Figures show that there were more than five thousand bank failures in the United States between December 1856 and December 1857
"The annual statement of the New York Commercial Agency shows that from Dec. 26, 1856 to Dec. 25, 1857, there occurred in the United States 5,123 failures, involving liabilities to the amount of $291,750,000."
Source Citation
The American Almanac and Repository of Useful Knowledge for the Year 1859 (Boston: Crosby, Nichols, and Company, 1859), 366.