What was the name of the 1907 U.S. financial panic's failed trust company in New York?

Knickerbocker Trust Company was the failed New York trust company at the center of the Panic of 1907.

On October 22, 1907, depositors rushed to withdraw funds from Knickerbocker Trust after its president, Charles T. Barney, was linked to an unsuccessful attempt to corner shares of the copper company United Copper. The run forced the institution to suspend operations.

The failure helped spread fear through New York's banking system. Trust companies were important financial intermediaries but held less cash and had fewer formal safeguards than national banks. Depositors therefore questioned whether other institutions could meet withdrawals.

Banker J. Pierpont Morgan organized emergency support for solvent institutions and helped stabilize the system. The panic contributed to the creation of the Federal Reserve System in 1913, although the Federal Reserve was not itself a direct response mechanism in 1907.