Article (Weekly North Carolina Standard, 1857-10-28) reports the board of directors decided to suspend specie payments. No run, receivership, or reopening/closure information provided. Given historical context many suspensions at this time were temporary; selected suspension_reopening as the most likely outcome but this is not recorded in the article.
Events (1)
1.October 28, 1857Suspension
Cause
Macro News
Cause Details
Board determined to suspend specie payments (likely in response to the 1857 financial disturbances).
Newspaper Excerpt
We learn that at a meeting of the board of directors of the State Bank on Wednesday last, it was determined to suspend specie payments.
Source
newspapers
Newspaper Articles (1)
1.October 28, 1857Weekly North Carolina StandardRaleigh, NC
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Article Text
SUSPENSION.-We learn that at a meeting of the board of directors of the State Bank on Wednesday last, it was determined to suspend specie payments.