Baltimore County Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 1, 1933*
Location: Towson, Maryland (39.401, -76.602)

Metadata

Model: gpt-5-mini
Short Digest: fed27a77

Response Measures

None

Description

The article states the Baltimore County Bank (Towson) had been operating under restrictions since the March 1933 banking holiday and was reorganized with new banks formed April 12; the old Baltimore County Bank is being liquidated. This indicates a prior suspension/restriction (government action) followed by permanent closure/liquidation. Dates taken from article (restrictions since March 1933; reorganization/new banks April 12, 1934). OCR errors corrected (e.g., 'Chap46' -> Chapter 46; 'Parkville Parkville' duplication ignored).

Events (3)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Operating under restrictions imposed after the March 1933 banking holiday under Maryland emergency banking legislation.
Newspaper Excerpt: Prior to reorganization, these banks, with the exception of the Central Trust, had been operating since the banking holiday March, 1933, under restrictions, provided under Chap46 of the Maryland emergency banking
Source: newspapers

2. April 12, 1934 Other

Newspaper Excerpt: The Baltimore County Bank was reorganized and new banks were formed April 12. The three new banks are the Bank of Baltimore County, Towson; the Randallstown Bank, Randallstown, and the White Hall Bank, White Hall. The old Baltimore County Bank is being liquidated.
Source: newspapers

3. April 12, 1934 Receivership

Newspaper Excerpt: The old Baltimore County Bank is being liquidated.
Source: newspapers

Newspaper Articles (1)

1. October 25, 1934 The Baltimore Sun Baltimore, MD

Article from The Baltimore Sun, October 25, 1934

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Article Text

NEW BANKS NOW FUNCTION COUNTIES organization Of Half Dozen Institutions OTHER CONCERNS STILL RESTRICTED Two Of These Are Expected To Reopen In Near Future This the second of three articles by Mr. Armstrong, financial editor of The Sun, dealing with the State banking situation. By Completing plans of reorganization the current fiscal year of the banking department which started February twelve reorganized banks located in the counties of Maryland again performing normal functions in their communities. These banks are outgrowths of the of the Baltimore County Bank, Towson: the Central Trust Company. Frederick: the Lonaconing Savings Bank. Lonaconing: the Citizens Bank, Keedysville; the Middletown Bank, Middletown, and the Parkville Parkville. Operated Under Restrictions Prior to reorganization. these banks, with the exception of the Central Trust, had been operating since the banking holiday March. 1933. under restrictions. provided under Chap46 of the Maryland emergency banking The Baltimore County Bank was reorganized and new banks were formed April 12. The three new banks are the Bank of Baltimore County, Towson; the Randallstown Bank, Randallstown. and the White Hall Bank, White Hall. The old Baltimore County Bank is being liquidated. Five New Banks Formed plan for reorganization of the Central Trust Company of Maryland, Frederick, was approved and made operative August Five banks were formed-the Western Maryland Trust Company, Frederick; Valley State Bank, Midthe Sykesville State Bank, the Walkersville Bank and the PoolesBank. The receiver for the Central Trust Company, time of reorganization, released six per cent. deposits to those assenting to the plan Continued on Page Column