Marine National Bank (New York, NY)

View Charter #1215 on SPMC View balance sheet

Episode Information

Episode UID
121500977
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
12150 national
Charter Number
1215
Start Date
May 18, 1881
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
075f4cfb02cff051

Response Measures

None

Receivership Details

Depositor recovery rate
83.5%
Date receivership started
1884-05-13
Date receivership terminated
1899-09-30
OCC cause of failure
Fraud
Share of assets assessed as good
59.4%
Share of assets assessed as doubtful
13.9%
Share of assets assessed as worthless
26.7%

Description

Comptroller notice dated May 18, 1881 refers to receiver Walter S. Johnston; newspaper OCR contains minor typographical errors.

Events (4)
1. June 3, 1865 Chartered
Source
historical_nic
2. May 18, 1881 Receivership
Newspaper Excerpt
TREASURY DEPARTMENT, OFFICE OF COMPTROLLER OF THE CURRENCY, WASHINGTON, May 18, 1881... against 'The Marine National Bank of the City of New York,' N.Y., ... presented to Walter S. Johnston, Receiver, ... H. W. CANNON, Comptroller of the Currency.
Source
newspapers
3. September 8, 1881 Suspension
Cause
Government Action
Cause Details
Mayoral proclamations calling for all banks and businesses in New York and Brooklyn to close for the day.
Newspaper Excerpt
The New York produce and cotton exchange, clearing house, and all banks will be closed to-day.
Source
newspapers
4. May 13, 1884 Receivership
Source
historical_nic

Newspaper Articles (2)
1. September 8, 1881 Daily Globe Saint Paul, MN
Article from Daily Globe, September 8, 1881

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Article Text

ALL AROUND THE GLOBE. The New York produce and cotton exchange, clearing house, and all banks will be closed to-day. The mayors of New York and Brooklyn have issued proclamations calling on all to close their places of business, and trade will be suspended in both cities. Robert Steep, of Manville, Kan., nine miles west of there, while crossing the railroad track in a wagon, was killed by railroad train No. 3. Alex. Grey, of Allegheny City, one of the wardens of the western penitentiary, received serious injuries on the Pennsylvania railroad, at Seaman Place, yesterday, dying several hours afterwards.

2. May 24, 1884 New-York Tribune New York, NY
Article from New-York Tribune, May 24, 1884

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Article Text

HAVE some choice lots, bank, gas, city ranI road stocks and bonds at low figures. Forced sales. J. P. WINTRINGHAM, 36 Pine-st. TREASURY DEPARTMENT, OFFICE OF COMPTEOLLER OF THE CURRENCY, VASHINGTON, May 18, 1881. against "The Marine National Bank of NOTICE is hereby NOTICE is her given to all persons who the City of New.York,' N.Y., that the same must be presented to Walter S. Johnston, Receiver, with the legal proof thereof, within three months from the 21st instant, or they H. W. CANNON, will be disallowed. Comptroller of the Curranos.