Article Text
WOUND UP AT LAST. BOSTON, Nov. 23.-The receivers of the West Boston Savings Bank, which failed in 1877, presented their final account to-day. The depositors will receive in all, 85 per cent of their deposits.
7040. West Boston Savings Bank (Boston, MA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- savings bank
- Start Date
- January 1, 1877*
- Location
- Boston, Massachusetts (42.358, -71.060)
Metadata
- Model
- gpt-5-mini
- Short Digest
94934f6e12c3a592
Response Measures
None
Description
Article reports the West Boston Savings Bank 'failed in 1877' and that receivers presented a final account in 1881; no run is mentioned. The episode is a suspension/failure leading to receivership and permanent closure. Deposit payout of 85% noted.
Events (2)
1.
January 1, 1877*
Suspension
- Cause Details
- Article states the bank 'failed in 1877' but gives no details on the trigger or whether a run occurred.
- Newspaper Excerpt
- which failed in 1877
- Source
- newspapers
2.
November 23, 1881
Receivership
- Newspaper Excerpt
- The receivers of the West Boston Savings Bank, which failed in 1877, presented their final account to-day. The depositors will receive in all, 85 per cent of their deposits. (New-York Tribune, Nov. 23, 1881).
- Source
- newspapers
Newspaper Articles (1)
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