Freemans National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 665
Charter Number: 665
Start Date: July 8, 1902
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: 4425559c

Response Measures

None

Description

Article (1902-07-08) reports Freeman's National Bank suspended business for the day because water from firefighting made operations impossible. This is a temporary suspension due to a local fire (not a depositor run). I corrected the bank name punctuation from the provided Freemans to Freeman's as shown in the article.

Events (3)

1. December 30, 1864 Chartered

Source: historical_nic

2. July 8, 1902 Suspension

Cause: Local Shock
Cause Details: Fire in the building and large amount of water from firefighting forced suspension of business for the day.
Newspaper Excerpt: The Freeman's National Bank on the ground floor was not damaged by fire, but the deluge of water necessitated the suspension of business for the day.
Source: newspapers

3. February 15, 1907 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. July 8, 1902 The Evening Times Washington, DC

Article from The Evening Times, July 8, 1902

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Article Text

BOSTON HAS HEAVY LOSS FROM FIRE Alarm Was Sent In From the "Fatal Box." BOSTON, Mass.. July 8.-Boston firemen had a dangerous fire to contend with this morning in the four story granite building at the corner of Arch and Summer Streets. An alarm was given from box 52, called the "fatal box" from the fact that It has been sounded for all of Boston's great conflagrations in the past half century. The fire started in the rooms of William Bloom & Co., wholesale dealers in woolens, on the second floor, and spread rapidly. A score of employes ran for their lives, the head of the firm escaping with burns. Two employes, Lewis Diamond and Jacob Lamb, jumped from the front windows. Both were seriously burned. Lamb struck the sidewalk and is badly injured. Dlamond was caught in the fire net and will recover. The loss will be about $75,000. The Freeman's National Bank on the ground floor was ant damaged by fire, but the deluge of water necessitated the suspension of business for the day.