14782. Waverly Bank (Waverly, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 16, 1857
Location
Waverly, New York (42.013, -76.540)

Metadata

Model
gpt-5-mini
Short Digest
43b3962041704444

Response Measures

None

Description

Two identical 1857 newspaper items list 'Waverly Bank, Waverly, N. Y.' among banks 'said to have either failed or suspended' during the Panic of 1857. The brief notices do not describe a run, measures, reopening, or appointment of a receiver. Given the larger 1857 crisis and the phrasing ('failed or suspended'), I classify this as a suspension that likely resulted in closure; this is somewhat uncertain because the short item does not explicitly state permanent failure or receivership.

Events (1)
1. September 16, 1857 Suspension
Cause
Macro News
Cause Details
Listed among multiple 'failed or suspended' banks in a Sept 16, 1857 newspaper compilation tied to the Panic of 1857; no bank-specific cause provided.
Newspaper Excerpt
Waverly Bank, Waverly, N. Y.
Source
newspapers

Newspaper Articles (2)
1. September 16, 1857 The Star of the North Bloomsburg, PA
Article from The Star of the North, September 16, 1857

Click image to open full size in new tab

Article Text

Broken Banks. The following is a list of banks that are said to have either failed or suspended, which the public would do well to refuse until something more definite is known about them: Rhode Island Central Bank, East Greenwich. Tiverton Bank, Tiverton, R. I. Farmers' Bank, Nickford, " Warren Co. Bank, Warren, Pa. Kanawba Bank, Virginia. Hancock Bank, Maine. Waverly Bank, Waverly, N. Y. Winstead Bank, Winstead, Ct. Farmers' Bank, Saratoga, N. Y. Henesdale Bank, Pa. Mercantile Bank, Ct. Perth Amboy Bank, N.J. Woosters Bank, Ct. Chemung Co. Bank, Horseheads, N. Y. Hollister Bank, Buffaloe, N.Y. Owego Bank, N. Y. Buffaloe City Bank, N. Y. Reciprocity Bank, " White, Oliver, Lee & Co.'s Bank, Buffaloe N. Y. Farmers' Bank of Providence, R. i.

2. September 16, 1857 The Star of the North Bloomsburg, PA
Article from The Star of the North, September 16, 1857

Click image to open full size in new tab

Article Text

Broken Banks. The following is a list of banks that are said to have either failed or suspended, which the public would do well to refuse until something more definite is known about them: Rhode Island Central Bank, East Greenwich. Tiverton Bank, Tiverton, R.I. Farmers' Bank, Nickford, " Warren Co. Bank, Warren, Pa. Kanawba Bank, Virginia. Hancock Bank, Maine. Waverly Bank, Waverly, N.Y. Winstead Bank, Winstead, Ct. Farmers' Bank, Saratoga, N. Y. Honesdale Bank, Pa. Mercantile Bank, Ct. Perth Amboy Bank, N. J. Woosters Bank, Ct. Chemung Co. Bank, Horseheade, N. Y., Hollister Bank, Buffaloe, N. Y. Owego Bank, N. Y. Buffaloe City Bank, N. Y. C Reciprocity Bank, White, Oliver, Lee & Co.'s Bank, Buffaloe N.Y. Farmers' Bank of Providence, R. I.