Merchants & Farmers Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 31, 1941
Location: Lexington, Mississippi (33.113, -90.053)

Metadata

Model: gpt-5-mini
Short Digest: bb9e8dac

Response Measures

None

Description

Notice (Apr 24, 1941) names the bank 'in Liquidation' and a receiver (G. H. McMorrough). Decree rendered March 31, 1941; indicates the bank was placed in receivership/liquidation and is permanently closed. No mention of a run in the article.

Events (1)

1. March 31, 1941 Receivership

Newspaper Excerpt: By direction of the Chancery Court in the above styled cause, in a decree rendered on March 31, 1941 ... G. H. McMORROUGH, Receiver, Merchants & Farmers Bank & Trust Co., In Liquidation.
Source: newspapers

Newspaper Articles (1)

1. April 24, 1941 The Lexington Advertiser Lexington, MS

Article from The Lexington Advertiser, April 24, 1941

Click image to open full size in new tab

Article Text

LEGALS RECEIVER'S SALE In Re: Merchants & Farmers Bank & Trust Co., In Liquidation. No. 5475. vs. Morris Lewis, et als. By direction of the Chancery Court in the above styled cause, in a decree rendered on March 31, 1941, and of record in Minute Book 17, page 151, I will sell to the highest and best bidder at the East Front Door of the Holmes County Court House in Lexington, Mississippi, April 28th, 1941, during legal hours the following personal decrees or judgments, towit: $42,400.00 Morris Lewis 705.00 J. S. Kealhofer 526.56 Mary Ella Skehan 106.00 Mrs. Irma Paris Each of said decrees or judgments bear interest at the rate of six per centum, per annum, from date thereof, January 14, 1937. Right reserved to reject any or all bids. Sale to be without recourse on the Receiver. Sales subject to the confirmation of the Chancery Court. This April 16th, 1941. G. H. McMORROUGH, Receiver, Merchants & Farmers Bank & 51-3t Trust Co., In Liquidation.