Granite State Provident Association

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 24, 1896
Location: Portland, Maine (43.661, -70.255)

Metadata

Model: gpt-5-mini
Short Digest: 1b19e975

Response Measures

None

Description

Articles show a receiver was appointed April 24, 1896 and accepted trust May 1, 1896; later petitions (1896–1898) concern adjustment and distribution of assets. No run is mentioned. Classified as suspension leading to permanent closure/receivership (suspension_closure).

Events (4)

1. April 24, 1896 Suspension

Cause: Government Action
Cause Details: Court appointed a receiver for the association on April 24, 1896 (judicial action leading to suspension)
Newspaper Excerpt: That on the 24th day of April, 1896, Henry B. Cleaves, of Portland, in the County of Cumberland, was appointed by said Court receiver of said defendant
Source: newspapers

2. May 1, 1896 Receivership

Newspaper Excerpt: That said Henry B. Cleaves on the first day of May, 1896, accepted said trust and qualified and entered upon the discharge of his duties as such receiver; Upon information and belief that said defendant was ... owing and indebted to residents of this State in large sums of money, to wit: four hundred and fifty thousand dollars; Upon information and belief that the said Henry B. Cleaves as receiver afore: said has reduced to, and still holds in his possession, a large amount of the said assets of said defendant, located and deposited within this State, to wit, the sum of sixty-five thousand dollars.
Source: newspapers

3. August 22, 1896 Other

Newspaper Excerpt: Petition having been filed by the Receiver of said Association asking for instructions and authority as to the adjustment and settlement of certain mortgages on real estate ... now in the possession of said Receiver. ... notify all persons interested ... on or before ten o'clock ... Saturday the twenty-second day of August A. D. 1896
Source: newspapers

4. June 1, 1898* Other

Newspaper Excerpt: GRANITE STATE PROVIDENT. Petition for Distribution Filed With Clerk of Courts. This petition for distribution has been filed with the Clerk of Courts, and made returnable at the June rules; ... Fremont E. Timberlake, bank examiner, vs. Granite State Provident Association. ... prays that the said Henry B. Cleaves, receiver as aforesaid, be ordered and directed to make such partial distribution of the said assets of said defendant in his hands and possession to the residents of this State
Source: newspapers

Newspaper Articles (4)

1. August 17, 1896 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, August 17, 1896

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Article Text

STATE OF MAINE. CUMBERLAND, SS: Supreme Judicial Court in Equity. August 15th, A. D. 1896. Fremont E. Timberlake, Bank Examiner, in Eq. vs. Granite State Provident Association. Petition having been filed by the Receiver of said Association asking for instructions and authority as to the adjustment and settlement of certain mortgages on real estate situated in this State, held and owned by said Association, and now in the possession of said Receiver. Itis Ordered, That the Petitioner notify all persons interested and desiring to be heard thereon, or having objections thereto, to signify to the Court their desire to be heard, or file their objections, on or before ten o'clock in the forenoon of Saturday the twenty-second day of August A. D. 1896, by publishing an attested copy of this order in the Portland Daily Press for five successive days previous to Saturday,: "Aug. 22nd, A. D. 1896, aforesaid. Attest: B.C. STONE, Clerk. A true Copy of Order, Attest: B. C. STONE, Clerk. aug17d5t

2. August 19, 1896 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, August 19, 1896

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Article Text

# STATE OF MAINE. CUMBERLAND, SS: Supreme Judicial Court in Equity. August 15th, A. D. 1896. Fremont E. Timberlake, Bank Examin- er, in Eq. vs. Granite State Provident As- sociation. Petition having been filed by the Receiver of said Association asking for instructions and authority as to the adjustment and set- tlement of certain mortgages on real estate situated in this State, held and owned by said Association, and now in the possession of said Receiver. It is Ordered, That the Petitioner notify all persons interested and desiring to be heard thereon, or having objections thereto, to signify to the Court their desire to be heard, or file their objections, on or before ten o'clock in the forenoon of Saturday the twenty-second day of August A. D. 1896, by publishing an attested copy of this order in the Portland Daily Press for five successive days previous to Saturday, Aug. 22nd. A. D. 1896, aforesaid. Attest: B. C. STONE, Clerk. A true Copy of Order, Attest: B. C. STONE, Clerk, aug17d5t

3. August 21, 1896 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, August 21, 1896

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Article Text

STATE OF MAINE. CUMBERLAND, SS: Supreme Judicial Court in Equity. August 15th, A. D. 1896. Fremont E. Timberlake, Bank Examiner, in Eq. vs. Granite State Provident Association. Petition having been filed by the Receiver of said Association asking for instructions and authority as to the adjustment and settlement of certain mortgages on real estate situated in this State, held and owned by said Association, and now in the possession of said Receiver. Itis Ordered, That the Petitioner notify all persons interested and desiring to be heard thereon. or having objections thereto, to signify to the Court their desire to be heard, or file their objections, on or before ten o'clock in the forenoon of Saturday the twenty-second day of August A. D. 1896, by publishing an attested copy of this order in the Portland Daily Press for five successive days previous to Saturday, Aug. 22nd. A. D. 1896, aforesaid. Attest: B.C. STONE, Clerk. A true Copy of Order, Attest: B. C. STONE, Clerk, aug17d5t

4. May 13, 1898 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, May 13, 1898

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Article Text

GRANITE STATE PROVIDENT. Petition for Distribution Filed With Clerk of Courts. This retition for distribution has been filed with the Clerk of Courts, and made returnable at the June rules; the first 1 Tuesday: Supreme Judicial Court in Equity9 Cumberland ss.-Fremont E. Timberlake, bank examiner, vs. Granite State Provident Association. 1 And now comes Fremont E. Timberlake, bank examiner, plaintiff aforesaid, 1 and alleges: That on the 24th day of April, 1896, Henry B. Cleaves, of Portland, in the County of Cumberland, was appointed by said Court receiver of said defendant to take possession of all the as sets of said defendant located and depos1 ited within the State of Maine, except a certain deposit in the State Treasury; That said Henry B. Cleaves on the first day of May, 1896, accepted said trust and qualified and entered upon the discharge of his duties as such receiver; Upon information and belief that said defendant was, on said first day of May, 1896, and still is, owing and indebted to residents of this State in large sums of money, to wit: four hundred and fifty thousand dollars; Upon information and belief that said ; residents of this State have proved their claims against said defendant before Henry W. Swasey of said Portland, the master heretofore appointed to take proof ) of debts of residents of this State against said defendant; Upon information and belief that the said Henry B. Cleaves as receiver afore: said has reduced to, and still holds in his possession, a large amount of the said assets of said defendant, located and deposited within this State, to wit, the sum of sixty-tive thousand dollars. Wherefore your petitioner prays that the said Henry B. Cleaves, receiver as aforesaid, be ordered and directed to make such partial distribution of the said assets of said defendant in his hands and possession to the residents of this State, who have proved their claims against said defendant as may to the Court seem meet. FREMONT E. TIMBERLAKE, Bank Examiner. By Drummond & Drummond, His Attorneys. Drummond & Drummond, Solicitors for Complainant.