Lawrence Savings Bank - Lawrence, MA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: April 4, 1878
Location: Lawrence, Massachusetts (42.707, -71.163)

Metadata

Model: gpt-5-mini
Short Digest: a22f328d

Response Measures

None

Description

Two contemporary newspaper briefs (Apr 1878) report that the Lawrence (Mass.) Savings Bank have suspended. No mention of a depositor run, reopening, receivership, or takeover appears in the provided snippets. The episode therefore shows a suspension with no reported run; lacking evidence of reopening, I classify it as suspension_closure but note the permanent closure/receiver assignment is not explicitly stated in the articles.

Events (1)

1. April 4, 1878 Suspension

Cause Details: Contemporary brief notice only states the bank have suspended; no cause given in the article.
Newspaper Excerpt: The Six-Penny Savings Bank, of New York, and the Lawrence (Mass.) Savings Bank have suspended.
Source: newspapers

Newspaper Articles (2)

1. April 4, 1878 The Kenosha Telegraph Kenosha, WI

Article from The Kenosha Telegraph, April 4, 1878

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Article Text

DOMESTIC INTELLIGENCE. 38 East. A fire in Canal and Howard streets, New York, last week, destroyed half a million dollars' worth of property. abashi VILAM Lockwood, Brooks & Co., book publishers, Boston, have suspended. Liabilities, $120,000. By a decision of Judge Blatchford, of New York, the suit instituted by the Government against Gov. Tilden for the recovery of back income tax will be tried before a jury. The Six-Penny Savings Bank, of New York, and the Lawrence (Mass.) Savings Bank have suspended. The Pennsylvania Legislature has expelled a member named Bullard for embezzling trust funds. Mr. and Mrs. Theodore Tilton have agreed to live together again, and let bygones be bygones. Thomas P. Fisher, another of the convicted Mollie Maguires, was hanged at Mauch Chunk, Pa., last week.

2. April 5, 1878 The True Northerner Paw Paw, MI

Article from The True Northerner, April 5, 1878

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Article Text

DOMESTIC INTELLIGENCE. East. A fire in Canal and Howard streets, New York, last week, destroyed half a million dollars' worth of property. Lockwood, Brooks & Co., book publishers, Boston, have suspended. Liabilities, $120,000. By a decision of Judge Blatchford, of New York, the suit instituted by the Government against Gov. Tilden for the recovery of back income tax will be tried before a jury. The Six-Penny Savings Bank, of New York, and the Lawrence (Mass.) Savings Bank have suspended. The Pennsylvania Legislature has expelled a member named Bullard for embezzling trust funds. Mr. and Mrs. Theodore Tilton have agreed to live together again, and let bygones be bygones. Thomas P. Fisher, another of the convicted Mollie Maguires, was hanged at Mauch Chunk, Pa., last week.