Dover National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Start Date: January 1, 1897*
Location: Dover, Delaware (39.158, -75.524)

Metadata

Model: gpt-5-mini
Short Digest: 2657f517

Response Measures

None

Description

Article reports the Dover National Bank was forced to suspend in May 1897 due to a defaulting teller (embezzlement/default) and later resumed with reduced capital. Teller William Boggs was sentenced in 1899. No run is mentioned.

Events (3)

1. January 1, 1897* Reopening

Newspaper Excerpt: but resumed with its capital reduced from $100,000 to $50,000.
Source: newspapers

2. May 1, 1897* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Defaulting teller William Boggs misapplied funds (embezzlement), forcing suspension.
Newspaper Excerpt: The bank was forced to suspend in May, 1897
Source: newspapers

3. May 10, 1899 Other

Newspaper Excerpt: William Boggs, the defaulting teller of the Dover National Bank, to-day was sentenced ... to five years in the penitentiary and a fine of $6,500.
Source: newspapers

Newspaper Articles (1)

1. May 11, 1899 Wheeling Register Wheeling, WV

Article from Wheeling Register, May 11, 1899

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Article Text

A FIVE-YEAR SENTENCE. I Defaulting Teller Boggs Must Go to Prison and Pay a Fine. Wilmington, Del., May 10.-William Boggs, the defaulting teller of the Dover National Bank, to-day was sentenced in the United States district court to five years in the penitentiary and a fine of $6,500. The bank was forced to suspend in May, 1897, but resumed with its capital reduced from $100,000 to $50,000. Boggs was the principal witness against United States Senator Kenney in the latter's two trials for conspiracy to misapply the bank's funds, in both of which the jury disagreed.