Cincinnati Bank - Cincinnati, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 24, 1839
Location: Cincinnati, Ohio (39.103, -84.515)

Metadata

Model: gpt-5-mini
Short Digest: 9f4675eb

Response Measures

None

Description

Contemporary newspaper reports (Oct 1839) state The Cincinnati ... Banks have already suspended. No articles mention a depositor run or a reopening; only suspension is reported. It is unclear from these snippets whether the suspension was permanent, but given lack of reopening information and the broader context of widespread suspensions, I classify as suspension_closure while noting uncertainty.

Events (2)

1. October 24, 1839 Suspension

Cause: Macro News
Cause Details: Part of a wider wave of suspensions tied to national/international financial disturbances (reports of large protests and specie pressures); papers link this to the broader banking/regulator crisis noted in the same reports.
Newspaper Excerpt: The Cincinnati and Wooster Banks have a'ready eurpended
Source: newspapers

2. October 26, 1839 Suspension

Cause: Macro News
Cause Details: Listed among many banks that suspended following the suspension of larger banks and international adverse news (e.g., a protested bank in Paris and falling stock values).
Newspaper Excerpt: The Delaware, Alexandria, Norfoik, (in part) Richmond, Cincinnati, Lexingtou, and Louisville Banks, have followed in the footsteps of Philadelphia.
Source: newspapers

Newspaper Articles (2)

1. October 24, 1839 The Ohio Democrat and Dover Advertiser Dover, OH

Article from The Ohio Democrat and Dover Advertiser, October 24, 1839

Click image to open full size in new tab

Article Text

The Ohio Bauks are following in the footsteps of their predecessor. aliae the Great Régulator. The Cincinnati and Wooster Banks have a'ready eurpended, and the Massillon Bank, is on the eve of a contraction. It one half of the paper bankers would invest t. eir capital, in land Banks coal Banks and Banks. of iron ore, we would hear of fewer suepensione, and no longer be dependent on Great Britain. Our com mercial men would be able to cope with every nation; our currency would as+ sume a steady pace, and move on smooth and perpelual.

2. October 26, 1839 Columbus Democrat Columbus, MS

Article from Columbus Democrat, October 26, 1839

Click image to open full size in new tab

Article Text

13 A: our latest accounts from New York, the Banks of that city had not suspended.- Two in Philadelphia, the Commercial Bank and the Philadelphia Bank, still held out, and redeemed their notes in specie. The last Nashville Whig says The Delaware, Alexandria, Norfoik, (in part) Richmond, Cincinnati, Lexingtou, and Louisville Banks, have followed in the footsteps of Philadelphia." The Pennsylvania United States Bank was the first to suspend. The Liv. erpool steam ship, which reached New York from Liverpool, on the 10th instant, brings the ne WS that, that Bank had been protested for a million of dollars, by a house in Paris. Its stock lell. in one day in the city of New York, from 93 to 77 in the hundred.- So much for THE GREAT REGULATOR It regulates the State Banks, and the currency with it vengeance!