A bank holding company was begun after the stock market crash in 1929, and "Barnett National Securities Corporation" purchased and reopened several failed banks. The day before a bank holiday on March 5, 1933, Barnett expected a bank run. To prevent this, Bion directed the bank's personnel to pull all small denomination bills from the vault, and leave the $50s, $100s, $500s and $1,000 bills. Tellers were instructed to slowly count each withdrawal. Those at the end of the line saw their friends and neighbors leave the bank carrying large stacks of bills, which prompted many customers to regain confidence and leave without their money.