M Berardini State Bank - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 31, 1931
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 0aa27b50

Response Measures

None

Description

Article (AP) reports the M. Berardini State Bank in New York was closed Oct 31, 1931 for non-liquid condition and depreciation of assets; a state bank examiner was appointed to aid in liquidation, indicating permanent closure/receivership rather than a temporary suspension. No run is mentioned.

Events (2)

1. October 31, 1931 Receivership

Newspaper Excerpt: Charles Murray, state bank examiner, was appointed special deputy bank superintendent to aid in the bank's liquidation.
Source: newspapers

2. October 31, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closed due to non-liquid condition and depreciation of assets; state banking superintendent ordered closure.
Newspaper Excerpt: The M. Berardini State Bank ... was closed today. It had $1,100,000 deposits.
Source: newspapers

Newspaper Articles (1)

1. November 1, 1931 The State Journal Frankfort, KY

Article from The State Journal, November 1, 1931

Click image to open full size in new tab

Article Text

M. BERARDINI STATE BANK CLOSES DOORS NEW YORK, Oct. 31 (By A.P.)The M. Berardini State Bank, whose clients included mostly Italian residents and small shop keepers, was closed today. It had $1,100,000 deposits. Joseph A. Broderick. state banking superintendent. said the action was due to non-liquid condition and depreciation of assets. Charles Murray. clate bank examiner, was appointed special deputy bank superintendent to aid in the bank's liquidation.