Bank of New England - Manchester, NH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 10, 1905
Location: Manchester, New Hampshire (42.996, -71.455)

Metadata

Model: gpt-5-mini
Short Digest: 213a27a0

Response Measures

None

Description

Article (Daily Kennebec Journal, 1905-04-11) reports that the Wilton Savings Bank failed in the 1893 panic and that assignees filed final accounting on April 10, 1905, winding up the affairs and paying depositors 85%. No run is described in the article; this is a closure/receivership outcome following an earlier suspension/failure.

Events (1)

1. April 10, 1905 Receivership

Newspaper Excerpt: The affairs of the Milford Savings Bank of Milford; Wilton Savings Bank of Wilton and Bank of New England of this city, have been wound up by the assignees who, today, filed their final accounting in the Hillsboro county court. ... the Wilton Bank, 85 per cent. All three failed as the result of the 1893 panic which closed dozens of New Hampshire institutions.
Source: newspapers

Newspaper Articles (1)

1. April 11, 1905 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, April 11, 1905

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Article Text

AFFAIRS CLOSED. Bank Failures of 1893 Wound Up By Assignees. Manchester. N. H.. April 10.-The affairs of the Milford Savings Bank of Milford: Wilton Savings Bank of Wilton and Bank of New England of this city, have been wound up by the assignees who, today. filed their final accounting in the Hillsboro county court. The Bank of New England depositors received 96 per cent. of their deposits; the Milford Bank has paid 99 per cent. and the Wilton Bank, 85 per cent. All three failed as the result of the 1893 panic which closed dozens of New Hampshire institutions.