Market National Bank - New York, NY

Episode Information

Episode UID: 96401013
Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 9640 national
Charter Number: 964
Start Date: May 14, 1884
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 313638da2453477c

Response Measures

None

Description

Article references suspensions of New York national banks but does not name Market National Bank; additional articles could confirm whether this specific bank suspended or later reopened.

Events (3)

1. March 31, 1865 Chartered

Source: historical_nic

2. May 14, 1884 Suspension

Cause: Correspondent
Cause Details: Suspensions linked to failure/suspension of correspondent firm Donnell, Lawson & Simpson and contagion among New York national banks
Newspaper Excerpt: the New York national banks which suspended to-day
Source: newspapers

3. April 8, 1918 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. May 15, 1884 Fort Worth Daily Gazette Fort Worth, TX

Article from Fort Worth Daily Gazette, May 15, 1884

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Article Text

ST. JOSEPH, MO. ST. JOSEPH, May 14.-The State Savings bank of this city suspended and assigned to-day. C. B. Grover, the president, makes a statement to-night, which will be published to-morrow, to the effect that the bank was intimately connected with Donnell, Lawson & Simpson of New York, and has been for a long time a large depositor in the New York national banks which suspended to-day, thereby necessitating suspension. One suspension was made upon receipt of a telegram from the firm of Donnell, Lawson & Simpson, informing us of their suspension and directing us to close in order to protect our depositors. Mr. France further states: "We hope to resume in a few days. Our affairs here are in good condition, with no local embarrassment or losses. Our assets are intact and available. It is our belief that Donnell. Lawson & Simpson will resume very soon, and that we are fully protected in New York, and will pay all depositors and stockholders in full, and have our surplus intact."