German Savings Bank - Newark, NJ

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: December 12, 1877
Location: Newark, New Jersey (40.736, -74.172)

Metadata

Model: gpt-5-mini
Short Digest: 1fa68218

Response Measures

None

Description

Article (Dec 21, 1877) states German Savings Bank 'required three months notice,' which the reporter equates to suspension. No explicit run on this bank nor any mention of receivership or permanent closure, and no reopening is reported; I choose suspension_reopening as the least-committal positive category because there is suspension with no evidence of failure. Reason for suspension is not specified in the text.

Events (1)

1. December 12, 1877 Suspension

Cause Details: Required three months' notice (equated by the article to suspension); no explicit reason given in the text.
Newspaper Excerpt: and the German Savings bank required three months notice, an equivalent now-a-days to suspension.
Source: newspapers

Newspaper Articles (1)

1. December 21, 1877 The Emporia News Emporia, KS

Article from The Emporia News, December 21, 1877

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Article Text

A run on other banks followed the suspension of the Newark, N. J. Savings, bank on the 12th, and Dime Savings bank, and the German Savings bank required three months notice, an equivalent now-a-days to suspension. The Howard Institution met all demands.