Carnegie Trust Company - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: March 18, 1921
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 4ce1092a

Response Measures

None

Description

Article (Mar 18, 1921) reports final accounting and completion of liquidation/receivership begun in 1910. No run is mentioned. I classify this as suspension_closure because the bank remained closed and was wound up under receivership/liquidation.

Events (1)

1. March 18, 1921 Receivership

Newspaper Excerpt: CARNEGIE TRUST WIND-UP. Claims Against Company More Than $6,000,000. The final accounting of the Carnegie Trust Company was filed with Supreme Court Justice Newburger yesterday. This action closes the long history of suits ... and completes the process of liquidation begun in 1910. Claims against the institution amounted to more than $6,000,000. The total credit at present is little more than $340,000. Depositors have been paid 44 per cent. of the amount claimed. Preferred claim depositors and receivers have been paid in full.
Source: newspapers

Newspaper Articles (1)

1. March 18, 1921 The Evening World New York, NY

Article from The Evening World, March 18, 1921

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Article Text

CARNEGIE TRUST WIND-UP. Claims Against Company More Than $6,000,000. The final accounting of the Carnegie Trust Company was filed with Supreme Court Justice Newburger yesterday. This action closes the long history of suita, will and criminal, against the institution and completes the process of liquidation begun in 1910. Claims against the institution amounted to more than $6,000,000. The total credit at present is little more than $340,000. Depositors have been paid 44 per cent. of the amount claimed. Preferred claim depositors and receivers have been paid in full. No opposition was made to the application. Justice Newburger reserved decision although the acceptance of the application is assured.