7351. Lafayette Bank (Baltimore, MD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1921*
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
b0d9c6da50d01293

Response Measures

None

Description

Articles state the Lafayette Bank (referred to as Lafayette State Bank) was insolvent and was closed by order of the State Bank Commissioner about two years prior to 1923 and placed in receivership (George W. Page). No article describes a depositor run; the bank remained closed with a receiver selling assets — classifies as a suspension followed by permanent closure/receivership. Dates are approximate when only relative timing is given.

Events (3)
1. January 1, 1921* Suspension
Cause
Government Action
Cause Details
Closed by order of the State Bank Commissioner (bank was insolvent).
Newspaper Excerpt
closed two years ago by order of the State Bank Commissioner
Source
newspapers
2. February 3, 1923 Receivership
Newspaper Excerpt
George W. Page, receiver for the insolvent bank, has asked permission of the circuit court to sell the property.
Source
newspapers
3. June 8, 1923 Other
Newspaper Excerpt
Assets of the insolvent Lafayette Bank, closed two years ago by order of the State Bank Commissioner, were increased by $11,521 when Judge Carroll T. Bond ... granted George W. Page, receiver, a verdict for that amount against H. Walter Ganster and William Preston. Both men were guarantors of an unpaid note.
Source
newspapers

Newspaper Articles (2)
1. February 3, 1923 Evening Star Washington, DC
Article from Evening Star, February 3, 1923

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Article Text

D. C. FIRM PLANS HUGE BALTIMORE BUILDING BALTIMORE, February 3.-Plans for a twenty-story office building, to cost $2,000,000, on the site of the Lafayette State Bank structure, Calvert and Lexington streets, have been drawn by the William K. Hartung Company of Washington. George W. Page, receiver for the insolvent bank, has asked permission of the circuit court to sell the property. He said the Washington concern had made an offer of $179,000, which is almost $50,000 less than the amount originally paid by the bank, but that the upkeep is now costing the receivership more than $30 a day. The site, which is directly oppo-

2. June 8, 1923 The Midland Journal Rising Sun, MD
Article from The Midland Journal, June 8, 1923

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Article Text

# SHORT CUTS IN STATE NEWS The Latest News From All Over the State # HAPPENINGS OF THE WEEK Frederick.—Frank Slifer, twenty-one, near Middletown, convicted during the February term of court for burning a barn on the farm of C. Garfield Crone, near Middletown, was sentenced to seven years in the Maryland Penitentiary by Judge Glenn H. Worthington. Baltimore.—The class of 1907 went over the top in the Loyola College and High School campaign to raise $200,000 to build an Alumni Building at Evergreen. The class raised $60,000 among 275 distributors. It was decided to continue the campaign through the month of June. Baltimore.—Mayor Jackson was initiated into the Baltimore Forest, Tall Cedars of Lebanon, with 150 other candidates. The event was held at the Fourth Regiment Armory, in celebration of the election of Archey C. New as Junior Deputy Tall Cedar of the United States at the recent convention in Atlantic City. Baltimore.—Assets of the insolvent Lafayette Bank, closed two years ago by order of the State Bank Commissioner, were increased by $11,521 when Judge Carroll T. Bond, in City Court, granted George W. Page, receiver, a verdict for that amount against H. Walter Ganster and William Preston. Both men were guarantors of an unpaid note. Baltimore.—Sixteen bonds, valued at $15,000, and bearing serial numbers corresponding with bonds stolen from the Monrovia and Woodbine banks, have been recovered in banks in Boston. The bonds, pledged as security for a loan, are said to have been handled by a Boston ship broker whose indictment, the dispatch said, will be sought at the next meetings of the grand juries of Carroll and Frederick counties.