Empire City Bank - New York, NY

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: October 24, 1907
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 54aa633c

Response Measures

None

Description

Article (Oct 24, 1907) reports Empire City Bank in New York has taken advantage of the thirty-day clause and suspended payments temporarily. No run is described; suspension appears voluntary/temporary to restore confidence following other nearby suspensions (e.g., Hamilton National).

Events (1)

1. October 24, 1907 Suspension

Cause: Local Banks
Cause Details: Temporarily suspended under thirty-day clause to restore confidence after nearby Hamilton National bank suspended; suspension appears precautionary/contagion response.
Newspaper Excerpt: The Empire City bank, next door, has taken advantage of the thirty-day clause in its charter and suspended payments for that period.
Source: newspapers

Newspaper Articles (1)

1. October 24, 1907 The Richmond Palladium and Sun-Telegram Richmond, IN

Article from The Richmond Palladium and Sun-Telegram, October 24, 1907

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Article Text

OTHER BANKS SUSPEND. New York, Oct. 24.-The Hamilton National bank suspended payments this morning. The bank is solvent but suspended payment until confidence is restored. The Empire City bank, next door, has taken advantage of the thirty-day clause in its charter and suspended payments for that period. The Twelfth Ward bank also suspended. The state banking department is in charge of that and the Hamilton bank.