Citizens Bank - Nashville, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 3, 1874
Location: Nashville, Tennessee (36.166, -86.784)

Metadata

Model: gpt-5-mini
Short Digest: e7cf4d82

Response Measures

None

Description

Article (1874-09-03) reports the suspension of the Citizen's Bank in Nashville and Clearing House action to examine its condition. The report gives liabilities and assets but does not state a reopening; because no reopening is mentioned and a committee was appointed to consider relief, I classify this as suspension_closure while noting permanence of closure is not explicitly stated in the text.

Events (1)

1. September 3, 1874 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended; Clearing House appointed committee to examine condition. Statement shows liabilities $749,235.71 and assets $2,182,881.92 but large portion of assets were 'outside of the portfolio'; balance due depositors $270,000.
Newspaper Excerpt: The Clearing House Association held a meeting to-day in relation to the suspension of the Citizen's Bank, and appointed a committee to examine its condition and report at an early day what can be done for its relief.
Source: newspapers

Newspaper Articles (1)

1. September 3, 1874 Nashville Union and American Nashville, TN

Article from Nashville Union and American, September 3, 1874

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Article Text

The Suspended Bank. The Clearing House Association held a meeting to-day in relation to the suspension of the Citizen's Bank, and appointed a committee to examine its condition and report at an early day what can be done for its relief. The balance due depositors is $270,000. The Clearing House statement on Friday showed for the bank: Liabilities, $749,235.71; assets, $2,182,881.92. Of the assets, however, $1,128,773.37 consisted of items outside of the portfolio.