17275. Hibernia Trust & Savings Bank (Charleston, SC)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
trust
Start Date
November 25, 1907
Location
Charleston, South Carolina (32.777, -79.931)

Metadata

Model
gpt-5-mini
Short Digest
7088c419c9fc1e0a

Response Measures

None

Description

Articles (late Nov 1907) report the Hibernia Trust & Savings Bank of Charleston suspended payments and immediately had receivers appointed. Multiple pieces state the trouble dated back years (a prior loss) and was not due to the recent money-market stringency. No contemporaneous run is described; the sequence is suspension followed by receivership/closure.

Events (2)

1. November 25, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had trouble dating back several years after losing a sum of money unexpectedly; not caused by the recent money-market stringency.
Newspaper Excerpt
The Hibernia Trust and Savings Bank ... suspended payment yesterday.
Source
newspapers
2. November 26, 1907 Receivership
Newspaper Excerpt
Judge Gage ... appointed Frank I. O'Neil and Henry Buist receivers of the Hibernia Trust and Savings Bank.
Source
newspapers

Newspaper Articles (11)

Article from New-York Tribune, November 27, 1907

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Article Text

RECEIVERS FOR SOUTH CAROLINA BANK. Charleston. S. C., Nov. 26. -Judge Gage, of the Circuit Court, to-day appointed Frank I. O'Neil and Henry Bruist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884 and was capitalized at $30,000. No other banks are involved


Article from The Montgomery Advertiser, November 27, 1907

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Article Text

Receivers Appointed. Charleston, S. C., Nov. 26.-Judge Gary of the Circuit Court, today appointed Frank I. O'Neill, (President) and Henry Buist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884. and was capitalized at $30,000.


Article from The Laurens Advertiser, November 27, 1907

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Article Text

Bank Failure The Hibernia Trust and Savings Bank of Charleston closed its doors yesterday and asked for a receiver to be appointed by the court. This is one of the smaller banks of Charleston and its financial condition was not considered strong. Several years ago the bank almost went to the wall but its friends rallied to its support and it was hoped that its difficulties would be surmounted. The recent stringency in the money market however was too much for the little institution and it was considered advisable to place its affairs in the hands of the court. The amount of its assets or liabilities have not been learned. It is safe to say however that the depositors will be paid in full.


Article from The Salt Lake Herald, November 27, 1907

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Article Text

RECEIVERS APPOINTED. Charleston, S. C., Nov. 26.-Receivers were appointed today for the Hibernia Trust & Savings bank. The bank was organized in 1884 and was capitalized at $30,000.


Article from The Birmingham Age-Herald, November 27, 1907

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Article Text

Receivers Appointed. Charleston, S. C., November 26.-Judge Gary of the circuit court today appointed Frank I. O'Neill (president) and Henry Buist receivers of the Hibernia Trust and Savings bank. The bank was organized in 1884, and was capitalized at $30,000.


Article from The Brunswick News, November 28, 1907

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Article Text

CHARLESTON BANK LIQUIDATES Charleston, S. C., Nov. 26.-Judge Gage of the circuit court today ap. pointed Frank I. O'Neill (president), and Henry Buist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884 and was capitalized at $30,000. The last quarterly statement semed to show good business, but it is known that the institution was not doing well recently. No other banks are in volved.


Article from Yorkville Enquirer, November 29, 1907

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Article Text

- Charleston, November 26: The Hibernia Trust and Savings Bank, one of the smallest of the financial institutions of this city, went into the hands of a receiver today. It suspended payment yesterday. It is said that the bank's trouble dated back several years ago, when it lost a sum of money unexpectedly, and had nothing to do with the recent condition of the money market.


Article from The Semi-Weekly Messenger, November 29, 1907

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Article Text

Charleston. S. C., November 26.Judge Gage of the circuit court today appointed Frank I. O'Neil and Henry Brust. receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1864 and was captialized at $30,000. No other banks are involved.


Article from Edgefield Advertiser, December 4, 1907

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Article Text

One Louisiana Parish Goes "Dry." Lake Charles, La., Special.-News reached here that Cameron Parish, Louisiana, having an area of 1,400 square miles, has gone completely for prohibition. /The only ward in the parish still allowing the sale of liquor went "dry" at a special election by a margin of 31 votes. Charleston Bank Goes to the Wall. Charleston, Special.-The Hibernia Trust and Savings bank was placed in the hands of receivers by order of Judge Gage, at Walterboro, Attormey Harry L. Erekmann securing the order in accordance with a decision of the directors. By the order of Judge Gage, President Frank Q 'Neill and Henry Buist are made receivers of the bank and upon the eceipt of notification of their appointment, they immediately took harge of the bank and its affairs. Their bond was fixed at $30,000 each.


Article from Keowee Courier, December 4, 1907

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Article Text

Charleston Bank Goes Up. Charleston, Nov. 26.-The Hibernia Trust and Savings Bank, one of the smallest of the financial institutions of this city, went into the hands of a receiver to-day. It suspended payment yesterday. It is said that the bank's trouble dated back several years ago, when it lost a sum of money unexpectedly, and had nothing to do with the recent condition of the money market.


Article from The Watchman and Southron, December 4, 1907

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Article Text

The Hibermia Ttrust and Savings Bank of Charleston has asked for a receiver. Several days ago the bank commenced to deny payment of checks.