Hinsdale Savings Bank - Hinsdale, NH

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 5, 1900
Location: Hinsdale, New Hampshire (42.786, -72.486)

Metadata

Model: gpt-5-mini
Short Digest: 0755395d

Response Measures

None

Description

Article (Providence News, 1900-01-05) reports the Hinsdale Savings Bank has been under injunction, ceased receiving deposits for months, making partial payments, and will be wound up and placed in receivership about Feb 1, 1900. No run or depositor riot is mentioned; this is a suspension by government action leading to closure/receivership.

Events (2)

1. January 5, 1900 Suspension

Cause: Government Action
Cause Details: Bank placed under injunction, ceased receiving deposits and operating normally; partial payments being made while under injunction.
Newspaper Excerpt: The institution has been under injunction and has received no deposits for months but on the other hand has been making partial payments from time to time.
Source: newspapers

2. February 1, 1900 Receivership

Newspaper Excerpt: It is announced that steps are being taken to wind up the Hinsdale Savings Bank ... its affairs will go into the hands of a receiver about February 1.
Source: newspapers

Newspaper Articles (1)

1. January 5, 1900 The Providence News Providence, RI

Article from The Providence News, January 5, 1900

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Article Text

HINSDALE SAVINGS BANK TO GO INTO RECEIVER'S HANDS. Hinsdale, N. H., Jan. 5.-It is announced that steps are being taken to wind up the Hinsdate Savings Bank, and it is understood that its affairs will go into the hands of a receiver about February 1. The insticution has been under injunction and has received no deposits for months but on the other hand has been making partial payments from time to time. The bank is paying a dividend of 8 per cent. this week to depositors, which brings the total dividend since the injunction became operative to 68 per cent. It was thought at one time that the bank could pay ninety per cent. to depositors, but It is now belived that the latter will not receive more than 75 per cent. at the most. In view of these facts it has been decided to wind up the affairs of the concern.