Farmers Bank of North Carolina - Elizabeth City, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 29, 1857
Location: Elizabeth City, North Carolina (36.294, -76.235)

Metadata

Model: gpt-5-mini
Short Digest: a303c37a6c7b7e6f

Response Measures

None

Description

Single contemporary report (Sept 29, 1857) states the Farmers' Bank of North Carolina at Elizabeth City suspended. The brief notice gives no indication of a temporary suspension or reopening; brokers were quoting a 50% discount on its notes, suggesting failure/serious distress. No runs or reopenings are mentioned in the provided article.

Events (1)

1. September 29, 1857 Suspension

Cause Details: Article gives no specific cause—simply reports suspension and heavy discounting of the bank's notes.
Newspaper Excerpt: Intelligence received here reports the suspension of the Farmers' Bank of North Carolina, at Elizabeth City. The brokers are charging 50 per cent. discount.
Source: newspapers

Newspaper Articles (1)

1. October 3, 1857 Republican Vindicator Staunton, VA

Article from Republican Vindicator, October 3, 1857

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Article Text

Suspension in Tennessee. LOUISVILLE, Ky., Sept 29.-The Bank of Nashville suspended on Monday last, and made an assignment of its effects. The notes of all Tennessee free Banks are refused in Nashville. Bank Suspension in North Carolina, NORFOLK, Sept. 29.-Intelligence received here reports the suspension of the Farmers' Bank of North Carolina, at Elizabeth City. The brokers are charging 50 per cent. discount.