Cochituate Bank - Boston, MA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 1, 1843
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: a8e1a3d6

Response Measures

None

Description

Article is a receivers' report for the Cochituate Bank indicating the bank is in receivership (first report filed). Newspaper meta shows publication 1854-08-02 but the report dateline reads 'BOSTON, August 1, 1843' (possible OCR or dating inconsistency); I used the dateline in the article for the event date. No mention of a depositor run in the text, only receivership and proposed dividend, so classified as suspension leading to closure/receivership.

Events (1)

1. August 1, 1843 Receivership

Newspaper Excerpt: Report of the Receivers of the Cochituate Bank. BOSTON, August 1, 1843 The receivers of the Cochituate Bank made their first report in the Supreme Court to-day. They have realized in cash $168,000. They have good debts to the amount of $131,000, and must realise $90,000 of the $305,000 doubt. ful debts, in order to pay off all claims except the stock. The receivers propose to declare a dividend of 50 per cent; but the Court postponed it to August 22d, in order to allow creditors time to look into the receivers' report. A claim of $5,000 by the Bank of the Republic, of New York, was disallowed by the receivers, on the ground that they refused to give up the collateral security placed in the hands of the officers of that bank.
Source: newspapers

Newspaper Articles (1)

1. August 2, 1854 The New York Herald New York, NY

Article from The New York Herald, August 2, 1854

Click image to open full size in new tab

Article Text

Report of the Receivers of the Cochituate Bank. BOSTON, August 1, 1843 The receivers of the Cochituate Bank made their first report in the Supreme Court to-day. They have realized in cash $168,000. They have good debts to the amount of $131,000, and must realise $90,000 of the $305,000 doubt. ful debts, in order to pay off all claims except the stock. The receivers propose to declare a dividend of 50 per cent; but the Court postponed it to August 22d, in order to allow creditors time to look into the receivers' report. A claim of $5,000 by the Bank of the Republic, of New York, was disallowed by the receivers, on the ground that they refused to give up the collateral security placed in the hands of the officers of that bank.