First Co-operative Building Association of Georgetown

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: July 23, 1911
Location: Georgetown, District of Columbia (38.905, -77.062)

Metadata

Model: gpt-5-mini
Short Digest: 02ccd948

Response Measures

None

Description

Article (The Washington Herald, 1911-07-23) reports that William E. Ambrose is receiver for the First Co-operative Building Association of Georgetown and that a creditor (president of Farmers and Mechanics' National Bank) petitions for a lien and to enjoin the receiver from disposing of assets. No run is mentioned; the association is in receivership (indicating suspension and effective closure). Building associations' exact charter type not specified, so bank_type set to unknown.

Events (2)

1. July 23, 1911 Receivership

Newspaper Excerpt: William E. Ambrose, receiver, ... First Co-operative Building Association of Georgetown
Source: newspapers

2. July 23, 1911 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Creditor action to liquidate a $27,000 note and petitioning regarding association's assets suggests insolvency/trouble specific to the association
Newspaper Excerpt: Mr. Brown also asks the court to enjoin William E. Ambrose, receiver, from making any disposition of its assets before his note is paid.
Source: newspapers

Newspaper Articles (1)

1. July 23, 1911 The Washington Herald Washington, DC

Article from The Washington Herald, July 23, 1911

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Article Text

Brown Demands a Lien. S. Thomas Brown, president of the Farmers and Mechanics' National Bank, has asked the District Supreme Court to grant him a lien on the assets of the First Co-operative Building Association of Georgetown, to liquidate a note of $27,000 executed by the association and signed by John Fleming, as president, and J. Barton Miller, as secretary-treasurer. Mr. Brown also asks the court to enjoin William E. Ambrose, receiver, from making any disposition of its assets before his note is paid.