Commercial Bank - Brooklyn, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 25, 1897
Location: Brooklyn, New York (40.660, -73.951)

Metadata

Model: gpt-5-mini
Short Digest: c379e16f

Response Measures

None

Description

Article (Dec 25, 1897) describes the Commercial Bank of Brooklyn as 'defunct' and refers to a receiver (William N. Dykman) who has paid depositors 88%. No run is mentioned; the bank is closed and in receivership. Suspension is not explicitly described in this short excerpt but closure/receivership is clear.

Events (3)

1. December 25, 1897 Other

Newspaper Excerpt: Directors Keeney and Snedeker to Be Sued. The Executive Committee ... directed its counsel to bring an action at once against Directors ... to recover the amount lost through the failure.
Source: newspapers

2. December 25, 1897 Receivership

Newspaper Excerpt: Receiver William N. Dykman has paid 88 per cent. to the depositors up to date.
Source: newspapers

3. December 25, 1897 Suspension

Cause Details: Article states bank is defunct and in receivership; no explicit cause for suspension given in this excerpt.
Newspaper Excerpt: the defunct Commercial Bank of Brooklyn
Source: newspapers

Newspaper Articles (1)

1. December 25, 1897 The Sun New York, NY

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Article Text

# Directors Keeney and Snedeker to Be Sued. The Executive Committee of the depositors' organization of the defunct Commercial Bank of Brooklyn has directed its counsel to bring an action at once against Directors Soth L. Keeney and Elbert Snedeker to recover the amount lost through the failure. The committee contends that the directors were "directly responsible for the employment of a dishonest cashier and the commission of illegal acts that caused the downfall of the bank." Receiver William N. Dykman has paid 88 per cent. to the depositors up to date.