National City Bank - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1461
Charter Number: 1461
Start Date: June 29, 1901
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: fba3b4a9

Response Measures

None

Description

Article (Alexandria Gazette, 1901-07-02) states 'National City Bank, which failed Saturday.' That implies a failure/closure (receiver likely). No explicit run is described in the text. Date inferred: Saturday before July 2, 1901 is 1901-06-29. Cause is assigned as bank-specific adverse information / control problems implied by 'the same interests that controlled the National City Bank'.

Events (1)

1. June 29, 1901 Receivership

Newspaper Excerpt: the National City Bank, which failed Saturday, dominated the affairs of the Niagara Bank.
Source: newspapers

Newspaper Articles (1)

1. July 2, 1901 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, July 2, 1901

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Article Text

Another Bank Failure, Buffalo, N. Y, July 2.-The Niagara Bank was elosed at 10:10 o'clock this moining. The closing of the Niagara Bank W&S but the sequel of the closing of the City National. New York, July 2.-Failure of the Niagara Bank at Buffalo caused DO surprise in Wall street. It was known to be weak and the suspension was expected. The same in terests that controlled the National City Bank, which failed Saturday, dominated the affairs of the Niagara Bank. The Niagara Bank's capital was $100,000. The deposits were less than 1,000,000,