Bank of Bainbridge - Bainbridge, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 8, 1855
Location: Bainbridge, New York (42.293, -75.479)

Metadata

Model: gpt-5-mini
Short Digest: ee3967b0

Response Measures

None

Description

Contemporary reports (Feb 1855) state the Bank of Bainbridge 'has also suspended' following the suspension of N. B. Kidder's banking house. No article here reports a reopening or receivership assignment; classification as suspension_closure chosen because suspension is reported and no evidence of reopening is present. Bank likely a state-chartered bank (National system not yet established).

Events (1)

1. February 8, 1855 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspension reported in connection with failure/suspension of N. B. Kidder's banking house and Kidder's bad repute and connections to other banks; bank likely affected by association with Kidder's failure/insolvency or related adverse information.
Newspaper Excerpt: Kidder was a large stockholder in the Bank of Bainbridge, and that institution has also suspended.
Source: newspapers

Newspaper Articles (2)

1. February 10, 1855 The Daily Dispatch Richmond, VA

Article from The Daily Dispatch, February 10, 1855

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Article Text

MORE FAILURES.-The Geneva Gazette states that the bauking house of N. B Kidder, of that village, suspended payment on Thursday last. Liabilities $200,000 The depositors embrace all class es of citizens. Kidder was a large stockholder in the Bank of Bainbridge, and that institution has also suspended. He was also concerned in the Bank of Hornellsville, which is in bad repute, ac⑉ cording to the Gazette.- - Albany Register.

2. February 20, 1855 Minnesota Weekly Times Saint Paul, MN

Article from Minnesota Weekly Times, February 20, 1855

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Article Text

TUESDAY, FEBRUARY 20, 1855. News by the Mail. The Galena Advertiser announces the death of Robert Burton, a wealthy man, engaged in the Lead business, two and a half miles from Galena. He introduced the "Cupalo Furnace" for smelting, by which he realized a fortune. His age was 73. The Wisconsin Legislature is engaged overhauling the books of the State. Wisconsin has got ahead of Minnesota, but we hope Minnesota will soon follow in her tracks. We understand yesterday an effort was made in the House, to ferret out the cause of some of the corruption. God speed the right.- Resolution has passed the Lower House of the Illinois Legislature, appropriating the school tax for colored persons, to the education of colored children in separate schools. The Illinois Legislature adjourned on the 13th.-A portion of an expedition against Cuba, left New York city on the 9th. The whole number enlisted in the enterprise is said to be 30,000. The Albany Atlas states that the banking house of N. B. Kidder, at Geneva, N. Y., has suspended payment; liabilities $200,000 also the Bank of Bainbridge. Snow has fallen to the depth of six feet in New Hampshire.It is reported that the health of Mr. Mason, our Minister to France is entirely restored. The death of Dr. Huddleston, an eminent Physician of Troy, N. Y., is announced. Judge Trumbull, of Illinois, who was recently elected to the U. S. Senate, takes the place of Gen. Shields.