Hancock National Bank

Episode Information

Episode UID: 144201228
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 14420 national
Charter Number: 1442
Start Date: April 4, 1902
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: d2639afacbedf629

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1902-04-04
OCC cause of failure: Losses
Share of assets assessed as good: 0.0%
Share of assets assessed as doubtful: 53.8%
Share of assets assessed as worthless: 46.1%

Events (5)

1. July 15, 1865 Chartered

Source: historical_nic

2. May 20, 1897 Voluntary Liquidation

Source: historical_nic

3. April 4, 1902 Receivership

Source: historical_nic

4. April 4, 1902 Receivership

Newspaper Excerpt: Denman Blanchard, a banker of this city, who was originally appointed receiver by the comptroller of the currency
Source: newspapers

5. April 4, 1902 Suspension

Cause: Government Action
Cause Details: The bank was taken over by the government and placed in receivership.
Newspaper Excerpt: originally appointed receiver by the comptroller of the currency when the government took charge of the bank
Source: newspapers

Newspaper Articles (1)

1. March 12, 1904 The Providence News Providence, RI

Article from The Providence News, March 12, 1904

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Article Text

BOSTON BANK EMBARRASSED Affairs of Hancock National Will Be Settled by Receiver. Boston, March 12.-At a special meeting today of the stockholders of the Hancock National bank of this city it was voted to continue the receivership control of the affairs of the institution. Denman Blanchard, a banker of this city, who was originally appointed receiver by the comptroller of the currency when the government took charge of the bank, was empowered by the stockholders to settle the affairs of the institution. Receiver Blanchard said that he would soon issue a statement to all concerned.