Article (New Orleans Daily Democrat, 1877-09-16) reports Brooklyn Savings Bank (Brooklyn, NY) closed by suit of depositors and a receiver appointed; deficiency of $75,000 is mentioned. No mention of a prior run; this is a suspension followed by permanent closure/receivership.
Events (2)
1.September 15, 1877Receivership
Newspaper Excerpt
A receiver has been appointed. The deficiency is $75,000.
Source
newspapers
2.September 15, 1877Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed at suit of depositors; bank had a reported deficiency of $75,000.
Newspaper Excerpt
BROOKLYN, Sept. 15-The Brooklyn Savings Bank closed its doors at the suit of depositors.
Source
newspapers
Newspaper Articles (1)
1.September 16, 1877The New Orleans Daily DemocratNew Orleans, LA
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Article Text
Another Savings Bank Gone. BROOKLYN, Sept. 15-The Brooklyn Savings Bank closed its doors at the suit of depositors. A receiver has been appointed. The deficiency is $75,000.