4817. Bank of North America (Clinton, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 6, 1864
Location
Clinton, Indiana (39.661, -87.405)

Metadata

Model
gpt-5-mini
Short Digest
e1e9c25fe41a7884

Response Measures

None

Description

Contemporary newspapers (Apr–Jul 1864) list the Bank of North America, Clinton, among 'Suspended Banks' and state its notes were 'Redeemed at Southern Bank, Terre Haute at 90c.' No article describes a depositor run; the bank was suspended and its notes redeemed elsewhere at a discount, consistent with a suspension that led to permanent closure/outsourced redemption. Cause not specified in the articles.

Events (1)
1. April 6, 1864 Suspension
Cause Details
Article lists the bank as 'suspended' but gives no explicit cause; notes were redeemed elsewhere at 90 cents on the dollar.
Newspaper Excerpt
Suspended Banks. BANK OF NORTH AMERICA, CLINTON. Redeemed at Southern Bank, Terre Haute at 90c.
Source
newspapers

Newspaper Articles (2)
1. April 6, 1864 Daily State Sentinel Indianapolis, IN
Article from Daily State Sentinel, April 6, 1864

Click image to open full size in new tab

Article Text

BANK OF ROCKVILLE, WABASH. $15,615 Circulation MERCHANTS' & MECHANICS' BANK, NEW ALBANY. $1,037 Circulation Redeemed at the Branch Bank of the State, at New Albany. FARMERS' BANK OF WESTFIELD. $1,500 Circulation Redeemed at Fletchers' Bank. Indianapolis. LAGRANGE BANK, LIMA. $28,487 Circulation Redeemed at Lagrange Bank, Lima. CANAL BANK, EVANSVILLE. $467 Circulation Redeemed at First National Bank, Evansville. HOOSIER BANK, LOGANSPORT. Circulation $1,150 Redeemed by F.H. Wilson. Logansport, Indiana. BROOKVILLE BANK, BROOKVILLE. Circulation $2,003 Redeemed at Brookville Bank, Brookville. BANK OF INDIANA, MICHIGAN CITY. Circulation $1,494 Redeemed at C. B Blair's Banking House, Michigan City. FAYETTE COUNTY BANK, CONNERSVILLE. Circulation $556 Redeemed at Branch Bank of the State, Connersville. INDIAN RESERVE BANK, KoKoMo. Circulation $921 Redeemed at John Bohan & Co.'s office, Kokomo. BANK OF MONTICELLO. reulation $120 Redeemed at Branch Bank of the State, Lafayette. BANK OF SYRACUSE, GOSHEN. Circulation $1,823 Redeemed at Bank of Goshen, Goshen. CRESCENT CITY BANK, EVANSVILLE. Circulation $1,843 Redeemed at Crescent City Bank, Evansville. Suspended Banks. BANK OF NORTH AMERICA, CLINTON. Redeemed at Southern Bank, Terre Haute at 90c. STATE STOCK BANK, PERU. Redeemed at Bank of Goshen, Goshen at 85c. NEW YORK AND VIRGINIA STATE STOCK BANK. Redeemed olis at A. & J. C. S. Harrison's Bank, Indianapat par. WAYNE BANK, RICHMOND. at par. Redeemed at Fletcher's Bank, Indianapolis. WAYNE BANK, AT LOGANSPORT. Redeemed at Fletcher's Bank. Indianapolis at par.

2. July 18, 1864 Evansville Daily Journal Evansville, IN
Article from Evansville Daily Journal, July 18, 1864

Click image to open full size in new tab

Article Text

SUSPENDED BANKS. Bank of North America. Ulinton. Redeemedat Southern Bank, Terre Hants, at 90c. State Stock Bank, Peru, 85 Redeemed at Bank of Goshen, Goshen, at. New York and Virginia State Stock Bank. Re'd at A, & J. C.S. Harrisons' B'k, Ind'p'ls par Way: e Bank, Richmond. Redeemed at Fletcher's Bank, Ind'p'lis. at par Wayne Bank. at Logansport. Redeemed at Fletcher's Bank, Ind'p lis....at par Boobe County Bank. Redeem dat Fletch r's Bank, Ind'p'lis...at par Traders' Bank, Nashville. Redeement at City Bank, Indianapolis at par Bank of Gosport. Re'dat E, W.Argenbright'soffice,Gomport,atpar