Shelbyville Savings Bank (Shelbyville, TN)

Episode Information

Episode Type
Suspension → Closure
Start Date
October 1, 1857
Location
Shelbyville, Tennessee (35.483, -86.460)
Bank Type
savings

Metadata

Episode ID
Bank ID
City ID
471269993
Model
gpt-5-mini
Short Digest

Notes

Articles refer to the local 'Shelbyville' bank suspending but do not use the full chartered name.

Events (2)
1. October 1, 1857 Suspension
Cause
Macro News
Cause Details
Grouped suspension of multiple Tennessee banks during the financial disturbances of fall 1857 (widespread panic).
Newspaper Excerpt
the Exchange, Shelbyville, Lawrenceburgh an 1 Trenton Banks of Tennessee have suspended.
Source
newspapers
2. June 6, 1858 Other
Newspaper Excerpt
will pay the highest market price for the Notes of the W following Banks... Lawrenceburg, Shelbyville, ... We will also buy the Notes of all suspended Free Banks, not mentioned in the above list, at the highest market price.
Source
newspapers

Newspaper Articles (2)
1. October 2, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 2, 1857

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Article Text

Failed

LOUISVILLE. Oct 1-P M A dispatch to the Balletin says the Exchange. Shelbyville, Lawrenceburgh an 1 Trenton Banks of Tennessee have suspended. The run on Hunt & Co., of this city. ceased before the close of business hours. They are considered strong.

2. June 6, 1858 Nashville Union and American Nashville, TN
Article from Nashville Union and American, June 6, 1858

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Article Text

UNCURRENT BANK NOTES WANTED

will pay the highest market price for the Notes of the W following Banks, if delivered immediately: Lawrenceburg, Shelbyville, Ocoee, Dandridge, and Knoxville, the above notes we want particularly. We will also buy the Notes of all suspended Free Banks, not mentioned in the above list, at the highest market price. dec5-tf A. WHEELES & CO.