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About: Maverick National Bank     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SocialGroup107950920, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatBanksEstablishedIn1854yago:Abstraction100002137yago:DepositoryFinancialInstitution108420278yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntitybankyago:SocialGroup107950920 New Facet based on Instances of this Class

The Maverick National Bank was a bank in East Boston, Massachusetts, established in 1854. and failed on October 31, 1891. The bank had extended large loans to its president, Asa P. Potter, who used the funds for speculative investments. Much litigation followed the bank's failure, including Beal v. National Exchange Bank of Dallas and City of Summerville v. Beal. Potter was indicted for violations of the banking law. Nehemiah Gibson was a president and later a director of the bank.