How did Andrew Jackson handle the banking crisis upon his election to the presidency?

Upon his election to the presidency, Andrew Jackson took a firm stance against the Second Bank of the United States, which he viewed as a symbol of elite privilege and corruption. He believed that the bank wielded too much power over the economy and the common people. In 1833, he withdrew federal deposits from the bank and placed them in smaller state banks, effectively dismantling its influence. This move contributed to a banking crisis and the subsequent economic downturn known as the Panic of 1837.