18138. Farmers & Merchants Bank (Nashville, TN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 7, 1891
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
127f4b6f3511efa2

Response Measures

None

Description

Articles report that a receiver was appointed (Jan 7, 1891) and the bank resumed business April 21, 1891. No article mentions a depositor run; this is a suspension/receivership followed by reopening. OCR corrected bank name punctuation and used newspaper dates to infer event dates.

Events (3)
1. January 7, 1891 Receivership
Newspaper Excerpt
E. S. Peck ... has been appointed receiver of the Farmers' and Merchants' bank in this city.
Source
newspapers
2. January 7, 1891 Suspension
Cause
Government Action
Cause Details
Court-appointed receiver (E. S. Peck) took charge of the bank, indicating suspension/receivership.
Newspaper Excerpt
E. S. Peck, a banker of Frankfort, Kan., has been appointed receiver of the Farmers' and Merchants' bank in this city. Nothing can be stated concerning the winding up of the business of the bank until the receiver arrives and matures his plans.
Source
newspapers
3. April 21, 1891 Reopening
Newspaper Excerpt
The Farmers' and merchants' bank in this city resumed business yesterday. The bank has abundance of money to meet all claims that may be presented. ... being the first national bank that ever resumed after having passed into the hands of a receiver.
Source
newspapers

Newspaper Articles (2)
1. January 8, 1891 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 8, 1891

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Article Text

THESE LIE DOWN. Backwash of the Late Financial Stringency. LAREDO, Tex., Jan. 7.-Messrs. Charles F. Yeager and B. F. Nicholson were yesterday appointed receivers of the Laredo Improvement company. Mr. Moore, of Lutcher &. Moore, of San Antonio, president of the company. says the assets are $395,000, the actual cost of the real estate and improvements,and their electric street car railroad. He also places their liabilities, including capital stock, at $355,000. he bond of the receivers has been approved by District Judge Russell. NASHVILLE, Tenn., Jan. 7.-A Clarksville. Tenn., special says: E. S. Peck, a banker of Frankfort, Kan., has been appointed receiver of the Farmers' and Merchants' bank in this city. Nothing can be stated concerning the winding up of the business of the bank until the receiver arrives and matures his plans. STEUBENVILLE, O.. Jan. 7.-Wagner &

2. April 21, 1891 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, April 21, 1891

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Article Text

Resumed Business. NASHVILLE, April 21.-The Farmers' and merchants' bank in this city resumed business yesterday. The bank has abundance of money to meet all claims that may be presented. No large depositors have withdrawn their money. This bank breaks the record, being the first national bank that ever resumed after having passed into the hands of a receiver.