National Rockland Bank (Boston, MA)

View Charter #615 on SPMC View balance sheet

Episode Information

Episode UID
61501595
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
6150 national
Charter Number
615
Start Date
November 15, 1932
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
634bc44ae5cb8b6b

Response Measures

None

Events (4)
1. December 8, 1864 Chartered
Source
historical_nic
2. November 15, 1932 Other
Newspaper Excerpt
NATIONAL ROCKLAND BANK OPENS IN NEW QUARTERS ... the National Rockland Bank opened for business yesterday at the new banking quarters, 30 Congress st.
Source
newspapers
3. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Federal/state banking holiday and related restrictions following proclamations and Clearing House actions.
Newspaper Excerpt
Banks of Boston, still functioning under the holiday banking restrictions ... proclamations relative to the suspension of business by all banks.
Source
newspapers
4. March 13, 1933 Reopening
Newspaper Excerpt
It was expected ... the opening of some banks for regular business next week.
Source
newspapers

Newspaper Articles (3)
1. November 15, 1932 The Boston Daily Globe Boston, MA

Article Text

NATIONAL ROCKLAND BANK OPENS IN NEW QUARTERS Having accomplished the task of removing all of their securities funds, books and other materials from the previous location at 50 Congress st, the National Rockland Bank opened for business yesterday at the new banking quarters, 30 Congress st. Through the forenoon a steady stream of visitors came to the new banking rooms, expressed their appreciation of the change and chatted with the various executive officers. Pres Robert B. Rugg was on hand early, with the several vice presidents and other officials. From the time of opening until midday beautiful floral pieces were sent to the bank as congratulatory tributes from the other national banks of the city, as well as from many brokerage houses and business firms. In the early afternoon the windows, marble railings and other nooks and corners held these floral pieces, which largely took the shape of baskets of chrysanthemums and other flowers. The new quarters are decidedly more spacious than the previous banking facilities afforded, so that business was being conducted without any delay. The general appointments of the new banking rooms are up to the minute in every direction. The executive offices are located on the exchange place side of the rooms, while the Congress st frontage is devoted to the accommodation of clients.

2. March 7, 1933 Sun-Journal Lewiston, ME

Article Text

Boston Commercial Banks Delay Opening To Resume Business WednesTrust Companies Open But an Hour BOSTON, March spite of authority given open for the purpose new deposits, today after Clearing House postpone opening until Several companies Boston opened nine closed again about hour later because of some fusion to procedure. difficulty might be against understood accounts that they deposit make portion deposit but that they not checks against after the banking day lifted. inWashington before time for Clearing banks open business The Clearing House of certificate for use as

3. March 12, 1933 Evening Star Washington, DC
Article from Evening Star, March 12, 1933

Click image to open full size in new tab

Article Text

BOSTON BANKS GET FLOOD OF CHECKS Thousands Dated During and Prior to Holiday Proclamations Are Received. By the Associated Press. BOSTON, March 11.-Banks of Boston, still functioning under the holiday banking restrictions, today received thousands of checks dated during and prior to the proclamations relative to the suspension of business by all banks. Acting under a notice issued by the Boston Clearing House Association, the banks undertook to clear up much of the work entailed in handling the checks in an effort to have as much as possible of it accomplished before the opening of some banks for regular business next week. The Federal Reserve Bank of Boston received hundreds of applications from banks in the first Federal Reserve district (New England) seeking licenses to open and resume business. Also many non-member banks have expressed a desire to join the reserve system. It was expected that non-member banks would be permitted to draw money through member banks by posting proper security. Boston banks continued the release of pay rolls and necessities-of-life funds in small amounts. The Federal Reserve Bank announced yesterday's receipts as $1,272,659 in gold coins and $849,060 in gold certificates.