Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 11, 1925
Location: Fayette, Missouri (39.146, -92.684)

Metadata

Model: gpt-5-mini
Short Digest: 48144a9e

Response Measures

None

Description

Directors closed the bank and placed it in the hands of the State Finance Department/Commission on June 11, 1925, citing fear of heavy withdrawals after the suicide of the bank president. Articles describe closure and placement with the state commission; no reopening or resumption is reported in the provided items.

Events (1)

1. June 11, 1925 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors closed the bank and turned it over to the State Finance Department because they feared heavy withdrawals following the suicide of the bank's president, creating uncertainty about the bank's condition.
Newspaper Excerpt: The Farmers and Merchants Bank of Fayette, Mo., was placed in the hands of the state finance department ... did not open its doors for business today. Action ... because a run on the bank was feared following the suicide of H. K. Givens, president.
Source: newspapers

Newspaper Articles (4)

1. June 11, 1925 Springfield Leader and Press Springfield, MO

Article from Springfield Leader and Press, June 11, 1925

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Article Text

FAYETTE BANK PUT IN HANDS OF STATE FINANCE DEPARTMENT Directors Feared Heavy Withdrawals After President Ended His Life. COLUMBIA. Mo., June 11-The Farmers and Merchants bank at Fayette, Mo., was placed in the hands of the state finance depart. ment at a meeting of the board of directors of the institution Into yesterday. and did not open Its doors for business today, accordreceived here. The action taker, according to the because run the bank was feared following the suicide of Dr. Givens, prosident of the bank and felt that, in view the large loans which It has out.

2. June 11, 1925 The Daily News and Intelligencer Mexico, MO

Article from The Daily News and Intelligencer, June 11, 1925

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Article Text

FAYETTE BANK CLOSED TODAY BY DIRECTORS Fear of Heavy Withdrawals Following Suicide of President Caused Action to Be Taken. By The Associated Press JEFFERSON CITY, Mo., June 11. The Farmers and Merchants Bank of Fayette with total resources of was closed today by order of the board of directors and placed in the hands of the state finance commission. Dr. H. K. Givens, president of the bank, yesterday committed suicide. COLUMBIA, Mo., June 11.-The Farmers and Merchants Bank of Fayette was closed according to the directors because a run on the bank was feared following the suicide of Dr. H. K. Givens, president of the institution at Fayette yesterday. The directors it is said were uncertain regarding the condition of the bank and felt that in view of large outstanding loans it was not in a condition to weather a heavy withdrawal of deposits such as might have followed the suicide of its head.

3. June 11, 1925 Poplar Bluff Republican Poplar Bluff, MO

Article from Poplar Bluff Republican, June 11, 1925

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Article Text

The Columbia. Mo., June Farmers and Merchants Bank Fayette, Mo., was placed in the hands of the State Finance Department meetIng of the board of directors of the institution yesterday, and did not open for business today. Action was taken, according to the directors, because of the run on that bank feared following the suicide of H. K. Givens. president, at Fayette Mr. Givens committed yesterday. suicide yesterday by ing himself

4. June 18, 1925 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, June 18, 1925

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Article Text

CLOSED THURSDAY Closing by State Finance Commission Follows Suicide of The President Wednesday. Associated Press JEFFERSON CITY June Farmers and Merchants Bank of resources of $572,000 closed today by order of the board of directors and placed in the hands of the State Commission. was announced finDr. president the bank. yesterday mitted June Farmers and Merchants Bank of Fayette. Mo., closed. according the directbecause on the bank feared. following the suicide Dr. H. Givens. president of the institution. at Fayette yesterday. The directors. said. uncertain regarding the condition of the bank and that in view of the large loans which has outstanding that was not condition to weather general withdrawal of deposits such might have followed the suicide of head June Bank Examiners work today the books of the Farmers and Merchants Bank here. remained closed yesterday and today because of the suicide of Dr. The examiners to make ment bank officials institution been placed the hands of the finance commisand reassure the public.