National Bank of Albion

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Start Date: January 1, 1882*
Location: Albion, New York (43.246, -78.194)

Metadata

Model: gpt-5-mini
Short Digest: 12a2218f

Response Measures

None

Description

Article states the National Bank of Albion (Albion, NY) failed in 1882 and was placed in receiver W. Anderson after the president absconded having lost bank funds in stock speculation. This is a bank failure with receivership due to bank-specific malfeasance (embezzlement/speculation). No run is mentioned.

Events (1)

1. January 1, 1882* Receivership

Newspaper Excerpt: In 1882 the National bank of Albion, N.Y., failed, and was placed in the hands of W. Anderson, receiver.
Source: newspapers

Newspaper Articles (1)

1. May 3, 1888 The Emporia Weekly News Emporia, KS

Article from The Emporia Weekly News, May 3, 1888

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Article Text

Squeezing the Brokers. NEW YORK, April 27.-In 1882 the National bank of Albion, N.Y., failed, and was placed in the hands of W. Anderson, receiver. The president, Geo. H. Warner, had run away to Canada, after having lost $225,000 of the bank's money in stock speculations through Kissam, Whitney & Co., stock brokers of Wall street, this city. The receiver began suit against Kissam, Whitney & Co. for the recovery of this money, claiming that they had guilty knowledge of Warner's peculations and knew that he was using the the bank's money in speculating. For ten days past the case has been on trial in the United States circuit court before Judge Wal-