Atchafalaya Bank - New Orleans, LA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 15, 1837
Location: New Orleans, Louisiana (29.955, -90.075)

Metadata

Model: gpt-5-mini
Short Digest: 690627ae

Response Measures

None

Description

Article (New Orleans Bee, cited May 15, 1837) lists Atchafalaya Bank among twelve New Orleans banks that suspended specie payments. The notice reports suspension only; no mention of a depositor run or later reopening/receivership in the provided excerpt. I classify the episode as a suspension with permanent closure because the article gives no evidence of reopening; if further sources show reopening, episode_type should be updated.

Events (1)

1. May 15, 1837 Suspension

Cause: Macro News
Cause Details: Part of a broad suspension of specie payments by twelve New Orleans banks during the financial disturbances of May 1837.
Newspaper Excerpt: The banks that have suspended specie payments in this city amount to twelve, to wit: ... -Atchafalaya Bank.
Source: newspapers

Newspaper Articles (1)

1. May 27, 1837 South Branch Intelligencer Romney, WV

Article from South Branch Intelligencer, May 27, 1837

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Article Text

VERY LATE FROM NEW OKLEANS. From the New Orleans Bee, May 15. The banks that have suspended specie payments in this city amount to twelve, to wit : Mechanics' & Traders'-Carrolton Bank-Orleans Bark--State BankLouisiana Bank-*Improvements Bank -Commercial Bank--Union BankExchange Bank-*Canal Bank-Atchafalaya Bank. The Citizens' Bank, Merchants' Bank, Consolidated Association and Gas Light Bank, were the only institutions that redeemed their notes in full. The banks marked with an asterisk redeemed their $5 and $10 notes. The Collector of the Custom-house, J. W. Breedlove, Esq., gives notice that he will receive the notes of all the City Banks in payment of bonds.