19440. Bank of Pottstown (Pottstown, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 23, 1860
Location
Pottstown, Pennsylvania (40.245, -75.650)

Metadata

Model
gpt-5-mini
Short Digest
02780d94

Response Measures

None

Description

Three contemporary newspaper reports (dated Nov 23, 1860) state the Bank of Pottstown has suspended specie payments and that its notes would be redeemed in Philadelphia. No article mentions a depositor run, reopening, receiver appointment, or permanent closure details. Because the only documented event is a suspension (no reopening reported), I classify the episode as suspension_closure but note that the sources do not state whether the suspension was permanent or temporary.

Events (1)

1. November 23, 1860 Suspension
Cause Details
Contemporary notices only report suspension of specie payments; no cause given in the articles.
Newspaper Excerpt
The Bank of Pottstown has suspended specie payments. Its notes will be redeemed in Philadelphia.
Source
newspapers

Newspaper Articles (3)

Article from Daily Intelligencer, November 24, 1860

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Article Text

POTTSTOWN, Pa., Nov. 23.-The Bank of Pottstown has suspended specie payments. Its notes will be redeemed in Philadelphia.


Article from Richmond Daily Whig, November 26, 1860

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Article Text

THE POTTSTOWN BANK. POTTSTOWN, Pa., Nov. 23.-The Bank of Pottstown has suspended specie payments. Its notes will be redeemed in Philadelphia as heretofore. GOV. WISE.


Article from Bedford Inquirer, November 30, 1860

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Article Text

POTTSTOWN, Pa., Nov. 23.-Tho Bank of Pottstown "has. suspended specie payment. Its notes will be redeemed in Philadelphia as heretsfore.