New Hampshire Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 1, 1893*
Location: Manchester, New Hampshire (42.996, -71.455)

Metadata

Model: gpt-5-mini
Short Digest: 0646d834

Response Measures

None

Description

The articles describe the New Hampshire Trust Co. failing in 1893 with trustees (receiver-like) appointed in 1894; an assignee in 1907 is winding up affairs and paying final dividend. No run is mentioned. Classified as suspension_closure (suspension/failure followed by receivership and final settlement).

Events (3)

1. January 1, 1893* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Firm failed for several million dollars in 1893 (insolvency related to the panic).
Newspaper Excerpt: which failed for several million dollars in 1893, the year of the last financial panic
Source: newspapers

2. January 1, 1894* Receivership

Newspaper Excerpt: When trustees were appointed in 1894 to look after the interests of the bondholders there were $4,261,425 in bonds outstanding. Ninety-nine per cent. of that amount has since been paid to the 2400 bondholders and there is now in the hands of the surviving trustees $222,800.
Source: newspapers

3. January 30, 1907 Other

Newspaper Excerpt: Arthur S. Bunton, assignee of the New Hampshire Trust Co. ... is endeavoring to finally wind up the affairs of the corporation. The superior court has been petitioned to order a final dividend paid to bondholders.
Source: newspapers

Newspaper Articles (1)

1. January 31, 1907 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, January 31, 1907

Click image to open full size in new tab

Article Text

WINDING UP AFFAIRS. Assignee of New Hampshire Trust Co. Wants to Make Final Settlement. Manchester, N. H., Jan. 30.-Arthur S. Bunton, assignee of the New Hampshire Trust Co. of this city, Minneapolis and Fargo, N. D., which failed for several million dollars in 1893, the year of the last financial panic, is endeavoring to finally wind up the affairs of the corporation. The superior court has been petitioned to order a final dividend paid to bondholders. When trustees were appointed in 1894 to look after the interests of the bondholders there were $4,261,425 in bonds outstanding. Ninety-nine per cent. of that amount has since been paid to the 2400 bondholders and there is now in the hands of the surviving trustees $222,800. Chief Justice Wallace will fix the final dividend in a few days. The accounts of the bond department of the company were separate from those of the depositors, who lost heavily by the failure.