Commercial Bank - Rochester, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 13, 1844
Location: Rochester, New York (43.155, -77.616)

Metadata

Model: gpt-5-mini
Short Digest: 99e4f7b2

Response Measures

None

Description

Article (New-York Daily Tribune, 1844-02-13) reports that the remaining assets of the Commercial Bank of Rochester were offered at auction 'by order of the Receiver', indicating the bank was in receivership and assets being liquidated. No run or depositor run is described in the excerpt; therefore classified as a suspension leading to closure/receivership. Bank type inferred as a state bank (no National or Trust in name; pre-National Bank era).

Events (2)

1. February 13, 1844 Other

Newspaper Excerpt: The remaining assets of the Commercial Bank, by order of the Receiver, were offered at Auction to-day.
Source: newspapers

2. February 13, 1844 Receivership

Newspaper Excerpt: The remaining assets of the Commercial Bank, by order of the Receiver, were offered at Auction to-day.
Source: newspapers

Newspaper Articles (1)

1. February 13, 1844 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, February 13, 1844

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Article Text

Commercial and Money Matters. For sales at the Stock Exchange, &.c. see Last Page. MONDAY P. M. There was a much better feeling at the Stock Board to-day, and nearly every description improved. The news from the other side, coupled with the movement in Cotton and the decline of Exchange, has given confidence to operators that Stocks must go up. Exchange is very heavy to-day, and some Virginia bank bills sold at 9c. We quote It for the best bills. Francs are 5. 30 a 5.271, with nothing doing. The remaining assets of the Commercial Bank, by order of the Receiver, were offered at Auction todav. [Notes and jndgments against various individuals were sold, to the amount of $100,000, for the aggregate sum of $260. Judgments against Geo. D. Strong for upward of $50,000 were knocked down at $24. The largest amount received for one item was $57 for a note of Geo. Field for $200. The Quarterly Report of the Commercial Bank of Rochester shows a circulation of $100,715 against $122,048 in November, $103,981 in August, and $78,082 in January, 1843. While the circulation has decreased $21,300 since November, the deposites have increased $52,946, being $94,249 against $41,303 at that time. The circulation of the Rochester City Bank is $165,455 against $266,669 in November, $156,118 in August, and $114,898 in January, 1843-showing a decrease of $101,200 since Nov. From a report furnished the Legislature of Alabama at its late session, we have the following statement, showing the aggregate amount due to State Bank and branches: