In the aftermath of the national Panic of 1837, loan defaults rose dramatically, and the two banks and their branches were closed between 1842 and 1844.
Ekuweni kwePanic yomphakathi yango-1837, okwenzekile kusengaphambili kukhuphuke kakhulu, futhi amabhange womabili namagatsha awo avalwa ndawana thize phakathi kuka-1842 no-1844.