15438. Bank of Xenia (Xenia, OH)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
state
Start Date
September 28, 1837
Location
Xenia, Ohio (39.685, -83.930)

Metadata

Model
gpt-5-mini
Short Digest
72653252bb3774e6

Response Measures

None

Description

Article (1837) reports the Bank of Xenia as specie-paying. A later (1842) article lists Xenia among Ohio banks that resolved to resume on the 4th March, implying it had suspended earlier and planned to reopen on 1842-03-04. No article describes a depositor run; sequence indicates a suspension followed by reopening.

Events (3)

1. September 28, 1837 Other
Newspaper Excerpt
Bank of Xenia, at Xenia, do.; ... listed among specie-paying banks at the last advices.
Source
newspapers
2. March 4, 1842 Reopening
Newspaper Excerpt
Twenty-two of the Ohio Banks have resolved to resume on the 4th March next ... Banks of ... Xenia ... (New-York Tribune, 1842-02-28).
Source
newspapers
3. * Suspension
Cause Details
Article implies Bank of Xenia had previously suspended and is resolving to resume operations (no explicit cause given).
Newspaper Excerpt
Twenty-two of the Ohio Banks have resolved to resume on the 4th March next ... Banks of Dayton, Xenia, Scioto, ...
Source
newspapers

Newspaper Articles (2)

Article from The Madisonian, September 28, 1837

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Article Text

SPECIE-PAYING BANKS.-The following list of banks that were paying specie at the last advices, has been compiled by a friend from the recent statement made in various newspapers. It holds out great encouragement to others to go on and do likewise, now the panic is so much over. People's Bank, at Bangor, Maine ; Waldo Bank, at Belfast, do.; Belfast Bank, do. do.; Mequinticook Bank, at Camden, do.; Lime Rock Bank, at Thomaston, do.; Connecticut River Bank, at Roxbury, Massachusetts Yarmouth Bank, at Barnstable, do.; City Bank of New Haven, Conn; Brooklyn Bank, at Brooklyn, New York ; Bank of Rome, at Rome, do.; Patterson Bank, at Patterson, New Jersey ; Franklin Bank, at Washington, Penn.; Northwestern Bank of Virginia, at Wheeling, Va.; Insurance Bank, at Columbus, Ga.; Bank of Columbus, do. do.; Commercial Bank of Macon, do.; Central Bank, at Milledgeville, do.; Citizen's Bank, at New Orleans, La.; Consolidated Association Bank, do. do.; Louisville Savings Institution, at Louisville, Ky.; Shawneetown Bank, at Shawneetown, Illinois; Dayton Bank, at Dayton, Ohio ; Dank of Marietta, at Marietta, do.; Bank of Xenia, at Xenia, do.; Ohio Trust Company, at Cincinnati, do.; Pontiac Bank, at Pontiac, Michigan.-Globe To which may be added, the Tradesmen's Bank, at New York ; the Canal lank, at New Orleans ; and the Bank of Wasington, in this City.


Article from New-York Tribune, February 28, 1842

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Article Text

The Lajayette Bank is authorized to receive its notes for any debts due it. A Receiver will be appointed on the second Tuesday in March. It is supposed that Mr. Robinson, the President, will be appointed, in which case there is reason to believe that the deposites and circulation will be paid off by the 1st June next. It is the opinion of those well informed on the subject, yet disinterested, that the stockholders will eventually receive about 33j per cent. Twenty-two of the Ohio Banks have resolved to resume on the 4th March next, as required by the act. The Commercial Bank of Scioto was one. The Franklin Bank of Columbus did not agree. Its bills are thrown out by the Cincinnati Banks. The charter of the Urbana Bank has been repealed. The Lancaster Bank is paying its notes, one-fourth in specie and three-fourths in certificates, currency or drafts. The following are the Banks which have resolved to resuine on the 4th of March The Franklin, Lafayette and Commercial Banks of Cincinnati; Banks of Dayton, Xenia, Scioto, Circleville, Marietta, Muskingum, Zanesville, Massillon, Sandusky, Wooster, St. Clairsville, Norwalk, Geauga, Western Reserve. New Lisbon, Mount Pleasant, Clinton of Columbus, and Farmers' and Mechanics' of Stenhensille