Middletown Savings Bank of Frederick County (Middletown, MD)

Episode Information

Episode Type
Suspension → Reopening
Start Date
October 7, 1931
Location
Middletown, Maryland (39.440, -77.536)
Bank Type
savings
Routing Number
65-0125
Canonical name
Middletown Savings Bank
Alt. names
Middletown Savings Bank of Frederick County

Metadata

Episode ID
Bank ID
City ID
Model
gpt-5-mini
Short Digest

Notes

Bank was taken into the custody of the State Bank Commissioner then later listed as reopened in 1932.

Events (2)
1. October 7, 1931 Suspension
Cause
Government Action
Cause Details
Failed to open and was placed in the hands of the State Bank Commissioner (taken into custody by state regulator).
Newspaper Excerpt
The Middletown Savings Bank today is in the hands of State Bank Commissioner George W. Page, after having failed to open its doors yesterday.
Source
newspapers
2. August 13, 1932 Reopening
Newspaper Excerpt
Banks which have reopened are: ... Middletown Savings Bank ...
Source
newspapers

Newspaper Articles (2)
1. October 8, 1931 The Washington Times Washington, DC
Article from The Washington Times, October 8, 1931

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Article Text

Maryland Town Now Without Bank MIDDLETOWN, Md., Oct. 8. The Middletown Savings Bank today is in the hands of State Bank Commissioner George W. Page, after having failed to open its doors yesterday. According to its last statement the bank had total resources of $1,041,443 and deposits of $861,940. The closing of the bank left the town without banking facilities, the Valley Savings Bank having been placed in the hands of receivers September 3.

2. August 14, 1932 Evening star Washington, DC

Article Text

TEN MARYLAND BANKS HAVE NOW REOPENED

Only Eight Institutions in State Are Now Closed—Another Reopening Planned.

Special Dispatch to The Star. BALTIMORE, August 13.—Ten of the eighteen banks in Maryland which closed their doors since January, 1931, have reopened. The eleventh is expected to do so September 1, according to officials of the State bank commissioner's office. The prospect for another institution opening its doors soon is said to be good.

Banks which have reopened are: State Bank of Trappe, opened as a branch of the Farmers & Merchants' Bank of Easton; Detour Bank, Commercial Bank of Frederick, Hancock Bank, Queenstown Bank, Middletown Savings Bank, Provident Bank at Preston, Farmers' Bank of Somerset County at Marion Station and the First State Bank, Grantville.

The bank expected to reopen September 1 is the Savings Bank at Williamsport.