Article Text
CHESTERTOWN BANK.-This Bank has suspended payment. It has been in an unhealthy condition for some time. People should be careful in receiving notes, as there are a great minny worthless one's in circulation.
7419. Chestertown Bank (Chestertown, MD)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- September 6, 1854
- Location
- Chestertown, Maryland (39.209, -76.067)
Metadata
- Model
- gpt-5-mini
- Short Digest
be66689683a4739d
Response Measures
None
Description
Article (Smyrna Times, 1854-09-06) reports Chestertown Bank has suspended payment and been in an unhealthy condition with many worthless notes in circulation. The piece gives no report of a run or reopening; I classify this as a suspension leading to closure because the language implies serious (likely permanent) distress, though no explicit receivership or reopening is reported.
Events (1)
1.
September 6, 1854
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank described as in an unhealthy condition and issuance of many worthless notes; suspension of payments follows.
- Newspaper Excerpt
- CHESTERTOWN BANK.-This Bank has suspended payment. It has been in an unhealthy condition for some time. People should be careful in receiving notes, as there are a great many worthless one's in circulation.
- Source
- newspapers
Newspaper Articles (1)
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