Peoples Savings Bank - Baltimore, MD

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: October 24, 1906
Location: Baltimore, Maryland (39.290, -76.612)

Metadata

Model: gpt-5-mini
Short Digest: 8d38dc46

Response Measures

None

Description

Article states the bank was closed by the Comptroller on October 24 and a receiver appointed; later (Nov 24, 1906) the receiver had sufficient funds to pay depositors in full. No mention of a depositor run. OCR shows some names garbled (e.g., 'Andrew Cartroller' -> likely 'Comptroller'). Bank charter type not clear from text, so set to unknown.

Events (3)

1. October 24, 1906 Suspension

Cause: Government Action
Cause Details: Closed by the Comptroller (regulatory action) and placed in receivership
Newspaper Excerpt: the People's Savings bank of this city, which was closed by the Comptroller, October 24 last
Source: newspapers

2. November 24, 1906 Receivership

Newspaper Excerpt: the receiver of the People's Savings bank ... had been placed in possession of sufficient funds to pay all depositors and creditors in full .
Source: newspapers

3. * Other

Newspaper Excerpt: Closed Bank to Pay in Full. (headline) — indicates subsequent payment to depositors; not a separate event type beyond receivership
Source: newspapers

Newspaper Articles (1)

1. November 26, 1906 The Salt Lake Tribune Salt Lake City, UT

Article from The Salt Lake Tribune, November 26, 1906

Click image to open full size in new tab

Article Text

Closed Bank to Pay in Full. BALTIMORE, Nov. 24.-Andrew Cartroller of the Currency today announced that the receiver of the People's Savings bank of this city, which was closed by the Comptroller, October 24 last, had been placed in possession of sufficient funds to pay all depositors and creditors in full.