F. H. Smith Company - Washington, DC

Episode Information

Episode UID: 7926584491549
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 792658449 hash
Start Date: January 1, 1929*
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 20f240bf1fdbbcf3

Response Measures

None

Description

The F. H. Smith Co. was an investment/financing firm rather than a traditional commercial bank, but it is described as being in receivership.

Events (2)

1. January 1, 1929* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Officers and directors were indicted for using the mails to defraud.
Newspaper Excerpt: A number of officers and directors of the F. H. Smith Co. were indicted to the District of Columbia late last year on charges of using the mails to defraud.
Source: newspapers

2. June 4, 1930 Receivership

Newspaper Excerpt: the F. H. Smith Co. of Washington, D. C., now in receivership.
Source: newspapers

Newspaper Articles (1)

1. June 5, 1930 Evening Star Washington, DC

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Article Text

PITTSBURGH SUIT ATTACKS SMITH CO. Trustee to Be Named for Building Originally Financed by Firm. By the Associated Press. PITTSBURGH, Pa., June 5.-Agreement to name a temporary trustee for the creditors was made yesterday following arguments here before Federal Judge F. P. Schoonmaker on a petition for a receivership for two Pittsburgh buildings which were originally financed by the F. H. Smith Co. of Washington, D. C., now in receivership. The trustee will be made known later. The receivership action was started by bondholders who claimed the amount of bonds issued in connection with the financing of the two structures recently completed exceeded the value of the building. This contention was contested by the operating concerns. The F. H. Smith Co., which formerly had its main office in New York, is no Bonger depository for the bonds, which are held temporarily by the Pennsylvania Trust Co. here. The Smith concern resigned as depository, A number of officers and directors of the F. H. Smith Co. were indicted to the District of Columbia late last year on charges of using the mails to defraud. These men resigned. The Pittsburgh case is one of a number of actions that have grown out of the Smith company's operations in different parts of the country.