Phoenix Bank - Hartford, CT

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: October 14, 1857
Location: Hartford, Connecticut (41.764, -72.685)

Metadata

Model: gpt-5-mini
Short Digest: a8e556e0

Response Measures

None

Description

Newspaper reports that Phoenix (Phoen'x) Bank suspended specie payments on Oct 14, 1857 along with several other Hartford banks. No run or receivership mentioned in the article; reopening is not stated but there is no indication of permanent closure or receiver, so classified as suspension_reopening. 'Phoen'x' is OCR abbreviation of Phoenix.

Events (1)

1. October 14, 1857 Suspension

Cause: Macro News
Cause Details: Coordinated suspension by multiple Hartford banks amid the wider financial disturbances of October 1857 (panic conditions); decision taken at a meeting of bank officers.
Newspaper Excerpt: At a meeting of bank officers this morning, it was voted that the Hartford, Phoenix, City, State and Farmers' Banks suspend specie payments.
Source: newspapers

Newspaper Articles (1)

1. October 15, 1857 The New York Herald New York, NY

Article from The New York Herald, October 15, 1857

Click image to open full size in new tab

Article Text

BANK SUSPENSIONS IN HARTFORD, CONN. HARTFORD, Oct. 14, 1857. At a meeting of bank officers this morning, 11 was veled that the Hartford, Phoen'x, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement.