National Bank - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 24, 1893
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 16137d53

Response Measures

None

Description

OCR errors corrected (e.g., 'deposit' likely 'depositor' or 'depositors'). Article (May 24, 1893) reports a bank examiner took charge and depositors/stockholders/directors to meet to wind up affairs; receivership likely if no private committee formed. No explicit run is mentioned; situation is bank insolvency/distress leading to likely suspension and receivership.

Events (1)

1. May 24, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Examiner took charge of the bank's deposits and the bank is being wound up; insolvency/distress of the bank prompted intervention.
Newspaper Excerpt: Bank - Examiner William H. Kimball, who took charge of the National Bank deposit yesterday, said this morning there was a fair chance of the appointing of a receiver being avoided.
Source: newspapers

Newspaper Articles (1)

1. May 25, 1893 The State Chronicle Raleigh, NC

Article from The State Chronicle, May 25, 1893

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Article Text

The National Bank of New York. By Southern Associated Press. NEW YORK, May 24-Bank - Examiner William H. Kimball, who took charge of the National Bank deposit yesterday, said this morning there was & fair chance of the appointing of a receiver being avoided. The depositors, stockholders and directors will meet this afternoon to adopt a plan for the winding up of the affairs of the bank. If they can agree and fix upon a committee to take charge of the affairs the receivership can be avoided. Otherwise some one will have to be appointed to close up the business of the bank. President Ransom is still hopeful of making a good showing for the stockholders.