National Bank - Albany, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 26, 1888
Location: Albany, New York (42.653, -73.756)

Metadata

Model: gpt-5-mini
Short Digest: 47c01a04

Response Measures

None

Description

Article (Apr 26, 1888) refers to W. Anderson, receiver of the national bank of Albany, N.Y., pursuing suit over losses caused by defaulting President George H. Warner. This indicates the bank was in receivership (closed). No mention of any depositor run or reopening in the text.

Events (1)

1. April 26, 1888 Receivership

Newspaper Excerpt: W. Anderson, receiver of the national bank of Albany, N. Y., against Kissam Whitney & company...the receiver claimed the brokers had guilty knowledge of Warners peculations.
Source: newspapers

Newspaper Articles (1)

1. April 26, 1888 Waterbury Evening Democrat Waterbury, CT

Article from Waterbury Evening Democrat, April 26, 1888

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Article Text

A BIG SUIT DECIDED. An Albany Bank to Recover About $150,000. NEW YORK, April 26.-In the suit of W. Anderson, receiver of the national bank of Albany, N. Y., against Kissam Whitney & company, brokers of this city, to recover $225,000 paid them by the defaulting President George H. Warner a verdict was rendered this morning in favor of the bank for $103,000 and $46,000 interest. The receiver claimed the brokers had guilty knowledge of Warners peculations.