Bank of Elkhart - Elkhart, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 22, 1854
Location: Elkhart, Indiana (41.682, -85.977)

Metadata

Model: gpt-5-mini
Short Digest: 6d507d63

Response Measures

None

Description

The sole article is an 1854 newspaper list naming the Bank of Elkhart among banks that have recently failed. No run or reopening is reported; therefore this appears to be a suspension/closure. National banks did not exist in 1854, so I infer a state-chartered bank. Date taken from the referenced Detroit Free Press list (22 Oct 1854) cited in the 26 Oct 1854 Plymouth Banner item.

Events (1)

1. October 22, 1854 Suspension

Cause Details: Listed among banks that had recently failed in a newspaper compilation; no cause given in article.
Newspaper Excerpt: Bank of Elkhart, Indiana.
Source: newspapers

Newspaper Articles (1)

1. October 26, 1854 Plymouth Banner Plymouth, IN

Article from Plymouth Banner, October 26, 1854

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Article Text

Banks gone under. The Detroit Daily Free Press of the 22nd inst., publishes the following list of Banks as having recently failed. We have looked for, and may reasonably expect that one of the worst Bank panics the country ever experienced, is just upon us, butas to the correctness of the fate of the following we very much doubt. But here is the list published by the Free Press: Patchin Bank, Buffalo. Farmers and Merchants' Bank, Oswego. Farmers Bank of Canandagua. Drovers Bank. Ogdensburgh. Bank of Carthage. Farmersand Merchants' Bank, Maryland. Bank of Milford, Delaware, Furmers and Merchants' Bank, Memphis. Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank. New York. Merchants Bank of Macon, Georgia. Bank of Ellsworth, Maine. Elkhart County Bank, Indiana. Bank of Elkhart, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Knickerbocker Bank, New York. Suffolk Bank, New York. Kentucky Trust Company Bank. Newport Safety Fund Bank. Bank of Connersville, Indiana. Bank of Plymouth, Indiana. Commercial Bank of Kentucky. Bank of Kanawha, Virginia. Ohio Savings Bank, Cincinnati.