Oswego City Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: January 1, 1879*
Location: Oswego, New York (43.455, -76.510)

Metadata

Model: gpt-5-mini
Short Digest: 65796e8b

Response Measures

None

Description

The article reports a suspension in 1879 followed by reorganization and resumption of business; by 1884 the bank is making partial repayments to depositors. Cause of the 1879 suspension is not specified in the text, so classified as 'other'.

Events (3)

1. January 1, 1879* Suspension

Cause Details: Article states the bank suspended in 1879 but gives no explicit cause.
Newspaper Excerpt: When the Oswego City Savings Bank suspended in 1879 there was due the depositors $530,000.
Source: newspapers

2. May 9, 1884 Other

Newspaper Excerpt: To-day the bank announced that 5 per cent of the amount thus surrendered in 1879 would be paid them on on before June 1. The bank has regained the confidence of the people and now holds over $600,000 in deposits.
Source: newspapers

3. * Reopening

Newspaper Excerpt: When the bank was reorganized the depositors received 90 per cent, surrendering 10 per cent of their deposits to enable the bank to resume business.
Source: newspapers

Newspaper Articles (1)

1. May 11, 1884 New-York Tribune New York, NY

Article from New-York Tribune, May 11, 1884

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Article Text

A BANK PAYING DEPOSITORS' LOSSES. Oswago, May 9.-When the Oswego City Savings Bank suspended in 1879 there was due the depositors $530,000. When the bank was reorganized the depositors received 90 per cent, surrendering 10 per cent of their deposits to enable the bank to resume business. To-day the bank announced that 5 per cent of the amount thus surrendered in 1879 would be paid them on on before June 1. The bank has regained the confidence of the people and now holds over $600,000 in deposits.