Princeton Bank - Princeton, NJ

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 12, 1860
Location: Princeton, New Jersey (40.349, -74.659)

Metadata

Model: gpt-5-mini
Short Digest: 7e203c75

Response Measures

None

Description

Newspaper (1860-12-12) reports Farmers' Bank of New Jersey at Mount Holly suspended specie payments (except in limited quantities) along with many West Jersey banks; article states these banks are considered solvent and will doubtless resume specie payments, implying suspension with expected reopening. No run is mentioned.

Events (1)

1. December 12, 1860 Suspension

Cause: Macro News
Cause Details: Part of a regional suspension of specie payments by many West Jersey banks; article groups multiple banks suspending simultaneously and notes solvency and expected resumption.
Newspaper Excerpt: Farmers' Bank of New Jersey at Mount Holly ... reported to have suspended specie payment except in limited quantities
Source: newspapers

Newspaper Articles (1)

1. December 12, 1860 The Lambertville Press Lambertville, NJ

Article from The Lambertville Press, December 12, 1860

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Article Text

Suspended Banks. The following are the banks in West Jersey that are reported to have Snspended specie payment except in limited quantities :-Bordentown Bank. ing Company, Burlington Bank at Burlington, Burlington County Bank Medford, Cumberland Bank, Farmers' Bank of New Jersey at Mount Holly, Farmers' and Mechanics' Bank at Camden, Gloucester County Bank, Hunterdon County Bank, Lambertville Bank, Mechanics' Bank of Burlington, Mechanics' and Manufacturers' Bank of Trenton, Millville Bank, Mount Holly Bank, Princeton Bank, Salem Banking Company, State Bank at Camden, Trenton Banking Company. These Banks are all considered solvent institutions, and will doubtless resume specie payments.