Perry County Bank - Cannelton, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 15, 1854
Location: Cannelton, Indiana (37.911, -86.744)

Metadata

Model: gpt-5-mini
Short Digest: 4d3e475fa9bb7828

Response Measures

None

Description

The article (Nov 24, 1854) lists Perry county Bank, Cannelton among several Indiana banks under protest (i.e., suspending payments) as of mid-November 1854. No mention of a depositor run or any reopening/resumption is provided in the excerpt. I infer a suspension tied to a broader wave of bank distress (macro news). 'Perry county Bank' capitalization/spacing corrected from OCR. Outcome (reopening vs permanent closure) is not stated; I classify as suspension_closure because there is no evidence of reopening or later operation in the provided text.

Events (1)

1. November 15, 1854 Suspension

Cause: Macro News
Cause Details: Listed among multiple Indiana banks 'under protest' during a wave of failures/distress in November 1854; suspension appears related to broader banking turmoil rather than a specific local failure.
Newspaper Excerpt: Seven more Indiana Banks under protest, viz: ... Perry county Bank, Cannelton;
Source: newspapers

Newspaper Articles (1)

1. November 24, 1854 The Kalida Venture Kalida, OH

Article from The Kalida Venture, November 24, 1854

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Article Text

bas Latest Banks Failed. The Bank of Circleville, Ohio, is said to have failed-also The Farmers' Bank, of Chicago, Ill. The Exchange Bank, Buffalo, N. Y. The Canal Bank, Cleveland, Ohio. The City Bank of Columbus, Ohio, suspended this morning. The Woodbury Bank, Woodbury, Con nec:icut, thrown out at the Suffolk Bank Seven more Indiana Banks under protest, viz: Wayne Bank, Logansport; State Stock Bank of Indiana, Peru; Upper Wabash Bank, Wabash; Perry county Bank, Cannelton; Steuben county Bank, Angola; Traders Bank, Terre Haute; Great Western Bank, Terre Haute, Look out for more soor!-Dye's Bank Mirror, Nov. 15th, 1854.