Article Text
FOUR HAVERHILL BANKS INVOKE 90-DAY CLAUSE today invoked the 90-day clause for the of any deposits ex. ceeding $100. The banks are the Pentucket City Bank, Savings Bank and Haverhill Trust Company.
7113. Haverhill Trust Company (Haverhill, MA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Start Date
- December 19, 1931
- Location
- Haverhill, Massachusetts (42.776, -71.077)
Metadata
- Model
- gpt-5-mini
- Short Digest
a15039c60b429845
Response Measures
None
Description
Articles show Haverhill Trust Company invoked the 90-day clause (suspension of withdrawals over $100) on 1931-12-19 and was announced closed by the state banking department on 1931-12-26. No explicit description of a depositor run is given in the excerpts, so I classify this as a suspension followed by closure (government action).
Events (2)
1.
December 19, 1931
Suspension
- Cause Details
- Invoked the 90-day clause suspending withdrawals on deposits exceeding $100 (liquidity precaution; exact trigger not specified).
- Newspaper Excerpt
- FOUR HAVERHILL BANKS INVOKE 90-DAY CLAUSE today invoked the 90-day clause for the of any deposits ex. ceeding $100. The banks are the Pentucket City Bank, Savings Bank and Haverhill Trust Company.
- Source
- newspapers
2.
December 26, 1931
Receivership
- Newspaper Excerpt
- Bank Suspensions. Boston, Dec. 26 (AP) The state banking department announced the closing the Haverhill Trust company The deposits of more than $2,000,000.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank Suspensions. Boston, Dec. 26 (AP) The state banking department announced the closing the Haverhill Trust company The deposits of more than $2,000,000.