Towanda Bank - Towanda, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 5, 1842
Location: Towanda, Pennsylvania (41.768, -76.443)

Metadata

Model: gpt-5-mini
Short Digest: d829542e

Response Measures

None

Description

The brief 1842 article states the Towanda Bank, in Pennsylvania has exploded. No run or preceding withdrawals are described; wording indicates a failure/closure. Interpreted as a suspension that resulted in permanent closure. OCR is minimal; 'exploded' is the quoted phrasing from the paper and likely means failed.

Events (1)

1. February 5, 1842 Suspension

Cause Details: Article only reports the bank 'has exploded' (failure/closure); no cause given.
Newspaper Excerpt: it is stated that the Towanda Bank, in Pennsylvania has exploded.
Source: newspapers

Newspaper Articles (1)

1. February 5, 1842 Richmond Palladium Richmond, IN

Article from Richmond Palladium, February 5, 1842

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Article Text

ape, and three baboons, CO AS to have enough left for a small yellow dog. "I'm in 8 grate scrape" AS the nutmeg agonizingly exclaimed to the grater. It is stated that the Chesapeake Bank of Baltimore has had a run made on her, and that she now refuses to redeem any thing over five dollars. It is also stated that the Towanda Bank, in Pennsylvania has exploded. The Great Eas. term mail from Wheeling to Cincinnati is hereafter to be carried through in two stages. The at. tempt to put down the Ladies Bustles has been a perfect failure-they still stick out a feet. A pair of silk gloves was lately manufactured at the price of 15,000 francs for the Queen of Belgium, but they were rejected on the ground of the enormous expense.