Citizens Savings Bank - Petersburg, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: September 23, 1873
Location: Petersburg, Virginia (37.205, -77.392)

Metadata

Model: gpt-5-mini
Short Digest: e59e7e03

Response Measures

None

Description

Article (Dallas Daily Herald, 1873-09-24) reports that Planters and Mechanics Bank of Petersburg 'suspended this morning' (Sept 23, 1873). The article mentions 'Rumors of heavy commercial failures' in the city as context. There is no information in the provided article about reopening or receivership; because the bank is reported as suspended during a wider commercial collapse (Panic-era), I classify this as suspension_closure but note the permanent closure/receivership is not explicitly stated in the article.

Events (1)

1. September 23, 1873 Suspension

Cause: Local Shock
Cause Details: Rumors of heavy commercial failures in Petersburg prompted widespread suspensions and payment declines.
Newspaper Excerpt: The Merchants National bank, Planters and Mechanics bank, Peoples' bank and the First National bank all of Petersburg, suspended this morning. Citizens Savings bank of Petersburg, though not suspended, declines payment.
Source: newspapers

Newspaper Articles (1)

1. September 24, 1873 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, September 24, 1873

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Article Text

BY TELECRAPH NEWS SUMMARY. Appearance of the Yellow Fever at Vicksburg. VICKSBURG, Miss., September 23.The Board of Health reports three fatal cases of yellow fever. RICHMOND, Va., September 23.-The Merchants National bank, Planters and Mechanics bank, Peoples' bank and the First National bank all of Petersburg, suspended this morning. Citizens Savings bank of Petersburg, though not suspended, declines payment. Rumois of heavy commercial failures are rife in that city. The banks of Richmond quiet. CINCINNATI, September 23.-General Superintendent, Van Horne, sends the following dispatch from Louisville: "Twenty deaths occurred in Shreveport yesterday. The disease is spreading in the surburbs." ST. LOUIS, September 23.-2000 people left for the prize fight. Allen won the fight in nine rounds, lasting twenty minutes. BOSTON, September 23.-Holley's mill burned; loss $40,000. HALIFAX, September 23.-The boat race was postponed on account of bad weather. GIBRALTAR, September 23.-The steamer Boombaugh exploded to-day. Four killed. WASHINGTON, September 23.-William B. Shaw, an old and leading Washington correspondent, has purchased the National Iron Works in Pennsylvania. [Note.-A storm south of here prevented the reception of our usual night dispatches.]