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, 1907Suspension
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, 1907Receivership
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)
1.November 27, 1907New-York TribuneNew York, NY
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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
2.November 27, 1907The Montgomery AdvertiserMontgomery, AL
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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.
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.
4.November 27, 1907The Salt Lake HeraldSalt Lake City, UT
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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.
5.November 27, 1907The Birmingham Age-HeraldBirmingham, AL
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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.
6.November 28, 1907The Brunswick NewsBrunswick, GA
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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.
7.November 29, 1907Yorkville EnquirerYork, SC
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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.
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.
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.
10.December 4, 1907The Watchman and SouthronSumter, SC
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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.
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