17040. Waverly Bank (Waverly, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 16, 1857
Location
Waverly, New York (42.013, -76.540)

Metadata

Model
gpt-5-mini
Short Digest
bf8ce217

Response Measures

None

Description

Contemporary 1857 newspaper lists Waverly Bank among broken banks that have failed or suspended. No run is mentioned; this is part of the wider Panic of 1857 (macro-level distress). The articles do not state a reopening or receivership assignment, so I classify as suspension leading to closure.

Events (1)
1. September 16, 1857 Suspension
Cause
Macro News
Cause Details
Listed among many banks that failed or suspended during the 1857 financial panic (Panic of 1857).
Newspaper Excerpt
Waverly Bank, Waverly, N. Y.
Source
newspapers

Newspaper Articles (2)
1. September 16, 1857 The Star of the North Bloomsburg, PA
Article from The Star of the North, September 16, 1857

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Article Text

Broken Banks. The following is a list of banks that are said to have either failed or suspended, which the public would do well to refuse until something more definite is known about them: Rhode Island Central Bank, East Greenwich. Tiverton Bank, Tiverton, R. I. Farmers' Bank, Nickford, " Warren Co. Bank, Warren, Pa. Kanawba Bank, Virginia. Hancock Bank, Maine. Waverly Bank, Waverly, N. Y. Winstead Bank, Winstead, Ct. Farmers' Bank, Saratoga, N. Y. Henesdale Bank, Pa. Mercantile Bank, Ct. Perth Amboy Bank, N.J. Woosters Bank, Ct. Chemung Co. Bank, Horseheads, N. Y. Hollister Bank, Buffaloe, N.Y. Owego Bank, N. Y. Buffaloe City Bank, N. Y. Reciprocity Bank, " White, Oliver, Lee & Co.'s Bank, Buffaloe N. Y. Farmers' Bank of Providence, R. i.

2. September 16, 1857 The Star of the North Bloomsburg, PA
Article from The Star of the North, September 16, 1857

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Article Text

Broken Banks. The following is a list of banks that are said to have either failed or suspended, which the public would do well to refuse until something more definite is known about them: Rhode Island Central Bank, East Greenwich. Tiverton Bank, Tiverton, R.I. Farmers' Bank, Nickford, " Warren Co. Bank, Warren, Pa. Kanawba Bank, Virginia. Hancock Bank, Maine. Waverly Bank, Waverly, N.Y. Winstead Bank, Winstead, Ct. Farmers' Bank, Saratoga, N. Y. Honesdale Bank, Pa. Mercantile Bank, Ct. Perth Amboy Bank, N. J. Woosters Bank, Ct. Chemung Co. Bank, Horseheade, N. Y., Hollister Bank, Buffaloe, N. Y. Owego Bank, N. Y. Buffaloe City Bank, N. Y. C Reciprocity Bank, White, Oliver, Lee & Co.'s Bank, Buffaloe N.Y. Farmers' Bank of Providence, R. I.