Hollister Bank - Buffalo, NY

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: March 6, 1851
Location: Buffalo, New York (42.886, -78.878)

Metadata

Model: gpt-5-mini
Short Digest: 7648ca55

Response Measures

None

Description

Newspaper (NY dispatch) on 1851-03-06 reports 'reports unfavorable to the character of the Hollister Bank ... are in circulation' and 'quite a panic in the street.' No mention of suspension, closure, or reopening. Cause classified as bank-specific adverse information (reputation/rumored unfitness). OCR checked — dates taken from article dateline.

Events (1)

1. March 6, 1851 Run

Cause: Bank Specific Adverse Info
Cause Details: Circulating unfavorable reports about the bank's character led to public panic and runs.
Newspaper Excerpt: Reports unfavorable to the character of the Hollister Bank (at Buffalo) ... There is quite a panic in the street.
Source: newspapers

Newspaper Articles (1)

1. March 7, 1851 Worcester Daily Spy Worcester, MA

Article from Worcester Daily Spy, March 7, 1851

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Article Text

Rumors of another Revolution in the Papal states are again current. NEW York, March 6. BANK PANIC. Reports unfavorable to the character of the Hollister Bank (at Buffalo,) Henry Keep's Bank, Lewis County Bank (at Martinsburg,) and the Hamilton Bank, are in circulation. There is quite a panic in the street.