Biddeford Bank - Biddeford, ME

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 14, 1911
Location: Biddeford, Maine (43.493, -70.453)

Metadata

Model: gpt-5-mini
Short Digest: 11bfa2ea

Response Measures

None

Description

Article reports that irregularities by the bank treasurer (Ingersoll) caused closing of the bank and he received a two-year sentence. No run is mentioned; this is a bank-specific adverse-information closure. Date taken from the article headline week: Jan 14, 1911.

Events (1)

1. January 14, 1911 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Treasurer Ingersoll committed irregularities that led to the bank's closing and his two-year sentence.
Newspaper Excerpt: Two year sentence for Ingersoll, Biddeford Bank treasurer whose irregularities caused closing of the bank.
Source: newspapers

Newspaper Articles (1)

1. January 19, 1911 The Independent-Reporter Skowhegan, ME

Article from The Independent-Reporter, January 19, 1911

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Article Text

THE WEEK'S HEADLINES THURSDAY, JANUARY 12 Annual meeting of Maine Bar Association at Augusta, Jan. 11.-Death in Denver of U. S. Senator Hughes.Figures of Maine's Municipalities of over 5000 show Waterville prize city for growth. FRIDAY, JANUARY 13 Convinced of Captain Peary's achievement; House committee in favor of reward of explorer; bill reported by unanimous vote; Roberts and Macon who opposed making pole discoverer Real Admiral, were not present.-Buffalo special wrecked; train from Boston struck by one following four dead and twelve injured; blame placed on N. Y. Central engineer, said to have run past signals. SATURDAY, JANUARY 14 Violent quake in Kebery, Russia; bodies of 204 victims taken from ruins of the fallen buildings.-Two year sentence for Ingersoll, Biddeford Bank treasurer whose irregularities caused closing of the bank.-Congress asked for $5,000,000 for canal fortifications. MONDAY, JANUARY 16 German baloonists die in lake in Pomerania.-Factory in ashes; $100,000 fire loss in Plymouth, N. H. today, other property was threatened.-Utter failure; Gloucester herring fishermen face losses; owing to fish shunning their usual grounds; New Foundland fishermen lucky and will reap a harvest. TUESDAY, JANUARY 17 Stored goods will take sharp drop; Speculators are being badly squeezed and will disgorge at a heavy loss. -Telephone now can just talk to you, all you have to do is to sit down and listen to what it says; invention to keep telephone busy in dull hours.Important bills presented in both branches of legislature Monday; Water power scheme being thoroughly probed. f WEDNESDAY, JANUARY 18. Deputy shot but he kills assailant; deputy sheriff J. S. Ballou pluckily goes single handed after prisoner rescued Tuesday by Italians at Topsham; shot through face mortally wounds man; Ballou expected to recover; affair result of raid by Rev. H. N. Pringle.-Apportionment amendment for adjustment of decennial problem; Crumpacker-Burleigh e bill winning favor, may not be opposed; gives Maine four congressmen and opens redistricting question.