Abingdon Square Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: *
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: b4a6c708

Response Measures

None

Description

Article (1882-01-23) lists 'Abington Square' among 21 savings banks that have failed in New York in the prior decade and are still in receivership. OCR shows 'Abington' but the provided bank name is Abingdon Square; corrected to Abingdon Square Savings Bank. No run or suspension date given in the clip; failure/receivership is reported.

Events (1)

1. * Receivership

Newspaper Excerpt: 16 of these broken banks - the Abington Square ... - have thus far yielded to the depositors an aggregate of $4,099,627.52 and to the receivers a sum total of $792,095.48.
Source: newspapers

Newspaper Articles (1)

1. January 23, 1882 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, January 23, 1882

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Article Text

THE profession of receiver is a good one in New York. The Herald gives what it calls "an outstanding exhibit" of 21 savings banks which have failed within the last 10 years in that city, all but three of which are still in the limbo of the courts. The exact figures were not accessible in every case, and there are supposed to be considerable fees accrued which are not yet reported; but 16 of these broken banks-the Abington Square, Bond Street, Bowling Green, Clairmont, Clinton, Central Park, German, German Uptown, Guardian, Market, Mutual Benefit, People's Teutonia, Third Avenue, Trades and Yorkville-have thus far yielded to the depositors an aggregate of $4,099,627.52 and to the receivers a sum total of $792,095.48. The last mentioned class are also likely to take pretty much all there is left.