Trust Company - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: February 20, 1902
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: f27da7ac

Response Measures

None

Description

Article (Feb 20, 1902) reports receivers appointed and an involuntary bankruptcy petition against the Trust Company of New York; no mention of depositor runs. This appears to be a court-ordered suspension leading to receivership/closure.

Events (2)

1. February 20, 1902 Receivership

Newspaper Excerpt: the same receivers have been appointed ... involuntary bankruptcy petition. In case the court rules jurisdiction for this district, the company will file an answer to the involuntary bankruptcy petition. -Knoxville Journal and Tribune.
Source: newspapers

2. February 20, 1902 Suspension

Cause: Government Action
Cause Details: Receivers were appointed by the courts in connection with an involuntary bankruptcy petition against the company.
Newspaper Excerpt: Trust company of New York and that in both courts the same receivers have been appointed
Source: newspapers

Newspaper Articles (1)

1. February 20, 1902 The Comet Johnson City, TN

Article from The Comet, February 20, 1902

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Article Text

Trust company of New York and that in both courts the same receivers have been appointed, that the company's home office is not in the federal division of the state of Tennessee in which the cause was brought, and the plea is made that the case be discontinued. In case the court rules jurisdiction for this district, the company will file an answer to the involuntary bankruptcy petition. -Knoxville Journal and Tribune.