Farmers Bank - Richmond, VA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 1, 1834*
Location: Richmond, Virginia (37.554, -77.460)

Metadata

Model: gpt-5-mini
Short Digest: d3379cf4

Response Measures

None

Description

Article (Martinsburg Gazette, 1834-05-15) reports that Farmers Bank (Richmond) had given notice that its facilities would be curtailed shortly after several important failures in the city. No explicit run is mentioned; the item describes a curtailment/suspension of payments likely temporary. There is no information on a permanent closure or receivership, so I classify as a suspension with implied temporary restriction (suspension_reopening).

Events (1)

1. May 1, 1834* Suspension

Cause: Local Banks
Cause Details: Several important failures occurred in Richmond the prior week; bank curtailed facilities in that context
Newspaper Excerpt: The Farmer's Bank had given notice that its facilities would be curtailed shortly
Source: newspapers

Newspaper Articles (1)

1. May 15, 1834 Martinsburg Gazette Martinsburg, WV

Article from Martinsburg Gazette, May 15, 1834

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Article Text

VIRGINIA ELECTIONS. d Accomac.-John P. Drummond (Anti-Jackson) 466, Southey M. Grinalds (Anti-Jackson) 352, Poulson (Jackson) 251. Wood.-Henry L Prentiss (Anti-Jackson) elected. Harrison.--Wilson Shinn (Jackson) 785, Daniel Kincheloe (supposed Jackson) 694-These gentlemen are elected. There is some doubt as to the political sentiments of both of them: But as we can do without them, we set them down as administration. Lee -Caldwell (Jackson) elected. Washington.-Clark (Jackson) elected. Scott.-Col. Spear (Jackson) elected. Smyth.-Harley (Jackson) elected. Page.-Doct. Wm. M. Robertson (Jackson) elected. Orange.-John Wolfolk (Jackson) 446, Jas. Barbour Auti-Jackson) 356. Greenbrier.-Pierre B. Wethered (Anti-Jackson) elected. Floyd.-T. H. Steger (Jackson) elected. Giles.--1 del.) For Reuben M. Watts (Jackson) 371, for Col. King (Jackson) 170-for William Smith (Anti) 85. Logan.-Anthony Lawson (Anti) elected. Nicho'as & Fayette-Price (Anti) elected. in place of Stephenson.Cabell.-Hampton (Anti) 373-Thornburg (J) 347. Mason & Jackson.-Major Wagoner (Anti) is elected. Another suspension.-The Maryland Savings Institution has suspended the receipt and payment of deposites for the present.By a private letter from Richmond, we learn that several important failures occurred in the City last week. The Farmer's Bank had given notice that its facilities would be curtailed shortly, and it was supposed the Virginia Bank would soon take the same course. The E'ections.-We have heard from all the counties with the exception of Randolph and Grayson. The Whig majority in the Legislature will be about thirty-large enough.-We shall give a corrected list of the whole number, as soon as practicable.-