15277. Abingdon Square Savings Bank (New York, NY)

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
776d5c2c

Response Measures

None

Description

Articles are obituaries (1902) noting Frank Thompson had been receiver of the Abingdon Square Savings Bank which had been wrecked by the Tweed ring and was successfully closed for depositors (paid ~93%). No contemporaneous run or suspension date is given; the bank was put in receivership and wound up previously (19th century). Classified as suspension_closure because the bank was wrecked and placed in receivership and closed.

Events (1)
1. * Receivership
Newspaper Excerpt
He was receiver of the Abington Square Bank, in New York, which was wrecked by the Tweed ring. He successfully conducted the bank and paid 93 per cent of the deposits.
Source
newspapers

Newspaper Articles (2)
1. August 14, 1902 The Evening Times Washington, DC
Article from The Evening Times, August 14, 1902

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Article Text

# ABLE FINANCIER DEAD. Served as Receiver for Bank Wrecked by Tweed Ring. BALLSTON, N. Y., Aug. 14.-Frank Thompson, millionaire and retired lawyer, died suddenly this morning at his home here, aged 59. He was receiver of the Abington Square Bank, in New York, which was wrecked by the Tweed ring. He successfully conducted the bank and paid 93 per cent of the deposits. Mr. Thompson's estate is estimated at a million and a half.

2. August 15, 1902 New-York Tribune New York, NY
Article from New-York Tribune, August 15, 1902

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Article Text

FRANK THOMPSON. Ballston. N. Y. Aug. 14.-Frank Thompson, formerly a lawyer of New-York City, died here today after an illness of eight hours, from cedema of the lungs. He was fifty-nine years old, and was a graduate of Columbia College and Law School In 188+ he was appointed receiver of the Abingdon Square Savings Bank of New-York. and successfully closed its affairs for the depositors. His mind gave way under the strain of this work, and he never recovered his mental balance. He was unmarried, and left a large estate.