Article Text
Charlestown Trust Taken Over BOSTON, Dec. the request the board of directhe Charlestown Trust Company with deposits of today was taken over the State.
6905. Charlestown Trust Company (Boston, MA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Start Date
- December 21, 1931
- Location
- Boston, Massachusetts (42.358, -71.060)
Metadata
- Model
- gpt-5-mini
- Short Digest
340d142bd21147f0
Response Measures
None
Description
Contemporary newspaper snippets (Dec 21–22, 1931) report the Charlestown Trust Company in Boston failed and was taken over by the State, apparently at the request of the board of directors. No article mentions a depositor run prior to suspension; the bank was taken over and effectively closed/placed in receivership.
Events (2)
1.
December 21, 1931
Suspension
- Cause
- Government Action
- Cause Details
- State took over the Charlestown Trust Company at the request of the board of directors; bank reported as failed.
- Newspaper Excerpt
- Boston, Dec. 21 Charlestown Trust company failed today
- Source
- newspapers
2.
December 22, 1931
Receivership
- Newspaper Excerpt
- Charlestown Trust Taken Over BOSTON, Dec. the request the board of directhe Charlestown Trust Company ... was taken over the State.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Grain Indemnities Chicago, Dec. Closing quota- Bank Suspensions. Boston, Dec. 21 Charlestown Trust company failed today The statement to the as of December 1930. listed total deposits of $3,436,388 Offers. May GOOD THIS WEEK Ma NEXT WEEK $