Article Text
Must Wind Up Their Bank. PROVIDENCE, Oct. 27.-The suspended Merchants' bank officials were scored by the supreme court and were ordered to wind up the affairs of the concern. The petition for a receiver was denied.
17097. Merchants Bank (Providence, RI)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- October 27, 1893
- Location
- Providence, Rhode Island (41.824, -71.413)
Metadata
- Model
- gpt-5-mini
- Short Digest
5a4cd551a5899351
Response Measures
None
Description
Article (Waterbury Evening Democrat, 1893-10-27) reports the 'suspended Merchants' bank' in Providence and that the state supreme court ordered the officials to wind up affairs; a petition for a receiver was denied. No mention of a depositor run; the bank is suspended and appears to be being wound up (permanently closed). Cause of suspension is not specified in the article text provided.
Events (1)
1.
October 27, 1893
Suspension
- Cause Details
- Article does not specify the reason for the suspension; court ordered officials to wind up affairs and a receiver petition was denied.
- Newspaper Excerpt
- Must Wind Up Their Bank. PROVIDENCE, Oct. 27.-The suspended Merchants' bank officials were scored by the supreme court and were ordered to wind up the affairs of the concern. The petition for a receiver was denied.
- Source
- newspapers
Newspaper Articles (1)
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