Seamens Savings Bank - Provincetown, MA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: April 13, 1878
Location: Provincetown, Massachusetts (42.058, -70.179)

Metadata

Model: gpt-5-mini
Short Digest: 5e22fcd9

Response Measures

None

Description

Article (Daily Globe Apr 14, 1878) reports the Seamen's/Seamens Savings Bank of Provincetown called on the bank commissioner to regulate its payments in conformity with the new law. This indicates a regulatory suspension/restriction of payments under state authority rather than a depositor run or failure. No mention of a run or of permanent closure; reopening is not documented but suspension appears regulatory. OCR spelling of bank name corrected from Seamen's savings' bank to provided name.

Events (1)

1. April 13, 1878 Suspension

Cause: Government Action
Cause Details: Bank requested the bank commissioner to regulate its payments under the new bank law (regulatory suspension/restriction).
Newspaper Excerpt: PROVINCETOWN, Mass., April 13.-The Seamen's savings' bank has called on the bank commissioner to regulate its payments in conformity with the new law.
Source: newspapers

Newspaper Articles (1)

1. April 14, 1878 Daily Globe Saint Paul, MN

Article from Daily Globe, April 14, 1878

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Article Text

Sherman's Frosts. BOSTON, April 13.-The Cape Cod five cent savings' bank, at Harwich, to-day availed itself of the new bank law. NEW YORK, April 13.-Fellows, Forrester & Co., importers and dealers in watches, Maiden Lane, have suspended. Liabilities, $13,000; nominal assets, $150,000. PROVINCETOWN, Mass., April 13.-The Seamen's savings' bank has called on the bank commissioner to regulate its payments in conformity with the new law. BOSTON, Mass., April 13.-Henry P. Kilfreed, dealer in morocco leather, failed teday. Liabilities $100,000; assets light.