Dime Savings Bank - New Brunswick, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 8, 1887
Location: New Brunswick, New Jersey (40.486, -74.452)

Metadata

Model: gpt-5-mini
Short Digest: e4432389

Response Measures

None

Description

Article (New-York Tribune, 1887-12-08) refers to the bank as defunct and announces a final dividend for depositors, indicating the bank previously suspended/closed and is in liquidation/receivership. No run is mentioned in the text. Date of article used as event date for the receivership/final dividend announcement.

Events (2)

1. December 8, 1887 Other

Newspaper Excerpt: Announcement of a final dividend (probably twenty per cent) for depositors of the defunct Dime Savings Bank of New-Brunswick.
Source: newspapers

2. December 8, 1887 Receivership

Newspaper Excerpt: The announcement of a final dividend, probably of twenty per cent, for depositors of the defunct Dime Savings Bank, of New-Brunswick, was made yesterday.
Source: newspapers

Newspaper Articles (1)

1. December 8, 1887 New-York Tribune New York, NY

Article from New-York Tribune, December 8, 1887

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Article Text

NEWS FROM THE SUBURBS. NEW-JERSEY. The announcement of a final dividend, probably of twenty per cent, for depositors of the defunct Dime Savings Bank, of New-Brunswick, was made yesterday. The Essex County Toboggan Club, of West Orange, Is making preparations for a brilliant season, contingent upon the supply of snow. A new club-house_ has been erected on the Valley road and will be completely equipped. The club has a membership of over 200 with James R. Pitcher, of Short Hills, president; Elscha A. Morris, of East Orange, secretary; and Dr. Valentine Mott, of New-York, treasurer. State Senator John W. Griggs, of Paterson, N. J., has been appointed receiver of the Passale Bleachery, at Passaic City, generally known as the Watson Bleachery, one of the oldest there. Rumor puts liabilities at about eighty thousand and assets about a hundred thousand dollars. The general impression Is that putting the concern into receivership is to a great extent a formal proceeding and that there will be no change of management.