18702. Merchants & Planters National Bank (Dillwyn, VA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
11501
Charter Number
11501
Start Date
January 20, 1931
Location
Dillwyn, Virginia (37.543, -78.457)

Metadata

Model
gpt-5-mini
Short Digest
f7003a19f2c270fc

Response Measures

None

Receivership Details

Depositor recovery rate
90.8%
Date receivership started
1931-01-09
Date receivership terminated
1938-06-20
Share of assets assessed as good
38.2%
Share of assets assessed as doubtful
55.6%
Share of assets assessed as worthless
6.1%

Description

Articles report a receiver (H. Tucker) was appointed for Merchants & Planters National Bank in Dillwyn in Jan 1931 and the receiver was later seeking court authority in June 1931 to sell bank furniture/effects. No run is described; the bank was placed in receivership and appears to remain closed.

Events (5)

1. October 31, 1919 Chartered
Source
historical_nic
2. January 9, 1931 Receivership
Source
historical_nic
3. January 20, 1931 Suspension
Cause
Government Action
Cause Details
A receiver was appointed for the bank (federal receiver H. Tucker), implying suspension by government action or court appointment.
Newspaper Excerpt
Mr. Tucker, of South Boston, recently appointed receiver of the Merchants and Planters National bank here, is adjusting the affairs of the institution efficiently.
Source
newspapers
4. June 24, 1931 Receivership
Newspaper Excerpt
The News Leader H. Tucker receiver the Merchants Planters National Dillwyn, has the federal court seeking authority to dispose of by sale of the effects of bank's and furniture. The December last
Source
newspapers
5. * Other
Source
newspapers

Newspaper Articles (2)

Article from The Farmville Herald, January 23, 1931

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Article Text

Dillwyn Sunday Schools Have Excellent Attendance.- Bank Receivers at Work DILLWYN, Va., Jan. 20.-Both the Baptist and Methodist Sunday schools here had a record attendance last Sunday. The schools are well organized and are doing work that would be creditable to much larger churches. J. B. Wall, of Farmville, was host at dinner Wednesday to the division superintendent and principals of the county high schools. It was regretted that Supt. James and Principal Robertson, of the Arvonia school. could not be present. Mrs. Eubelia Silvey of Richmond. and Mrs. W. R. Silvey of New York, were recent guests of relatives here. Marshall Claiborne, Jr., of the University of Virginia, spent the week end with his parents, Mr. and Mrs. M. P. Claiborne. Mr. and Mrs. Winker. of Charlottesville. visited Mr. and Mrs. Herman Price Sunday. Mrs. T. J. Davis, who has been ill. is improving C. M. Marks, of Richmond, was here last week. Mr. Tucker, of South Boston. recently appointed receiver of the Merchants and Planters National bank here. is adjusting the affairs of the institution efficiently. P. W Wilson visited friends here last Sunday. Mr. and Mrs. W. M. Nuckols spent Tuesday with their son Marshall. a member of the Farmville company. in Danville Mrs. C. Garnett visited Miss Liflian Gilliam recently, Dr. R. E. Hanmer spent the week end in Farmville. Tom Turner. of Diana Mills. visited friends here recently. Mr. and Mrs. W. L. Hayes are welcomed to the community. The former is manager of the White Front market here. Mrs. C. R. Wood and Mrs. A. L. Smith were in Farmville this week.


Article from The Richmond News Leader, June 24, 1931

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Article Text

Bank Receiver Asks To Sell Equipment The News Leader H. Tucker receiver the Merchants Planters National Dillwyn. has the federal court seeking thority to dispose of by sale of the effects of bank's and furniture. The December last