Providence Bank - Scranton, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 15, 1879
Location: Scranton, Pennsylvania (41.409, -75.662)

Metadata

Model: gpt-5-mini
Short Digest: 77dd2917

Response Measures

None

Description

The April 15, 1879 telegraphic summary reports that the Providence Savings Bank and Trust Company of Scranton, Pa., has suspended, liabilities $100,000. No run is mentioned. The record does not state whether the suspension was temporary or if a receiver was later appointed; I classify as suspension_closure as the most likely outcome given the announcement of suspension and lack of reopening information, but permanence is uncertain.

Events (1)

1. April 15, 1879 Suspension

Cause Details: Telegraphic notice only states the bank has suspended and lists liabilities of $100,000; no cause provided in article.
Newspaper Excerpt: The Providence Savings Bank and Trust Company of Scranton, Pa., has suspended, liabilities $100,000.
Source: newspapers

Newspaper Articles (1)

1. April 15, 1879 The Cheyenne Daily Leader Cheyenne, WY

Article from The Cheyenne Daily Leader, April 15, 1879

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Article Text

TELEGRAPHIC SUMMARY. Capt. Boynton passed Memphis yesterday. Chicago grain market to-day wheat, 86; corn, 31 ; whiskey, 104. The President has nominated W. H. Payne pension agent at San Francisco. A distinct earthquake shock was felt at Norfolk, New York, Monday morning. The senate has confirmed Arthur L. Thomas, of Pittsburgh, secretary of Utah territory. John P. Phair, hanged in Vermont last Thursday, left a statement declaring his innocence. The Providence Savings Bank and Trust Company of Scranton, Pa., has suspended, liabilities $100,000. The duke of Argyle will shortly reach this country, on his way to Canada, to visit his son, the Marquis of Lorne. A hailstorm occurred at Pensacola, Fla., yesterday, something unknown before in that locality. The hailstones were as large as eggs. Hezekiah Shaffer, sentenced to be hanged, next Thursday, in Chambersburg, Pa., opened the veins in his legs and arms this morning, and his recovery is doubtful. The funeral of the late Gen. Richard Taylor took place on Sunday, in New York city, from the church of the transfiguration. Among those present were Ex-Gov. Tilden, Ex-Mayor Wickham, Gen. Smith and Park Godwin. A shell, buried in the road, explode d near Prince Milan, while walking at Nish, Sunday. His aide-de-camp was wounded. It is not known whether the explosion was the result of a plot to assassinate the prince, or not. A dispatch from Berlin states that Germany, though entertaining no idea of annexing Samokin island, intends to protect German interests, and to prevent Americans from establishing themselves there to the detriment of other nations.