National Bank - New Berlin, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10199
Charter Number: 10199
Start Date: June 15, 1912
Location: New Berlin, New York (42.624, -75.332)

Metadata

Model: gpt-5-mini
Short Digest: ca4d44c3249c2474

Response Measures

None

Description

Article (New-York Tribune, 1912-06-16) reports the New Berlin National Bank was 'wrecked' by its cashier F. T. Arnold and a receiver (R. L. Curtis) is administering the bank and declaring a dividend. No run is mentioned; the bank is in receivership (permanently closed). Cause is bank-specific (fraud/embezzlement by cashier).

Events (3)

1. May 17, 1912 Chartered

Source: historical_nic

2. June 15, 1912 Other

Newspaper Excerpt: The Arnold bungalow and furnishings have been turned over to the receiver as trustee and will be sold. Fifty-seven residents of the village have been subpœnaed to appear before the federal grand jury in Binghamton next week, when Arnold's case will be presented.
Source: newspapers

3. June 15, 1912 Receivership

Newspaper Excerpt: R. L. Curtis, receiver of the New Berlin National Bank, which was wrecked by F. T. Arnold, the cashier, has declared a dividend of 30 per cent, to be paid on June 25.
Source: newspapers

Newspaper Articles (1)

1. June 16, 1912 New-York Tribune New York, NY

Article from New-York Tribune, June 16, 1912

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Article Text

WRECKED BANK'S DIVIDEND New Berlin National, Ruined by Arnold, to Pay 30 Per Cent. Utica, N. Y., June 15.-R. L. Curtis, receiver of the New Berlin National Bank, which was wrecked by F. T. Arnold, the cashier, has declared a dividend of 30 per cent, to be paid on June 25. The Arnold bungalow and furnishings have been turned over to the receiver as trustee and will be sold. Fifty-seven residents of the village have been subpœnaed to appear before the federal grand jury in Binghamton next week, when Arnold's case will be presented.