Article Text
Must Wind Up Their Bank. PROVIDENCE, Oct. 27.-The suspended Merchants' bank officials were scored by the supreme court and were ordered to wind up the affairs of the concern. The petition for a receiver was denied.
19750. Merchants Bank (Providence, RI)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- October 27, 1893
- Location
- Providence, Rhode Island (41.824, -71.413)
Metadata
- Model
- gpt-5-mini
- Short Digest
77ea7c0c
Response Measures
None
Description
Article (Waterbury Evening Democrat, 1893-10-27) reports the Merchants' Bank of Providence was suspended and the state supreme court ordered officials to wind up the bank's affairs; petition for a receiver was denied. No run is described. This reads as a suspension that leads to permanent closure/liquidation.
Events (1)
1.
October 27, 1893
Suspension
- Cause
- Government Action
- Cause Details
- State supreme court reprimanded officials and ordered the bank's affairs wound up (court-ordered winding up/closure).
- Newspaper Excerpt
- Must Wind Up Their Bank. PROVIDENCE, Oct. 27.-The suspended Merchants' bank officials were scored by the supreme court and were ordered to wind up the affairs of the concern. The petition for a receiver was denied.
- Source
- newspapers
Newspaper Articles (1)
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