12534. Germania Savings Bank (Jersey City, NJ)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 7, 1887
Location
Jersey City, New Jersey (40.728, -74.078)

Metadata

Model
gpt-5-mini
Short Digest
0241255682a4139c

Response Measures

None

Description

Articles report Germania Savings Bank suspended payments on 1887-01-07 and trustees are winding up the defunct bank. Depositors received 75% dividend and petitioners seek remaining 25% from trustees; later meetings threaten to apply for a receiver. No run is mentioned; bank appears to have remained closed (winding up). OCR corrections: 'Savngs' -> 'Savings', 'paymenut' -> 'payments'.

Events (3)
1. January 7, 1887 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank suspended payments and trustees are winding up the defunct Germania Savings Bank; depositors paid 75% dividend with trustees managing distribution.
Newspaper Excerpt
the bank suspended paymenut January 7, 1887, and that the depositors had received seventy- five per cent. of their deposits.
Source
newspapers
2. November 2, 1891 Other
Newspaper Excerpt
Councellor Abraham Van Horne applied to the Chancellor this morning for an order directing the Trustees who are winding up the defunct Germania Savngs Bank to submit to the Court a stateout of the bank's affairs. The petition was filed in behalf Valentine Lindermann and 550 other depositors.
Source
newspapers
3. March 14, 1892 Other
Newspaper Excerpt
A resolution was adopted to the effect that unless the last dividend was paid at a very early date a Receiver would be applied for.
Source
newspapers

Newspaper Articles (2)
1. November 2, 1891 The Jersey City News Jersey City, NJ
Article from The Jersey City News, November 2, 1891

Click image to open full size in new tab

Article Text

GERMANIA BANK. The Chancellor May Take a Hand in Its Affairs. Councellor Abraham Van Horne applied to the Chancellor this morning for an order directing the Trustees who are winding up the defunct Germania Savngs Bank to submit to the Court a stateout of the bank's affairs. The petition was filed in behalf Valentine Lindermann and 550 other depositors. It sets forth the fa ct that the bank suspended paymenut January 7, 1887, and that the depositors had received seventy- five per cent. of their deposits. The petitioners believed that there were enough assets to Day the remaining twenty-five per cent. They are unable to obtain any tn' ment from the trustees, they say, "why are all poor people and in need of the money. The Chancellor made an

2. March 14, 1892 The Jersey City News Jersey City, NJ
Article from The Jersey City News, March 14, 1892

Click image to open full size in new tab

Article Text

Germania Bank Depositors. A meeting of the Germania Bank depositors was held yesterday afternoon at No. 316 Third street. A resolution was adopted to the effect that unless the last dividend was paid at a very early date a Receiver would be applied for.