Bank of Columbia - Columbia, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 17, 1891
Location: Columbia, South Carolina (34.001, -81.035)

Metadata

Model: gpt-5-mini
Short Digest: 7c798779

Response Measures

None

Description

Article (Dec 17, 1891) reports the creditors' committee of the Bank of Columbia (Columbia, S.C.) is insolvent and indicates payout of 60–70 cents on the dollar. No run is described; this is an insolvency leading to closure/receivership.

Events (1)

1. December 17, 1891 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank declared insolvent; creditors' committee reports insolvency and partial payout to depositors.
Newspaper Excerpt: The creditors' committee of the Bank of Columbia and the Columbia Banking company, of Columbia, S. C., are now insolvent. It is reported that the banks will pay 60 or 70 cents on the dollar and probably more.
Source: newspapers

Newspaper Articles (1)

1. December 17, 1891 The Helena Independent Helena, MT

Article from The Helena Independent, December 17, 1891

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Article Text

SPARKS FROM THE WIRES. Fireman Lyons and Postal Clerk Burnett were killed near Alderson, W. Va., in a col lision. Ex-Gov. Safford, of Arizona, died at his home in Tarpan Springs, Fla., after an illness of over a year. Frank Sparks killed J. G. Delong and Denton Duke at East Barnard, Texas. The men had quarreled. The Conover Bros. company, of New York, piano manufacturers. became insolvent and George W. Cottrell was appointed receiver. The influenza is raging throughout Massachusetts. Mills and schools are suffering and every workshop, store and profession is affected. The general passenger agents on the trunk lines killed the Alton boycott and devised a new scheme to prevent the payment of commissions on passenger traffic. The case of the Adams Express company against Ex-President Hoey will be settled out of court. The terms of the compromise will involve the return of about $500,000 to the company by Hoey. The creditora' committee of the Bank of Columbia and the Columbia Banking com , pany, of Columbia, S. C., are now insolvent. It is reported that the banks will pay 60 or 70 centa on the dollar and probably more. What is supposed to be the first carload of pig tin ever mined on the North American continent arrived at Pittsburg. It came from Durango, Mexico, and is the property of the Pittsburg and Mexican Tin Mining company.