16410. Farmers & Merchants National Bank (Mount Morris, PA)

View Charter #6983 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6983
Charter Number
6983
Start Date
January 30, 1915
Location
Mount Morris, Pennsylvania (39.733, -80.068)

Metadata

Model
gpt-5-mini
Short Digest
d4affced392899d2

Response Measures

None

Receivership Details

Date receivership started
1915-02-04
Date receivership terminated
1911-07-30
OCC cause of failure
Run

Description

Both articles report that the Farmers' and Merchants' National Bank of Mount Morris (near Waynesburg, PA) closed its doors by order of the board of directors and that the bank would be closed indefinitely. No mention of a depositor run or reopening; closure appears voluntary/board-ordered and permanent (no receiver mentioned in these items). Capitalization ($25,000), deposits ($350,000), and founding year (1903) are reported. OCR corrected minor punctuation/spacing in bank name.

Events (5)
1. October 8, 1903 Chartered
Source
historical_nic
2. January 30, 1915 Suspension
Cause
Voluntary Liquidation
Cause Details
Closed by order of the board of directors; notice posted after banking hours stating the bank would be closed indefinitely.
Newspaper Excerpt
The Farmers' and Merchants' National bank, of Mount Morris, near Waynesburg, Pa., has closed its doors by order of the board of directors. The notice was posted after the closing hour and said the bank would be closed indefinitely.
Source
newspapers
3. February 4, 1915 Receivership
Source
historical_nic
4. July 30, 1915 Restored To Solvency
Source
historical_nic
5. February 21, 1927 Receivership
Source
historical_nic

Newspaper Articles (2)
1. January 30, 1915 The Pleasantville Press Pleasantville, NJ
Article from The Pleasantville Press, January 30, 1915

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Article Text

Mount Morris Bank Suspends. The Farmers' and Merchants' Na tional bank, of Mount Morris. neal Waynesburg. Pa., has closed its doors by order 0 the board of directors The notice was posted after the clos ing hour and said the bank would bi closed indefinitely. The bank is cap' talized at $25,000 and has deposits Oi $350,000. It was organized in 1903.

2. February 5, 1915 Milford Chronicle Milford, DE
Article from Milford Chronicle, February 5, 1915

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Article Text

Mount Morris Bank Suspends. The Farmers' and Merchants' National bank, of Mount Morris, near Waynesburg, Pa., has closed its doors by order of the board of directors. The notice was posted after the clos. ing hour and said the bank would be closed indefinitely. The bank is capitalized at $25,000 and has deposits of $350,000. It was organized in 1903.