17858. Farmers & Merchants National Bank (Clarksville, TN)

View Charter #3241 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3241
Charter Number
3241
Start Date
October 10, 1893
Location
Clarksville, Tennessee (36.530, -87.359)

Metadata

Model
gpt-5-mini
Short Digest
a58fac5f5ac4f3f8

Response Measures

None

Description

Newspaper reports (Oct 10, 1893) state the Farmers & Merchants Bank of Clarksville will go into voluntary liquidation following a stockholders' meeting. No run is mentioned; suspension is voluntary liquidation attributed to stringency of the times. Articles use a slightly different name (omit National); I use the provided bank name and corrected date from the article.

Events (3)
1. August 25, 1884 Chartered
Source
historical_nic
2. October 10, 1893 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders voted to go into voluntary liquidation (decision at meeting); suspension attributed to stringency of the times though assets exceed liabilities.
Newspaper Excerpt
The Farmers and Merchants Bank, of Clarksville, Tenn., will go into voluntary liquidation. This decision was made at a meeting of stockholders this morning. ... The cause of suspension is assigned to the stringency of the times. Its assets exceed its liabilities.
Source
newspapers
3. October 19, 1893 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. October 11, 1893 The Times Richmond, VA
Article from The Times, October 11, 1893

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Article Text

Another Bank Falls. NASHVILLE, TENN., Oct. 10.-The Farmers and Merchants Bank, of Clarksville, Tenn., will go into voluntary liquidation. This decision was made at a meeting of stockholders this morning. The bank has a capital of $100,000. The cause of suspension is assigned to the stringency of the times. Its assets exceed its liabilities,

2. October 14, 1893 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, October 14, 1893

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Article Text

A Tennessee Bauk Euspende. NASHVILLE, Tenn.-The Farmers' and Merchants' Bank of Ciarksville, Tenn, will go into voluntary liquida tion. The bank has a capital stock of $100,000. The cause of the enspersion is assigned to the stringency of the times. Its assetts exceed its liabilities.