Receivers were appointed after a large treasurer defalcation; bank remained in receivership and paid dividends.
Events (5)
1.May 1, 1898*Suspension
Cause
Bank Specific Adverse Info
Cause Details
Massive defalcation by treasurer Lewis Warner (reported $400,000) that 'wrecked' the bank and led to appointment of temporary receivers.
Newspaper Excerpt
The temporary receivers of the Hampshire Savings bank of Northampton have given out a statement ...
Source
newspapers
same day
2.May 1, 1898*Receivership
Newspaper Excerpt
The receivers were appointed in May, 1898, about a month after the bank was wrecked by Lewis Warner, its treasurer.
Source
newspapers
+7 months
3.December 9, 1898Other
Newspaper Excerpt
Receivers Irwin and Cook ... petitioning the court for permission to pay a 40 per cent. dividend before Christmas.
Source
newspapers
+4 months
4.March 27, 1899Other
Newspaper Excerpt
Receivers ... applied to Judge Hammond ... for leave to pay a dividend of 25 per cent. The receivers have about $400,000 in their hands.
Source
newspapers
+12 months
5.April 3, 1900Other
Newspaper Excerpt
Receivers for the Hampshire Savings Bank ... began payment of the third and final dividend ... this last disbursement being 14 1-10 per cent.
Source
newspapers
Newspaper Articles (10)
1.July 19, 1898The Daily Morning Journal and CourierNew Haven, CT
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Article Text
Defalcation Amounts to $400,000. Springfield, Mass., July 18.-The temporary receivers of the Hampshire Savings bank of Northampton have given out a statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates was taken from the Hampshire County National bank, Warner's peculations amount in the aggregate to $640,000. To cover his peculations Warner overestimated the amount of deposits and the number of depositors, and overvalued the securities held by the bank.
2.July 19, 1898Kansas City JournalKansas City, MO
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Article Text
He Stole $640,000. SPRINGFIED, MASS.. July 18.-The temporary receivers of the Hampshire Savings bank of Northampton have given out a statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County National bank, Warner's peculations amount in the aggregate to $640,000.
3.July 19, 1898The Portland Daily PressPortland, ME
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Article Text
WHAT A SMART MAN DID. Springfield, Mass., July 18.-The temporary receivers of the Hampshire Savings bank of Northampton have given out a statement to the effect that the defalcation of treasuer Lewis Warner amounts to $400,000. With the $240,000 which Bank Commissioner Ewer esti-
4.July 19, 1898The Topeka State JournalTopeka, KS
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Article Text
DEFAULTED $400,000. Savings Bank Treasurer's Peculations Will Reach $640,000. Springfield, Mass., July 19.-The temporary receivers of the Hampshire Savings bank of Northamnton have given oui, statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County National bank, Warner's peculations amount in the aggregate to $640.000. To cover his peculations Warner overestimated the amount of deposits and the number of depositors, and over-valued the securities held by the bank.
5.July 20, 1898The Copper Country Evening NewsCalumet, MI
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Article Text
Warner Is a Colossal Thief. Springfield, Mass., July 20.-The temporary receivers of the Hampshire Savings bank of Northampton have given a statement to the effect that the defalcations of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County National bank, Warner's peculations amount in the aggregate to $840,000.
6.July 21, 1898River Falls JournalRiver Falls, WI
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Article Text
A Heavy Defalcation. Springfield, Mass. July 19.-The temporary receivers of the Hampshire savings bank of Northampton have given out a statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County national bank, Warner's peculations amount in the aggregate to $640,000.
7.July 22, 1898The Owosso TimesOwosso, MI
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Article Text
Warner Is a Colossal Thief. Springfield, Mass., July 20.-The temporary receivers of the Hampshire Savings bank of Northampton have given a statement to the effect that the defalcations of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County National bank. Warner's peculations amount in the aggregate to $840,000.
8.December 10, 1898Daily Kennebec JournalAugusta, ME
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Article Text
A Pleasant Christmas Present. Springfield, Mass., Dec. 9.-Receivers Irwin and Cook of the Hampshire Savings Bank of Northampton, sprung a surprise on the depositors of the defunct institution, today. by petitioning the court for permission to pay a 40 per cent. dividend before Christmas.
9.March 27, 1899Daily Kennebec JournalAugusta, ME
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Article Text
Receivers R. W. Irwin and B. E. Cook of the Hampshire savings bank of Northampton, Mass., applied to Judge Hammond in the supreme court. Saturday, for leave to pay a dividend of 25 per cent. The court issued an order of notice returnable on April 17. The receivers have about $400,000 in their hands. They expect to pay another dividend of 10 per cent. some time in the near future. This is the bank which was wrecked by Lewis Warner.
10.April 3, 1900Daily Kennebec JournalAugusta, ME
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Article Text
Receivers for the Hampshire Savings Bank of Northampton, Mass., began payment of the third and final dividend, Monday, this last disbursement being 14 1-10 per cent., or about $250,000. The first dividend was of 40 per cent., or about $600.000. and the second dividend of 25 per cent., or $400,000. The receivers were appointed in May, 1898, about a month after the bank was wrecked by Lewis Warner, its treasurer. who was also president of the Hampshire County National Bank.
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