Germania Savings Bank - Jersey City, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 7, 1887
Location: Jersey City, New Jersey (40.728, -74.078)

Metadata

Model: gpt-5-mini
Short Digest: 04a611d9

Response Measures

None

Description

The Germania Savings Bank suspended payments on 1887-01-07 and was being wound up by trustees (described as defunct). Depositors received 75% and were seeking the remaining dividend; in 1891 depositors petitioned the chancellor for accounting and in 1892 threatened to apply for a receiver. No run is described in the articles.

Events (3)

1. January 7, 1887 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank had suspended payments and trustees were winding up the defunct Germania Savings Bank; depositors had received 75% and sought remaining dividends.
Newspaper Excerpt: the bank suspended paymenut January 7, 1887, and that the depositors had received seventy-five per cent. of their deposits.
Source: newspapers

2. November 2, 1891 Other

Newspaper Excerpt: Councellor Abraham Van Horne applied to the Chancellor this morning for an order directing the Trustees who are winding up the defunct Germania Savngs Bank to submit to the Court a stateout of the bank's affairs. The petition was filed in behalf Valentine Lindermann and 550 other depositors.
Source: newspapers

3. March 14, 1892 Other

Newspaper Excerpt: A meeting of the Germania Bank depositors was held yesterday afternoon ... A resolution was adopted to the effect that unless the last dividend was paid at a very early date a Receiver would be applied for.
Source: newspapers

Newspaper Articles (2)

1. November 2, 1891 The Jersey City News Jersey City, NJ

Article from The Jersey City News, November 2, 1891

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Article Text

GERMANIA BANK. The Chancellor May Take a Hand in Its Affairs. Councellor Abraham Van Horne applied to the Chancellor this morning for an order directing the Trustees who are winding up the defunct Germania Savngs Bank to submit to the Court a stateout of the bank's affairs. The petition was filed in behalf Valentine Lindermann and 550 other depositors. It sets forth the fa ct that the bank suspended paymenut January 7, 1887, and that the depositors had received seventy- five per cent. of their deposits. The petitioners believed that there were enough assets to Day the remaining twenty-five per cent. They are unable to obtain any tn' ment from the trustees, they say, "why are all poor people and in need of the money. The Chancellor made an

2. March 14, 1892 The Jersey City News Jersey City, NJ

Article from The Jersey City News, March 14, 1892

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Article Text

Germania Bank Depositors. A meeting of the Germania Bank depositors was held yesterday afternoon at No. 316 Third street. A resolution was adopted to the effect that unless the last dividend was paid at a very early date a Receiver would be applied for.