Bank of Yanceyville - Yanceyville, NC

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: October 1, 1857*
Location: Yanceyville, North Carolina (36.404, -79.336)

Metadata

Model: gpt-5-mini
Short Digest: 47f4dcdd

Response Measures

Full suspension

Description

Article (Wilmington Journal, 1857-10-30) reports the Bank of Yanceyville has suspended after resisting a run of brokers and domestic alarmists. No mention of reopening or permanent closure; suspension appears a consequence of the run. OCR of bank name in article appears as 'Yanceville' — corrected to Yanceyville.

Events (2)

1. October 1, 1857* Run

Cause: Rumor Or Misinformation
Cause Details: Withdrawals driven by brokers and 'domestic alarmists' — nervousness/rumors rather than described insolvency.
Measures: Bank resisted withdrawals before choosing to suspend; closed doors to stem the run.
Newspaper Excerpt: after standing up gallantly against the run of brokers and domestic alarmists.
Source: newspapers

2. October 28, 1857 Suspension

Cause: Rumor Or Misinformation
Cause Details: Suspended to close doors against the run of brokers despite not being unable to cash notes.
Newspaper Excerpt: The Milton Chronicle says that the Bank of Yanceville has suspended
Source: newspapers

Newspaper Articles (1)

1. October 30, 1857 Wilmington Journal Wilmington, NC

Article from Wilmington Journal, October 30, 1857

Click image to open full size in new tab

Article Text

NORTH CAROLINA BANKS.-The Bank of the State of North Carolina suspended on Wednesday last, and all its Branches, in pursuance of orders, have followed the example. The Bank of Washington suspended on Saturday last. The Bank of Fayetteville still pays specie, and we have not heard of the Suspension of the Wadesborough and Yanceville Banks. P. S.-The Milton Chronicle says that the Bank of Yanceville has suspended "after standing up gallantly against the run of brokers and domestic alarmists. The Bank suspended, not because of any inability to cash its notes, but because its friends deemed it wise under existing circumstances to close doors against the run of brokers."-Fayetteville Observer.