Smithsburg Bank - Smithsburg, MD

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 1, 1932*
Location: Smithsburg, Maryland (39.655, -77.573)

Metadata

Model: gpt-5-mini
Short Digest: 49c21817

Response Measures

None

Description

Article (Nov 26, 1932) states the Smithsburg Bank had closed and merged with the Central Trust Company; depositors and stockholders have filed suits. No mention of a depositor run in the excerpt. Closure appears permanent/taken over by another institution.

Events (2)

1. November 1, 1932* Suspension

Cause Details: Article mentions a merger with the Central Trust Company and the closing of the institution; no specific cause given (likely failure/merger).
Newspaper Excerpt: Since the closing of the institution, about 100 stockholders and depositors, representing $66,000 worth of deposits, have filed suits asking for the return of the assets.
Source: newspapers

2. November 26, 1932 Other

Newspaper Excerpt: The depositors which were in the Smithsburg bank at the time of the merger with the Central Trust Company amounted to about $417,000.
Source: newspapers

Newspaper Articles (1)

1. November 26, 1932 The Daily Mail Hagerstown, MD

Article from The Daily Mail, November 26, 1932

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Article Text

case today proceeded before Judges Urner and Willard. The depositors which were in the Smithsburg bank at the time of the merger with the Central Trust Company amounted to about $417,000. Since the closing of the insti tution, about 100 stockholders and depositors, representing $66,000 worth of deposits, have filed suits asking for the return of the assets.