State Bank of Commerce - Brockport, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 16, 1931
Location: Brockport, New York (43.214, -77.939)

Metadata

Model: gpt-5-mini
Short Digest: 635b33b6

Response Measures

None

Description

The article headline/lead states the State Bank of Commerce was closed in Brockport, N.Y. (Dec 16, 1931). The supplied text is truncated and gives no details on runs, receivership, or cause, so I classify this as a suspension that resulted in closure (suspension_closure) with cause unknown/other.

Events (1)

1. December 16, 1931 Suspension

Cause Details: Article text is truncated and provides no information about the reason for the closure; cause cannot be determined from the excerpt.
Newspaper Excerpt: STATE BANK OF COMMERCE CLOSED IN BROCKPORT, N Y BROCKPORT. N Y. Dec 16 The State Bank of Commerce was
Source: newspapers

Newspaper Articles (1)

1. December 17, 1931 The Boston Daily Globe Boston, MA

Article from The Boston Daily Globe, December 17, 1931

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Article Text

WORK BEGUN ON FEDERAL NATIONAL BANK BOOKS The work of examining the books of the Federal National Bank of Boston and organizing a receivership was begun yesterday the direction of Herbert Pearson, Federal receiver, representing the Controller of the Currency at Washington. Mr Pearson arrived at the bank yesterday morning and plunged into series of conferences with Fred D. Williams, chief national bank examiner for New England: Michael Hurley, national bank examiner, who was temporarily 11 charge of the bank, and officials of the closed bank. He said the matter will be handled under the National Bank Act and all legal rights will be fully protected. "We consider that receiver's first duty is to look after the interests of the depositors, he said. can see no why the closing of the Federal National Bank should cause any uneasiness connection with other banks not affiliated with it. The first thing to do in connection with the Federal National is to of assets and liabilities, up set of receiver's books and then receiver's office. After that we will go ahead and do business. "This organization of a receiver's office with the of schedules IN not small job by any means. It will take time. "I am not familiar with Boston banking methods and banking needs and we have got to establish an entirely new Mr Pearson also has charge of the five branches of the Federal Bank and three affiliated national banks in Lynn, Gloucester and Lowell. STATE BANK OF COMMERCE CLOSED IN BROCKPORT, N Y BROCKPORT. N Y. Dec 16 The State Bank of Commerce was