16357. New York Building Loan Banking Company (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1903*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
898a3001

Response Measures

None

Description

No bank run is described in the articles. The New York Building Loan Banking Company entered receivership circa 1903 and remained in receivership for nearly ten years; articles record the receiver's final accounting and the winding up of the company in 1912. Classified as suspension_closure because the bank was in receivership and permanently wound up.

Events (3)
1. January 1, 1903* Receivership
Newspaper Excerpt
which became financially involved in 1903.
Source
newspapers
2. April 14, 1912 Receivership
Newspaper Excerpt
David H. Hyman filed yesterday in the Supreme Court his final accounting as receiver of the New York Building Loan Banking Company.
Source
newspapers
3. July 4, 1912 Other
Newspaper Excerpt
The affairs of the New York Building Loan Banking Company... were wound up yesterday under an order by Supreme Court Justice Gerard approving the final accounting of Receiver David H. Hyman.
Source
newspapers

Newspaper Articles (2)
1. April 14, 1912 New-York Tribune New York, NY
Article from New-York Tribune, April 14, 1912

Click image to open full size in new tab

Article Text

CREDITORS GET 25 PER CENT Receiver of New York Building Loan Banking Co. Reports. David H. Hyman filed yesterday in the Supreme Court his final accounting as receiver of the New York Building Loan Banking Company. which became financially involved in 1903. The report of the receiver shows when the final payment is made to creditors about 25 per cent of the corporation's indebtedness of more than $2,000,000 will have been paid.

2. July 4, 1912 The Sun New York, NY
Article from The Sun, July 4, 1912

Click image to open full size in new tab

Article Text

LONG RECEIVERSHIP ENDED. Stockholders of N.Y.Ballding Loan Banking Co. Get 24 3-4 Per Cent. The affairs of the New York Building Loan Banking Company. which has been in the hands of receivers for nearly ten years, were wound up yesterday under an order by Supreme Court Justice Gerard approving the final accounting of Receiver David H. Hyman. Under the court's order a final dividend of $54,094. or 2½ per cent. will be paid to the stockholders, which will make a total of 2434 per cent. The receiver is to keep $9,676 as his commission out of the $82,102 he collected, and his attorney, Charles W. Dayton Jr., gets $10,000 for his services to date. The court directed the receiver to retain $8,331 for the expense of paying the final dividend and closing up the business.