8640. Lafayette Bank (Bangor, ME)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 30, 1842
Location
Bangor, Maine (44.801, -68.778)

Metadata

Model
gpt-5-mini
Short Digest
6cc46ab5

Response Measures

None

Description

Both articles (1842-09-30 and 1843-02-03) list 'Lafayette Bank, Bangor charter surrendered'. OCR showed 'Lafavette' in one line; corrected to Lafayette. No mention of depositor runs or reopening; charter surrender indicates permanent closure/voluntary surrender.

Events (1)

1. September 30, 1842 Suspension
Cause
Voluntary Liquidation
Cause Details
Charter surrendered by the bank (listed as 'charter surrendered' in the newspapers).
Newspaper Excerpt
Lafavette Bank, Bangor charter surrrendered
Source
newspapers

Newspaper Articles (2)

Article from The Spirit of the Age, September 30, 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 a 4 Bath Bank redeemed charter expired Castine Bank worthless Citizen's Bank, Augusta. (new plate) charter anulled do Calis Bank 10 a 10 a City Bank. Portland charter surrendered do Damariscotta Bank worthless Frankfort Bank, Frankfort do do do Globe Bank, Bangor do do Georgia Lumber Co. Portland do Hallowell and Augusta Kenebeck Bank do Kennebunk Bank do Lafavette Bank, Bangor charter surrrendered 3 a 3 4 Mercantile Bank, Bangor Oldtown Bank worthless Fraud Oxford Bank. Fryburg do do Passamaquoddy Bank charter surrendered do People's Bank Stillwater Canal, A1 Orono In hands of receivers do Saco Bank redeemed by Trustees at Saco St. Croix, Calis 15 (1 Washington county, Calis worthless charter surrendered Waterville Bank redeemed (closed) 2a Westbrook Bank, Westbrook Wiscasset Bank worthless NEW HAMPSHIRE. Concord Bank 2 a worthless Hillsborough Bank New Hampshire, Portsmouth, charter redeemed expired worthless Woolfborgin Bank VERMONT. Agricultural Bank, Troy Frued no such Bank authorised a 80 Bennington Bank. Bennington fraud Comercial Bank of Vermont no such Bank authorised worthless Essex, Guildhall fraud do Green Mountain Bank fraud do Jefferson, County Bank 2a 3 St. Albans Bank MASSACHUSETTS. redeemed Amherst Bank. charter surrendered Berkshire Bank worthless 80 90 Chelsen Bank. Chelsen 75 80 Commonwealth Bank, Boston East Bridgwater Bank redeemed charter surrendered worthless Essex Bank, Salem do Farmers' and Mechanics', 8. Adams do Farmers' Bank, Helchertown Franklin Bank. Boston do do Fulton, or Wimnisimmet Bank. Boston do Hampshire Bank. Northampton do Lafayette Bank, Boston closed Mendon Bank do 2 a Middlexex Bank. Cambridge redeemed 15 20 Middling Interest Bank, Boston Nahant Bank. Lvnn a 90 75a Neburyport Bank redeemed Norfolk Bank, Roxbury worthless Phoenix Bank. Nantucket do Roxbury Bank charter annulled Sutton Bank do Wisthrop Bank, gone into liquidation redeemed RHODE ISLAND. Burrillville Bank worthless fraud do Eagle Bank. Newport do Farmers' Bank 75 80 Farmers' and Mechanics' Bank worthless Franklin Bank. Providence fraud closed redeemed Mount Hope Bank a 10 Puscoag Bank CONNECTICUT. worthless Bridgeport Manufacturing Co. fraud do Derby Bank, do Eagle Bank a 50 Housatonic Railroad Co. NEW YORK. 1-8a14 New York City Old Safety Fund, good Banks do a 2 New do Red Back. uncertain 65 United States Bank Bills, old and new 10 a 12 1-2 Novia Scotia Bills 7 9 New Brunswick Bills EXCHANGE. Drafts on New York par n 1-10 premium " 1.4 Albany Philadeiphia par 1-10 dis Baltimore par a 1-10 Norfolk 13.4 a 2 13.4 a 2 Bichmond 1 1.2a 2 Charlestown 2 a 3 Savannah 4 a 5 Augusta, Gs. nominal " 10 Mobile+ 6 a 7 New Orleans 16 a 17 Nashville a 20 St. Louis 4 a 5 Cinemanti


Article from The Spirit of the Age, February 3, 1843

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Article Text

MAINE. Agricultural Bank, Brewer in hands of receivers 80 a 90 CL. dis Bangor Commer ial Bank, Bangor charter surrendered 3a 4 Bath Bank worthless charter expired Citizen's Bank, Augusta, (new plate) charter anulted do Calis Bank 7a8 10 a 15 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 Kennebank Bank do Lafayette Bank, Bangor 3 4 charter surrrendered 3 a 4 Mercantile Bank, Bangor Oldtown Bank worthless do Fraud Oxford Bank, Fryburg do Passamaquodily Bank do People's Bank charter surrendered Stillwater Canal, at Orono In hands of receivers do Saco Bank redeemed by Trustees at Saco 25 a St. Croix, Calise harter surrendered Washington county, Calis charter surrendered worthless redeemed Waterville Bank (closed) 2 13 Westbrook Bank, Westbrook Hiscasset Bank worthless NEW HAMPSHIRE. Concord Bank 2n 3 worthless Hill-borough Bank New Hampshire, Portsmouth, charter redeemed expired worthlbas 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, Goldhall fraud Green Mountain Bank do do Jefferson. County Bank fraud St. Albans Bank 11 a 12 MASSACHUSETTS. redeemed Amherst Bank, charter surrendered Berkshire Bank worthless Chelsea Bank, Chelsea 80 90 Commonwealth Bank, Boston 75 80 East Bridgwater Bank charter surrendered redeemed Essex Bank, Salem worthless Farmers' and Mcclamies', S. Adains do Farmers' Bank, Betchertown do Franklin Bank. Boston do do Falton, or Wimmisimmet Bank, Boston do Humpshire Bank, Northampton do Lafayette Bank, Boston closed Mendon Bank redeemed Middlesex Bank. Cambridge redeemed 2 a 15 a Middling Interest Bank, Boston Nature Bank Lvnn 80 a 90 67 a 70 Neburyport Bank redeemed Nortolk Bank, Rosbury Phienix Bank, Nantucket worthless do Roxbury Bank charter annulled Mutter Bank Md Winthrop Bank, gone intelliguidation redeemed RHODE ISLAND. Burrillville Bank worthless fraud do Dagle Bank, Newport Partners' Bank do Parmers' and Mechanics' Bank 75 a 80 worthless Franklin Bank. Providence fraud closed redeemed Mount Hope Bank 5 7 Pascoug Bank CONNECTICUT. worthless Bridgeport Manufacturing Co. fraud do Derby Bank, do Eagle Bank Housatonic Railroad Co. 23 a 30 NEW YORK. New York City 1-8a1-4 1g 1 1-4 Old Safety Fund, good Banks do New do Red Back. uncertain a 2 55a60 United States Bank Bills, old and new Novem Scotia Bills 10, 12 1-3 New Breaswick Bills 7 9 6 it Upper Canada Lower de 4 5