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#redirect [[Wildcat banking]] |
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The term '''Wildcat Bank''' refers to a particularly unsound and risky [[bank]] chartered under state law in the [[United States]]. They flourished after the national bank was decommissioned. Someone would start a bank in a small town, and when they acquired enough assets, they would up and leave town with the townsfolks' money. The debt, which hurt many people, eventually became a reason for the "Panic of 1857." |
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==See also== |
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*[[Bank of Florence]] |
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{{US-hist-stub}} |
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[[Category:Economic history of the United States]] |
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Latest revision as of 00:09, 16 June 2007
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