18186. Union Bank of Tennessee (Nashville, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 24, 1866
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
4b26c4144a4f0c1a

Response Measures

None

Description

Multiple 1866 newspaper notices identify JOSEPH W. ALLEN as Receiver and instruct holders to file circulating notes with him; this indicates the bank was in receivership (closed). No run or temporary suspension described. Later (1875) assets were auctioned by the trustee. I interpret this as a suspension followed by permanent closure/receivership. Bank type set to 'state' (pre-National Bank Act naming and location suggest a state-chartered bank).

Events (2)
1. August 24, 1866 Receivership
Newspaper Excerpt
TO THE HOLDERS OF THE NOTES OF THE Union Bank of Tennessee... file such notes with JOSEPH W. ALLEN, as Trustee... JOSEPH W. ALLEN, Receiver.
Source
newspapers
2. June 2, 1875 Other
Newspaper Excerpt
The assets of the Union Bank of Tennessee were sold for cash... by Joseph W. Allen, Esq., Trustee. The amount realized from the entire assets was a little over $6,000.
Source
newspapers

Newspaper Articles (10)
1. August 24, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, August 24, 1866

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Article Text

TO H E HOLDERS OF THE NOTES OF THE Union Bank of Tennessee. T THE LAST TERM OF THE CHANCERY A Court of Davidson county, the following order was made, viz: "It is ordered that the creditors of the Union Bank of Tennessee who hold the eireulating notes and all who may hereafter become holders of such notes, shall, on or before the 1st of January next. 1867. file such notes with JOSEPH W. ALLEN, as Trustee, under the penalty, in case of failure so to de of being excluded from the pro rata dividends which may be made, and being barred from all claim against the trust fund by the statutes of limitation." In accordance with the above order. all holders of Union Bank Notes are hereby notified to present them at the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and receive certificates of deposit therefor. JOSEPH W. ALLEN, Receiver. aull-3m

2. August 26, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, August 26, 1866

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Article Text

TO THE HOLDERS OF THE NOTES OF THE Union Bank of Tennessee. T THE LAST TERM OF THE CHANCERY A Court of Davidson county, the following order was made, viz: s It is ordered that the creditors of the Union Bank of Tennessee who hold the circulating notes and all who may hereafter become holders of such notes, shall. on or before the 1st of January next, 1867, file such notes with JOSEPH W. ALLEN, as Trustee, under the penalty, in case of failure so to do of being excluded from the pro rata dividends which may be made, and being barred from all claim against the trust fund by the statutes of limitation." In accerdance with the above order, all holders of Union Bank Notes are hereby notified to present them at the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and receive certificates of deposit therefor. JOSEPH W. ALLEN, Receiver.

3. August 30, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, August 30, 1866

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Article Text

TO THE HOLDERS OF THE NOTES OF THE Union Bank of Tennessee. T THE LAST TERM OF THE CHANCERY Court of Davidson county, the following order A was made, viz: It is ordered that the creditors of the Union Bank of Tennessee who hold the eireulating notes and all who may hereafter become holders of such notes, shall, on or before the 1st of January next, 1867, file such notes with JOSEPH W. ALLEN, as Trustee, under the penalty, in case of failure so to do of being excluded from the pro rate dividends which may be made, and being barred from all claim against the trust fund by the statutes of limitation." In accordance with the above order, all holders of Union Bank Notes are hereby notified to present them at the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and recelve certificates of deposit therefor. JOSEPH W. ALLEN, Receiver. sull-3m

4. August 31, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, August 31, 1866

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Article Text

T THE LAST TERM OF THE CHANCERY A Court of Davidson county, the following order was made, viz: 'It is ordered that the creditors of the Union Bank of Tennessee who hold the eirculating notes and all who may hereafter become holders of such notes, shall, on or before the 1st of January next, 1867, file such notes with JOSEPH W. ALLEN, as Trustee, under the penalty, in case of failure so to do of being excluded from the pro rata dividends which Biay be made, and being barred from all claim against the trust fund by the statutes of limitation." In accordance with the above order, all holders of Union Bank Notes are hereby notified to present them at the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and receive certificates of depouit therefor. JOSEPH W. ALLEN, Receiver. sull-3m

5. September 8, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, September 8, 1866

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Article Text

T THE LAST TERM OF THE CHANCERY Court of Davidson county, the following order A was made, viz: 'It is ordered that the creditors of the Union Bank of Tennessee who hold the eir= culating notes and all who may hereafter become holders of such notes, shall, on or before the lat of January next, 1867, file such notes with JOSEPH W. ALLEN, as Trustee, under the penalty, in ease of failure so to do of being excluded from the pro rata dividends which may be made, and being barred from all claim against the trust fund by the statutes of limitation." In accordance with the above order, all holders of Union Bank Notes are hereby notified to present them at the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and 70ceive certificates of deposit therefor. JOSEPH W. ALLEN, Receiver. sull-8m

6. September 15, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, September 15, 1866

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Article Text

T THE LAST TERM OF THE CHANCERY A Court of Davidson county, the following order was made, viz: 'It is ordered that the creditors ef the Union Bank of Tennessee who hold the cinculating notes and all who may hereafter become holders of such notes, shall, on or before the 1st of January next, 1867, file such notes with JOSEPH W. ALLEN, as Trustee, under the penalty, in case of failureso to do of being excluded from the pro rata dividends which may be made, and being barred from all claim against the trust fund by the statutes of limitation." In accerdance with the above order. all holders of Union Bank Notes are hereby notified to present them at the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and receive certificates of deposit therefor. JOSEPH W. ALLEN, Receiver. aull-3m

7. September 21, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, September 21, 1866

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Article Text

T THE LAST TERM OF THE CHANCERY A Court of Davidson county, the following order was made, via: 'It is ordered that the ereditors of the Union Bank of Tennessee who hold the circulating notes and all who may hereafter become holders of such notes, shall, on or before the 1st of January next, 1867, file such notes with JOBEPH W. ALLEN, as Trustee, under the penalty, in case of failure so to do of being excluded from the pro rata dividends which may be made, and being barred from all claim against the trust fund by the statutes of limitation." In accordance with the above order, all holders of Union Bank Notes are hereby notified to present them at the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and receive certificates of deposit therefor. JOSEPH W. ALLEN, Receiver. auli-3m

8. September 27, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, September 27, 1866

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Article Text

TO THE HOLDERS OF THE NOTES OF THE Union Bank of Tennessee. T THE LAST TERM OF THE CHANCERY A Court of Davidson county, the following order was made, vis: 'It is ordered that the creditors of the Union Bank of Tennessee who hold the eirculating notes and all who may hereafter bacome holders of such 5 otes, shall, on or before the 1st of January next, 1867, file such notes with JOSEPH W. ALLEN, as Trustee, under the penalty, in case of failureso to do of being excluded from the pro rata dividends which may be made, and being barred from all claim against the trust fund by the statutes of limitation." In accordance with the above order, all holders of Union Bank Notes are hereby notified to present them st the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and receive certificates of deposit therefor. JOSEPH W. ALLEN, Receiver. 3cm

9. October 4, 1866 Daily Union and American Nashville, TN
Article from Daily Union and American, October 4, 1866

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Article Text

T THE LAST TERM OF THE CHANCERY A Court of Davidson county, the following order was made, viz: 'It is ordered that the creditors of the Union Bank of Tennessee who hold the eirculating notes and all who may hereafter become holders of such notes, shall, on or before the 1st of January next, 1867, file such notes with JOSEPH W. ALLEN, as Trustee, under the penalty, in case of failure so to do of being excluded from the pro rata dividends which may be made and being barred from all claim against the trust fund by the statutes of limitation." In accerdance with the above order, all holders of Union Bank Notes are hereby notified to present them at the said Bank, No. 34 North College street, Nashville, Tennessee, for registration, between now and the 1st of January next, and receive certificates of deposit therefor. JOSEPH W. ALLEN, Receiver. aull-3m

10. June 2, 1875 Nashville Union and American Nashville, TN
Article from Nashville Union and American, June 2, 1875

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Article Text

UNION BANK ASSETS. Immense Wealth Disposed of at Great Sacrifice. An Auction Eclipsing All the Lotteries Ever Drawn. The assets of the Union Bank of Tennessee were sold for cash at the court-house door yesterday[by Joseph W. Allen, Esq., Trustee. The amount realized from the entire assets was a little over $6,000. The items of the sale will be read with interest: Eight thousand acres of land in Arkansas, sold to Loomis, a banker of New London, Conn., for $1,584. Forty acres in the same State, to G. W. Humble, of the same State, $10. One hundred and forty shares of Planters' Bank stock, to J. C. McCrary, of this city, at 60 cents per share, $84. All the old books and papers to the Rock City Paper Mills, at 4 cents per tb. $476,255 Confederate Bonds and Treasury notes, to various persons, $8.85. $13,500 Arkansas War bonds, to W. M. Duncan, of Nashville, $4.50. Gen. Hindman's receipt for a "forced loan" from the branch at Memphis, of $250,000 to F. Smith, of Nashville, $1. # $20,446.25 insolvent notes, to E. F. Mulloy, $5. About $294,000 suspended debts, etc., to various parties, about $3,800. Total amount realized-a little over $6,000.