National Bank - Winthrop, ME

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 553
Charter Number: 553
Start Date: April 24, 1897
Location: Winthrop, Maine (44.305, -69.977)

Metadata

Model: gpt-5-mini
Short Digest: c391d750

Response Measures

None

Description

Only a single brief notice in the paper: 'The National Bank of Winthrop, Maine, has closed.' No mention of a run or reopening or receivership in the provided excerpt. Date taken from the newspaper publication (1897-04-24).

Events (3)

1. October 25, 1864 Chartered

Source: historical_nic

2. April 24, 1897 Suspension

Cause Details: Notice gives no cause or context—simply states the bank 'has closed.'
Newspaper Excerpt: The National Bank of Winthrop, Maine, has closed.
Source: newspapers

3. December 31, 1897 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. April 24, 1897 The Democratic Advocate Westminster, MD

Article from The Democratic Advocate, April 24, 1897

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Article Text

At a recent meeting of the creditors of the Bennett and Columbia mill corporations, in New Bedford, Mass., it was decided to place both concerns in the hands of receivers. It is alleged that $2,500,000 in notes of the corporations have been discovered which do not appear in the reports to the State. An attachment for $100,000 has been placed on the Lambeth Rope Company, of New Bedford, Massachusetts, by the Columbia Spinning Company. Having been denied a 10 per cent. increase of wages, 500 employes of the Kearney & Foote File Works, at Paterson, New Jersey, struck. The National Bank of Winthrop, Maine, has closed. New York brick masons have asked for an advance of five cents per hour, or there will be a general strike by May 1st. Ten out of the 15 unions have signed the contract. The Randall Banking Co., of Eureka, California, closed its doors on Saturday. At Trenton, New Jersey, the Grant Dry Goods Company have assigned; also the Trenton Rubber Company. G. R. Cottrell & Co., New York, hides and leather, have failed. At Grand Forks, N. D., the North Dakota Milling Company, capital $150,000, has assigned. Newark (New Jersey) Cracker and Biscuit Company has asked for receivers. Biedler Bros., wholesale shoe dealers, Baltimore, Md., have failed. The 500 employes of the American Tube and Iron Company, at Youngstown, Ohio, are on strike against a reduction of 10 per cent. in their wages.