19655. Kingston Savings Bank (Kingston, RI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
April 18, 1911
Location
Kingston, Rhode Island (41.480, -71.523)

Metadata

Model
gpt-5-mini
Short Digest
bc4c1b61

Response Measures

None

Description

Articles (1911 and 1912) describe the bank in receivership with a temporary receiver (Bank Commissioner) reporting solvency and plans to dissolve the receivership and consolidate the bank with a stronger Providence institution. No run is mentioned. This indicates a suspension/receivership followed by consolidation (permanent closure) rather than reopening.

Events (2)

1. April 18, 1911 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; receiver continuing administration and the receivership was extended.
Newspaper Excerpt
The receiver for the Kingston Savings bank reported that within a year he believed the bank would be solvent and competent to continue business. The receivership was continued to the September term.
Source
newspapers
2. April 17, 1912 Receivership
Newspaper Excerpt
Bank Commissioner Goodwin, as temporary receiver for the Kingston Savings bank, made a verbal report ... The commissioner stated that the bank was solvent and had a surplus of $400.31 ... leading up to a dissolution of the receivership and the consolidation of the bank with a stronger institution in Providence.
Source
newspapers

Newspaper Articles (2)

Article from Norwich Bulletin, April 18, 1911

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Article Text

Peter Laprise was arrested at White Rock, Sunday evening, charged with striking Mrs. Annie Gill in the head with a poker. both families reside in the same house near the White Rock mill and the assault was the result of a row between the tenants. Mrs. Gill declined to appear against him and substantiate the complaint in the Third district court, Monday morning. Judge Williams, after questioning Laprise. adjudged him guilty, and suspended judgment upon payment of costs. Judge Charles F. Stearns is the prosiding justice at the April session of the superior court, which convened at Kingston, Monday. The grand jury was empanelled with Charles J. Greene of Richmond as foreman, and retired for the consideration of the case of William E. Arnold. charged with keeping a gambling place at Narragansett Pier. Provided the business at Kingston is finished, the court will hold session at Westerly, commencing May 2. Seventeen cases will be assigned for hearing at that time. The receiver for the Kingston Savings bank reported that within a year he believed the bank would be solvent and competent to continue business. The receivership was continued to the September term. Upon motion of Harry B. Agard, attorney, Hugh C, Ecclestone was ordered to pay his wife $25 for counsel fees, $10 for witness fees and $2 a week, and house rent, during the pendency of petition for divorce.


Article from Norwich Bulletin, April 17, 1912

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Article Text

Bank Commissioner Goodwin, as temporary receiver for the Kingston Savings bank, made a verbal report and the matter was continued nisi. The commissioner stated that the bank was solvent and had a surplus of $400.31, which amount will be increased by certain accrued interest. He said the condition of the bank was such as to be leading up' to a dissolution of the receivership and the consolidation of the bank with a stronger institution in Providence. Oscar Elimonski of Westerly was indicted by the grand jury, charged with an assault with a dangerous weapon, a knife, upon Michael Comisky. He was held on $1,000 bail for trial next Monday. Silas Randall, who was arrested in New London by Policeman James C. Sullivan, was indicted on the charge of breaking and entering in the daytime the dwelling of Sibley Smith and with larceny. He pleaded not guilty and was held in bonds of $1,000 for trial next Monday. John Franklin and Thomas G. Frye were indicted on a like charge committed in the dwelling of Daniel Spink, and were held for trial Monday in bonds of $500 each. Divorces were granted in the following Westerly cases: Ladora Keator from Harry C, Keator; Effie C. Wainwright from William A. Wainwright; Mary Collins from John J. Collins; Alice B. Whalen from Henry A. Whalen.