Northern Bank - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 21, 1916
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 1096a25f

Response Measures

None

Description

Article (The Sun, 1916-06-21) states the Northern Bank of New York is now in liquidation and describes sale of the bank's properties. No explicit run is mentioned; the bank has failed and is in liquidation/receivership, so classified as suspension_closure (suspension leading to permanent closure/receivership).

Events (1)

1. June 21, 1916 Receivership

Newspaper Excerpt: Depositors in the Northern Bank of New York, now in liquidation, will receive little money from the sale of properties of the bank held yesterday.
Source: newspapers

Newspaper Articles (1)

1. June 21, 1916 The Sun New York, NY

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Article Text

FAILED BANK'S PROPERTY SOLD. Depositors in the Northern Bank of New York, now in liquidation, will recelve little money from the sale of properties of the bank held yesterday. The prices were low and comparatively little will be left to pay claims after the cost of the sale has been settled. Leonard Welll, an operator. purchased the largest parcel. a five story apartment house, on plot 52.6x105, at the southwest corner of Bristow and 170th streets, for which he paid $1,275 over a prior mortgage and other charges amounting to $54,750. Another operator. Emanuel G. Bach, purchased for $150 the five inch strip running back 48 feet at the southeast corner of Overing street and Maclay avenue. Minnie Neuschaffer purchased the four story tenement on plot 46x102x irregular at the northeast corner of Marion avenue and 195th street for $24,800 and Clarence B. Kane secured the five story flat at the southeast corner of Davidson avenue and North street for $21,100. Three other vacant parcels, on Hughes avenue. northwest corner of 178th street : on Maclay avenue, south of Overing street, and a plot fronting on Westchester creek, were struck down to Irving Woodworth at bids aggregating $14,250.