First National Bank - Yonkers, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 653
Charter Number: 653
Start Date: March 8, 1896
Location: Yonkers, New York (40.931, -73.899)

Metadata

Model: gpt-5-mini
Short Digest: 88e96a09

Response Measures

None

Receivership Details

Depositor recovery rate: 50.0%
Date receivership started: 1934-01-23
Share of assets assessed as good: 57.1%
Share of assets assessed as doubtful: 36.7%
Share of assets assessed as worthless: 6.3%

Description

Article (New-York Tribune, 1896-03-08) lists 'RECEIVERS APPOINTED' for First National Bank of Yonkers (John M. Perry). No run or prior suspension explicitly mentioned in the excerpt; receivership implies closure. Classified as suspension_closure because the bank is placed in receivership and thereby closed.

Events (3)

1. December 29, 1864 Chartered

Source: historical_nic

2. March 8, 1896 Receivership

Newspaper Excerpt: RECEIVERS APPOINTED. ... First National Bank of Yonkers vs. Henry T. McCoun et al - John M. Perry.
Source: newspapers

3. January 23, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. March 8, 1896 New-York Tribune New York, NY

Article from New-York Tribune, March 8, 1896

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Article Text

REFEREES APPOINTED. Supreme Court. By Beckman. J. Farmers' Loan and Trust Company vs. BarnettEugene A Philbin. Reed VS. Korn-Grosvenor S. Hubbard. People ex rel India Rubber and Gutta Percha Insurance Company vs. Barker-James B. Ludlow, Clark vs. Cammann-George L. Rives. By Andrews, J. Matter of Mills-John E. Ward. Myer vs. Abbott-Clifford A. Hand. RECEIVERS APPOINTED. Supreme Court. By Beekman, J. First National Bank of Yonkers vs. Henry T. McCoun et al-John M. Perry. By MacLean, J. Isaac Hirsch vs. Stephen H. Dutton-Aaron H. Schultz.