State Bank - Hilton, NY

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: December 16, 1931
Location: Hilton, New York (43.288, -77.793)

Metadata

Model: gpt-5-mini
Short Digest: 95cc7820

Response Measures

Full suspension

Description

Article (Democrat and Chronicle, 1931-12-17) reports the State Bank of Hilton closed doors on Dec 16, 1931 to protect its assets after a few withdrawals and because several nearby banks had closed. The piece does not state whether the bank later reopened or went into receivership.

Events (2)

1. December 16, 1931 Run

Cause: Local Banks
Cause Details: Several banks in the vicinity closed, prompting a small run/withdrawals at the State Bank of Hilton.
Measures: Board of directors closed the bank to protect assets.
Newspaper Excerpt: Due the fact that several banks in vicinity closed the few run made on this at o'clock the bank closed by the board of directors
Source: newspapers

2. December 16, 1931 Suspension

Cause: Local Banks
Cause Details: Closure ordered by board of directors in response to runs and nearby bank failures/closures.
Newspaper Excerpt: Hilton Dec 16-The State Bank of Hilton closed doors this afternoon to protect its assets.
Source: newspapers

Newspaper Articles (1)

1. December 17, 1931 Democrat and Chronicle Rochester, NY

Article from Democrat and Chronicle, December 17, 1931

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Article Text

Hilton Bank Closes To Protect Depositors Hilton Dec 16-The State Bank of Hilton closed doors this afternoon to protect its assets. A statement said "Due the fact that several banks in vicinity closed the few run made on this at o'clock the bank closed by the board of directors in order to protect Rotary League