11117. Merchants & Farmers Bank (Oxford, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 12, 1922
Location
Oxford, Mississippi (34.362, -89.528)

Metadata

Model
gpt-5-mini
Short Digest
4a0cd168

Response Measures

None

Description

Newspaper notices (July 13 and July 20, 1922) appoint W. M. Woodward as special receiver and master to adjudicate claims against the Merchants & Farmers Bank following a chancery/supreme court decree. No article describes a depositor run; the bank is in receivership and appears closed. Cause of suspension is court action/receiver appointment following litigation.

Events (2)

1. July 12, 1922 Receivership
Newspaper Excerpt
W. M. WOODWARD, Special Receiver and Master. Notice is hereby given to the depositors, creditors and stockholders ... that W. M. Woodward, special receiver and Master shall proceed to find and ascertain the true amount due each of the appellees and all other creditors ... The Master herein named shall report the names of all complainants who were stockholders in the Merchants & Farmers Bank on the date of its suspension of business ...
Source
newspapers
2. July 12, 1922 Suspension
Cause
Government Action
Cause Details
Court decree in case R. C. Carter et al. v. Duke M. Kimbrough et al.; special receiver appointed to settle claims after suspension of business.
Newspaper Excerpt
Now, therefore, I, the said W. M. Woodward, Special Receiver and Master in accordance with said decree do hereby notify all creditors of the Merchants and Farmers Bank...
Source
newspapers

Newspaper Articles (3)

Article from Oxford Eagle, July 13, 1922

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Article Text

Master, and he shall find the full sum and the names of the parties to whom shall be payable for the necessary advancement of funds in the prosecution of this suit." Now, therefore, I, the said W. M. Woodward, Special Receiver and Master in accordance with said decree do hereby notify all creditors of the Merchants and Farmers Bank, the complainants in the original bill and amendments thereto included, and the complainants of any of them who have advanced any sums necessary to the prosecution of this suit in the Supreme Court and in the chancery court for stenographers' fees and the like, to present their claim to me at my office in the court house at Oxford, Miss., for adjudication, on or before the 22nd day of July, A. D., 1922. This the 12th day of July, A. D., 1922. W. M. WOODWARD, Special Reeciver and Master. (E. July 13-1t.)


Article from Oxford Eagle, July 13, 1922

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Article Text

NOTICE TO DEPOSITORS, CREDITORS AND STOCK HOLDERS OF THE MERCHANTS AND FARMERS BANK OF OXFORD, MISSISSIPPI. Notice is hereby given to the depositors, creditors and stockholders of the Merchants & Farmers Bank of Oxford, Mississippi, that the Supreme Court did render a decree in the case of R. C. Carter, et al. vs. Duke M. Kimbrough, et al., number 4775 in the chancery court of Lafayette county, Mississippi, and 22,029 in the Supreme Court of Mississippi, which reads in part as follows: "It is further ordered, adjudged and decreed that W. M. Woodward, special receiver and Master shall proceed to find and ascertain the true amount due each of the appellees and all other creditors in similar situation. The question of whether or not any other creditors than the complainants in the original bill and amendments thereto are entitled to share in the distribution of this fund is especially referred to the court below for decision, and each creditor is given the opportunity to present his claim to the Master above named in order that any issue which may arise between appellees and other creditors may be finally adjudicated herein. The said Woodward, Master is hereby directed and empowered to give notice for one week in a newspaper having circulation and being published in Lafayette county requiring all creditors of the Merchants and Farmers Bank to present their claims for adjudication. The said Master is further directed to make report of said claims to the court below and his report shall contain his findings as follows: First-The name and address of each of the complainants named in the original bill and the amendments thereto and the amount found to be due each from the Merchants& Farmèrs Bank as general creditors of said bank. Second-The name, address and amount due each of the general creditors of the said Merchants & Farmers Bank who are not named in the óriginal bill and amendments thereto but who asserted or petitioned a right to share in the distribution of said funds above ordered to be paid by Apellants into the court below. Third-The Master herein named shall report the names of all complainants who were stockholders in the Merchants & Farmers Bank on the date of its suspension of business, and the amount of stock held by each of said complainants on said date. Fourth-The Master shall report the names of stock holders not named as complainants in the original bill and amendments thereto who asserted somé claim or interest in the sum above ordered paid." It is further ordered, adjudged and decreed "that any sums advanced by the complainants or any of them necesasry to the prosecution of this suit in this court and the court below for stenographers' fees and the like shall file claim for same with the


Article from Oxford Eagle, July 20, 1922

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Article Text

TORS AND STOCK HOLDERS OF THE MERCHANTS AND FARMERS BANK OF OXFORD, MISSISSIPPI. Notice is hereby given to the depositors, creditors and stockholders of the Merchants & Farmers Bank of Oxford, Mississippi, that the Supreme Court did render a decree in the case of R. C. Carter, et al. vs. Duke M. Kimbrough, et al., number 4775 in the chancery court of Lafayette county, Mississippi, and 22,029 in the Supreme Court of Mississippi, which reads in part as follows: "It is further ordered, adjudged and' decreed that W. M. Woodward, special receiver and Master shall proceed to find and ascertain the true amount due each of the appellees and all other creditors in similar situation. The question of whether or not any other creditors than the complainants in the original bill and amendments thereto are entitled to share in the distribution of this fund is especially referred to the court below for decision, and each creditor is given the opportunity to present his claim to the Master above named in order that any issue which may arise between appellees and other creditors may be finally adjudicated herein. The said Woodward, Master is hereby directed and empowered to give notice for one week in a newspaper having circulation and being published in Lafayette county requiring all creditors of the Merchants and Farmers Bank to present their claims for adjudication. The said Master is further directed to make report of said claims to the court below and his report shall contain his findings as follows: First-The name and address of each of the complainants named in the original bill and the amendments thereto and the amount found to be due each from the Merchants& Farmers Bank as general creditors of said bank. Second-The name, address and amount due each of the general creditors of the said Merchants & Farmers Bank who are not named in the original bill and amendments thereto but who asserted or petitioned a right to share in the distribution of said funds above ordered to be paid by Apellants into the court below. Third-The Master herein named shall report the names of all complainants who were stockholders in the Merchants & Farmers Bank on the date of its suspension of business, and the amount of stock held by each of said complainants on said date. Fourth-The Master shall report the names of stock holders not named as complainants in the original bill and amendments thereto who asserted some claim or interest in the sum above ordered paid." It is further ordered, adjudged and decreed "that any sums advanced by the complainants or any of them necesasry to the prosecution of this suit in this court and the court below for stenographers' fees and the like shall file claim for same with the Master, and he shall find the full sumand the names of the parties to whom shall be payable for the necessary advancement of funds in the prosecution of this suit." Now, therefore, I, the said W. M. Woodward, Special Receiver and Master in accordance with said decree do hereby notify all creditors of the Merchants and Farmers Bank, the complainants in the original bill and amendments thereto included, and the complainants of any of them who have advanced any sums necessary to the prosecution of this suit in the Supreme Court and in the chancery