Harford Bank (Bel Air, MD)

Episode Information

Episode UID
65011271657
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
6501127 routing
Routing Number
65-0112
Start Date
January 3, 1938
Location
Bel Air, Maryland (39.535, -76.346)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1fb80af5537ce68b

Response Measures

None

Description

Articles state the bank failed to open Jan 3 and went into voluntary receivership; remained in receivership into 1939.

Events (4)

1. January 3, 1938 Receivership
Newspaper Excerpt
State Bank Commissioner Warren F. Stirling was named receiver. The bank ... went into voluntary receivership.
Source
newspapers
2. January 3, 1938 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank failed to open Jan. 3 and was placed into voluntary receivership by the owners; State Bank Commissioner named receiver.
Newspaper Excerpt
The Harford Bank of Bel Air ... failed to open its doors for business Monday morning Jan. 3, and went into voluntary receivership.
Source
newspapers
3. February 4, 1938 Other
Newspaper Excerpt
The receiver of the recently closed Harford Bank of Bel Air, has given a check to the Treasurer of Harford County for $13,173.82, the amount of county funds on deposit in the bank at the time it closed.
Source
newspapers
4. December 29, 1939 Other
Newspaper Excerpt
The Circuit Court of Harford County has granted a counsel fee of $8,500 to Michael W. Fahey ... for his services as attorney for the State Banking Commissioner, receiver for the Harford Bank, of Bel Air.
Source
newspapers

Newspaper Articles (3)

Article from The Midland Journal, January 14, 1938

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Article Text

Bel Air Bank Closes The Harford Bank of Bel Air, the oldest banking institution in Harford county, having been organized in 1882, failed to open its doors for pusiness Mondoy morning Jan. 3, and went into voluntary receivership. State Bank Commissioner Warren F. Stirning was named receiver. The bank, capitalized at $75,000, nad deposits of $846,000 up to the close of business Friday. According to a statement given out by the Bank Commissioner, deposits were Ansured by the Federal Deposit Insurance Corporation, with the exception of about $25,000.


Article from The Midland Journal, February 4, 1938

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Article Text

Briefly Noted News Rising Sun W. C. T. U. will meet Friday afternoon, Feb. 11, with Mrs. G. C. Logan, at 2:00 o'clock. The James Long farm, in Lancaster county, near Kirk's Mills, has been purchased by Joseph Oliver. William C. Cooling, of Chesapeake City, has been appointed Forest Warden by the Board of County Commissioners. Netotiations are in progress by the Bailey Dye Works, Inc., of Philadelphia. for the purchase of the mill building in Elkton, formerly owned and operated by the A. J. Reach Co. As a special feature of the evening service at the Methodist Church here a quartet from Lincoln University will sing. The public is cordially invited to this service, Sunday night, at 7:30 o'clock. The receiver of the recently closed Harford Bank of Bel Air, has given a check to the Treasurer of Harford County for $13,173.82, the amount of county funds on deposit in the bank at the time it closed. Roland J. Cooper, through his counsel. E. D. E. Rolins of Elkton, has filed suit in the Circuit Court Elkton, for an absolute divorce from his wife. Mrs. Amelia C. Ecker Cooper, on the grounds of desertion. The County Commissioners have appropriated $35 toward repair of Richards Oak, the fine old white oak tree near Porters Bridge. Mr. Joshna Clayton made the request on behalf of the Hythelham club of Port Deposit. Charles O. McCauley, of Perry Point, has been selected as second alternate for Maryland-at-large by Senator Millard E. Tydings for appointment to the United States Military Academy. The examination will be given March 1 and entrance will be on July 1. Rev. Raymond Campbell, of Unionville, N. J., has accepted a call to the pastorate of Oxford, Pa., Presbyterian church, at a salary of $2,500. The Oxford church has been without a pastor since the death of the Rev. E. J. Russell on November 10. 1936. If Mr. Ground Hog ventured out on Tuesday, the 2nd, he should have had little difficulty in seeing his shadow. According to the old superstition this means we are to have six more weeks of winter, but as we have had very little real` winter so far, some is probably due. The annual banquet of Havre de Grace fire company will be held Monday evening, Feb. 14. governor Harry Nice. Chief Howard Travers, .f the Baltimore City Fire Department, and Mayor Howard W. Jackson, of the same city, have accepted invitations to be present at the banquet.


Article from The Midland Journal, December 29, 1939

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Article Text

Court Grants Counsel Fee The Circuit Court of Harford County has granted a counsel fee of $8,500 to Micheal W. Fahey, of Bel Air, for his services as attorney for the State Banking Commissioner, receiver for the Harford Bank, of Bel Air. John W. Downing, State Banking Commissioner, protested what he described as "excessive fees" in receivership cases and filed a petition with the Circuit Court in which he stated that $2,500 would be adequate compensation for Mr. Fahey.