Whitestone Savings Bank - Whitestone, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: August 16, 1886
Location: Whitestone, New York (40.795, -73.818)

Metadata

Model: gpt-5-mini
Short Digest: ba1504da

Response Measures

None

Description

Article (Aug 16, 1886) reports a motion by the deputy attorney general for appointment of a receiver because the Whitestone Savings Bank has become insolvent and requests injunctive relief and superintendent takeover. No run is mentioned; government action/receivership implies permanent closure.

Events (2)

1. August 16, 1886 Receivership

Newspaper Excerpt: An application was made this morning ... for the appointment of a receiver for the Whitestone Savings Bank, which he says has become insolvent.
Source: newspapers

2. August 16, 1886 Suspension

Cause: Government Action
Cause Details: Deputy Attorney General applied for receiver on grounds the bank has become insolvent and sought injunction to stop doing business and superintendent to take possession.
Newspaper Excerpt: An application was made this morning ... for the appointment of a receiver for the Whitestone Savings Bank, which he says has become insolvent. He thought the bank should be enjoined from doing any more business, and the superintendent should be directed to take possession of the bank.
Source: newspapers

Newspaper Articles (1)

1. August 17, 1886 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, August 17, 1886

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Article Text

Another Savings Bank Wreeked. NEW YORK, August 16.-An application was made this morning in the Kings County Supreme Court by Mr. Whitaker, Deputy Attorney General, for the appointment of a receiver for the Whitestone Savings Bank, which he says has become insolvent. He thought the bank should be enjoined from doing any more business, and the superintendent should be directed to take possession of the bank. Judge Barrett took possession of the papers.