[2] The charter of this bank was for 20 years and the state reserved the right to subscribe for 6000 shares at $300 each, and appoint two of seventeen directors annually.
Gen. John Stricker (of 1814's Battles of North Point and Baltimore fame in the War of 1812) until his death June 23, 1825, and William Lorman was elected in his place.
However, in November 1864, along with several other city banks, it suffered from a gang of forgers and in December later that year a temporary loss of $23,000 from a falsification by one of its clerks, however later made good.
[3] The capital of the bank was fixed by the General Assembly of Maryland, the state legislature at $1,200,000, though the petitioners wanted the limit placed at $3,000,000, with provision for increasing it ultimately to $9,000,000, as growth demanded.
Jefferson was concerned that this situation would cause problems for the United States in the event of future conflict with a foreign power and as such he supported the Bank of Baltimore's application for a deposit of government funds.
Along with a series of other civil strife in the crowded and dirty city which spread to several other city financial and public institutions with extensive downtown fights, burnings and civil unrest, along with mobs of disgruntled citizens torching of several prominent citizens' and civic leaders' townhouses such as Reverdy Johnson, William Glenn, and mansions, predating the worse and far deeper and longer of the first major national financial recession of the so-called "Panic of 1837" two years later which marred the reputation and the end of the Andrew Jackson presidential administration and his unregulated free-wheeling financial policies.
[5] An additional financial institution of a similar name entitled the "Savings Bank of Baltimore" was chartered in 1818 with a general meeting held on "New Year's Day", January 1, 1818, at Gadsly's Hotel (or Gadsby's?)
After examining the plans and situations of several similar other thrift institutions in other cities, it was resolved that it was expedient to establish a Savings or Provident Bank in Baltimore.
At one time the Bank was only open one day out of the week and its business conducted by the directors in person who were divided into committees and performed a large portion of the clerical labor.
Comparing the financial statistics in 1880 below with those of the first year of 1818–1819, above: Amount of funds, Dec. 31, 1879: $13,667,002.01 Received from depositors in 1880: $2,647,222.03 Interest on loans, dividends on stocks, etc.
In 1907 after the Great Baltimore Fire of February 1904, which devastated the downtown business district, the Bank built a "Temple of Thrift", a beautiful landmark Greco-Roman pillared marble headquarters building at the geographic center of the city at the southeast corner of South Charles Street and East Baltimore Street.
They moved subsequently to the 1884 Baltimore and Ohio Railroad Central Headquarters building, which was destroyed in the Great Fire of 1904 and replaced by the Emerson Hotel.