Globe Bank - Boston, MA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 5, 1900
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: c8a70da2

Response Measures

None

Description

Article (1900-10-05) reports Globe Bank in Boston was found 'crocked' by an examiner; a receiver (Daniel G. Wing) was appointed, paid depositors 40% and expects full payment. No explicit run is described—receiver/closure followed suspension/failure. Bank type not stated.

Events (1)

1. October 5, 1900 Receivership

Newspaper Excerpt: He was appointed receiver of the bank, and while it was not thought that the depositors would get 10 per cent he has already paid them 40 per cent and expects in time to pay 100 per cent. He will continue as receiver.
Source: newspapers

Newspaper Articles (1)

1. October 5, 1900 The Red Cloud Chief Red Cloud, NE

Article from The Red Cloud Chief, October 5, 1900

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Article Text

# Nebraska Man's Luck. Daniel G. Wing, former special bank examiner, has been elected vice presi-dent of the Massachusetts bank. Mr. Wing went to Boston two years ago, and discovered the crockedness in the Globe bank, and by his efforts pre-vented a threatened panic. He was appointed receiver of the bank, and while it was not thought that the depositors would get 10 per cent he has already paid them 40 per cent and expects in time to pay 100 per cent. He will continue as receiver. Mr. Wing is thirty-two years old and for eight years was assistant cashier and cashier of the American Exchange bank of Lincoln, Neb.