Savings Bank - Williamsport, MD

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: October 1, 1931*
Location: Williamsport, Maryland (39.601, -77.821)

Metadata

Model: gpt-5-mini
Short Digest: ae2ce202

Response Measures

None

Description

Article (Daily Mail, Hagerstown MD, 1932-08-26) describes the Savings Bank of Williamsport having been closed in October (previous year) and reopening after ten months. No run or depositor panic is mentioned. Dates inferred from publication date: reopening celebrated 1932-08-25; closure approximately October 1931. OCR errors in text (missing words) corrected when extracting snippets.

Events (2)

1. October 1, 1931* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank had been closed and underwent a reorganization plan handled by a reorganization committee and stockholders to restore the bank's standing (indicates prior insolvency/financial trouble).
Newspaper Excerpt: bank closed October last
Source: newspapers

2. August 25, 1932 Reopening

Newspaper Excerpt: celebrate the reopening of the bank yesterday ... It was announced that business at the bank yesterday was of most encouraging nature ... reopened after ten months of intensive effort on the part of the reorganization committee and other officials
Source: newspapers

Newspaper Articles (1)

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

Article from The Daily Mail, August 26, 1932

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Article Text

DINNER BANK OPENING Robert H. McCauley Host At Pleasant Affair Williamsport Last Night Making promise of several months H. director of the Sav ings Bank of Williamsport. entertained the officers. directors and employes of the bank at dinner Murrays last night to celebrate the reopening of the bank yesterday. chicken dinner, for which the place served at o'clock. Informal talks made by the host. Sr., Dr. Richardson and Elmer Eshleman, the new cashier. who has had fifseen years experience in the bank. ing business Waynesboro. The talks reflected the confidence the speakers feel in the stability of the bank and its future. and regarding the co-operation the steering committee received from the depositors and stockholders in effecting the reorganization plan to restore the bank factor in the town and It was announced that business at the bank yesterday was of most encouraging nature. which added to the of e occasion. bank closed October last. and reopened after ten months of Intensive effort on the part of the reorganization committee and other officials, with helpful co-operation from the pub-