Blackstone National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 514
Charter Number: 514
Start Date: March 10, 1900
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: 8f1bc8ae

Response Measures

None

Description

The Blackstone National Bank transferred its business to the Shoe and Leather National Bank and its affairs were to be liquidated (article dated March 10, 1900). No run on depositors is described; causes cited are prior local financial disturbances and suspensions of other Boston national banks, so this appears to be a closure/consolidation following local banking troubles.

Events (4)

1. September 10, 1864 Chartered

Source: historical_nic

2. March 10, 1900 Other

Newspaper Excerpt: The Blackstone National Transfers Its Business to the Shoe and Leather. The affairs of the Blackstone Bank will be liquidated.
Source: newspapers

3. March 10, 1900 Suspension

Cause: Local Banks
Cause Details: Financial disturbance in Boston and prior suspensions/liquidations of other local national banks (Broadway National, Globe National) weakened Blackstone leading directors to transfer business and liquidate affairs.
Newspaper Excerpt: At the close of business to-day the Blackstone National Bank transferred its business to the banking rooms of the Shoe and Leather National Bank.
Source: newspapers

4. April 18, 1900 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 11, 1900 The Sun New York, NY

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Article Text

BOSTON BANK CLOSES. The Blackstone National Transfers Its Business to the Shoe and Leather. BOSTON. March 10.-At the close of business to-day the Blackstone National Bank transferred its business to the banking rooms of the Shoe and Leather National Bank. The deal was made at a meeting of the directors of the Blackstone this morning. when. after a long session. the details of the change were settled. The affairs of the Blackstone Bank will be liquidated. This deal was not unexpected and rumors have been circulated for some time that the Blackstone Bank would not be long in consolidating with some strong institution. The causes leading up to the present move on the part of the Directors of the Blackstone are many. For some years the business has been slowly failing off. Then came the financial disturbance in Boston and the liquidation of nine banks a year ago. The more recent financial trouble in this city culminating in the suspension of the Broadway National Bank. and later of the Globe National Bank. was felt by the Blackstone.