Farmers & Merchants National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6983
Charter Number: 6983
Start Date: January 30, 1915
Location: Mount Morris, Pennsylvania (39.733, -80.068)

Metadata

Model: gpt-5-mini
Short Digest: 495f6f04

Response Measures

None

Receivership Details

Date receivership started: 1915-02-04
Date receivership terminated: 1911-07-30
OCC cause of failure: Run

Description

Two newspaper reports (Jan 30 and Feb 5, 1915) state the Farmers' and Merchants' National Bank of Mount Morris (near Waynesburg, PA) 'has closed its doors by order of the board of directors' with a notice saying it 'would be closed indefinitely.' No mention of a preceding run or later reopening; closure appears voluntary/board-ordered and likely permanent.

Events (5)

1. October 8, 1903 Chartered

Source: historical_nic

2. January 30, 1915 Suspension

Cause: Voluntary Liquidation
Cause Details: Closed by order of the board of directors; notice posted stating bank would be closed indefinitely.
Newspaper Excerpt: The Farmers' and Merchants' National bank, of Mount Morris, near Waynesburg, Pa., has closed its doors by order of the board of directors. The notice ... said the bank would be closed indefinitely.
Source: newspapers

3. February 4, 1915 Receivership

Source: historical_nic

4. July 30, 1915 Restored To Solvency

Source: historical_nic

5. February 21, 1927 Receivership

Source: historical_nic

Newspaper Articles (2)

1. January 30, 1915 The Pleasantville Press Pleasantville, NJ

Article from The Pleasantville Press, January 30, 1915

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Article Text

Mount Morris Bank Suspends. The Farmers' and Merchants' Na tional bank, of Mount Morris. neal Waynesburg. Pa., has closed its doors by order 0 the board of directors The notice was posted after the clos ing hour and said the bank would bi closed indefinitely. The bank is cap' talized at $25,000 and has deposits Oi $350,000. It was organized in 1903.

2. February 5, 1915 Milford Chronicle Milford, DE

Article from Milford Chronicle, February 5, 1915

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Article Text

Mount Morris Bank Suspends. The Farmers' and Merchants' National bank, of Mount Morris, near Waynesburg, Pa., has closed its doors by order of the board of directors. The notice was posted after the clos. ing hour and said the bank would be closed indefinitely. The bank is capitalized at $25,000 and has deposits of $350,000. It was organized in 1903.