Lafayette Bank (Baltimore, MD)

Episode Information

Episode UID
6090023191464
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
609002319 hash
Start Date
December 17, 1921
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0e3ab592d59c1b5d

Response Measures

None

Events (2)

1. December 17, 1921 Receivership
Newspaper Excerpt
George W. Page, receiver for the insolvent bank, has asked permission of the circuit court to sell the property.
Source
newspapers
2. December 17, 1921 Suspension
Cause
Government Action
Cause Details
Closed by State Bank Commissioner George W. Page after inability to meet obligations and reserves below legal requirement.
Newspaper Excerpt
The Lafayette Bank, of Baltid more, recently suspended operations and is now in the hands of Commissioner Page.
Source
newspapers

Newspaper Articles (5)

Article from Democratic Messenger, December 17, 1921

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Article Text

WHITE HAVEN BANK SUSPENDS State Commissioner Closes Doors Of Institution In Wicomico County. Unable to meet its obligations and with its reserve below the legal requirement, the Bank of White Haven, in Wicomico County, closed its doors Wednesday by order of State Bank Commissioner George W. Page. Mr. Page left for White Haven Wednesday to take charge of its affairs as receiver under the State Banking act. State banking officials said the reserve was below the requirement of $3,000 and the bank had been unable to pay checks, but was impossible to tell whether there would be a loss to stockholders or depositors. An examination of the institution's books already has been begun by John J. Ghingher, Deputy Bank Commissioner. The bank was organized two years ago with a capitalization of $10,000. W. H. Dolby is president and Mark S. Dolby is cashier. The bank has $20,000 demand deposits, State banking officials said, and $9,000 in savings deposits. Its surplus is $1,900. W. H. Dolby said Wednesday night that the bank had never paid dividends. He expressed confidence that neither stockholders nor depositors would lose anything. The state of the bank's affairs will not be known, it is understood, until a thorough examination has been made. The institution is the second State bank to close its doors in the last few weeks. The Lafayette Bank, of Baltid more, recently suspended operations and is now in the hands of Commissioner Page. o


Article from Evening Star, February 3, 1923

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Article Text

D. C. FIRM PLANS HUGE BALTIMORE BUILDING BALTIMORE, February 3.-Plans for a twenty-story office building, to cost $2,000,000, on the site of the Lafayette State Bank structure, Calvert and Lexington streets, have been drawn by the William K. Hartung Company of Washington. George W. Page, receiver for the insolvent bank, has asked permission of the circuit court to sell the property. He said the Washington concern had made an offer of $179,000, which is almost $50,000 less than the amount originally paid by the bank, but that the upkeep is now costing the receivership more than $30 a day. The site, which is directly oppo-


Article from The Baltimore Sun, June 1, 1923

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Article Text

TWO VERDICTS RENDERED Claims Were Based On Services Rendered Before Receivership Was Granted. George W. Page, Bank Commissioner, receiver for the Lafayette Bank, won two victories yesterday for the depositors of the defunct bank. Judge Carroll T. Bond, in the Circuit Court, dismissed the entire claim of $20,000 filed by William Penrose for services rendered the bank before the receiver was appointed. The same judge, in the Baltimore City Court, gave a verdict of $13,000 against Mr. Penrose and H. Walter Ganster, Jr., because they had guaranteed a mortgage to the Lafayette Bank amounting to $27,000 on properties 102-104 South Charles street, which was foreclosed with a deficit of that amount. As to Mr. Penrose's $20,000 claim, Judge Bond decided that although he had rendered some service to the bank, principally to arrange loans in an "effort to salvage," still when he testified Mr. Page in both cases. Edwin T. Dickerson represented Mr. Penrose and George W. Lindsay appeared for Mr. Ganster. MAJOR J. M. TROUTT BETTER Georgian To Leave Local Hospital In Few Weeks. Major James M. Troutt, head of the medical corps of the Post Hospital at Fort Oglethorpe, Ga., who entered Johns Hopkins Hospital May 16 for a second operation for appendicitis, is improving rapidly and will be discharged within a few weeks, attendants said yesterday. Mrs. Troutt is at the hospital with him. Major Troutt served overseas during the war. He is prominent in Masonic activities in Georgia.


Article from Maryland Independent, June 8, 1923

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Article Text

SHORT CUTS IN STATE NEWS The Latest News From All Over the State HAPPENINGS OF THE WEEK Baltimore.- Frederick A. Dolfield, president of the Canton National Bank, was sworn in as City Register by Mayor Jackson and assumed office He was elected unanimously by the City Council. Hyattsville movement has been started to secure an athletic field for Hyattsville Committee from the Town Council, Snyder-Farmer Post No. 3, American Legion, and the Pierce Athletic Club of Hyattsville have been named to push the project. Frederick.-Frank Slifer, twenty one, near Middletown, convicted dur ing the February term of court for burning a barn on the farm of C. Gar field Crone, near Middletown was sen tenced to seven years in the Maryland Penitentiary by Judge Glenn H Worthington. Baltimore The class of 1907 went over the top in the Loyola College and High School campaign to raise $200,000 to build an Alumni Building at Evergreen. The class raised $60. 000 among 275 distributors. It was decided to continue the campaign through the month of June Baltimore Mayor Jackson was in Itlated into the Baltimore Forest, Tal Cedars of Lebanon. with 150 other can didates. The event was held at the Fourth Regiment Armory in celebra tion of the election of Archey C New as Junior Deputy Tall Cedar of the United States at the recent conven tion in Atlantic City. Baltimore Assets of the insolvent Lafayette Bank closed two years ago by order of the State Bank Commis sioner, were increased by $11,521 when Judge Carroll T. Bond in City Court a granted George W. Page, receiver, H verdict for that amount against Walter Ganster and William Preston Both men were guarantors of an un paid note Baltimore Sixteen bonds, valued at $15,000, and bearing serial numbers corresponding with bonds stolen from the Monrovia and Woodbine banks have been recovered in banks in Bos ton. The bonds, pledged as security a loan. are said to have been handled for by Roston ship broker whose indictment, the dispatch said will be sought at the next meetings of the grand juries of Carroll and Frederick counties. Hyattsville.- Dr. Robert Bruce John stone, sixty-five, first lieutenant, Med ical Corps Maryland State Guard, died at here. Dr Johnstone was born Beechwood, Wayne county Pennsyl vania, and about 30 years ago re moved to the District of Columbia and later became a resident of Berwyn Prince George's county. While study ing medicine he worked as a printer and also was a feature writer for New York newspapers Baltimore There is a man for ev ery job in Baltimore, with a few to spare, but they will not accept the wages offered by many employers according to Henry F. Broening, head of the Baltimore Federation of Labor in denying Municipal Employment Bureau reports of labor shortages an an approaching labor famine here. The bureau's statistician announced that the supply of labor here fell 50 per cent. short of the demand and the sit uation was becoming more acute each day. Easton.-Talbot Post No. 70, Amer in ican Legion, with headquarters Easton, has elected the following offi cers: Post Commander, L Emory Robert Lednum vice-commander, Martin; adjutant E. G Kastenhuber treasurer, Levin Morris; chaplin, Rev W Charles L. Venable: historian Earle Withgott; executive committee George Frampton, E. Roy McQuay Howell Bowers William McP Bige low. Dr. Alex McC. Stevens, Hermon Hopkins, Eldon H. Closson and James Conrad. A resolution was passed pledging the support and co-operation of the post to the Boy Scout move ment. The post also called attention to lack of respect due the National Colors on Decoration Day, and said that during the parade men stood with heads covered as the colors passed Cumberland Millie Corley, aged 9 years, who had her foot half bitten off by a large cinnamon bear a pet of Somers Fisher, a jeweler at Hynd man, 14 miles northwest of Cumberland, lockjaw developing is expected to recover. Dr. James T. Johnson, this city, removed the disease tissues and a serum was administered The bear had been raised from a cub and grew to large size, although always docile, Mr Corley wrestling with him and playing with him as if he were a pet dog. Children would tease the bear and at times he would become infuriated. It appears the little Corley girl had been warned to stay away from the bear cage, but she could not resist the childish impulse to tease the bear, and sticking her foot against the cage the bear grabbed it in his teeth and drew her in. Baltimore. Maj. E. Brooke Lee, of Montgomery county. called on Gov ernor Ritchie and State Treasurer John M. Dennis in the city. Major Lee, who was elected State Comp troller on the ticket with the Gov ernor four years ago, congratulated Mr. Dennis on his decision not to be come a candidate for the Democratic nomination for Governor in opposi tion to Governor Ritchie. It has been reported that Major Lee might bo a candidate for State Treasurer in OD position 19 Mr. Dennis, but he would net diseuse the subject


Article from The Midland Journal, June 8, 1923

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# SHORT CUTS IN STATE NEWS The Latest News From All Over the State # HAPPENINGS OF THE WEEK Frederick.—Frank Slifer, twenty-one, near Middletown, convicted during the February term of court for burning a barn on the farm of C. Garfield Crone, near Middletown, was sentenced to seven years in the Maryland Penitentiary by Judge Glenn H. Worthington. Baltimore.—The class of 1907 went over the top in the Loyola College and High School campaign to raise $200,000 to build an Alumni Building at Evergreen. The class raised $60,000 among 275 distributors. It was decided to continue the campaign through the month of June. Baltimore.—Mayor Jackson was initiated into the Baltimore Forest, Tall Cedars of Lebanon, with 150 other candidates. The event was held at the Fourth Regiment Armory, in celebration of the election of Archey C. New as Junior Deputy Tall Cedar of the United States at the recent convention in Atlantic City. Baltimore.—Assets of the insolvent Lafayette Bank, closed two years ago by order of the State Bank Commissioner, were increased by $11,521 when Judge Carroll T. Bond, in City Court, granted George W. Page, receiver, a verdict for that amount against H. Walter Ganster and William Preston. Both men were guarantors of an unpaid note. Baltimore.—Sixteen bonds, valued at $15,000, and bearing serial numbers corresponding with bonds stolen from the Monrovia and Woodbine banks, have been recovered in banks in Boston. The bonds, pledged as security for a loan, are said to have been handled by a Boston ship broker whose indictment, the dispatch said, will be sought at the next meetings of the grand juries of Carroll and Frederick counties.