8290. American Bank (Baltimore, MD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 27, 1900
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
35980c05

Response Measures

None

Description

Articles (Dec 27–28, 1900) report a temporary receiver appointed for the American Bank of Baltimore and refer to receivers for the Old Town Bank. No article describes a depositor run on the American Bank specifically. The appointment of a receiver indicates suspension and likely closure/receivership.

Events (2)

1. December 27, 1900 Receivership
Newspaper Excerpt
A temporary receiver has been appappointed for the American bank of Baltimore.
Source
newspapers
2. December 27, 1900 Suspension
Cause
Government Action
Cause Details
Court-appointed temporary receiver placed in charge of the bank (legal/government intervention).
Newspaper Excerpt
A temporary receiver has been appappointed for the American bank of Baltimore.
Source
newspapers

Newspaper Articles (2)

Article from The News-Herald, December 27, 1900

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Article Text

SATURDAY. Ex-Congressman John H. Brewer, of New Jersey, is dead. Ex-Gov. Wolcott died at his home in Boston of typhoid fever. New York gambling houses are to be closed until further notice. A temporary receiver has been apappointed for the American bank of Baltimore.


Article from The Savannah Morning News, December 28, 1900

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Article Text

RUN ON BALTIMORE'S BANKS. Bank Depositors, Seared by Recent Failures, Withdraw Their Money From Savings Banks. Bakimore, Dec. 27.-A scare among timid depositors of the several savings banks of the city resulted to-day from the failure on Wednesday of the Old Town Bank. Runs occurred on nearly all the savings institutions, but the most noticeable were upon the Savings Bank of Baltimore, the City Savings Bank and the Hopkins Place Savings Bank. Crows of people were assembled upon the sidewalks in the vicinity of these banks long before bank hours this morning, and in each case the doors were opened before the usual hour, in order to accommodate those who wished to withdraw their deposits. In every case the claims were promptly 801isfied. President Conkling of the Savings Bank of Baltimore said that 617 payments had been made during the day: 330 accounts closed. and the bank paid out $141,521. Deposits amounted to about $20,000. One hundred and thirty accounts amounting to $44,855 were closed at the City Savings Bank. At the Hopkins, which remained open for business until nearly nightfall, $50.(hri) in round numbers were paid to depositors. In no case were the doors closed until all had been accommodated. It is possible that the excitement among the smaller depositors will be continued tomorrow, but bank officials assert that they are prepared for a continued draft upon their treasuries. Judge Stockbridge to-day appointed J. B. Ramsey co-receiver, to represent the court, of the Old Town Bank. A third receiver will be named on Monday. Neither the American nor Old Town Bank receivers have completed a statement of the condition of the property they represent.