Knoxville Bank - Knoxville, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 14, 1893
Location: Knoxville, Tennessee (35.961, -83.921)

Metadata

Model: gpt-5-mini
Short Digest: 6043a9c0

Response Measures

None

Description

The article (Aug 17, 1893) reports that 'the suspension of a Knoxville bank' caused trouble for Powell's Valley Bank. The Knoxville bank is not named explicitly, so I mark bank_name_unsure=true. The piece gives no information about reopening or receivership; therefore I classify as a suspension that appears permanent (suspension_closure).

Events (1)

1. August 14, 1893 Suspension

Cause Details: Article only states that 'a Knoxville bank' suspended; no reason or trigger for that suspension is given.
Newspaper Excerpt: The suspension of a Knoxville bank, in which the Jonesville bank had about $18,000 to its credit, was the cause of the trouble.
Source: newspapers

Newspaper Articles (1)

1. August 17, 1893 The Big Stone Gap Post Big Stone Gap, VA

Article from The Big Stone Gap Post, August 17, 1893

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Article Text

Powell's Valley Bank Suspends. The Powell's Valley Bank, Jonesville, Va., suspended last Monday, with reported assets of $54,000 and $36,000 liabilities. The POST ventures the assertion that no depositor will lose a dollar by this suspension. Judge H. J. Morgan, president, is one among the most careful business men in the state of Virgidta, and is the very soul of honor. The suspension of a Knoxville bank, in which the Jonesville bank had about $18,000 to its credit, was the cause of the trouble.