 428 pages) provides a thorough historical account of Barnett's development  and  Images of America: Barnett Bank (Arcadia Publishing / 128 pages) contains numerous historically significant photographs with brief narrative essays.  These two books would be indispensable for researchers studying either the Barnett Family or the history of banking in Florida in the 20th Century. 

Electronic Records Access:
Subject Access Fields: First Bank and Trust Company of Pensacola (Pensacola, Fla.)
Banking, Savings and Trust Company (Pensacola, Fla.)
Citizens and Peoples National Bank of Pensacola (Pensacola, Fla.)
Barnett Bank of Pensacola (Pensacola, Fla.)
Barnett Bank of West Florida
Bank buildings Florida
Bank mergers Florida
Banks and banking History Florida.
Pensacola (Fla.)
Added Entries Barnett Banks
Banking, Savings and Trust Company (Pensacola, Fla.)
Citizens and Peoples National Bank of Pensacola (Pensacola, Fla.)
Barnett Bank of Pensacola (Pensacola, Fla.)