Citizens Bank (New Orleans, LA)

Episode Information

Episode UID
4210989090951
Episode Type
Suspension โ†’ Reopening
Bank Type
state
Bank ID
421098909 hash
Start Date
March 19, 1879
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
31032c7b72a915d7

Response Measures

None

Events (2)

1. March 19, 1879 Suspension
Cause
Local Banks
Cause Details
Listed among many New Orleans banks that suspended payments on the same Wednesday.
Newspaper Excerpt
The following New Orleans banks suspended on Wednesday: ... Citizens bank, ...
Source
newspapers
2. March 25, 1879 Reopening
Newspaper Excerpt
RESUMPTION. ... the Clearing-House banks having opened wide their vaults, and paying over the counter ... Two of our leading banks, the Canal Bank and the Citizens' Bank, step up to the front and publish statements ... The Citizens' Bank shows a total amount subject to check of $778,426.77, to face which it has on hand $715,821.87 ...
Source
newspapers

Newspaper Articles (2)

Article from Daily Press and Dakotaian, March 22, 1879

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Article Text

The following New Orleans banks suspended on Wednesday: German National bank, Hibernia National, Louisiana National bank, Mutual National, New Orleans National, State National, Union National, Bank of Lafayette, Citizens bank, Louisiana Savings bank, Metropolitan bank, New Orleans and Banking Company's bank, Workingmen's bank.


Article from The New Orleans Daily Democrat, March 26, 1879

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Article Text

RESUMPTION. Yesterday, after the opening of business hours, our mercantile community found Itself running again in the accustomed gear, the Clearing-House banks having opened wide their vaults, and paying over the counter in the good old way all solid checks presented. Contrary to the anticipations of wiseacres, and that class of men who always see the gloomy side of coming events, everything in our financial circles passed off briskly and at the same time quietly. Confidence in our banks has evidently been restored, for not the least sign of a rush could be seen on any of these institutions, and no anxiety appeared to be felt about the safety of any. Two of our leading banks, the Canal Bank and the Citizens' Bank, step up to the front and publish statements this morning, which can be found in the proper column of the DEMOCRAT. Both show undeniable strength. The Canal Bank's expose shows an amount in gold, United States Treasury notes. etc., immediately disposible, of $2,911,688 14, against an amount of deposits of $3,257,748 77, with loans on demand and mortgage loans realizable immediately upon any emergency. The Citizens' Bank shows a total amount subject to check of $778,426 77, to face which it has on hand $715,821 87, leaving only a difference of $62,604 90, which can be made up within the space of half an hour by calling in some of the loans on call, $100,000 of which, 80 we are informed, could be immediately realized. This is a splendid showing for these two banks; in fact, it demonstrates that it is the next thing to an impossibility to break them.