Article Text
The stock of the Shenandoah County Bank is offered at fifty cents on the dollar, and a receiver will be applied for at the January term of the Circuit Court.
21941. Shenandoah County Bank (Woodstock, VA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- December 24, 1886
- Location
- Woodstock, Virginia (38.872, -78.517)
Metadata
- Model
- gpt-5-mini
- Short Digest
6a4ddc4b
Response Measures
None
Description
Articles indicate the Shenandoah County Bank suspended and was insolvent (stock offered at 50¢ on the dollar) with an application for a receiver at the January court term, implying permanent closure/receivership. A later article (July 1887) references the bank's suspension in context of a wider panic, but the primary evidence points to bank insolvency and receivership.
Events (3)
1.
December 24, 1886
Other
- Newspaper Excerpt
- The stock of the Shenandoah County Bank is offered at fifty cents on the dollar, and a receiver will be applied for at the January term of the Circuit Court.
- Source
- newspapers
2.
December 24, 1886
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank had become distressed; stock offered at fifty cents on the dollar indicating insolvency leading to suspension.
- Newspaper Excerpt
- Why did he not send a small amount to Woodstock to relieve the pressure when the Shenandoah county bank suspended?
- Source
- newspapers
3.
January 1, 1887*
Receivership
- Newspaper Excerpt
- The stock of the Shenandoah County Bank is offered at fifty cents on the dollar, and a receiver will be applied for at the January term of the Circuit Court.
- Source
- newspapers
Newspaper Articles (2)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
The gold gamblers of New York created a panic last week which sent many of them to grass. Secretary Fairchild sent $9,000,000 from the National Treasury to relieve them. Why did he not send a small amount to Woodstock to relieve the pressure when the Shenandoah county bank suspended? We have long noticed that this government was made for the benefit of the speculators, dudes, gamblers and confidence men of Manhattan Island, the outlying province of Britain.