6905. Charlestown Trust Company (Boston, MA)

Bank Information

Episode Type
Suspension โ†’ 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 21โ€“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)

Article from The Washington Herald, December 22, 1931

Click image to open full size in new tab

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.


Article from Omaha World-Herald, December 22, 1931

Click image to open full size in new tab

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 $