Bank of Lawrence County - New Castle, PA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 19, 1860
Location: New Castle, Pennsylvania (40.996, -80.346)

Metadata

Model: gpt-5-mini
Short Digest: adaae14a

Response Measures

None

Description

Article (Dec 19, 1860) reports a precautionary suspension by the bank's officers while affirming solvency and expecting a short suspension. No run or receivership mentioned; implies eventual reopening.

Events (1)

1. December 19, 1860 Suspension

Cause Details: Precautionary suspension by the bank's officers despite solvency; no adverse information or run reported.
Newspaper Excerpt: The assets of the Bank are amply sufficient to satisfy all liabilities. We consider the institution perfectly solvent and reliable, and that the suspension will not be of long duration, as it is only a precautionary measure upon the part of its officers.
Source: newspapers

Newspaper Articles (1)

1. December 19, 1860 Western Reserve Chronicle Warren, OH

Article from Western Reserve Chronicle, December 19, 1860

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Article Text

THE BANK OF LAWRENCE COUNTY.-The New Castle Gazette in alluding to the suspension of the Bank of Lawrence County, says: "The assets of the Bank are amply sufficient to satisfy all liabilities. We consider the institution perfectly solvent and reliable, and that the suspension will not be of long duration, as it is only a precautionary measure upon the part of its officers.