Hibernia Trust & Savings Bank (Charleston, SC)

Episode Information

Episode UID
6658614091295
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
665861409 hash
Start Date
November 25, 1907
Location
Charleston, South Carolina (32.777, -79.931)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
eb9c66b649ec7b1f

Response Measures

None

Description

Reports state the bank suspended payment and immediately placed in receivership; troubles said to predate the money stringency.

Events (2)

1. November 25, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had longstanding troubles and previously lost a sum of money unexpectedly; recent stringency exacerbated condition; bank began denying payment of checks.
Newspaper Excerpt
It suspended payment yesterday.
Source
newspapers
2. November 26, 1907 Receivership
Newspaper Excerpt
Judge Gage ... appointed Frank I. O'Neil and Henry Bruist receivers of the Hibernia Trust and Savings Bank.
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, November 27, 1907

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Article Text

RECEIVERS FOR SOUTH CAROLINA BANK. Charleston. S. C., Nov. 26. -Judge Gage, of the Circuit Court, to-day appointed Frank I. O'Neil and Henry Bruist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884 and was capitalized at $30,000. No other banks are involved


Article from The Montgomery Advertiser, November 27, 1907

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Article Text

Receivers Appointed. Charleston, S. C., Nov. 26.-Judge Gary of the Circuit Court, today appointed Frank I. O'Neill, (President) and Henry Buist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884. and was capitalized at $30,000.


Article from The Laurens Advertiser, November 27, 1907

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Article Text

Bank Failure The Hibernia Trust and Savings Bank of Charleston closed its doors yesterday and asked for a receiver to be appointed by the court. This is one of the smaller banks of Charleston and its financial condition was not considered strong. Several years ago the bank almost went to the wall but its friends rallied to its support and it was hoped that its difficulties would be surmounted. The recent stringency in the money market however was too much for the little institution and it was considered advisable to place its affairs in the hands of the court. The amount of its assets or liabilities have not been learned. It is safe to say however that the depositors will be paid in full.


Article from The Salt Lake Herald, November 27, 1907

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Article Text

RECEIVERS APPOINTED. Charleston, S. C., Nov. 26.-Receivers were appointed today for the Hibernia Trust & Savings bank. The bank was organized in 1884 and was capitalized at $30,000.


Article from The Birmingham Age-Herald, November 27, 1907

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Article Text

Receivers Appointed. Charleston, S. C., November 26.-Judge Gary of the circuit court today appointed Frank I. O'Neill (president) and Henry Buist receivers of the Hibernia Trust and Savings bank. The bank was organized in 1884, and was capitalized at $30,000.


Article from The Brunswick News, November 28, 1907

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Article Text

CHARLESTON BANK LIQUIDATES Charleston, S. C., Nov. 26.-Judge Gage of the circuit court today ap. pointed Frank I. O'Neill (president), and Henry Buist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884 and was capitalized at $30,000. The last quarterly statement semed to show good business, but it is known that the institution was not doing well recently. No other banks are in volved.


Article from Yorkville Enquirer, November 29, 1907

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Article Text

- Charleston, November 26: The Hibernia Trust and Savings Bank, one of the smallest of the financial institutions of this city, went into the hands of a receiver today. It suspended payment yesterday. It is said that the bank's trouble dated back several years ago, when it lost a sum of money unexpectedly, and had nothing to do with the recent condition of the money market.


Article from The Semi-Weekly Messenger, November 29, 1907

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Article Text

Charleston. S. C., November 26.Judge Gage of the circuit court today appointed Frank I. O'Neil and Henry Brust. receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1864 and was captialized at $30,000. No other banks are involved.


Article from Keowee Courier, December 4, 1907

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Article Text

Charleston Bank Goes Up. Charleston, Nov. 26.-The Hibernia Trust and Savings Bank, one of the smallest of the financial institutions of this city, went into the hands of a receiver to-day. It suspended payment yesterday. It is said that the bank's trouble dated back several years ago, when it lost a sum of money unexpectedly, and had nothing to do with the recent condition of the money market.


Article from The Watchman and Southron, December 4, 1907

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Article Text

The Hibermia Ttrust and Savings Bank of Charleston has asked for a receiver. Several days ago the bank commenced to deny payment of checks.