Towanda Bank - Towanda, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 8, 1849
Location: Towanda, Pennsylvania (41.768, -76.443)

Metadata

Model: gpt-5-mini
Short Digest: 3f55928b

Response Measures

None

Description

Article (1849-03-08) refers to Towanda Bank among 'broken banks' and asks when receivers will make a dividend. Indicates bank has failed and receivers are handling assets. No run is described in the text.

Events (1)

1. March 8, 1849 Receivership

Newspaper Excerpt: When are the Lewistown, the Lebight County, the Lumberman's the Towanda ... Bank Receivers to make a dividend? ... those who rob the bank before it fails are permitted to make a post mortem examination
Source: newspapers

Newspaper Articles (1)

1. March 8, 1849 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, March 8, 1849

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Article Text

Thompson's Bank Note Reporter says : The question is very often asked of us-When are the Lewistown, the Lebight County, the Lumberman's the Towanda, the Erie and the Northampton Bank Receivers to make a dividend? Our answer isPennsylvania has no system of settling the affairs of broken banks Our impression is. that those who rob the bank before it fails are per mitted to make a post mortem examination, and if anything is found, to pocket it for the Coroner's fees.