Sea Cliff Bank - Sea Cliff, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1907*
Location: Sea Cliff, New York (40.849, -73.645)

Metadata

Model: gpt-5-mini
Short Digest: b4a80fb5

Response Measures

None

Description

Article (1931) recounts that the Sea Cliff bank closed in the panic of 1907 and did not resume; the Jenkins family later repaid creditors over 24 years. Closure attributed to the Panic of 1907 (macro/systemic event). No discrete run on the specific bank is described in the excerpt.

Events (1)

1. January 1, 1907* Suspension

Cause: Macro News
Cause Details: Closed during the Panic of 1907, part of a broader wave of bank failures and suspensions during that systemic crisis.
Newspaper Excerpt: First National Bank of Brooklyn, Williamsburg Trust company, Hillside bank of Richmond Hill, Jenkins Trust company, Terminal bank and Sea Cliff bank closed in 1907.
Source: newspapers

Newspaper Articles (1)

1. August 14, 1931 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, August 14, 1931

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Article Text

Worked Twenty Four Years To Save The Honor Of Family Banks of Jenkins Firm MAYOR WALKER in 1907Collapsed Died -Father Son RETURNS MEDAL Started in to Pay Cred= OF DEAD FLYER itors-Last One Satisfied Yesterday - He Von Hunefeld Had Given It Paid Back $1,300,000 to Balchen and Latter and He Didn't Have to Gave It to Mayor-Lat= Do It ter Gives It to Baroness Mineola, L. I., Aug 14-(UP)New York, Aug -,-(UP)-A The prosaic record of a satisfied bronze medal worn by Baron judgment revealed to-day that John G. Jenkins, Jr. member of Ehrenfried Gunther Von Hunefeld a banking family whose banks on his flight across the Atlantic in failed in the panic of 1907, had 1928 has been reutrned to the late assumed $1,300,000 in obligations flyer's mother in Germany by he might have evaded in the bank. ruptcy court, and paid off the last Mayor James J. Walker of New creditor. York. Mayor Walker told of meeting the baroness and of returnring Admiration was expressed by the heirloom to her when he broad. bankers and former depositors in cast a talk to the United States the Jenkins banks at the 24-year by short wave radio last night. fight Jenkins waged to preserve his "You remember the story when family's integrity. In all the time Bernt Balchen and Floyd Bennett Jenkins was earning and saving flew to Greenley Island to bring money for the creditors hel ived relief to Hunefeld, Koehl and Fitzsimply In his home at Sea Cliff. maurice," Walker recalled. "Out using only a small portion of his of appreciation Hunefeld gave incomes for his family's needs. Balchen a medal, an heirloom that When the Jenkins banks-the had been in his family for many First National Bank of Brooklyn. generations. In turn to-day 1 had Williamsburg Trust company, Hillthe great satisfaction of going with side bank of Richmond Hill. Balchen and Koehl to the home of Queens, Jenkins Trust company the haroness. There I experienced Terminal bank and Sea Cliff bank the great delight of presenting to -closed in 1907. depositors first her the medal which her son had refused to believe it. given to Balchen, and which in The senior Jenkins, who with turn Balchen had given me." his sons controlled the institutions, Mayor Walker spoke highly of was regarded as one of the sound. 'the courage, the hope, the deterest bankers in Brooklyn. The crash mination as well as the optimism' created as great a sensation as the with which Germany was facing recent closing of the Bank of the economic crisis. "There may United States. be a depression in Germany but Public resentment flared. The it does not extend to hospitality, officials were indicted. Within a he added. few months the elder Jenkins died of grief over the failure. BIRTH OF A SON. To-day the son. recalling the 24 years following the crash, said: Montreal, Aug 14-(UP)-Lady (Continued on Page 8) Bessborough, wife of the Governor