Bank of North America - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 21, 1914
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 59baa1a4

Response Measures

None

Description

Article (dated Mar 21, 1914) states the Bank of North America 'would resume business' only after it is 'out of receivership' and that 'the doors ... should never have been closed.' This indicates the bank was closed and placed in receivership (government action). No run is described in the excerpt.

Events (2)

1. March 21, 1914 Receivership

Newspaper Excerpt: There will be time enough to talk about resuming business after the bank is out of receivership. The doors of the Bank of North America should never have been closed. — indicating receivership has been appointed for the bank.
Source: newspapers

2. March 21, 1914 Suspension

Cause: Government Action
Cause Details: Bank had been closed and placed in receivership; suspension appears to be by regulatory/government action
Newspaper Excerpt: Charles W. Morse refused today to commit himself as to whether the Bank of North America would resume business. Mr. Morse thinks there will be time enough to talk about resuming business after the bank is out of receivership.
Source: newspapers

Newspaper Articles (1)

1. March 24, 1914 Newark Evening Star and Newark Advertiser Newark, NJ

Article from Newark Evening Star and Newark Advertiser, March 24, 1914

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Article Text

MORSE TALKS ON BANK OF NORTH AMERICA NEW YORK, March 21.-Charles W. Morse refused today to commit himself as to whether the Bank of North America would resume business. Mr. Morse thinks there will be time enough to talk about resuming business after the bank is out of receivership. "The doors of the Bank of North America should never have been closed. It was perfectly solvent. The examinations made and developments since then show it to have been true."