7575. Mercantile Bank (Bangor, ME)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
October 14, 1842
Location
Bangor, Maine (44.801, -68.778)

Metadata

Model
gpt-5-mini
Short Digest
8c47f244c2ecaf74

Response Measures

None

Description

Two contemporaneous newspaper listings (1842-10-14 and 1843-01-06) include an entry for 'Mercantile Bank, Bangor' in a list of Maine banks with status notes. The entry appears in the same line as other banks labelled 'charter surrendered' or 'worthless'. OCR is noisy; the listing context indicates the bank had its charter surrendered/closed rather than a depositor run. I therefore classify this as a suspension/closure (charter surrendered โ†’ permanent closure).

Events (1)

1. October 14, 1842 Suspension
Cause
Voluntary Liquidation
Cause Details
Listed in newspaper table as 'charter surrendered' (charter surrendered/Bank closed).
Newspaper Excerpt
Mercantile Bank, Bangor ... charter surrrendered
Source
newspapers

Newspaper Articles (2)

Article from The Spirit of the Age, October 14, 1842

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Article Text

MAINE. Agricultural Bank, Brewer in hands of receivers 80 a 90 ct. dis. Bangor Commercial Bank, Bangor charter surrendered 3 4 Bath Bank redeemed t charter expired Castine Bank worthless t Citizen's Bank. Mugusta. (new plate) : charter anulted do Calis Bank 10 a , 10 a City Bank, Portland charter surrendered Damariscotta Bank do worthless do Frankfort Bank, Frankfort do do do Globe Bank, Bangor do Georgia Lumber Co. Portland : do Hallowell and Augusta Kenebeck Bank do Kennebunk Bank do Lafayette Bank, Bangor 3 charter surrrendered 3 4 Mercantile Bank, Bangor Oldtown Bank worthless Fraud do Oxford Bank, Fryburg do Passamaquoddy Bank do People's Bank charter surrendered Stillwater Canal, at Orono do In hands of receivers Saco Bank redeemed by Trustees at Saco 15 a St. Croix, Calis Washington county, Calis worthless charter surrendered Waterville Bank redeemed (closed) 2 a Westbrook Bank, Westbrook Wiscasset Bank worthless NEW HAMPSHIRE. Concord Bank 2 a worthless Hillsborough Bank New Hampshire, Portsmouth, charter redeemed expired worthless Woolfborugh Bank VERMONT. Agricultural Bank, Troy Fraud no such Bank authorised a 80 Bennington Bank, Bennington fraud Comercial Bank of Vermont no such Bank authorised worthless Essex, Guildhall do fraud Green Mountain Bank do Jefferson, County Bank fraud 2a 3 St. Albans Bank MASSACHUSETTS. redeemed Amherst Bank, charter surrendered worthless Berkshire Bank 80 90 Chelsen Bank, Chelsea 75 80 Commonwealth Bank, Boston East Bridgwater Bank redeemed charter surrendered worthless Essex Bank, Salem do Farmers' and Mechanics', 8. Adams do Farmers' Bank, Betchertown do Franklin Bank. Boston do Fulton, or Wimnisimmet Bank, Boston do Hampshire Bank, Northampton do Lathyette Bank, Boston closed Mendon Bank do 2 a Middlesex Bank. Cambridge, redeemed 15 20 Middling Interest Bank, Boston a 90 Nahant Bank. Lynn 75a Neburyport Bank redeemed Norfolk Bank, Roxbury worthless Phenix Bank. Nantucket do Roxbury Bank charter annulled do Sutton Bank Winthrop Bank, gone into Equidation redeemed RHODE ISLAND. worthless Burrillville Bank do fraud Eagle Bank, Newport do Farmers' Bank 75 a 80 Farmers' and Mechanics' Bank , worthless Franklin Bank, Providence fraud closed redeemed Mount Hope Bank e a 10 Pascong Bank CONNECTICUT. I I Bridgeport Manufacturing Co. fraud worthless do N Derby Bank, do e Eagle Bank a 50 Housatonic Railroad Co. . : : NEW YORK. 1 1-8a1-4 New York City r 11-4 OM Safety Fund, good Banks h a 2 Red Back. uncertain do do New 60 65 United States Bank Bills, old and new . 10 a 12 1-2 Novia Scotia Bills 7 9 New Brunswick Bills n It EXCHANGE e Drafts on New York par a 1-10 premium t 1.4 a Albany Philadeiphia par 1-10 dis 1 Baltimore par a 1-10 e 3-4a 2 Norfolk . 13-4 a 2 Bichmond 1 I 1.2a 2 Charlestown 2 a 3 Savannah 4 a 5 Augusta, Ga. a 10 nominal Mobile* e 6 a 7 New Orleans 1 16 a 17 Nashville a 20 St. Louis y N 4 a 5 Cineinnati It 13 a 14 Columbus e Mobile funds have improved 10 per cent. within a few is days. We now cuote them at a 31.


Article from The Spirit of the Age, January 6, 1843

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Article Text

MAINE. Agricultural Bank, Brewer in hands of receivers 80 a 90 ct. dis e Bangor Commer lal Bank, Bangor charter surrendered 3 a 4 Bath Bank worthless charter expired Citizen's Bank Augusta. (new plate) charter anulled do Calis Bank 8 10 a 15 City Bank, Portland charter surrendered Damariscotta Bank do worthless do Franktort Bank, Frankfort do do do Globe Bank, Bangor do Georgia Lumber Co. Portland do Hallowell and Augusta Kenebeck Bank do Kennebunk Bank do Lafavette Bank, Bangor charter surrrendered 3 4 3 a 4 Mercantile Bank, Bangor Oldtown Bank worthless Fraud do Oxford Bank, Fryburg do Passunaquoddy Bank charter surrendered do People's Bank Stillwater Canal, at Orono do In hands of receivers Saco Bank redeemed by Trustees at Saco 25 a St. Croix, Calise harter surrendered Washington county, Calis charter surrendered worthless Waterville Bank redeemed (closed) 2n 3 Westbrook Bank, Westbrook Wiscasset Bank worthless NEW HAMPSHIRE. 2 a 3 Concord Bank worthless Hillaborough Bank New Hampshire, Portsmouth, charter redeemed expired worthless Woolfborugh Bank VERMONT. Fraud Agricultural Bank, Troy no such Bank authorised a Bennington Bank, Bennington fraud Comercial Bank of Vermont no such Bank authorised worthless Essex, Guildhall do fraud Green Mountain Bank do Jefferson, County Bank fraud 11a) 12 St. Albans Bank MASSACHUSETTS. redeemed Amherst Bank, charter surrendered worthless Berkshire Bank 80 @ 90 Chelsen Bank, Chelsea 75.80 Commonwealth Bank, Boston East Bridgwater Bank redeemed charter surrendered worthless Essex Bank. Salem do Farmers' and Mechanics', S. Adams do Farmers' Bank, Belchertown do Franklin Bank. Boston do Fulton, or Wimnisimmet Bank, Boston do Hampshire Bank, Northampton do Lafayette Bank, Boston closed redeemed Mendon Bank 2 a Middlesex Bank. Cambridge, redeemed 15 a Middling Interest Bank, Boston 80 90 Nahant Bank, Lynn 67 a 70 Neburyport Bank redeemed Norfolk Bank, Roxbury worthless Phonexix Bank, Nantucket do Roxbury Bank charter annulled do Sutton Bank Winthrop Bank, gone inteliquidation redeemed RHODE ISLAND. worthless Burrillville Bank do fraud Engle Bank, Newport do Farmers' Bank 75 a 80 Farmers' and Mechanics' Bank worthless Franklin Bank, Providence fraud redeemed closed Mount Hope Bank 5 a7 Pascoag Bank CONNECTICUT. worthless Bridgeport Manufacturing Co. fraud do Derby Bank, do Eagle Bank 25 a 30 Housatonic Railroad Co. NEW YORK. 1-8 a 1.4 New York City lall-4 Old Safety Fund, good Banks a 2 New do do Red Back. uncertain 55afo United States Bank Bills, old and new 10 a 12 1-2 Novia Scotia Bill* 7 9 New Brunswick Bills 6 M Upper Canada 4 5 Lower de