Maverick National Bank
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.
In 1897, the remainder of the bank's assets, which included many worthless stocks and bonds of already defunct companies, were sold at auction by R.L. Day & Co., a Boston-based banking firm resulting in $429 of proceeds.
-  Journal of Political Economy, 1899
- Inside the Business Enterprise: Historical Perspectives on the Use of Information, National Bureau of Economic Research Conference Report, 1992. ISBN 978-0-226-79204-0]
- [Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England By Naomi R. Lamoreaux, National Bureau of Economic Research Published by Cambridge University Press, 1994. ISBN 0-521-46096-4]
-  155 US 438 (1894)
- A History of East Boston, 1858
- [MAVERICK BANK ASSETS SOLD.; Securities Aggregating $1,095,890 Auctioned in Boston Fetch $429]. New York Times, December 30, 1897
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