Second National Bank - Bel Air, MD

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3933
Charter Number: 3933
Start Date: November 3, 1933
Location: Bel Air, Maryland (39.535, -76.346)

Metadata

Model: gpt-5-mini
Short Digest: 22d38f06

Response Measures

None

Receivership Details

Depositor recovery rate: 96.3%
Date receivership started: 1933-10-11
Date receivership terminated: 1938-08-31
Share of assets assessed as good: 69.2%
Share of assets assessed as doubtful: 27.9%
Share of assets assessed as worthless: 2.9%

Description

Article (The Midland Journal, 1933-11-03) reports the Treasury Department appointed a receiver to wind up the Farmers & Merchants National Bank of Bel Air. No run is mentioned; action is government-initiated receivership/closure.

Events (4)

1. October 22, 1888 Chartered

Source: historical_nic

2. October 11, 1933 Receivership

Source: historical_nic

3. November 3, 1933 Receivership

Newspaper Excerpt: Major Robert H. Archer has been appointed receiver for both the Second National Bank and the Farmers and Merchants National Bank, of Bel Air. This action was taken by the Treasury Department for the purpose of winding up the affairs of these two institutions.
Source: newspapers

4. November 3, 1933 Suspension

Cause: Government Action
Cause Details: Treasury Department action to wind up affairs; conservators had been in place prior to appointment of receiver.
Newspaper Excerpt: APPOINTED RECEIVER FOR BEL AIR BANKS ... Major Robert H. Archer has been appointed receiver for both the Second National Bank and the Farmers and Merchants National Bank, of Bel Air. This action was taken by the Treasury Department for the purpose of winding up the affairs of these two institutions.
Source: newspapers

Newspaper Articles (1)

1. November 3, 1933 The Midland Journal Rising Sun, MD

Article from The Midland Journal, November 3, 1933

Click image to open full size in new tab

Article Text

APPOINTED RECEIVER FOR BEL AIR BANKS Major Robert H. Archer has been appointed receiver for both the Second National Bank and the Farmers and Merchants National Bank, of Bel Air. This action was taken by the Treasury Department for the purpose of winding up the affairs of these two institutions. Major Archer had been acting as conservator of the Second National Bank, and Howard S. O'Neill, as conservator of the Farmers and Merchants National Bank.