International Bank (Washington, DC)

Episode Information

Episode UID
15002071593
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
1500207 routing
Routing Number
15-0020
Start Date
September 17, 1932
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
32244e426a67dcfe

Response Measures

None

Description

Articles show the International Bank closed and a receiver paying depositors; no explicit run described.

Events (3)
1. September 17, 1932 Other
Newspaper Excerpt
Application for the appointment of a receiver for the Potomac Park Apartments ... was made yesterday ... The petitioners are the National Mortgage & Investment Corporation, the International Bank, the Mount Vernon Savings Bank ...
Source
newspapers
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Bank is described as closed and under a receiver who is paying depositors (closure by conservator/receiver following banking troubles)
Newspaper Excerpt
the closed International Bank, the receiver paid out to 2,000 of the 3,500
Source
newspapers
3. March 28, 1933 Receivership
Newspaper Excerpt
the receiver paid out to 2,000 of the 3,500 ... A dividend of ... is being paid to depositors, the first they have [received].
Source
newspapers

Newspaper Articles (2)
1. September 17, 1932 Evening Star Washington, DC
Article from Evening Star, September 17, 1932

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Article Text

RECEIVERSHIP REQUESTED FOR APARTMENTS HERE Foreclosure of Potomac Park Property Also Urged by Petitioners in Court Action. Application for the appointment of a receiver for the Potomac Park Apartments, Twenty-first and C streets, owned by Frederic J. Haskin and his wife, Olive G. Haskin, was made yesterday in District Supreme Court by holders of notes secured by a second deed of trust on the property. Foreclosure of the trust also is requested. The petitioners are the National Mortgage & Investment Corporation, the International Bank. the Mount Vernon Savings Bank, Weaver Bros., Inc., and Isadore Freund. They tell the court that the second trust is for $253,965.32 and is subject to a first trust for $346,879. Interest and other payments are in arreas, it is claimed. The charge also is made that one of Mr. Haskin's organizations has become in arrears of rent to the extent of $11,000.

2. March 28, 1933 The Washington Herald Washington, DC
Article from The Washington Herald, March 28, 1933

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Article Text

STOCK OPEN BANK Potomac Savings to Become National; 2,000 Depositors Share Exchange "Dividend" one-half of the More than $500,000 in stock subscriptions which will be necessary to conPotomac Savings Bank, vert the now closed. to the Potomac National Bank, has already been received, was yesterfor stock in day. Applications the reorganized are being entered rapidly. The bank was open Sunday for As soon as the $500,000 in stock subscriptions has been received. the bank will be able open. it was said. "DIVIDEND" IS PAID Meanwhile at the closed International Bank. the receiver paid out to 2,000 of the 3,500 A "dividend' of per cent is being paid to depositors, the first they have While the Potomac and other temporarily closed banks were finding way out of their difficulties, the conservator in charge the closed and looted Park Savings Bank ran into new tangle of complications. was learned that certain securities, including real estate notes had disappeared from their envelopes. The amount of money missing was not disclosed, but known that the total loss at this through of Robert Stuntz, vice president who committed suicide, will run to $1,600,000. MAZE GETS DEEPER The further examiners probed into the maze at the Park Savings, the more evidences looting and altered books they have found They yesterday that it will require several more weeks to clean up the situation. Col. Wade H. Cooper president the Bank, which the hands of that of the said names members of the tee of depositors in the bank will be made shortly by Wade H. Ellis.