Gloucester Bank (Gloucester, MA)

Episode Information

Episode UID
4297423791584
Episode Type
Run → Suspension → Unsure
Bank Type
state
Bank ID
429742379 hash
Start Date
December 15, 1931
Location
Gloucester, Massachusetts (42.616, -70.662)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
650adc0fb98ce43a

Response Measures

None

Description

Suspension described as temporary with examiner involvement; no clear reopening reported in these articles.

Events (2)
1. December 15, 1931 Run
Cause
Local Banks
Cause Details
Heavy withdrawals/contagion following distress and closings of other Massachusetts banks and affiliated institutions
Measures
None specific beyond later suspension; bank warned depositors and awaited examiner review
Newspaper Excerpt
a group about depositors were gathered in the demand for...large amount which cannot be immediately...depositors had withdrawn our balances week ago
Source
newspapers
2. December 15, 1931 Suspension
Cause
Government Action
Cause Details
Closed temporarily on advice of the bank examiner pending review of condition
Newspaper Excerpt
GLOUCESTER BANK SUSPENDS TEMPORARILY...By advice of the bank examiner, this bank temporarily
Source
newspapers

Newspaper Articles (2)
1. December 15, 1931 The Boston Daily Globe Boston, MA
Article from The Boston Daily Globe, December 15, 1931

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Article Text

GLOUCESTER BANK SUSPENDS TEMPORARILY GLOUCESTER, Dec the first time in its history of 135 of dobusiness the closed doors to the public for today exact to say it closed its were opened. group about depositors were gathered in the demand for Snortly Thomas Carroll, president of the appeared addressed the group substantially as follows: Gentlemen: By advice of the bank examiner, this bank temporarily. me you that But this solvent. be in progress called run large amount which cannot be immediately me that the affairs of this all largest are we depositors been minded we could had withdrawn our balances week ago, that there loss we stand the meantime bank examiner thorough of the condition this will make report in short time. done conserve of the bank in of hope be for business in

2. December 16, 1931 The Mercury Manhattan, KS
Article from The Mercury, December 16, 1931

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Article Text

NINE MASSACHUSETTS ARE SHUT DOWN BANKS Includes Four National and List Five State Banks With Deposits Boston. Dec. 15 Massachusetts banking institutions, with aggregate deposits, according to the latest were closed today. The list included four national banks and five state banks. central figure in the closings The Federal National bank the which has five city branchwith which all the other inand stitutions were affiliated. Federal National whose The directors voted to ask the comptrolto take charge after ler currency the bank and its branches runs had deposits, Septemof other banks and their latest The available statements of deposit The Middlesex National bank. Lothe State National well. the Gloucesbank. Lynn. National bank. the Bancroft ter Worcester, $5,876,Trust 474: the Lawrence Trust company, Lawrence, the Inman Trust company, Cambridge,