First National Bank - Ticonderoga, NY

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 4491
Charter Number: 4491
Start Date: May 20, 1893
Location: Ticonderoga, New York (43.849, -73.423)

Metadata

Model: gpt-5-mini
Short Digest: 7adf2609

Response Measures

None

Description

Article (Burlington Weekly Free Press, 1893-05-25) reports a run on First National Bank of Ticonderoga triggered by failures of Hemmond, Bush & Co. and the Vermont Investment and Guarantee Company. It notes C. E. Bush, who was heavily interested in those firms, was also interested in the bank — suggesting concerns about the bank's connections to failed firms. No suspension, reopening, or closure is reported, so classified as run_only.

Events (3)

1. December 26, 1890 Chartered

Source: historical_nic

2. May 20, 1893 Run

Cause: Bank Specific Adverse Info
Cause Details: Failures of Hemmond, Bush & Co. and Vermont Investment & Guarantee Co.; C.E. Bush, who was heavily interested in those firms, was also interested in the First National Bank, raising solvency concerns.
Newspaper Excerpt: The failures of Hemmond, Bush & Co., and the Vermont investment and Guarantee company caused a run yesterday on the First national bank of Ticonderoga.
Source: newspapers

3. December 16, 1910 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. May 25, 1893 Burlington Weekly Free Press Burlington, VT

Article from Burlington Weekly Free Press, May 25, 1893

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Article Text

on Account of he O well Failures CROWN POINT, N. Y., May 21. - The failures of Hemmond, Bush & Co., and the Vermont investment and Guarantee company caused a run yasterday on the First national bank of Ticonderoga. C. E Bush, who is heavilv interested in both the compaules which failed, 18 also interested in the First national.