Agricultural Bank - Mount Sterling, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 10, 1855
Location: Mount Sterling, Indiana (38.796, -85.074)

Metadata

Model: gpt-5-mini
Short Digest: d74a2996

Response Measures

None

Description

Article (Daily Davenport Gazette, 1855-10-10) lists the Agricultural Bank at Mount Sterling among suspended Indiana banks whose trust securities will be sold at auction in New York on the 29th inst. This indicates the bank had suspended and its redemption securities were being sold by the state auditor (government action). No run or reopening is mentioned.

Events (2)

1. October 10, 1855 Suspension

Cause: Government Action
Cause Details: Listed by the Indiana State Auditor among suspended Indiana banks whose trust securities are to be sold to redeem circulating notes.
Newspaper Excerpt: Agricultural Bank, at Mount Sterling; ... will be sold at auction ...
Source: newspapers

2. October 29, 1855 Receivership

Newspaper Excerpt: the securities held in trust for the redemption of the circulating notes of ... Agricultural Bank, at Mount Sterling ... will be sold at auction at the Merchants' Exchange, New York city, at noon on the 29th inst.
Source: newspapers

Newspaper Articles (1)

1. October 10, 1855 Daily Davenport Gazette Davenport, IA

Article from Daily Davenport Gazette, October 10, 1855

Click image to open full size in new tab

Article Text

SALE OF STOCKS OF SUSPENDED INDIANA BANKS.-The Indiana State Auditor gives notice that the securities held in trust for the redemption of the circulating notes of the Plymouth Bank, at Plymouth; State Stock Security Bank, at Newport; Traders' Bank, at Terre Haute; Drovers' Bank, at Rome; Farmers' Bank, at Sterling: Agricultural Bank, at Mount Sterling; and New York Stock Bank, at Vincennes-all of Indiana-will be sold at soction at the Merchants' Exchange, New York city, at noon on the 29th inst. These securities consist sist of Indiana and Pennsylvania fives and Virginia and Louisiana sixes.