A. B. & E. E. Fraser

Episode Information

Episode Type: Run → Suspension → Unsure
Start Date: December 16, 1931
Location: Hilton, New York (43.288, -77.793)
Bank Type: state
Routing Number: 50-0758
Canonical name: State Bank
Alt. names: A. B. & E. E. Fraser

Metadata

Episode ID
Bank ID
City ID: 360952872

Model: gpt-5-mini
Short Digest

Notes

Bank was closed by its board to protect its assets; no article here states if it later reopened.

Events (2)

1. December 16, 1931 Run

Cause: Local Banks
Cause Details: Several nearby banks closed, prompting a small run/withdrawals on this bank.
Measures: Board of directors closed the bank to protect depositors and assets.
Newspaper Excerpt: Due the fact that several banks in vicinity closed the few run made on this at o'clock
Source: newspapers

2. December 16, 1931 Suspension

Cause Details: Board of directors voluntarily closed the bank to protect assets following regional bank closures and some withdrawals.
Newspaper Excerpt: The State Bank of Hilton closed doors this afternoon to protect its assets. ... the bank closed by the board of directors
Source: newspapers

Newspaper Articles (1)

1. December 17, 1931 Democrat and Chronicle Rochester, NY

Article Text

Hilton Bank Closes To Protect Depositors

Hilton Dec 16-The State Bank of Hilton closed doors this afternoon to protect its assets. A statement said "Due the fact that several banks in vicinity closed the few run made on this at o'clock the bank closed by the board of directors in order to protect

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