8771. City Bank (Portland, ME)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 14, 1842
Location
Portland, Maine (43.661, -70.255)

Metadata

Model
gpt-5-mini
Short Digest
4b39b158

Response Measures

None

Description

Multiple newspaper listings (Oct 1842–Feb 1843) repeatedly state 'City Bank, Portland charter surrendered', indicating the bank surrendered its charter and closed. No articles mention depositor runs or reopening; this is a suspension/closure by charter surrender (voluntary).

Events (1)
1. October 14, 1842 Suspension
Cause
Voluntary Liquidation
Cause Details
Newspaper reports list the bank as 'charter surrendered', indicating voluntary surrender of charter leading to suspension/closure.
Newspaper Excerpt
City Bank, Portland charter surrendered
Source
newspapers

Newspaper Articles (5)
1. October 14, 1842 The Spirit of the Age Woodstock, VT
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.

2. January 6, 1843 The Spirit of the Age Woodstock, VT
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

3. January 13, 1843 The Spirit of the Age Woodstock, VT
Article from The Spirit of the Age, January 13, 1843

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Article Text

MAINE. r Agricultural Bank, Brewer I in hands of receivers 80 a 90 Ct. dis $ Bangor Commercial Bank, Bangor charter surrendered 3 4 1 Bath Bank worthless charter expired Citizen's Bank, Augusta, (new plate) e charter anulled do . Calis Bank 7a8 10 a 15 City Bank, Portland charter surrendered Damariscotta Bank do worthless f do Frankfort Bank, Frankfort do . do do Globe Bank, Bangor . do Georgia Lumber Co. Portland do Hallowell and Augusta do Kenebeck Bank do Kennebunk Bank Lafayette Bank, Bangor 3 4 charter surrrendered , 3 4 Mercantile Bank, Bangor : Oldtown Bank worthless Fraud do Oxford Bank, Fryburg do Passamaquoddy Bank e do People's Bank charter surrendered : 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 worthless charter surrendered redeemed Waterville Bank (closed) 2 3 Westbrook Bank, Westbrook worthless Wiscasset Bank NEW HAMPSHIRE. 2a 3 Concord Bank worthless Hillsborough 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 a 90 Chelsen Bank, Chelsea 75D80 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 a 90 Nahant Bank, Lynn 67 a 70 Neburyport Bank redeemed Norfolk Bank, Roxbury worthless Phenix Bank, Nantucket do Roxbury Bank charter annuiled do Sutton Bank redeemed Winthrop Bank, gone intoliquidation 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 redeemed closed Mount Hope Bank 5 7 Pascong Bank CONNECTICUT. worthless Bridgeport Manufacturing Co. fraud do Derby Bank, do Eagle Bank 25 a 30 Housatonic Railroad Co. NEW YORK. 1-Sa1-4 New York City 1a11-4 Old Safety Fund, good Banks do a 2 do New Red Back. uncertain 55 a 60 United States Bank Bills, old and new 10 a 12 1-2 Novia Scotia Bills 7 9 New Brunswick Bills 6 Upper Canada 4 5 Lower do .

4. February 3, 1843 The Spirit of the Age Woodstock, VT
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

5. February 17, 1843 The Spirit of the Age Woodstock, VT
Article from The Spirit of the Age, February 17, 1843

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Article Text

MAINE. Agricultural Bank, Brewer in hands of receivers 80 a 90 ct dis. Bangor Commer ial Bank, Bangor 3 a 4 charter surrendered Bath Bank orthless charter expired Citizen's Bank,Augusta. (new plate) do charter anulted 7a8 Calis Bank 1 10 a 15 City Bank, Portland charter surrendered do Damariscotta Bank worthless do Frankfort Bank, Frankfort do do do Globe Bank, Bangor do Georgia Lumber Co. Portland do Hallowell and Augusta do Kenebeck Bank do Kennebank Bank Lafayette Bank, Bangor 3 4 charter surrrendered 3 a 4 Mercantile Bank, Bangor Oldtown Bank worthless do Fraud Oxford Bank, Fryburg do Passumaquodily Bank do People's Bank charter surrendered Stillwater Canal, at Orono do In hands of receivers Saco Bank redeemed by Trustees at Saco 25 a St. Crois, Calise harter surrendered Washington county, Calls worthless charter surrendered Baterville Bank redeemed (closed) 2 as Westbrook Bank, Westbrook worthless Wiscasset Bank NEW HAMPSHIRE. 2 a 3 Concord Bank worthless Hill-borough 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 a 90 Chelsen Bank, Chelsea 75 90 Commonwealth Bank, Boston East Bridgwater Bank redeemed charter surrendered worthless Essex Bank, Sidem do Farmers' and Mechanics', S. Adams do Farmers' Bank, Belchertown do FrankJin Bank. Boston do I Falton, or Wimnisimmet Bank, Boston do ) HampShire Bank, Northumpton do Lafavette Bank, Boston i closed Mendon Bank redeemed 2 a Middlesex Bank. Cambridge. redeemed 15 a Middling Interest Bank, Boston 80 a 90 I Nahant Bank. Lynn 67 a 70 1 Neburyport Bank redeemed Norfolk Bank. Roxbury worthless Phoenix Bank, Nantucket do Roxbury Bank charter annulled do Sutton Bank i Winthrop Bank, gone into liquidation 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 5 7 Pascoag Bank ) CONNECTICUT. Bridgeport Manufacturing Co. fraud worthless do Derby Bank, do Eagle Bank 25 a 30 Housatonic Railroad Co. : NEW YORK. , 1-8 a l 4 New York City 1 a l 1 I OM Safety Fund, good Banks a 2 do do New Red Back.uneertain 55a00 United States Bank Bills, old and new 10 a 12 1-2 Novia Scotia Bills 7 9 ) New Brunswick Bills 6 it Upper Canada 4 5 Lower do