Merchants & Farmers Bank - Louisville, MS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 11, 1915
Location: Louisville, Mississippi (33.124, -89.055)

Metadata

Model: gpt-5-mini
Short Digest: 6f536395

Response Measures

None

Description

Stockholders unanimously voted to suspend and liquidate the bank while solvent; depositors to be paid. No run is mentioned. Article dated 1915-04-16 reports suspension on April 11, 1915.

Events (1)

1. April 11, 1915 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders met and unanimously decided to liquidate the bank because it was not making money; suspension was voluntary while solvent.
Newspaper Excerpt: the Merchants & Farmers Bank had suspended business. By previous appointment, a majority of the stockholders met ... came to the conclusion and by unanimous agreement that it was the best plan to liquidate the business.
Source: newspapers

Newspaper Articles (1)

1. April 16, 1915 East Mississippi Times Starkville, MS

Article from East Mississippi Times, April 16, 1915

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Article Text

Bank Quits Business Louisville, Miss., April 11.The people of this city were con siderably surprised Thursday when it was learned that the Merchants & Farmers Bank had suspended business. By previous appointment. a majority of the stockholders met at the institution the night before, and after discussing the matter, came to the conclusion and by unanimous agreement that it was the best plan to liquidate the business. J. W. Cooke, pres. ident, and Mr. Boyles, a director, both of Maben, Oktibbeha Coun ty, were present. Mr. Harris, the cashier, stated that the reason for the suspension was that the bank was not making any money, and as a business proposition they had concluded to liquidate while the bank was in good and solvent condition. The depositors as well as the stockholders will receive their money.