American Bank - Hallowell, ME

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 9, 1873
Location: Hallowell, Maine (44.286, -69.791)

Metadata

Model: gpt-5-mini
Short Digest: fa611448

Response Measures

None

Description

Article (Daily Kennebec Journal, 1873-07-09) reports the bill in equity of the Receivers of the American Bank, Hallowell, indicating the bank was in receivership (closed) by this date. No mention of a depositor run in the provided text; therefore classified as a suspension leading to closure/receivership.

Events (1)

1. July 9, 1873 Receivership

Newspaper Excerpt: We learn that the bill in equity of the Receivers of the American Bank, Hallowell, against the stockholders, was argued at the recent law term of the Supreme Judicial Court in this city, on demurrer of some of the defendants.
Source: newspapers

Newspaper Articles (1)

1. July 9, 1873 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, July 9, 1873

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Article Text

We learn that the bill in equity of the Receivers of the American Bank, Hallowell, against the stockholders, was argued at the recent law term of the Supreme Judicial Court in this city, on demurrer of some of the defendants. The court has not announced its decisions.