Spring Garden Bank - Philadelphia, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 19, 1891
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini
Short Digest: b0b20eab

Response Measures

None

Description

Article states the receivership of the Keystone National Bank and Spring Garden banks were consolidated in August 1894 and that Yardley remained in charge until their affairs were wound up. No run is mentioned; this is a receivership leading to closure. Bank type not specified in text.

Events (3)

1. May 19, 1891 Other

Newspaper Excerpt: In May, 1891, he was appointed by Comptroller of Currency Lacey receiver of the bankrupt Keystone National Bank of Philadelphia, and entered upon the duties of that onerous position on the 19th of that month.
Source: newspapers

2. August 1, 1894* Receivership

Newspaper Excerpt: In August, 1894, the receivership of the Keystone and Spring Garden banks were consolidated. ... Mr. Yardley ... remained in charge of both of the ... banks until their complicated affairs were wound up.
Source: newspapers

3. August 1, 1894* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Spring Garden's receivership was consolidated with the bankrupt Keystone National Bank in August 1894 (bankruptcy/insolvency led to receivership).
Newspaper Excerpt: In August, 1894, the receivership of the Keystone and Spring Garden banks were consolidated.
Source: newspapers

Newspaper Articles (1)

1. December 10, 1902 The Washington Times Washington, DC

Article from The Washington Times, December 10, 1902

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Article Text

EX-REPRESENTATIVE R. M. YARDLEY DEAD Republican Leader in Bucks County, and Serevd Two Terms in Congress From Pennsylvania. DOYLESTOWN, Dec. -Robert M. Yardley, former Representative from the Bucks-Montgomery district, dropped dead while sitting in his office reading a letter yesterday morning. He had been troubled for some time with acute indigestion. Mr. Yardley was the one Republican leader of Bucks county and was trusted by the rank and file of the party. He was president of the board of school directors, a member of the board of health and a director of the Bucks County Trust Company. He was a great-great-grandson of Thomas Yardley, the founder of the family in this country Robert M. Yardley was born in Yardley, Bucks county, Pa., on October 9, 1850. After receiving an academic education, he studied law, and was admitted to the bar at Doylestown in 1872. Ever since that date he had been in the active and successful practice of his profession. He took an active part in political affairs also, being elected district attorney in 1879, and serving as a delegate in the Republican national convention of 1884. In 1886 Mr. Yardley was elected to represent in the lower branch of Congress the Seventh district of this State, then comprising Bucks and Montgomery counties, and was re-elected. After serving two terms in the House, Mr. Yardley returned to the practice of his profession at Doylestown, and was frequently seen in the courts of Philadelphia. In May, 1891, he was appointed by Comptroiler of Currency Lacey receiver of the bankrupt Keystone National Bank of Philadelphia, and entered upon the duties of that onerous position on the 19th of that month. In August, 1894, the receivership of the Keystone and Spring Garden banks were consolidated. Gen. H. F. Fisher retiring from the control of the last-named institution, which was transferred to Mr. Yardley, who remained in charge of both of the looted banks until their complicated affairs were wound up.