Commercial Bank (Suffolk, VA)

Episode Information

Episode UID
6095262091028
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
609526209 hash
Start Date
August 1, 1885
Location
Suffolk, Virginia (36.728, -76.584)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
66fe5ab4a310e3b3

Response Measures

None

Description

Newspapers report assignment (transfer to assignee) following suspension, implying permanent closure/receivership.

Events (3)

1. August 1, 1885 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Embarrassed by excessive loans to the Suffolk Cotton Mill and by losses from a recent fire; already weakened by earlier bank troubles.
Newspaper Excerpt
The Commercial bank of Suffolk suspended to-day. It is stated that the bank has been embarrassed since the bank troubles here in April, and was also embarrassed by excessive loans to the Suffolk cotton mill, and by losses from the recent fire in Suffolk.
Source
newspapers
2. August 2, 1885 Other
Newspaper Excerpt
It is thought in Suffolk that the depositors will be paid in full. All assignment will probably be made to-morrow.
Source
newspapers
3. August 2, 1885 Receivership
Newspaper Excerpt
All assignment will probably be made to-morrow.
Source
newspapers

Newspaper Articles (10)

Article from Savannah Morning News, August 2, 1885

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Article Text

SUSPENSION OF A BANK. Embarrassment of Other Enterprises Causes the Crash. NORFOLK, VA., Aug. 1.-The Commercial bank of Suffolk suspended to-day. It 18 stated that the bank has been embarrassed since the bank troubles here in April, and was also embarrassed by excessive loans to the Suffolk cotton mill, and by losses from the recent fire in Suffolk. The deposits in the bank are said to amount to about $100,000.


Article from The Democratic Leader, August 2, 1885

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Article Text

A Busted Bank. NORFOLK, Va., Aug. 1.-The Commercial bank of Suffolk, suspended to-day. It is stated that the bank was embarrassed by excessive loans to the Suffolk cotton mills and by losses from the recent fire in Suffolk. The deposits are about $100,000.


Article from St. Paul Daily Globe, August 2, 1885

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Article Text

Bank Failure. NORFOLK, Va., Aug. 1.-The Commercial Bank of Suffolk suspended toIt is stated that the day. bank was embarrassed by excessive loans to the Suffolk cotton mill and from losses from the recent fire in Suffolk. The deposits are about $100,000.


Article from The Indianapolis Journal, August 2, 1885

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Article Text

Failure of a Virginia Bank. NORFOLK, Va. Aug. 1.-The Commercial Bank of Suffolk suspended to-day. It is stated the bank was embarrassed by excessive loans to the Suffolk cotton mill, and by losses from the recent fire in Suffolk. The deposits are about $100,000.


Article from The Salt Lake Herald, August 2, 1885

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Article Text

Suspended. NORFOLK, Va., August 1.-The com mercial Bank of Suffolk suspended to day. It is stated that the bank was embarrassed bv excessive loans to the Suffolk Cotton Mill, and by losses from fire in Suffolk. The deposits are about $100,000. TGG


Article from Seattle Daily Post-Intelligencer, August 2, 1885

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Article Text

They Didn't Race. CHICAGO, Aug. 1. - At Chittenham Beach tonight W. S. Smith and A. L. Talbot ascended in two balloons for 8 race in mid air. When a height of 1200 feet had been reached the mashines collapsed. Talbot eame down with his wreek comparatively uninjured, but Smith fell the whole disliance, striking some telegraph wires before reaching the earth. He still lives, but will die. Bank Suspension. NORFOLK, Va., Aug. 1.-The Commercial Bank of Suffolk suspended today. It is stated that the bank was embar rassed by excessive loans to the Suffolk Cetton Mill, and by losses from the recent fire in Suffolk. The deposits are about $100,000.


Article from Richmond Dispatch, August 2, 1885

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Article Text

BaukAuspension at Suffolk. (By telegraph to the Dispatch.) NORFOLK, va., August 1.-The Commercial Bank of Suffolk suspended to-day. It is stated that the bank has been embarrassed since the bank troubles here in April, and was also embarrassed by excessive loans to the Suffolk Cotton-Mill and by losses from the recent fire in Suffolk. The deposits in the bank are said to amount to about $100,000.


Article from The Sun, August 2, 1885

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Article Text

Suspension of a Bank. NORFOLK. Aug. 1.-The Commercial Bank at Suffolk, Va., suspended to-day. The bank was embarrassed by excessive loans to the Suffolk Cotton Mill and by losses from the recent fire in Suffolk. The deposits are said to amount to about $100,000.


Article from Savannah Morning News, August 3, 1885

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Article Text

Norfolk's Broken Bank. NORFOLK. VA., Aug. 2.-The suspension yesterday of the Commercial Bank of Suffolk created no excitement here. It is thought in Suffolk that the depositors will be paid in full. All assignment will probably be made to-morrow.


Article from Fort Worth Daily Gazette, August 3, 1885

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Article Text

A Virginia Bank Suspends, NORFOLK, VA., Aug. 2.-The Commercial bank of Suffolk has suspended. It is stated that the bank was embarrassed by excessive loans to the Suffolk cotton mill and by losses from the recent tire in Suffolk. The deposits are about $100,000.