City Bank - Cincinnati, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 8, 1858
Location: Cincinnati, Ohio (39.103, -84.515)

Metadata

Model: gpt-5-mini
Short Digest: acecf980

Response Measures

None

Description

Newspaper lists City Bank of Cincinnati under SUSPENDED BANKS and reports the Treasury paying 75 cents on the dollar for its bills (indicating suspension/distress). The brief note does not mention a run or later reopening; permanence of closure is not stated. I classify as suspension_closure but the long-term outcome is not documented in this article.

Events (1)

1. December 8, 1858 Suspension

Cause Details: Article simply reports suspension/distress; no specific cause (rumor, correspondent failure, or government action) is given.
Newspaper Excerpt: The Treasury is paying 75 cents on the dollar on bills of the City Bank of Cincinnati
Source: newspapers

Newspaper Articles (1)

1. December 8, 1858 Cleveland Morning Leader Cleveland, OH

Article from Cleveland Morning Leader, December 8, 1858

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Article Text

SUSPENDED BANKS.-The Columbus Gazette states that the Treasury is paying 75 cents on the dollar on bills of the City Bank of Cincinnati, and that there is no present market value for the bills of the Canal Bank of Cleveland and Seneca County Bank. The Franklin Bank of Zanesville, always one of the safest Banks in the State, has given notice of its intention to surrender its franchise, and is withdrawing its notes from circulation.