Brooklyn Bank - Brooklyn, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 19, 1911
Location: Brooklyn, New York (40.660, -73.951)

Metadata

Model: gpt-5-mini
Short Digest: 9dfd772e

Response Measures

None

Description

Article (New-York Tribune, 1911-05-19) reports that Brooklyn Bank is in receivership and discusses reduced receiver and counsel fees. No mention of any depositor run in the provided article. Receivership implies the bank had suspended and remained closed/was wound up; therefore classified as suspension_closure. Bank type inferred as state-chartered (name lacks 'National' or 'Trust').

Events (1)

1. May 19, 1911 Receivership

Newspaper Excerpt: The Court of Appeals to-day dismissed the appeal of the Brooklyn Bank receivers from the decision of the Appellate Division, reducing the fees of Bruyn Hasbrouck, as receiver, ... Charles M. Higgins, also a receiver, had his fees reduced ... Both Church and Swanstrom are dead.
Source: newspapers

Newspaper Articles (1)

1. May 20, 1911 New-York Tribune New York, NY

Article from New-York Tribune, May 20, 1911

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Article Text

BANK RECEIVERS LOSE Fees of Hasbrouck, Swanstrom and Church Stay Reduced. Albany, May 19.-The Court of Appeals to-day dismissed the appeal of the Brooklyn Bank receivers from the decision of the Appellate Division, reducing the fees of Bruyn Hasbrouck, as receiver, from $23,000, as fixed by the special term, to $16,000, and that of J. Edward Swanstrom and James C. Church, as counsel, from $22,000 to $14,000. Charles M. Higgins, also a receiver, had his fees reduced from $19,000 to $12,000, less $4,000, which he voluntarily returned. Both Church and Swanstrom are dead.