8556. Middletown Savings Bank (Middletown, MD)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
savings bank
Start Date
October 8, 1931
Location
Middletown, Maryland (39.440, -77.536)

Metadata

Model
gpt-5-mini
Short Digest
55bb81aa

Response Measures

None

Description

The bank failed to open and was taken into the custody of the State Bank Commissioner on 1931-10-08 (suspension by government action). A subsequent article from Aug 1932 lists Middletown Savings Bank among institutions that have reopened, indicating it resumed operations. No explicit run is mentioned in the provided articles.

Events (2)
1. October 8, 1931 Suspension
Cause
Government Action
Cause Details
Failed to open doors and was placed in the hands of the State Bank Commissioner (state takeover/suspension).
Newspaper Excerpt
The Middletown Savings Bank today is in the hands of State Bank Commissioner George W. Page, after having failed to open its doors yesterday.
Source
newspapers
2. August 13, 1932 Reopening
Newspaper Excerpt
Ten of the eighteen ... Middletown Savings Bank ... have reopened their doors; ... August 13 dispatch listing banks that have reopened in 1932.
Source
newspapers

Newspaper Articles (2)
1. October 8, 1931 The Washington Times Washington, DC
Article from The Washington Times, October 8, 1931

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Article Text

Maryland Town Now Without Bank MIDDLETOWN, Md., Oct. 8. The Middletown Savings Bank today is in the hands of State Bank Commissioner George W. Page, after having failed to open its doors yesterday. According to its last statement the bank had total resources of $1,041,443 and deposits of $861,940. The closing of the bank left the town without banking facilities, the Valley Savings Bank having been placed in the hands of receivers September 3.

2. August 14, 1932 Evening star Washington, DC
Article from Evening star, August 14, 1932

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Article Text

TEN MARYLAND BANKS HAVE NOW REOPENED Only Eight Institutions in State Are Now Reopening Planned. Special Dispatch The BALTIMORE, August 13.-Ten of the eighteen their 1931, have eleventh pected September according to officials the State bank commissioner's office. for another its doors have reopened are: State Trappe, opened branch the Farmers Merchants' Commercial Bank of Frederick, Hancock Bank. Middletown Savings Bank, Provident Bank Preston, Farmers' Bank Somerset County Marion Station The tember the Savings at Williamsport.