Southern Maryland Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: November 24, 1939
Location: Seat Pleasant, Maryland (38.896, -76.907)

Metadata

Model: gpt-5-mini
Short Digest: cba6f73c

Response Measures

None

Description

The article (Evening Star, 1939-11-24) reports the State Bank Commissioner acting as receiver and making a payment to depositors, indicating the institution had been closed and placed in receivership. No articles describing a prior run were provided.

Events (1)

1. November 24, 1939 Receivership

Newspaper Excerpt: Depositors in the Southern Maryland Trust Co. of Seat Pleasant, Md., are to receive a payment of $33,355.56, State Bank Commissioner John W. Downing, receiver for the institution, announced yesterday.
Source: newspapers

Newspaper Articles (1)

1. November 24, 1939 Evening Star Washington, DC

Article from Evening Star, November 24, 1939

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Article Text

Bank at Seat Pleasant To Pay Out 25% More Depositors in the Southern Maryland Trust Co. of Seat Pleasant, Md., are to receive a payment of $33,355.56, State Bank Commissioner John W. Downing, receiver for the institution, announced yesterday, according to an Associated Press dispatch from Baltimore. The payment, which amounts to