8780. Northern Banking Company (Portland, ME)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 1, 1899
Location
Portland, Maine (43.661, -70.255)

Metadata

Model
gpt-5-mini
Short Digest
29f1dd31

Response Measures

None

Description

Newspaper notices (Nov 1 and Nov 8, 1899) announce a receiver's sale of the Northern Banking Co.'s assets and name Henry B. Cleaves as receiver. No article text describes any run or temporary suspension/reopening; the appointment of a receiver and asset sale indicate the bank was closed and in receivership (permanent closure).

Events (1)
1. November 1, 1899 Receivership
Newspaper Excerpt
There will be sold ... all the right, title and interest of the Northern Banking Co., ... HENRY B. CLEAVES, Receiver.
Source
newspapers

Newspaper Articles (2)
1. November 1, 1899 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, November 1, 1899

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Article Text

By F. 0. BAILEY & CO., Auctioneers. RECEIVER'S SALE. Pursuant to authority duly granted, there will be sold at public auction at the office of F. O. Bailey & Co., No. 46 Exchange St., in the city of Portland, on Wednesday. Nov. 8, at 12 o'clock noon, all the right, title and interest of the Northern Banking Co., in and to the followIng mortgages, certificates, notes, bonds, etc., viz: Mortgage for $1500 given by J. H. Holmes on certain lots of land situated in Maricopa County, Arizona. Certificate of title of one-fifteenth of sections 18, township three North, range two East, Maricop County, Arizona, in common and undivided, with water rights in the Arizona Canal; also the following promissory notes: Note of W. H. Nichols and Henry E. Kent. $287.32; note of Robert A. Brown, 500; note of J. E. Priest. $596.32; note of Sudan & E. T. Little, $447.35. Claim against the estate of J. L. H. Cobb of Lewiston, Me., $500, 6 per cent. Bonds issued by the Fort Payne Water Co., 6 per cent. Bonds of the city of Fort Payne, Álabama. Open account with the Maricopa Loan and Trust Co.; balance claimed to be due. $2,283.16. Sale positive. Terms cash. HENRY B. CLEAVES, Receiver. oct26,nov1&8

2. November 8, 1899 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, November 8, 1899

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Article Text

AUCTION SALES. By F. O. BAILEY & CO., Auctioneers. # RECEIVER'S SALE. Pursuant to authority duly granted, there will be sold at public auction at the office of F. O. Baily & Co., No. 46 Exchange St., in the city of Portland, on Wednesday, Nov. 8, at 12 o'clock noon, all the right, title and interest of the Northern Banking Co., in and to the following mortgages, certificates, notes, bonds, etc., viz: Mortgage for $1500 given by J. H. Holmes on certain lots of land situated in Maricopa County, Arizona. Certificate of title of one-fifteenth of sections 18, township three North, range two East, Maricopa County, Arizona, in common and undivided, with water rights in the Arizona Canal; also the following promissory notes: Note of W. H. Nichols and Henry E. Kent. $287.32; note of Robert A. Brown, $500; note of J. E. Priest, $596.32; note of Sudan & E. T. Little, $447.55, Claim against the estate of J. L. H. Cobb of Lewiston, Me., $500, 6 per cent. Bonds issued by the Fort Payne Water Co., 6 per cent. Bonds of the city of Fort Payne, Alabama. Open account with the Maricopa Loan and Trust Co.; balance claimed to be due, $2,283.16, Sale positive. Terms cash. HENRY B. CLEAVES, Receiver. oct26,nov1&8