Mechanics Bank - Buffalo, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 5, 1857
Location: Buffalo, New York (42.886, -78.878)

Metadata

Model: gpt-5-mini
Short Digest: 0ecc6ccf

Response Measures

None

Description

Article (New-York Daily Tribune, 1857-09-05) states Judge Peabody decided to appoint a receiver for the Mechanics' Banking Association of Buffalo. The bank name in the prompt ('Mechanics Bank') appears to refer to the same institution; I corrected it to the article form. No run or reopening is mentioned; receivership implies permanent closure.

Events (1)

1. September 5, 1857 Receivership

Newspaper Excerpt: It has been decided by Judge Peabody to appoint a Receiver for the Mechanics' Banking Association, but the person has not yet been selected.
Source: newspapers

Newspaper Articles (1)

1. September 5, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 5, 1857

Click image to open full size in new tab

Article Text

of the Hollister Bank of Buffalo and William Williams of the Reciprocity Bank of the same city. It has be en decided by Judge Peabody to appoint a Receiver for the Mechanics' Banking Association, but the person has not yet been selected. The Bank of Louisiana has declared a semi-annual div dend of 5 P cent, payable to New-York stockbolders less exchange, at the Merchants' Bank on the 7th inst. The Land Warraut market is very much unsettled at the annexed quotation: