Lancaster, Ohio Bank (Lancaster, OH)

Episode Information

Episode UID
4116313490508
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
411631349 hash
Start Date
April 1, 1842*
Location
Lancaster, Ohio (39.714, -82.599)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
76ecbc06dc5f5561

Response Measures

None

Description

Receivers appointed by Feb 3, 1847; multiple redemption notices follow into 1848.

Events (2)
1. April 1, 1842* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Listed among suspended/broken banks in April 1842, implying insolvency/distress (state indebtedness noted).
Newspaper Excerpt
Notes of the following banks are more or less current... They remain partially or entirely suspended, viz. Lancaster
Source
newspapers
2. February 3, 1847 Receivership
Newspaper Excerpt
Receivers of the LANCASTER OHIO BANK... H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. Lancaster, Ohio, Feb. 3, 1847.
Source
newspapers

Newspaper Articles (14)
1. February 28, 1842 New-York Tribune New York, NY
Article from New-York Tribune, February 28, 1842

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Article Text

The Lajayette Bank is authorized to receive its notes for any debts due it. A Receiver will be appointed on the second Tuesday in March. It is supposed that Mr. Robinson, the President, will be appointed, in which case there is reason to believe that the deposites and circulation will be paid off by the 1st June next. It is the opinion of those well informed on the subject, yet disinterested, that the stockholders will eventually receive about 33j per cent. Twenty-two of the Ohio Banks have resolved to resume on the 4th March next, as required by the act. The Commercial Bank of Scioto was one. The Franklin Bank of Columbus did not agree. Its bills are thrown out by the Cincinnati Banks. The charter of the Urbana Bank has been repealed. The Lancaster Bank is paying its notes, one-fourth in specie and three-fourths in certificates, currency or drafts. The following are the Banks which have resolved to resuine on the 4th of March The Franklin, Lafayette and Commercial Banks of Cincinnati; Banks of Dayton, Xenia, Scioto, Circleville, Marietta, Muskingum, Zanesville, Massillon, Sandusky, Wooster, St. Clairsville, Norwalk, Geauga, Western Reserve. New Lisbon, Mount Pleasant, Clinton of Columbus, and Farmers' and Mechanics' of Stenhensille

2. March 31, 1842 The Ohio Democrat New Philadelphia, OH
Article from The Ohio Democrat, March 31, 1842

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Article Text

SPECIE PAYING BANKS. Western Reserve Bank, Farmers and Mechanics Bank Steubenville, Columbiana Bank of New Lisbon, Bank of Mt. Pleasant, Belmont Bank of St. Clairsville, Bank of Marietta " Zanesville, " Muskingum, " Circleville (old) Ohio Life Ins. & Trust Co. Bank of Norwalk, Deyton Benk, Bank of Geauga, " Wooster, " Massillon, Sandusky, Xenia, Franklin Bank of Cincinnati, Lafayette. is " Commercial Commercial Bank of Scioto, Glinton Bank of Columbus, The Columbus Statesman, contains a 'Specie basis Bank Note Table," in which the value of the following suspended andbroken Bank notes, is thus rated: Franklin Bank of Columbus, 18 discount, 20 dis. Bank of Chillicothe, 25 dis: Lancaster Ohio Bank, 50 dis Bank of Hamilton, 50 dis Farmers Bank of Canton, 50 dis Con mercial Bank of Lake Erie, 60 dis Bank of Cleveland, 62 dis Bank of Granville, 75 dis Urbana Banking Co. INDIANA. 10 dis State Bank'& Branches, 50 dis State Scrip, 5s MICHIGAN. 10 dis Bank of St. Clair, Indorsed by Smithe 10 dis

3. April 15, 1842 Carroll Free Press Carrollton, OH
Article from Carroll Free Press, April 15, 1842

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Article Text

THE CURRENCY, Notes of the following Ohio banks are known to be good, viz. F. & M. Bank of Steubenville, Ohio Life & Trust, Franklin, Cincinnati, St. Clairsville, Massilon, Mt. Pleasant, New Lisbon, Norwalk, Dayton, W. Reserve, Zanesville, Muskingum, Circleville, H. Lawrance cashier, Geauga, Marietta, Clinton Bank of Columbus. The following banks have resumed specie payments, as well as those above named, and it is believed they will be able to continue redeeming their notes with specie, VIZ. Commercial & Lafayette banks, Cin cinnati, Xenia; Sandusky, Scioto, and Bank of Wooster. Notes of the following banks are more or less current, at from 75 10,874 on the dollar. They remain partially or entire. ,ly suspended, viz. Lancaster, Chilicothe, Franklin Bank of Columbus. Theseare Banks to which the State is largely indebted. The following are broken Banks, the paper of which passes in some of the stores for from 50 to 75 cents on the dol lar, viz. Hamilton, Cleveland, Urbana, Canton, Granville, Illinois (State Bank) also Indi. ana State scrip. Indiana State Bank, Kentucky notes, Virginia and Pennsylvania notes generally, are current at par, that is at currency car, but all 8 to 10 per cent, below.specie. The above statement will be corrected weekly.-Steub. Her, From the Morning Chronicle, April 9 Bank Note List. SPECIE STANDARD Corrected for the Morning Chronicle by SIBBETT & JONES, EXCHANGE BROKERS, South West corner of Wood and Fourth Streets, Pittsburgh, Pa.

4. April 21, 1842 The Ohio Democrat New Philadelphia, OH
Article from The Ohio Democrat, April 21, 1842

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Article Text

BROKEN & SUSPENDED BANKS. Farmers Bank of Canton, Franklin Bank of Columbus, Bank of Chillieothe, Com. Bank of Lake Erie, Bank of Cleveland, Lancaster Ohio Bank, Bank of Granville, Bank of Hamilton, Urbana Bank ing Co. The five banks to the left, are broken, and their notes worth. from 25 to 50 cents OII the dollar. The four to the right are suspended, and worth from 70 to 80 cents. The notes of the Indiana State Bank, and Bank of St. Clair, Michigan, endorsed by the Smiths, are still in circulation. But we advise the public to be on their guard Some hard things are being said about these wo banks

5. September 24, 1847 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, September 24, 1847

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Article Text

Notice. Receivers of the LANCASTER OHIO THE BANK having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Lancaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. 37 aucaster, Ohio, Feb. 3, 1847.

6. October 1, 1847 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, October 1, 1847

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Article Text

Notice. HE Receivers of the LANCASTER OHIO T BANK, having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Lancaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. 37 ancaster, Ohio, Feb. 3, 1847.

7. December 3, 1847 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, December 3, 1847

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Article Text

Notice. HE Receivers of the LANCASTER OHIO T BANK having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Laucaster, Ohio, us the same shall be presented at that place. H. H. HUNTER. JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. Laucaster. Ohto, Feb. 3, 1847. 37

8. January 7, 1848 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, January 7, 1848

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Article Text

Notice. HE Receivers of the LANCASTER OHIO T BANK having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kanffman, Main street, Lancaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. Laucaster. Ohio, Feb. 3, 1847. 37

9. February 18, 1848 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, February 18, 1848

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Article Text

Notice. Receivers of the LANCASTER OHIO THE BANK, having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Lancaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. 37 Lancaster. Ohio, Feb. 3, 1847.

10. February 25, 1848 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, February 25, 1848

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Article Text

Notice. THE Receivers of the LANCASTER OHIO BANK, having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Lancaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. 37 Laucaster. Ohio, Feb. 3, 1847.

11. March 10, 1848 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, March 10, 1848

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Article Text

Notice. HE Receivers of the LANCASTER OHIO T BANK, having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Lancaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. 37 Lancaster. Ohio, Feb. 3, 1847.

12. March 31, 1848 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, March 31, 1848

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Article Text

Notice. Receivers of the LANCASTER OHIO THE ANK, having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Lancaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. 37 Lancaster, Ohio, Feb. 3, 1847.

13. May 12, 1848 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, May 12, 1848

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Article Text

Notice. Receivers of the LANCASTER OHIO THE ANK, having contracted with JACOB GREENE, to redeem the Notes and Bills of said: Bank remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Lancaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. 37 Laucaster. Ohio. Feb. 3, 1847.

14. June 2, 1848 The Lancaster Gazette Lancaster, OH
Article from The Lancaster Gazette, June 2, 1848

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Article Text

Notice. THE Receivers of the LANCASTER OHIO BANK. having contracted with JACOB GREENE, to redeem the Notes and Bills of said Bauk remaining in circulation-the same will be redeemed by said GREENE, at the Drug Store of George Kauffman, Main street, Laucaster, Ohio, as the same shall be presented at that place. H. H. HUNTER, JOSEPH STUKEY, Receivers of Lancaster Ohio Bank. 37 Lancaster, Ohio, Feb.3, 1847,