Merchants & Farmers Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 8, 1935
Location: Lexington, Mississippi (33.113, -90.053)

Metadata

Model: gpt-5-mini
Short Digest: 9bd04c99

Response Measures

None

Description

Articles are trustee's sale notices (1938) referencing that Merchants & Farmers Bank & Trust Company was in liquidation and a receiver (G. H. McMorrough) had conveyed property on June 8, 1935. No run or temporary suspension is described; the bank was in liquidation/receivership and therefore permanently closed.

Events (2)

1. June 8, 1935 Receivership

Newspaper Excerpt: conveyed by the Merchants & Farmers Bank & Trust Company, in liquidation, by G. H. McMorrough, Receiver, to Mrs. Lydia E. Rhyne, of date of June 8th, 1935, and recorded in Deed Book 49, at page 125 records of Holmes County, Mississippi,
Source: newspapers

2. June 23, 1938 Other

Newspaper Excerpt: I, S. R. King, substituted Trustee ... I will on Friday, the 5th day of July, 1938, within legal hours, offer for sale and will sell at public auction ... Begin at the Northwest corner of that certain lot and parcel of land conveyed by the Merchants & Farmers Bank & Trust Company, in liquidation, by G. H. McMorrough, Receiver, to Mrs. Lydia E. Rhyne, of date of June 8th, 1935
Source: newspapers

Newspaper Articles (3)

1. June 23, 1938 The Durant News Durant, MS

Article from The Durant News, June 23, 1938

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Article Text

TRUSTEE'S NOTICE OF SALE I, S. R. King, substituted Trustee, under provisions of and by virtue of the authority conferred upon me in that certain deed of trust, executed by Claud Marshall and Mrs. Elsie Marshall, to F. C. Worrell on the 29th day of January, 1938, and which deed of trust is of record in Trust Deed Book 73, at page 282, of the Land Deed records of Holmes County, Mississippi, in the office of the Chancery Clerk thereof; and I having been appointed as Substituted Trustee, which appointment has been duly executed and recorded, in the aforesaid Trust Deed Book No. 73, at page 282, before the first publication of this notice, or the posting of this notice of sale, and default having been made in the payment of said ndebtedness so secured by this deed of trust, and I having been requested by the owner and holder of said Indebtedness, and believing the proprty endangered as security for said ndebtedness, I will on Friday, the 5th day of July, 1938, within legal hours, offer for sale and will sell at public auction for cash to the highest and best bidder, at the South front door of the Holmes county, Mississippi, court house, at Lexingn, Mississippi, the following decribed real estate in Holmes County. fississippi, to-wit: Begin at the Northwest corner of that certain lot and parcel of land conveyed by the Merchants & Farmers Bank & Trust Company, in liquidation, by G. H. McMorrough, Receiver, to Mrs. Lydia E. Rhyne, of date of June 8th, 1935, and recorded in Deed Book 49, at page 125 records of Holmes County, Mississippi, and run North along the East side of Yazoo Street 90 feet, thence East 128 feet parallel with the North line of Mrs. Lydia E. Rhyne's Lot, thence South 90 feet to the North line of Mrs. Lydia E. Rhyne's Lot, thence West along said North Line of Mrs. Lydia E. Rhyne's lot to YaZOO Street and point of beginning to close. Title is believed to be good but I will convey only such title as is vested in me as such trustee. This 23rd day of June, 1938. S. R. King, 16-7-8-9 Substituted Trustee

2. June 30, 1938 The Durant News Durant, MS

Article from The Durant News, June 30, 1938

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Article Text

est and best bidder, at the South front door of the Holmes county, Mississippi, court house, at Lexingon, Mississippi, the following described real estate in Holmes County, Mississippi, to-wit: Begin at the Northwest corner of that certain lot and parcel of land conveyed by the Merchants & Farmers Bank & Trust Company, in liquidation. by G. H. McMorrough, Receiver, to Mrs. Lydia E. Rhyne, of date of June 8th, 1935, and recorded in Deed Book 49, at page 125 records of Holmes County, Mississippi, and run North

3. July 14, 1938 The Durant News Durant, MS

Article from The Durant News, July 14, 1938

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Article Text

TRUSTEE'S NOTICE OF SALE I, S. R. King, substituted Trustee, under provisions of and by virtue of the authority conferred upon me in that certain deed of trust, executed by Claud Marshall and Mrs. Elsie Marshall, to F. C. Worrell on the 29th day of January, 1938, and which leed of trust is of record in Trust Deed Book 73, at page 282, of the Land Deed records of Holmes County, Mississippi, in the office of the Chancery Clerk thereof; and I having been appointed as Substituted Trustee, which appointment has been duly executed and recorded, in the aforesaid Trust Deed Book No. 73, at page 282, before the first publication of his notice, or the posting of this notice of sale, and default having een made in the payment of said ndebtedness so secured by this deed f trust, and I having been requestd by the owner and holder of said ndebtedness, and believing the propity endangered as security for said debtedness, I will on Friday, the 5th day of July, 1938, within lega: ours, offer for sale and will sell at ublic auction for cash to the highst and best bidder, at the South ront door of the Holmes county, lississippi, court house, at LexingMississippi, the following deibed real estate in Holmes County ississippi, to-wit: Begin at the Northwest corner of that certain lot and parcel of land conveyed by the Merchants & Farmers Bank & Trust Company, in liquidation, by G. H. McMorrough, Receiver, to Mrs. Lydia E. Rhyne, of date of June 8th, 1935, and recorded in Deed Book 49, at page 125 records of Holmes County, Mississippi, and run North along the East side of Yazoo Street 90 feet, thence East 128 feet parallel with the North line of Mrs. Lydia E. Rhyne's Lot, thence South 90 feet to the North line of Mrs. Lydia E. Rhyne's Lot, thence West along said North Line of Mrs. Lydia E. Rhyne's lot to Yazoo Street and point of beginning to close. Title is believed to be good but 1 will convey only such title as is vested in me as such trustee. This 23rd day of June, 1938. S. R. King, 46-7-8-9 Substituted Trustee