15102. State Bank (Forestville, NY)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
June 21, 1905
Location
Forestville, New York (42.468, -79.177)

Metadata

Model
gpt-5-mini
Short Digest
782e6b44

Response Measures

Full suspension, Books examined

Description

Newspapers report a run on the State Bank of Forestville/Forrestville on June 21, 1905 tied to its close relations with the Fredonia National Bank (closed by federal authorities). Directors closed/suspended the bank on June 21; a state examiner arrived June 22 and investigators believed the bank was solvent and would be permitted to reopen. OCR shows variant spellings (Forrestville/Forestville) corrected to Forestville, NY.

Events (4)
1. June 21, 1905 Run
Cause
Correspondent
Cause Details
Run triggered by close business relations with Fredonia National Bank, which had just been closed by federal authorities.
Measures
Directors were called together and decided to close the bank doors.
Newspaper Excerpt
After a run on the State bank of Forrestville, caused no doubt by the well known fact that it had close business relations with the Fredonia National bank, just closed by the federal authorities
Source
newspapers
2. June 21, 1905 Suspension
Cause
Correspondent
Cause Details
Suspension/closing followed the run fueled by ties to the closed Fredonia National Bank.
Newspaper Excerpt
the directors were called together and at a conference decided to close the bank doors. Cashier Allen said the bank has resources ample to pay all depositors in full.
Source
newspapers
3. June 22, 1905 Other
Newspaper Excerpt
C. W. Harmons, of the State banking department, has arrived in Forestville, and begun an examination of the State Bank, which suspended. The opinion prevails that it is solvent and will be permitted to reopen. The excitement over the closing of the Fredonia National Bank is subsiding.
Source
newspapers
4. June 22, 1905 Reopening
Newspaper Excerpt
The opinion prevails that it is solvent and will be permitted to reopen.
Source
newspapers

Newspaper Articles (3)
1. June 21, 1905 The Bennington Evening Banner Bennington, VT
Article from The Bennington Evening Banner, June 21, 1905

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Article Text

Forrestville (N. Y.) Bank Closed. DUNKIRK, N. Y,, June 21.-After a run on the State bank of Forrestville, caused no doubt by the well known fact that it had close business relations with the Fredonia National bank. just closed by the federal authorities, the directors were called together and at a conference decided to close the bank doors. Cashier Allen said the bank has resources ample to pay all depositors in full.

2. June 21, 1905 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, June 21, 1905

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Article Text

Forrestville, (N. Y.) Bank Closed. DUNKIRK, N. Y., June 21.-After a run on the State bank of Forrestville, caused no doubt by the well known fact that It had close business relations with the Fredonia National bank, just closed by the federal authorities, the directors were called together and at a conference decided to close the bank doors. Cashier Allen said the bank has resources ample to pay all depositors in full.

3. June 22, 1905 The Washington Times Washington, DC
Article from The Washington Times, June 22, 1905

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Article Text

FORESTVILLE BANK MAY PROVE TO BE SOLVENT DUNKIRK, N. Y., June 22.-C. W. Harmons, of the State banking department, has arrived in Forestville, and begun an examination of the State Bank, which suspended. The opinion prevails that it is solvent and will be permitted to reopen. The excitement over the closing of the Fredonia National Bank is subsiding.