Bank of Petersburg (Petersburg, VA)

Episode Information

Episode UID
6688016690885
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
668801669 hash
Start Date
September 24, 1873
Location
Petersburg, Virginia (37.205, -77.392)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
153bfbf96acc59d1

Response Measures

None

Description

Articles report suspension but give no information on reopening or receivership; further articles could clarify outcome.

Events (1)
1. September 24, 1873 Suspension
Cause
Local Banks
Cause Details
Reported losses in Petersburg and other local suspensions (commission firm McIlvaine & Co. suspended); bank directors decided to suspend.
Newspaper Excerpt
The directors of the Bank of Petersburg have decided to suspend to-day.
Source
newspapers

Newspaper Articles (2)
1. September 25, 1873 The New York Herald New York, NY
Article from The New York Herald, September 25, 1873

Click image to open full size in new tab

Article Text

Losses in Petersburg, Va. RICHMOND, Va., Sept. 24, 1873. The city of Petersburg had over $200,000 in the suspended banks there. McIlvaine & Co., of that city, one of the largest commission firms in the State, are reported to have suspended. The directors of the Bank of Petersburg have decided to suspend to-day.

2. September 27, 1873 Middletown Transcript Middletown, DE
Article from Middletown Transcript, September 27, 1873

Click image to open full size in new tab

Article Text

Petersburg. Va., had over $200,000 in its suspended banks, and Wednesday Mollivaine & Co. and the bank of Peters. lurg were added to the number of sus. prusions. -