Bank of Commerce - Buffalo, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 6, 1898
Location: Buffalo, New York (42.886, -78.878)

Metadata

Model: gpt-5-mini
Short Digest: 14062ffc

Response Measures

None

Description

Article (New-York Tribune, 1898-10-07) states receivers H. H. Persons and John R. Hazel are receivers for the Bank of Commerce, Buffalo, indicating the bank has been placed in receivership (closed). No run or reopening is mentioned in the text provided.

Events (1)

1. October 6, 1898 Receivership

Newspaper Excerpt: a suit for this amount is now pending in the United States District Court for Erie County, N. Y., against H. H. Persons and John R. Hazel, receivers for the Bank of Commerce.
Source: newspapers

Newspaper Articles (1)

1. October 7, 1898 New-York Tribune New York, NY

Article from New-York Tribune, October 7, 1898

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Article Text

# HE BORROWED MUCH MONEY. A JERSEYMAN ACKNOWLEDGES A LARGE INDEBTEDNESS, WITH ONLY HYPOTHETICAL ASSETS. Trenton. N. J., Oct. 6.-A bankruptcy petition has been filed in the United States District Court for New-Jersey by Andrew Brown, of Millburn, N. J. The petition says that Brown is indebted to the extent of $841,858.58, consisting principally of judgments obtained upon promissory notes. The creditors are in most instances either banks or individuals who accommodated Brown. In his petition Brown says he has assets amounting to $271,000. This is made up of a claim against the Bank of Commerce, of Buffalo. Brown states in his petition that in accordance with an agreement made in August, 1895, he turned over to the bank a large amount of real estate and other property. The bank, he charges, failed to carry out its part of the agreement, and he has been damaged to the extent of $271,000. A suit for this amount is now pending in the United States District Court for Erie County, N. Y., against H. H. Persons and John R. Hazel, receivers for the Bank of Commerce. The amount due by Brown to his creditors is for debts incurred in 1889 and since that time.