The Lincoln Savings & Trust Co. was closed by the state banking commissioner April 10, 1907 (receiver John J. Reiley appointed), resumed business July 11, 1907, and then failed to open and was placed in receivership again (Samuel M. Hyneman appointed) on June 19, 1908. No runs are described in the articles; closures were by regulator/court order. I corrected minor OCR variations in the receiver's name across articles (Hyneman/Hineman/Haynoman) to Samuel M. Hyneman as the consistent appointee in June 1908.
Events (3)
1.April 10, 1907Suspension
Cause
Government Action
Cause Details
Closed by order of the state banking commissioner on grounds capital was impaired; temporary receiver (John J. Reiley) appointed.
Newspaper Excerpt
The Lincoln Savings and Trust Company of this city closed its doors today. ... The bank was closed by order of the state banking commissioner, who considered that the capital was impaired. ... John J. Reiley was appointed temporary receiver.
Source
newspapers
2.July 11, 1907Reopening
Newspaper Excerpt
Resumes Business. Philadelphia, July 11.-The Lincoln Trust company of this city, which suspended business three months ago, resumed business today.
Source
newspapers
3.June 19, 1908Receivership
Newspaper Excerpt
The Lincoln Savings & Trust Co. failed to open its doors for business today, and Samuel M. Hyneman, an attorney, was appointed receiver. The trust company failed about a year ago and resumed business three months later, after reorganization.
Source
newspapers
Newspaper Articles (17)
1.April 10, 1907Evening StarWashington, DC
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Article Text
TRUST COMPANY CLOSES PHILADELPHIA CONCERN AND A CITY DEPOSITORY. PHILADELPHIA, April 10.-The Lincoln Savings and Trust Company of this city closed its doors today. The company is one of the city depositories. The company has been in existence about ten years, and its business was mainly with city contractors. A comparatively small amount of money is involved. The bank was closed by order of the state banking commissioner, who considered that the capital was impaired. It is capitalized at $400,000, of which but $132,000 has been paid in. The deposits amount to $250,000. James 1. Comly, the president, is a lawyer and real estate operator. John J. Reiley was appointed temporary receiver.
2.April 11, 1907The Madison Daily LeaderMadison, SD
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Article Text
FORCED TO CLOSE DOORS Suspension of Philadelphia Savings and Trust Company. Philadelphia, April 11.-The Lincoln Savings and Trust company, one of the small financial institutions of Philadelphia, has suspended business by order of John A. Berkey, state commissioner of banking, on the ground that the capital of the company is impaired. The total resources of the Institution are $421,000 and the deposits amount to $250,000. At the last examination there was a surplus of $14,000. James I. Comly, the president of the company, is in Harrisburg in conference with Commissioner Berkey and in his absence Henry F. Stitzell, the treasurer, said: "This company is absolutely solvent and there is not a possibility of any creditor of the institution not being paid in full." Mr. Stitzell said that the matter of a possible impairment of the capital is a question of opinion. In the judgment of the officers, he said, the capital is not impaired and the company is able to protect all depositors.
3.July 12, 1907The Birmingham Age-HeraldBirmingham, AL
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Article Text
Resumes Business. Philadelphia, July 11.-The Lincoln Trust company of this city, which suspended business three months ago, resumed busi. ness today.
4.June 19, 1908The Topeka State JournalTopeka, KS
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Article Text
Fails a Second Time. Philadelphia. June 19.-The Lincoln Savings and Trust company, a small concern of this city, failed to open its doors for business today and Samuel M. Hineman, an attorney, was appointed receiver. The trust company failed about a year ago and resumed business three months later, after reorganization.
5.June 19, 1908The Detroit TimesDetroit, MI
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Article Text
PHILA. SAVINGS CO. CLOSES PHILADELPHIA, June 19.-The Lincoln Savings & Trust Co. failed to open its doors this morning. The institution has a paid-up capital of $132,000. A receiver was appointed for the concern late yesterday. It was established in 1895.
6.June 19, 1908Evening Times-RepublicanMarshalltown, IA
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Article Text
FAILS TWICE IN YEAR. Small Philadelphia Concern Fails to Open Its Doors Today. Philadelphia, June 19.-The Lincoln Savings Trust Company, a small concern, failed to open its doors today, and a receiver was appointed. The company failed a year ago but resumed business after reorganizing.
SMALL PHILADELPHIA BANK GOES IN RECEIVER'S HANDS. Philadelphia, June 19.-The Lincoln Savings and Trust Co., a small concern in this city closed today and a
8.June 19, 1908The Star and Newark AdvertiserNewark, NJ
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Article Text
RECEIVER FOR LINCOLN TRUST IN PHILADELPHIA [Special to the Evening Star.] PHILADELPHIA, June 19.-The Lincoin Savings and Trust Company closed its doors today by order of the courts. Samuel M. Hyneman was appointed receiver. The Lincoln Trust Company failed about a year ago, and resumed business three months later, after reorganizing. Mr. Hyneman said his appointment was made principally to conserve the assets of the company, and that the depositors would be paid in full. The application for the receiver was made by J. G. Jones, vice-president of the bank
9.June 19, 1908Rock Island ArgusRock Island, IL
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Article Text
Fails Second Time. Philadelphia, June 19.-The Lincoln Savings Trust company, a small coneern, failed to open its doors today. A receiver was appointed. The company
10.June 20, 1908The Salt Lake HeraldSalt Lake City, UT
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Article Text
TRUST COMPANY FAILS. Philadelphia, June 19.-The Lincoln Savings & Trust company, a small concern of this city, failed to open its doors for business today, and Samuel M. Hyneman, an attorney, was appointed receiver. The trust company failed about a year ago and resumed business three months later after reorganization.
11.June 20, 1908The Madison Daily LeaderMadison, SD
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Article Text
Trust Company Suspends. Philadelphia, June 20.-The Lincoln Savings and Trust company, a small concern of this city, failed to open its doors for business and Samuel M. Hyneman, an attorney, was appointed receiver. The trust company failed about a year ago and resumed business three months later after reorganization.
12.June 20, 1908Los Angeles HeraldLos Angeles, CA
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Article Text
Small Bank Fails PHILADELPHIA, June 19,-The Lincoln Savings and Trust company, a small concern of this city, failed to open its doors for business today, and Samuel M. Hyneman, an attorney, was appointed receiver. The trust company failed about a year ago and resumed business three months later after reorganizing.
13.June 20, 1908Daily Kennebec JournalAugusta, ME
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Article Text
The Lincoln Savings and Trust Co., a small concern of Philadelphia. failed to open its doors for business Friday, and Samuel N. Hyneman, an attorney, was appointed receiver. The trust company failed about a year ago and resumed business three months later afteremp rapising 191.**
14.June 20, 1908The Prescott Daily NewsPrescott, AR
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Article Text
Receiver In Charge. Philadelphia, June 20.-The Lincoln Savings Bank and Trust company, a small concern of this city, failed to open its doors for business Friday. Samuel M. Haynoman, an attorney. was appointed receiver.
15.June 23, 1908The Morris County ChronicleMorristown, NJ
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Article Text
SAVINGS BANK FAILS. Lincoln, of Philadelphia, Closes Doors For a Second Time. Philadelphia.-The Lincoln Savings and Trust Company, R small concern of this city, failed to open its doors for business, and Samuel N. Hyneman, as attorney, was appointed receiver. The trust company failed about a year ago and resumed business three months later, after reorgarizing.
16.June 25, 1908The Weekly HeraldAmarillo, TX
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Article Text
TRUST COMPANY CLOSES DOORS Associated Press. Philadelphia, Pa., June 19.-The Lincoln Savings & Trust Co., a small concern of this city, closed today and a receiver was appointed. The trust company failed about a year ago, and resumed business three months later after reorganization.
17.June 26, 1908The CitizenFrederick, MD
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Article Text
SAVINGS BANK FAILS. Lincoln. of Philadelphia, Closes Doors For a Second Time. Philadeiphia.-The Lincoln Savings and Trust Company, a small concern of this city, failed to open its doors for business, and Samuel N. Hyneman, as attorney, was appointed receiver. The trust company failed about a year ago and resumed business three months later, after reorganizing.
