Hampshire Savings Bank - Northampton, MA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: May 1, 1898*
Location: Northampton, Massachusetts (42.325, -72.641)

Metadata

Model: gpt-5-mini
Short Digest: b39b9b6b

Response Measures

None

Description

Receivers were appointed in May 1898 after the bank was wrecked by Lewis Warner, its treasurer, indicating bank-specific malfeasance and permanent closure; the 1900 article reports receivers paying final dividend.

Events (2)

1. May 1, 1898* Receivership

Newspaper Excerpt: The receivers were appointed in May, 1898, about a month after the bank was wrecked by Lewis Warner, its treasurer. ... Receivers for the Hampshire Savings Bank of Northampton, Mass., began payment of the third and final dividend, Monday, this last disbursement being 14 1-10 per cent., or about $250,000.
Source: newspapers

2. May 1, 1898* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was 'wrecked' by its treasurer Lewis Warner (fraud/embezzlement) leading to receivership.
Newspaper Excerpt: The receivers were appointed in May, 1898, about a month after the bank was wrecked by Lewis Warner, its treasurer.
Source: newspapers

Newspaper Articles (1)

1. April 3, 1900 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, April 3, 1900

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Article Text

Receivers for the Hampshire Savings Bank of Northampton, Mass., began payment of the third and final dividend, Monday, this last disbursement being 14 1-10 per cent., or about $250,000. The first dividend was of 40 per cent., or about $600.000. and the second dividend of 25 per cent., or $400,000. The receivers were appointed in May, 1898, about a month after the bank was wrecked by Lewis Warner, its treasurer. who was also president of the Hampshire County National Bank.