4834. Fayette County Bank (Connersville, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1858
Location
Connersville, Indiana (39.641, -85.141)

Metadata

Model
gpt-5-mini
Short Digest
fd9e586b82750b6c

Response Measures

None

Description

Multiple 1858 newspaper notices (reprinting Auditor of State circular) state 'Fayette County Bank, redeemed at the Branch Bank, Connersville' and list it among banks 'winding up voluntarily' and redeeming notes at par. There is no mention of a depositor run or temporary suspension; this is voluntary winding up/closure. Date taken from Auditor circular (April 1, 1858) as reported in April–June 1858 newspapers.

Events (1)

1. April 1, 1858 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank is listed in Auditor of State circular as 'winding up voluntarily' and redeeming its notes at par at the Branch Bank, Connersville.
Newspaper Excerpt
Fayette County Bank, redeemed at the Branch Bank, Connersville; The following banks are winding up voluntarily, and are redeeming their notes at par.
Source
newspapers

Newspaper Articles (10)

Article from The New York Herald, June 12, 1857

Click image to open full size in new tab

Article Text

The specie paying banks that are winding up and redeeming their circulation at par areBrookville Bank, Bank of the Capitol, Bank of Elkhart, Hoosier Bank, Indiana Stock Bank, Huntington County Bank, Indiana Reserve Bank, Bank of Monticello, redeemed at Branch Bank, Lafayette; Fayette County Bank, redeemat Branch Bank, Connersville; Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany; Bank of Syracuse, redeemed at Bank of Goshen; New York and Virginia State Stock Bank, redeemed at Crescent City Bank; Traders' Bank, Indianapolis, redeemed at the Bank of the Capitol. The suspended banks, redeemed at the Auditor's office at 90 per cent, areBank of Albany, Kalamazoo Bank, State Stock Bank, Marion, and Bank of Clinton. Those at 87 per cent are-Bank of America and Bank of Connersville. At 92 per cultureTraders' Bank, Nashville, and Wabash Valley Bank. Those at par are-Agricultural, Orange, Bank of Perryville, Rockport, South Bend, Wayne Bank, Logansport and Bank of Warsaw. The Atlantic Bank at 80 per cent; Elkhart, 97; Farmers' Bank, Jasper, at 91; Laurel Bank at 82; Nerthern Indiana at 832 State Stock Bank, Peru, at 85; Bank of T. Wadsworth at 91; Bank of North America, Clinton, at 90; Savings Bank of Indiana, Connersville, 69.


Article from The New York Herald, January 15, 1858

Click image to open full size in new tab

Article Text

BANKS OF RHODE ISLAND. Due from Banks. 93 B'ks Dec. 14. 98 B'ks May 2. in $20,561,510 Capital actually paid $20.857,075 Bills in circulation 3,192,661 5,344,662 Deposits on interest 381,402 439,322 Deposits not on interest 2,452,327 3,045,571 Debts due to other banks 1,661,204 1,484,358 Dividends unpaid. 57,780 74,985 Net profits on hand 1,308,979 1,338,505 Total amount of liabilities $29,615,867 $32,584,482 Resources of the Banks. Debts due from directors $1,571,713 $1,568,742 " from stockholders 1,306,004 2,338,120 " from all others 22,945,433 25,136,935 Specie actually in banks 570,850 329,724 Bills of other banks 860,778 1,220,047 Deposits in other banks 1,410,675 1,134,609 Its own held by the bank 226,733 83,472 Amount and description of stock in other banks and of other stocks owned by the bank 145,129 127,839 Real estate 527,787 505,705 50,760 Other property 89,182 Total amount of resources $29,615,867 $32,584,482 Increase of capital since last return 201,500 458,429 Amount of last dividend 727,121 732,949 Reserved pronts at the time of last dividend 903,341 834,438 Debts due and not paid 1,387,425 585,152 Amount of suspended paper considered bad or doubtful 304,450 86,056 Amount loaned on pledges of stock in the bank $92,550 665,698 Amount of bills in circulation under five dollars 710,975 1,146,217 Among the facts exhibited by this report are, that in May last the circulation of all the banks was $5,344,662. when they then held $329,724 in specie, or about 6 per cent. By the report made in Decem. ber, the circulation was $3,192,661, with $570,850 in specie, or a proportion of 18 per cent of the circulation. The loans in this time have been reduced $3,271,847. A fact in connection with this must be stated: that the May report embraced the returns of five more banks, with an aggregate of about $300,000 capital, than are given in the latter report. Four of these banks have gone into liquidation, and one did not make its report in season to be included in the abstract. The State Auditor of Indiana gives the following official statement in relation to the free banks of that State:INDIANA FREE BANKS, JAN. 1, 1858. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of the State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation:Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli. Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bioomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Park County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following barks have complied with the amended law. but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin:Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks gave notice of their intention to close prior to the first day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent excess of securities. The notes are redeemed at par:Bank of Elkhart, redeemed at the bank. " Brookville Bank, " " Hoosier Bank, " Huntington County Bank, " Indiana Stock Bank, Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette County Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed by the Auditor of State, viz. Agricultural Bank at par. Atlantic Bank at 80c. at 90c. Bank of Albany Bank of Albion at par. Bank of America at 87c. Bank of Attica at 80c. at 88c. Bank at Bridgeport 87c. Bank of Conneraville


Article from Marshall County Democrat, February 18, 1858

Click image to open full size in new tab

Article Text

ted with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank. Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following banks have complied with the the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin. Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks have given notice of their intention to close prior to the first day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. exeess of securities. The notes are redeemed at par: Bank of Elkhart, redeemed at the Bank' " " " Brookville Bank, " " " Hoosier Bank, Huntington County Bank, redeemed at the Bank. " " " " Indiana Stock Bank of Montic llo, redeemed at the Branch Bank, Lafavette. Fayette County Bank, redeemed at the Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany. Bank of Syracuse, redeemed at the Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed by the Auditor of State. viz:


Article from Marshall County Democrat, February 25, 1858

Click image to open full size in new tab

Article Text

BANK NOTE LIST. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers Bank, Westfield. Indiana Bank, M udison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank. Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank. Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following banks have complied with the the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin. Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks have given notice of their intention to close prior to the first day of March. 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. exeess of securities. The notes are redeemed at par: Bank of Elkhart, redeemed at the Bank' " " " Brookville Bank, " " " Hoosier Bank, Hantington County Bank, redeemed at the Bank. " " " " Indiana Stock Bank of Montic llo, redeemed at the Branch Bank, Lafayette. Fayette County Bank, redeemed at the Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany. Bank of Syracuse, redeemed at the Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed beth of S


Article from The Evansville Daily Journal, April 6, 1858

Click image to open full size in new tab

Article Text

lowing circular in relation to the Free Banks of the State. OFFICE OF AUDITOR OF STATE, Indianapolis, April 1, 1858. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen; Bank of Gosport, Gosport; Bank of Mt. Vernon, Mt. Vernon; Bank of Paoli, Paoli; Bank of Rockville, Wabash; Bank of Salem, New Albany; Bank of Salem, Salem; Bloomington Bank, Bloomington; Exchange Bank, Greencastle; Farmers' Bank, Westfield; Indiana Bank, Madison; Indiana Farmers, Bank, Franklin; Kentucky Stock Bank, Columbus; Lagrange Bank, Lima; Parke County Bank, Rockville; Prairie City Bank, Terre Haute; Salem Bank, Goshen, Southern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but havesince given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City; Cambridge City Bank, Cambridge City; Canal Bank, Evansville; Central Bank, Indianopolis; redeemed by the Treasurer of State; Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par as specified. The ten per cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank; Brookville Bank, redeemed at the bank; Hoosier Bank, redeemed at the bank; Huntington County Bank, redeemed at the bank; Indiana Stock Bank, redeemed at Fletcher's Bank; Bank of Monticello, redeemed at the Branch bank, Lafsyette; Fayette County Bank, redeemed at the Branch bank, Connersville; Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany; Bank of Syracuse, redeemed at Bank of Goshen; Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. Suspended Banks.-The notes of the following banks are redeemed by the Auditor of State. viz:


Article from Marshall County Democrat, May 13, 1858

Click image to open full size in new tab

Article Text

Indiana Free Banks. OFFICE OF AUDITOR OF STATE, ) Indianapolis, May 1, 1858. 5 The following Banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market valtie, to an amount not less than fifty thousand dollars, and ten per ct. in excess of their circulation: Bank of Goshen, Goshen; do Gosport, Gosport: do Mt. Vernon, Mt. Vernon; do Paoli, Paoli; do Rockville, Wabash; do Salem, New Albany; do Salem, Salem, Bloomington Bank, Bloomington; Exchange Bank, Greencastle; Farmers' Bank. Westfield; ) Indiana Bank, Madison; Indiana Farmers' Bank, Franklin; I Kentucky Stock Bank, Columbus; Lagrange Bank. Lima; Parke County Bank, Rockville; ) Prairie City Bank, Terre Haute; Salem Bank, Goshen; Southern Bank of Indiana, Terre Haute. The following Banks have complied with t the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in ) coin: f Bank of Indiana, Michigan City; Cambridge City Bank, Cambridge City; Canal Bank, Evansville; Central Bank, Indianapolis-redeemed by the Treasurer of State; Crescent City Bank, Evansville. The following Banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten per cent. excess of securities is retained by the Auditor: Bank of Elkbart, redeemed at the Bank; " " Brookville Bank, " " Hoosier Bank, " " Huntington Co. Bank Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Connersville. Merchants' & Mechanics', redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, at Fletcher's Bank Indianapolis. SUSPENDED BANKS. The notes of the following Banks are redeemed by the Auditor of State: Agricultural Bank, at par. Atlantic Bank, at 80. Bank of Albany, at 90. Bank of Albion, at par. Bank of America at - 87. Dank of Attica, at 82. Bank of Bridgeport, at 88. Bank of Connersville, at 87. Bank of Perrysville, at par. Bank of South Bend, at par. Bank of T. Wadsworth, at 91. Bank of North America, C Clinton, at 90. Bank of Rockport, at p or. Farmers' Bank, Jaspe* Kalamazoo Bank, at na is at 91. 90. Laurel Bank, at 8 2. Northern Indiar Bank, at 83.


Article from The Evansville Daily Journal, June 8, 1858

Click image to open full size in new tab

Article Text

[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, 1 , Indianapoiis, June 1. '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon Bank of Paoli. Paoli. Bank of Rockville. Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle, Farmers' Bank, Westfield. Indiana Bank. Mudison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bauk, Columbus. Ingrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana. Terre Haute. The following banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana. Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank. Indianapotis-redeemed by be reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par. as specified. The ten cent excess of se curities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " : " Brookville Bank, " " " Hoowier Bank. " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Conneraville Merchants' and Mochanics' Bank, redeemed sit Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the following hanks era no.


Article from The Evansville Daily Journal, June 10, 1858

Click image to open full size in new tab

Article Text

[From the Indianapolis Sentinol, June 1st.) Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoll. Bank of Rockville Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Parmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshed. Sauthern Bank of Indiana, Terre Haute. The following banks have complied with the antended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City, Caual Bank, Evansvillo. Central Bank, Indianapolis-redeemed by ho reasure of State. Creacent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par as specified. The ten cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " is Brookville Bank, " " Hoosier Bank, " Huntington Co.: Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Favette Co. Bank, redeemed at Branch Bank Connersville Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at FletchBauk, Indianapolis. SUSPENDED BANKS. This notes of the following banks are re-


Article from The Evansville Daily Journal, June 12, 1858

Click image to open full size in new tab

Article Text

[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir snarket value, to an amount not less than gifty thousand dollars, and ten per cent in 6X06SS of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville. Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank. Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but have since given not 06 of their intention to withdraw their circ ilation. Their notes are payable in coin: Bank of Indiana. Michigan City. Cambridge City Bank, Cambridge City. Canal Bank. Evansville. Central Bank. Indianapoiis-redeemed by be reasure of State. Crescent City Bank, Evanaville. The following banks are winding up volI utarily, and are redeeming their notes at T ir. as specified. The ten cent excess of se c aritios is retained by the Auditor: Bank of Elkhart, redeemed at the bank. .. " " Brookville Bank, " " " Hoowier Bank. " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletchone Bank. Bank of Monticello, redeemed at Branch I ank, Lafayette. Fayette Co. Bank, redeemed at Branch ] Bank Connersville Merchants' and Mechanics' Bank, redeem, I at Branch Bank. New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank. redeemed at Fletch(*'s Bauk, Indian ipolin. SUSPENDED BANKS.


Article from The Jasper Weekly Courier, June 18, 1858

Click image to open full size in new tab

Article Text

Indiana Free Banks. OFFICE OF AUDITOR OF STATE. 1 Indianapolis, April 1 1838 The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not legs than fifty thousand dollars, and ten por cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gesport. Bank of Mt. Vernon, Mt. Vernon Bank of Paoli, Paoli. Bank of Rockville, Wabash Bank of Salem, Salem. Bank of Salam, New Albany. Bloomington Bank Bloemington. Exchange Bank, Greenenstle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus Lagrange Bank, Lime. Parke County Bank, Rockville. Prairle City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, T. Haute. The following Banks have complied with the amended law, but have since given no. tice of their intention to withdraw their cir culation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville Central Bank, Indianapolis - redeemed by the Treasurer of State. Créscent City Bank Evanaville. The following Banks are winding up vul. untarily, and are redeeming their notes at par, ns specified. The ten per cent. excese of securities is retained by the Auditor: Bank of Eikhart, redeemed at the Bank. Brookville Bank, do do do do do do do do Hoosier Bank, Huntington Co. Bank, redeemed at the Bank. Indiana Stock Bank, redeemed at Fletch er's Bank. Bank of Monticello, deemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indiana Reserve Lark, redeemed at Fletch er's Bank, Indianapor. s.