Article Text
Banking News. BUFFALO, Aug. 31-P. M. Hollister's Bank has failed. Heavy run on White, Oliver, Lee & Co., and the Buffalo City Bank. The excitement this morning was intense. Now subsiding. Reciprocity Bank did not resume this morning.
13275. Buffalo City Bank (Buffalo, NY)
Bank Information
- Episode Type
- Run Only
- Bank Type
- state
- Start Date
- August 31, 1857
- Location
- Buffalo, New York (42.886, -78.878)
Metadata
- Model
- gpt-5-mini
- Short Digest
413967c586da383c
Response Measures
None
Description
Two contemporary newspapers (both dated 1857-09-01) report a heavy run on the Buffalo City Bank on Aug. 31, 1857. The run is described as intense but 'now subsiding.' The immediate trigger appears to be the failure of P. M. Hollister's Bank and runs on other local houses, so this is classified as driven by distress at local banks. No suspension, receivership, or reopening is mentioned for Buffalo City Bank in these articles.
Events (1)
1.
August 31, 1857
Run
- Cause
- Local Banks
- Cause Details
- Run followed failure of P. M. Hollister's Bank and heavy withdrawals at other local banking houses (White, Oliver, Lee & Co.).
- Newspaper Excerpt
- Heavy run on ... the Buffalo City Bank. The excitement this morning was intense. Now subsiding.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Monetary Difficulties at Buffalo. BUFFALO, Aug. 31.-The Hollister Bank has failed. There is a heavy run on Messrs. White, Oliver, Lee, & Co's. banking house, and on the Buffalo City Bank. The excitement this morning was intense, but it is now subsiding. The Reciprocity Bank did not resume this morning.