Bank of Fulton - Atlanta, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 2, 1868
Location: Atlanta, Georgia (33.749, -84.388)

Metadata

Model: gpt-5-mini
Short Digest: fe8763c5

Response Measures

None

Description

Newspaper reports (Jan 1868) describe bill-holders filing a petition in bankruptcy because the bank's officers refused to pay on demand, indicating the Bank of Fulton had suspended payments and was subject to bankruptcy proceedings. No article describes a depositor run; outcome implies permanent closure via bankruptcy. I infer 'state' bank from the name but charter type is not explicitly stated.

Events (1)

1. January 2, 1868 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Officers refused to pay bill-holders on demand, prompting petition in bankruptcy; indicates insolvency or inability to meet obligations.
Newspaper Excerpt: holders of the bills of the Bank, which the officers refused to pay on demand.
Source: newspapers

Newspaper Articles (3)

1. January 2, 1868 The Charleston Daily News Charleston, SC

Article from The Charleston Daily News, January 2, 1868

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Article Text

# A PETITION IN BANKRUPTCY A PETITION IN BANKRUPTCY has been filed by certain bill-holders in Atlanta against the Bank of Fulton of that city. This case will bring up for decision several important questions arising under the bankrupt law between suspended banks and their bill-holders.

2. January 7, 1868 The Tri-Weekly Standard Raleigh, NC

Article from The Tri-Weekly Standard, January 7, 1868

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Article Text

IMPORTANT MATTER IN BANKRUPTCY.Messrs. Wm. M. and R. J. Lowry, of this city, on yesterday filed a petition in Bankruptcy against the Bank of Fulton. Messrs. Lowry are the holders of a large amount of the bills of the Bank, which the officers refused to pay on demand. This case, coming before the United States District court, will devolve upon Judge Erskine the responsibility of deciding the important questions, arising under the United States Bankrupt laws, between suspended Banks and their bill holders. Messrs. Arnold, Broyles & Robinson are prosecuting the case for the petitioners.-Atlanta (Ga.) Intel.

3. January 8, 1868 The Weekly North-Carolina Standard Raleigh, NC

Article from The Weekly North-Carolina Standard, January 8, 1868

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Article Text

IMPORTANT MATTER IN BANKRUPTCY.Messrs. Wm. M. and R.J. Lowry, of this city, on yesterday filed a petition in Bankruptcy against the Bank of Fulton. Messrs. Lowry are the holders of a large amount of the bills of the Bank, which the officers refused to pay on demand. This case, coming before the United States District court, will devolve upon Judge Erskine the responsibility of deciding the important questions, arising under the United States Bankrupt laws, between suspended Banks and their bill holders. Messrs. Arnold, Broyles & Robinson are prosecuting the case for the petitioners.-Atlanta (Ga.) Intel.