Holliston National Bank - Holliston, MA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 802
Charter Number: 802
Start Date: January 1, 1897
Location: Holliston, Massachusetts (42.200, -71.425)

Metadata

Model: gpt-5-mini
Short Digest: 77b5e28f

Response Measures

None

Description

The directors decided to finish up the affairs of the bank Jan. 1, 1897, after which no more deposits would be taken. No run is mentioned; this appears to be a voluntary winding up/closure.

Events (3)

1. February 14, 1865 Chartered

Source: historical_nic

2. January 1, 1897 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors decided to finish up affairs and stop taking deposits as of Jan 1, 1897.
Newspaper Excerpt: The directors of the Holliston, Mass., National bank have decided to finish up the affairs of the bank Jan. 1, 1897. after which date no more deposits will be taken.
Source: newspapers

3. January 1, 1897 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. December 30, 1896 The Watchman and Southron Sumter, SC

Article from The Watchman and Southron, December 30, 1896

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Article Text

Bank Failures. The directors of the Holliston, Mass., National bank have decided to finish up the affairs of the bank Jan. 1, 1897. after which date no more deposits will be taken. The American Banking and Trust company of Auburo, Maine, chartered in 1886, has closed its doors and has asked the court for the appointment of a receiver. The deposits and bills payable amount to $54,403, and assets nominally $130,743 The business of the institution was largely in western mortgages. The Bank of West Superior, Wis., has closed, being forced in liquidation by the failure of the Bank of Mionesota. The officials of the bank say they will resume soon and pay all depositors in full. E. S. Dreyer and bis partner, Robert Berger. of the banking firm of E. S. Dreyer & Co., Chicago, which failed on Monday, have been arrested charged with receiving a deposit knowing their bank to be insolvent.