Kensington Bank - Brooklyn, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 7, 1932
Location: Brooklyn, New York (40.660, -73.951)

Metadata

Model: gpt-5-mini
Short Digest: ebd9d82d

Response Measures

None

Description

Article (1932-01-07) describes Kensington Bank being taken over after fraud (embezzlement) and mentions Municipal Bank of Brooklyn takeover and closure. No explicit run or depositor panic is described; event appears to be a suspension/closure due to bank-specific fraud.

Events (2)

1. January 7, 1932 Receivership

Newspaper Excerpt: taken over by the Municipal Bank Brooklyn, which in turn closed ... Handrulis defrauded ... depositing bank through ... theft ... pleaded guilty charge grand second degree
Source: newspapers

2. January 7, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Alleged fraud/defalcation by officers (theft/larceny) led to intervention and takeover by Municipal Bank of Brooklyn.
Newspaper Excerpt: the Kensington Bank ... taken over by the Municipal Bank Brooklyn
Source: newspapers

Newspaper Articles (1)

1. January 7, 1932 The Brooklyn Daily Times Brooklyn, NY

Article from The Brooklyn Daily Times, January 7, 1932

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Article Text

BANK FRAUD GUILT Enters Second Degree Plea in Kensington Be Sentenced Jan. 18. 25 86th st., believed have surrendered all he owned making restitution old Kensington Bank Flatbush. appeared today before County Judge Taylor and pleaded guilty charge grand second degree. continued liberty under bail pending one indicted in the lapse the Kensington Bank taken over by the Municipal Bank Brooklyn, which turn closed alleged Handrulis defrauded three depositing bank through nivance Specifically charged theft his paid Lambert president the bank, acquitted charge grand larency. Joseph five Sing Sing for part two Henry Hamm Michael Abramawaiting sentence following their pleas guilty charges grand larceny in the second gree.