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.
7855. Charlestown Trust Company (Boston, MA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust company
- Start Date
- December 21, 1931
- Location
- Boston, Massachusetts (42.358, -71.060)
Metadata
- Model
- gpt-5-mini
- Short Digest
9c58cf86
Response Measures
None
Description
OCR errors in Article 1 corrected. Newspapers report Charlestown Trust Company failed (Dec 21, 1931) and was taken over by the State (Dec 22, 1931). No mention of depositor run; action appears to be a government takeover/receivership leading to permanent closure.
Events (2)
1.
December 21, 1931
Suspension
- Cause
- Government Action
- Cause Details
- Bank failed and was taken into custody/taken over by state authorities; failure reported by newspapers on Dec 21, 1931.
- 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 with deposits of today was taken over the State.
- Source
- newspapers
Newspaper Articles (2)
Click image to open full size in new tab
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 $