Lincoln Savings & Trust Company (Philadelphia, PA)

Episode Information

Episode UID
4497178891288
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
449717889 hash
Start Date
April 11, 1907
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7524600b4f2550cd

Response Measures

None

Description

An earlier 1907 suspension by the state commissioner preceded a 1908 failure that led to a receiver.

Events (4)

1. April 11, 1907 Suspension
Cause
Government Action
Cause Details
Suspended by order of State Commissioner of Banking John A. Berkey.
Newspaper Excerpt
The Lincoln Savings and Trust company has suspended business by order of John A: Berkey. state commissioner of banking.
Source
newspapers
2. July 11, 1907 Reopening
Newspaper Excerpt
The Lincoln Trust company of this city, which suspended business three months ago, resumed business today.
Source
newspapers
3. June 19, 1908 Receivership
Newspaper Excerpt
Samuel M. Hyneman, an attorney, was appointed receiver.
Source
newspapers
4. June 19, 1908 Suspension
Cause Details
Failed to open its doors and a receiver (Samuel M. Hyneman) was appointed; no specific triggering rumor or correspondent failure mentioned.
Newspaper Excerpt
The Lincoln Savings & Trust Co. failed to open its doors this morning. ... A receiver was appointed for the concern late yesterday.
Source
newspapers

Newspaper Articles (15)

Article from Waterbury Evening Democrat, April 11, 1907

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Article Text

Lincoln Trust Goes Up. PHILADELPHIA, April 11. 1 The Lincoln Savings and Trust company has suspended business by order of John A: Berkey. state commissioner of banking.


Article from The Birmingham Age-Herald, July 12, 1907

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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.


Article from The Detroit Times, June 19, 1908

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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.


Article from Albuquerque Citizen, June 19, 1908

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Article Text

SMALL TRUST COMPANY SUSPENDS OPERATIONS Philadelphia, June 19-The Lincoln Savings and Trust company, a small concern in 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


Article from The Roswell Daily Record, June 19, 1908

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Article Text

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


Article from Rock Island Argus, June 19, 1908

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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


Article from The Laramie Republican, June 19, 1908

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Article Text

Small Failure Announced. Philadelphia, June 19.-The Lincoln Savings and Trust company, a small concern of this city was closed today and a receiver appointed. The Trust company failed about a year ago and resumed business three months later, after reorganizing.


Article from The Madison Daily Leader, June 20, 1908

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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.


Article from Los Angeles Herald, June 20, 1908

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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.


Article from The Bemidji Daily Pioneer, June 20, 1908

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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 recrganization.


Article from The Detroit Times, June 20, 1908

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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.


Article from The Prescott Daily News, June 20, 1908

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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.


Article from The Weekly Herald, June 25, 1908

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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.


Article from The Bee, June 25, 1908

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Article Text

Trust Company Closes Doors. Philadelphia, June 21.-The Lincoln Savings and Trust Co., for which a receiver was appointed Thursday, failed to open its doors Friday. The company was established in 1895 and has a paid-up capital of $132,000.


Article from The Citizen, June 26, 1908

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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.