Providence Institution For Savings

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: December 6, 1873
Location: Providence, Rhode Island (41.824, -71.413)

Metadata

Model: gpt-5-mini
Short Digest: eebd0c3f

Response Measures

None

Description

The newspaper (Chicago Daily Tribune, 1873-12-08) reports Providence Savings Bank Suspended (dated Dec. 6). The provided bank name is 'Providence Institution For Savings' while the article calls it 'Providence Savings Bank' — likely the same savings institution in Providence, RI. The short article gives no information about receivership or permanent closure; given the limited text I treat this as a suspension with no evidence of permanent failure and therefore classify as suspension_reopening. Cause is not specified in the article.

Events (1)

1. December 6, 1873 Suspension

Cause Details: Article simply reports the bank was suspended; no cause given.
Newspaper Excerpt: PROVIDENCE, R. I., Dec. 6. - Providence Savings Bank Suspended.
Source: newspapers

Newspaper Articles (1)

1. December 8, 1873 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, December 8, 1873

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Article Text

The Sprague Trust-Deed. WASHINGTON, Doc. G.-A copy of the trustmortgage of the Sprague Manufacturing Company, of Rhode Island, has been filed with the Recorder of Doods of this city, Providence Savings Bank Suspended. PROVIDENCE, R, I.. Dec. G.-The Cranston Savings Bank has boon declared insolvent and a Recoiver appointed.