Farmers & Merchants National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2582
Charter Number: 2582
Start Date: May 26, 1884
Location: Uhrichsville, Ohio (40.393, -81.346)

Metadata

Model: gpt-5-mini
Short Digest: 2a872f32

Response Measures

Accommodated withdrawals

Description

Deposit run occurred after failure of the Penn Bank of Pittsburgh (a correspondent). The bank paid out large sums and remained open; article emphasizes it 'is not closed as was reported' and 'is open again as usual.' OCR in the article misspells Uhrichsville; corrected to Uhrichsville, OH.

Events (4)

1. November 1, 1881 Chartered

Source: historical_nic

2. May 26, 1884 Reopening

Newspaper Excerpt: The bank is open again as usual.
Source: newspapers

3. May 26, 1884 Run

Cause: Correspondent
Cause Details: Failure of the Penn Bank of Pittsburgh caused the bank to lose $10,000 and triggered withdrawals by depositors.
Measures: President paid out $32,000 to meet withdrawals; paid out funds and received deposits back as confidence returned.
Newspaper Excerpt: This banking institution lost $10,000, and a run was made on it by depositors when it was known. President William R. Thompson, however, paid out $32,000, when the excitement died out, and a lot of money was returned to the bank again.
Source: newspapers

4. November 10, 1884 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. May 27, 1884 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, May 27, 1884

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Article Text

The Ubrichsville Bank Opened. UNRICHSVILLE, 0., May 26.-The Farmers' and Merchants' National Bank, of this place, is not closed 29 was reported, on account of the failure of the Penn Bank, of Pitteburgh. This banking institution lost $10,000, and a run W29 made on it by depositors when it was known. President William R. Thompson, however, paid out $32,000, when the excitement died out, and 8 lot of money WAS returned to the bank again. Mr. Thompson says he is able to pay two dollars for every dollar he owes. The bank is open again as usual.