First National Bank - Parkton, MD

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 9444
Charter Number: 9444
Start Date: December 1, 1933
Location: Parkton, Maryland (39.641, -76.659)

Metadata

Model: gpt-5-mini
Short Digest: 190ef1db

Response Measures

None

Description

Article (Evening Star, 1933-12-12) lists First National Bank of Hancock, Md., among national banks restored to full operation in early December 1933 after being in the hands of conservators with frozen deposits. No run is described; the bank was under conservatorship (government action) and then reopened (Dec 1-9 period).

Events (4)

1. June 15, 1909 Chartered

Source: historical_nic

2. December 1, 1933 Reopening

Newspaper Excerpt: Among the reopened banks are the First National Ban': of Hancock, Md., with frozen deposits of $486,000 and unrestricted deposits of $28,000.
Source: newspapers

3. February 12, 1934 Voluntary Liquidation

Source: historical_nic

4. * Suspension

Cause: Government Action
Cause Details: Placed in hands of conservators; deposits frozen prior to December 1933 and operations suspended by conservatorship/government action.
Newspaper Excerpt: had been in the hands of conservators and were issued licenses to resume business
Source: newspapers

Newspaper Articles (1)

1. December 12, 1933 Evening Star Washington, DC

Article from Evening Star, December 12, 1933

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Article Text

21 BANKS RESTORED TO FULL OPERATION National Institutions With $16,559,000 Deposits Open December 1-9. By the Associated Press. During the first nine days of December 21 national banks, with deposits of $16,559,000, were restored to full-time operation, it was announced by the Treasury. Twenty of the banks, with $13,615,000 of frozen and $708,000 of unrestricted deposits, had been in the hands of conservators and were issued licenses to resume business or were granted charters for new banks. One charter was issued to a new national bank to take over $2,236,000 of frozen deposits of a bank in receivership. Among the reopened banks are the First National Ban': of Hancock, Md., with frozen deposits of $486,000 and unrestricted deposits of $28,000, and the First National Bank of Parkton, Md., with $804,000 frozen deposits and $6,000 unrestricted deposits. Reorganization plans were approved for eight national banks, including the Citizens' Natioal Bank of New Market, Va., with $173,000 frozen and $7,000 unrestricted deposits.