Washington Trust Company of Maryland

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: December 1, 1933*
Location: Ellicott City, Maryland (39.267, -76.798)

Metadata

Model: gpt-5-mini
Short Digest: 06c8f928a13ebb9f

Response Measures

None

Description

Article (May 11, 1934) reports the State Bank Commissioner approved a reorganization plan for the Washington Trust Company of Maryland (Ellicott City). The bank had been placed in the hands of the Bank Commissioner as receiver in December 1933 after earlier problems tied to the closing of Central Trust (Sept 1931). No explicit run is described; the bank was placed in receivership and a reorganization into the Howard County Bank was approved, indicating a suspension/closure with receiver and subsequent reorganization.

Events (3)

1. December 1, 1933* Receivership

Newspaper Excerpt: made the Bank Commissioner receiver on December 1933.
Source: newspapers

2. December 1, 1933* Suspension

Cause: Government Action
Cause Details: Court action returned the bank to independent status and the State Bank Commissioner was made receiver in December 1933.
Newspaper Excerpt: the court Frederick the bank back in its original independent status and made the Bank Commissioner receiver on December 1933.
Source: newspapers

3. May 11, 1934 Other

Newspaper Excerpt: plan of reorganization for the Washington Trust Company of Maryland Ellicott City been approved by State Bank Commissioner John Ghingher. The plan provides for the formation of new State bank to be known the Howard County Bank.
Source: newspapers

Newspaper Articles (1)

1. May 11, 1934 The News Frederick, MD

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Article Text

TO REORGANIZE BANK plan of reorganization for the Washington Trust Company of Maryland Ellicott City been approved by State Bank Commissioner John Ghingher. The plan provides for the formation of new State bank to be known the Howard County Bank. with capital of and surplus of The plan was drawn up by 25 per cent in interest. of under the terms of the emergency banking act. The Washington Trust Company was taken by the Central Trust Company of Frederick branch few months the closing of the Central Trust Company in September. 1931. Subsequently the court Frederick the bank back in its original independent status and made the Bank Commissioner receiver on December 1933. JOINS MARINES William Ecker. of New Windsor. graduate of the Liberty High School. was recently enlisted the United States Marine Corps. by Major Frederick Hoyt. Marine Corps. officer in charge of recruiting. at the new postoface building. Baltimore. and transferred to the marine racks. Parris Island, for his miltraining preliminary to transfer to one of the stations of the marines.