Bank of Maryland

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The Bank of Maryland received a charter in 1790, and publicly traded its stock. In 1832, a coalition of several businessmen purchased enough shares to hold a majority stake in the bank, and successfully gained control over the institution. In 1833, a financial panic forced the bank to request assistance from the United States Treasury Department. Despite receiving $300,000, the bank failed in March 1834.

From the guide to the Bank of Maryland dividend book, 1809-1821, (William L. Clements Library, University of Michigan)

Chartered in Baltimore, 1790; failed in 1834.

From the description of Bank of Maryland receipt, 1825. (Unknown). WorldCat record id: 79449383

Archival Resources
Role Title Holding Repository
creatorOf Bank of Maryland. Bank of Maryland receipt, 1825. Library of Congress
creatorOf Bank of Maryland dividend book 1809-1821 Bank of Maryland dividend book William L. Clements Library
referencedIn Patterson, William, 1752-1835. Papers, 1791-1819. Duke University Libraries, Duke University Library; Perkins Library
referencedIn Bank of Maryland scrapbook, 1835. Johns Hopkins University, Sheridan Libraries and the Milton S. Eisenhower Library
Role Title Holding Repository
Relation Name
associatedWith Patterson, William, 1752-1835. person
Place Name Admin Code Country
Maryland--Baltimore
Subject
Banks and banking
Banks and banking
Dividends
Stockholders
Occupation
Activity

Corporate Body

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