Bank of Clayton - Clayton, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1884*
Location: Clayton, New York (44.239, -76.086)

Metadata

Model: gpt-5-mini
Short Digest: bb12ee9d

Response Measures

None

Description

Article (New-York Tribune, 1885-01-07) states the Bank of Clayton 'went into voluntary liquidation, paying its depositors in full.' No run is mentioned; this is a voluntary suspension leading to closure. Exact liquidation date not given (occurred during the year ending July 1, 1884).

Events (1)

1. January 1, 1884* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank entered voluntary liquidation and paid depositors in full during the reporting year (by July 1, 1884).
Newspaper Excerpt: One bank, the Bank of Clayton, went into voluntary liquidation, paying its depositors in full.
Source: newspapers

Newspaper Articles (1)

1. January 7, 1885 New-York Tribune New York, NY

Article from New-York Tribune, January 7, 1885

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Article Text

capital from $19,353,200 to $22,150,700, the deposits from $52,259,589 to $109,560,534, the loans and dis counts from $51,174,579 to $88,515,326, the profits and surplus from $7,236,465 to $11,792,902 and the total resources from $86,693,182 to $157,446,275. During the year ten banks, with an aggregate capital of $1,235,000, were granted certificates; of these, two-the Mechanics and Traders' and the Wall Street banks of New-York City-changed from the National to the State system. One bank, the Bank of Clayton, went into voluntary liquidation, paying its depositors in full. and four banks --the Manufacturers' (Amsterdam), Atlantic (Brooklyn), Wall Street (New-York) and the State Bank (Fort Edward)-were placed in the hands of receivers. With one exception it is thought that these banks will pay their depositors in full, and return a large percentage to the stockholders. CONDITION OF TRUST, LOAN AND MORTGAGE COMPANIES. The following summary of the condition of the twenty trust, loan and mortgage companies is given in the report: 1983 July 1. 1884.