Belknap Savings Bank - Laconia, NH

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: May 15, 1897
Location: Laconia, New Hampshire (43.528, -71.470)

Metadata

Model: gpt-5-mini
Short Digest: 981ad33a

Response Measures

None

Description

The bank closed (suspended) May 15, 1897 and remained in liquidation through at least Jan 1900; trustees paying dividends to depositors rather than resuming normal operations. No run is described in the article. Cause is recorded as voluntary liquidation/closure and not a temporary suspension with reopening.

Events (2)

1. May 15, 1897 Suspension

Cause: Voluntary Liquidation
Cause Details: Closed its doors May 15, 1897 and entered liquidation; trustees handling payouts to depositors.
Newspaper Excerpt: the Belknap Savings Bank of this city which closed its doors May 15, 1897
Source: newspapers

2. February 15, 1900 Other

Newspaper Excerpt: the trustees ... announce that a dividend of ten per cent. will be paid to depositors, February 15. The bank has already paid three dividends, aggregating 50 per cent. of the amount due depositors, and it is said the outlook for rapid liquidation is favorable.
Source: newspapers

Newspaper Articles (1)

1. January 17, 1900 The Providence News Providence, RI

Article from The Providence News, January 17, 1900

Click image to open full size in new tab

Article Text

BELKNAP SAVINGS BANK TO PAY A DIVIDEND OF 10 PER CENT. Laconia. Jan. 17.-The trustees of the Belknap Savings Bank of this city which closed its doors May 15, 1897, announce that a dividend of ten per cent. will be paid to depositors, February 15. The bank has already paid three dividends, aggregating 50 per cent. of the amount due depositors. and it is said the outlook for rapid liquidation is favorable. At the time of the suspension, the institution owed $961,273.95. The Lake Village Savings bank of Lakeport, another closed concern, is making arrangements to liquidate its indebtedness as soon as its securities can be disposed of advantageously The Lake Village bank was closed a little more than a year ago.