First National Bank - Berlin, MD

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8319
Charter Number: 8319
Start Date: May 2, 1925
Location: Berlin, Maryland (38.323, -75.218)

Metadata

Model: gpt-5-mini
Short Digest: 09ac28fe

Response Measures

None

Description

Article (Worcester Democrat, 1925-05-02) records sale of the First National Bank of Berlin's banking house by an Exchange and Savings Bank to/from a Liquidating Committee, indicating the First National had been closed and its assets liquidated. No run is mentioned. Liquidating committee implies permanent closure/receivership rather than a temporary suspension.

Events (3)

1. August 6, 1906 Chartered

Source: historical_nic

2. December 17, 1918 Voluntary Liquidation

Source: historical_nic

3. May 2, 1925 Receivership

Newspaper Excerpt: Exchange and Savings Bank of Berlin, Md., from John D. Henry, Wm. L. Holloway and Herman W. Merrill, Liquidating Committee, and another, the banking house property of the First National Bank of Berlin ... Consideration, $4100.
Source: newspapers

Newspaper Articles (1)

1. May 2, 1925 Worcester Democrat and the Ledger-Enterprise Pocomoke City, MD

Article from Worcester Democrat and the Ledger-Enterprise, May 2, 1925

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Article Text

Real Estate Transfers. Robert Short from Reginald V. Truitt, the "Geo. W .Truitt Home Place," containing 48 acres, more or less, at or near Box Iron. Consideration, $10, etc. John D. Ayres and James H. Ayres from Wm. B. S. Powell and wife and others, 3 lots on the North side of Ocean City. Consideration, $10, etc. Charles H. Clarke of George, from Frank W. Truitt and Marion E. Mumford, lot on St. Louis avenue, in Ocean City. Consideration, $10, etc. John Walter Smith, Safe Deposit & Trust Co., of Baltimore, Trustee, and Marion T. Hargis from Franklin Upshur, Trustee, wharf property on the Pocomoke river, in Snow Hill ,and lot adjoining. ConsiderationWilliam W. Gibbons from George D. Gibbons and wife, 55 acres of land, more or less, on the Northwest side of the County road leading from Holland's Church to Snow Hill, in the 7th Election district. Consideration, $10, etc. Howard L. White from Fred Holland Dewey and wife, real estate on the Westerly side of Philadelphia avenue, in Ocean City. Consideration, $10, etc. Claude F. Bassett from William C. Poole, real estate in or near Ocean City. Consideration, $10. Ella W. Howerton from Calvine Howerton, part of the Cellar House Farm," containing 3 acres, 3 roods & 15 perches, more or less, in Atkinson's Election district. Consideration, $10 ,etc. Exchange and Savings Bank of Berlin, Md., from John D. Henry, Wm. L .Holloway and Herman W. Merrill, Liquidating Committee, and another, the banking house property of the First National Bank of Berlin on the southeasterly side of Main st., and running thru to Bay street, in Berlin. Consideration, $4100. Joshua G. McCabe and Margaret Ann McCabe, his wife, from Severn W .Murray and wife, part of the "Fassitt Farm," containing 12.93 acres, more or less, in the 9th Election district. Consideration, $10, etc. Charles Herman Littleton from Charles H. Littleton, Sr., and wife, 20 acres of land, more or less, in the 5th Election district. Consideration, $100.