Grafton Bank - Grafton, MA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 27, 1892
Location: Grafton, Massachusetts (42.207, -71.686)

Metadata

Model: gpt-5-mini
Short Digest: 824d3928

Response Measures

None

Description

Article (Providence News, 1892-06-28) reports Grafton Bank had been suspended some time ago and was opened yesterday under Cashier Starr and a new board after the national bank examiner turned the bank over to the new board. No run is mentioned; sequence is suspension then reopening. Date for reopening inferred as 1892-06-27 (yesterday relative to publication date).

Events (2)

1. June 27, 1892 Reopening

Newspaper Excerpt: The Grafton bank ... was opened yesterday in charge of Cashier Starr of Spencer, and all outside claims and deposits will be settled. The national bank examiner, Jeremiah Gatchell, has turned the bank over to the new board of directors.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Previously suspended and placed under oversight of the national bank examiner (implying official intervention).
Newspaper Excerpt: The Grafton bank, which was suspended some time ago,
Source: newspapers

Newspaper Articles (1)

1. June 28, 1892 The Providence News Providence, RI

Article from The Providence News, June 28, 1892

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Article Text

Grafton Bank Opened. WORCESTER, Mass., June 28.-The Grafton bank, which was suspended some time ago, was opened yesterday in charge of Cashier Starr of Spencer, and all outside claims and deposits will besettled. It is expected that the bank will soon be removed to Spencer. The stockholders elected a new board of directors on Saturday as follows: Isaac Prouty, Erastus Jones, David Prouty, Richard Sugden and Frank A. Drury, the latter cashier of the Spencer National Bank. The national bank examiner, Jeremiah Gatchell, has turned the bank over to the new board of directors.