Harford Bank - Bel Air, MD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 29, 1939
Location: Bel Air, Maryland (39.535, -76.346)

Metadata

Model: gpt-5-mini
Short Digest: c7a8bfb6

Response Measures

None

Description

Article (Dec 29, 1939) states the State Banking Commissioner is receiver for Harford Bank, indicating the bank had been placed in receivership (closed) by government action. No run is mentioned in the provided text.

Events (2)

1. December 29, 1939 Receivership

Newspaper Excerpt: the State Banking Commissioner, receiver for the Harford Bank, of Bel Air. John W. Downing, State Banking Commissioner, protested what he described as excessive fees in receivership cases and filed a petition with the Circuit Court ... (Midland Journal, 1939-12-29). (article notes counsel fee for receiver's attorney).
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank placed in receivership by the State Banking Commissioner (government action).
Newspaper Excerpt: receiver for the Harford Bank, of Bel Air.
Source: newspapers

Newspaper Articles (1)

1. December 29, 1939 The Midland Journal Rising Sun, MD

Article from The Midland Journal, December 29, 1939

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Article Text

Court Grants Counsel Fee The Circuit Court of Harford County has granted a counsel fee of $8,500 to Micheal W. Fahey, of Bel Air, for his services as attorney for the State Banking Commissioner, receiver for the Harford Bank, of Bel Air. John W. Downing, State Banking Commissioner, protested what he described as "excessive fees" in receivership cases and filed a petition with the Circuit Court in which he stated that $2,500 would be adequate compensation for Mr. Fahey.