gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e56af4dc046f48b1
Response Measures
None
Events (3)
1.January 10, 1906Other
Newspaper Excerpt
The Mercantile Trust & Deposit Company is enjoined from selling or disposing of the bonds ... Defendants are ordered to show cause January 17 why a receiver should not be appointed.
Source
newspapers
2.March 13, 1933Suspension
Cause
Government Action
Cause Details
State and federal banking holiday/authorities' suspension during March 1933 followed by permission to reopen
Newspaper Excerpt
Permission given ... to the following state banks in Baltimore ... Mercantile Trust Company ... Permission for unrestricted business beginning was given
Source
newspapers
3.March 15, 1933Reopening
Newspaper Excerpt
Permission to re-open had been given ... Mercantile Trust Company ... Permission for unrestricted business beginning was given ... to reopen tomorrow was announced tonight by banking authorities here.
To Preserve Mills' Assets. Charleston, Special.-In the United States Circuit Court here Judge Brawley filed an order in the case of the Union and Buffalo Cotton Mills Companies against the Union Manufacturing and Power Company, of Baltimore and the Union National Bank, of Mahonoy, Penn., restraining and enjoining the defendant company from disposing of property or assets or from contracting or obligations other than absolutely necessary for the custody and presevation of the property. The Mercantile Trust & Deposit Company is enjoined from selling or disposing of the bonds of the Union -Manufacturing & Power Company, now held or controlled by it. Defendants are ordered to show cause January 17 why a receiver should not be appointed.
2.March 14, 1933The NewsFrederick, MD
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Article Text
BALTIMORE BANKS TODAY
National And State Institutions Affected By Order.
PERMISSION GIVEN FORMAL o: all five national banks. one state bank member of the Federal Reserve system and seven state banks in Baltimore on an unrestricted basis tomo:row was announced tonight by banking authorities here. Hugh Leach. manager of the Bait:- the more branch of the Federal Reserve Bank, Richmond. announced permission to re-open had been given the Canton National. First National. N.ttonal Central. National Marine and Western National banks and also the Maryland Trust Company. state bank member. Permission for unrestricted business beginning was given by John J. Ghinger. state bank commissione. to the following state banks in Baltimore Calrert Bank Colonial Trust Company. Equitable Trust Company. F.delit. Trust Company. Mercantile Trust Company. Morris Plan Bank and Real Estate Trust Company Ghinger also said the Safe Deposit and Trust Company and the Conter mtai Trust Company. whose business is no: general banking business but fiductary business. handling trust tates open tomorrow. Commissioner Ghingher late tonight tutions = Baltimore would be permitted to re-open tomorrow on norms: his basis and four mutual savings institum. banks were opened in Baltimore for business before the bank holiday declared. These national three state banks which are members of the Federal Reserve system and 25 state banks. Reopening of state banks in the of Maryland on normal is presented by State and Federal Regulations until Wednesday. it was said Representatives of the county banks will meet at the bank commissioner's office tomorrow morning to Ghingher and Got. on for re-opening Among the financial houses that were to reopen on :00 per same. and Alexancer Brown and Son:
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
