Merchants National Bank - Binghamton, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2136
Charter Number: 2136
Start Date: June 25, 1903
Location: Binghamton, New York (42.099, -75.918)

Metadata

Model: gpt-5-mini
Short Digest: 4e1ed758

Response Measures

None

Description

Article (New-York Tribune, 1903-06-25) lists the receiver of the Merchants' National Bank of Binghamton, NY as a principal creditor in a bankruptcy petition, indicating the bank had a receiver assigned (closed). No article text describes a prior run or temporary suspension/reopening, so classified as suspension leading to closure/receivership.

Events (3)

1. February 24, 1874 Chartered

Source: historical_nic

2. June 25, 1891 Voluntary Liquidation

Source: historical_nic

3. June 25, 1903 Receivership

Newspaper Excerpt: Principal creditor, receiver of the Merchants' National Bank of Binghamton, N. Y., $1,986.
Source: newspapers

Newspaper Articles (1)

1. June 25, 1903 New-York Tribune New York, NY

Article from New-York Tribune, June 25, 1903

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Article Text

# PETITIONS IN BANKRUPTCY. The following petitions in bankruptcy were filed yesterday with the clerk of the United States District Court: THOMAS J. DUFFY, No. 356 West Forty-third-st. Liabilities, $4,040; assets, $3,010. Principal creditor, Frank Caggili, of Houston, Tex., who recovered a judgment against the petitioner for $1,000 for personal damages. Duffy has an interest in cabs to the amount of $900, and schedules a fire insurance policy of $2,000 as assets. J. BOROWSKY, Tarrytown. Liabilities, $3,618; assets, $1,000. Principal creditor, B. Bernstein, No. 676 Broadway, $398. Petitioner has stock valued at $1,000 and accounts for $300. STEPHEN H. SHARPSTEEN, No. 115 West One-hundred-and-sixth-st. Liabilities, $2,473; assets, $1,000. Principal creditor, receiver of the Merchants' National Bank of Binghamton, N. Y., $1,986. Principal asset, insurance valued at $300, remainder being exempted. SIGMUND and SOLOMON SEELIG, trading as Seelig Brothers, at No. 27 St. Mark's Place. Liabilities, $1,128; assets, $50. Principal creditor, Charles M. Stevens, Philadelphia, $261. Creditors all residents of Philadelphia.