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We demonstrate bistable attractor dynamics in a spiking neural network implemented with neuromorphic VLSI hardware. The on-chip network consists of three interacting populations (two excitatory, one inhibitory) of leaky integrate-and-fire (LIF) neurons. One excitatory population is distinguished by strong synaptic self-excitation, which sustains meta-stable states of “high” and “low”-firing activity. Depending on the overall excitability, transitions to the “high” state may be evoked by external stimulation, or may occur spontaneously due to random activity fluctuations. In the former case, the “high” state retains a “working memory” of a stimulus until well after its release. In the latter case, “high” states remain stable for seconds, three orders of magnitude longer than the largest time-scale implemented in the circuitry. Evoked and spontaneous transitions form a continuum and may exhibit a wide range of latencies, depending on the strength of external stimulation and of recurrent synaptic excitation. In addition, we investigated “corrupted” “high” states comprising neurons of both excitatory populations. Within a “basin of attraction,” the network dynamics “corrects” such states and re-establishes the prototypical “high” state. We conclude that, with effective theoretical guidance, full-fledged attractor dynamics can be realized with comparatively small populations of neuromorphic hardware neurons.