21837. Planters National Bank (Richmond, VA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
1628
Charter Number
1628
Start Date
September 6, 1873
Location
Richmond, Virginia (37.554, -77.460)

Metadata

Model
gpt-5-mini
Short Digest
8f93761f

Response Measures

None

Description

Article (Sept 6, 1873) reports 'The Planters' Bank ... have suspended' during the 1873 panic. A Dec 20, 1873 Richmond paper reports a federal official was instructed to resume deposits with Planters National Bank, indicating resumption/reopening. OCR corrected 'Bauk' -> 'Bank'. No explicit run on this specific bank is described in the provided articles, so classified as suspension then reopening (no run).

Events (4)

1. January 15, 1866 Chartered
Source
historical_nic
2. September 6, 1873 Suspension
Cause
Macro News
Cause Details
Suspended during the broader panic of 1873; listed among multiple banks that suspended in Richmond.
Newspaper Excerpt
RICHMOND, Va, Sept. 6.-Lancaster & Co. have suspended, The Planters' Bauk and the Commercial Bank of Farmersville and the bank in Danville have suspended.
Source
newspapers
3. December 20, 1873 Reopening
Newspaper Excerpt
Yesterday Mr. Burgess received a letter from the Secretary directing him to resume his deposits with the Planters National Bank in this city.
Source
newspapers
4. February 27, 1926 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from The Portland Daily Press, September 27, 1873

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Article Text

INDIANAPOLIS. lud., Sept. 26.-The panic has entirely disappeared. At the opening to-day there was a slight run on Ritzingers, Sharpe & Fletcher's bank by small depositors, but were promptly met. Nearly all the banks report that the deposits have exceeded the amounts withdrawn. The savings banks have met all the demands promptly, Woolen, Well & Co. will resume in a few days. INDIANAPOLIS, Sept. 26.-The clearing house has adopted the New York plan for two days. The run on Ritzinger's bank continues. No doubts of its stability exist. The Board of Trade to-day adopted a resolution asking the Eastero truak lines to reduce fourth-class rates to 45 and 50 cents to New York and Boston and to other New England cities in proportion. Louisville Advices. ST. LOUIS, Sept. 5.-Business today was somewhat checked, but several banks have trausacted business as usual while others paid O ly small amounts. ST I OUIS, Sept 26.-The St. Louis banks have adopted the New York plan in regard to payments, and the clearing house will issue 500 certiOcates, aggregating $2,000,000. RICHMOND, Va, Sept. 6.-Lancaster & Co. have suspended, The Planters' Bauk and the Commercial Bank of Farmersville and the bank in Danville have suspended. Tridegar Iron Works Co. have discharged 600 workmen employed in car building.


Article from The Daily Dispatch, December 20, 1873

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Article Text

A GOOD OMEN.-During - the late panic the Secretary of the United States Treasury instructed Mr. Rush Burgess, collector of internal revenue for this district, to forward to the United States Treasury by express his collections. Yesterday Mr. Burgess received a letter from the Secretary directing him to resume his deposits with the Planters National Bank in this city.