19751. Merchants Bank (Providence, RI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 27, 1895
Location
Providence, Rhode Island (41.824, -71.413)

Metadata

Model
gpt-5-mini
Short Digest
eb4a77d9

Response Measures

None

Description

Articles (Mar 27, 1895) report depositors deciding to continue a scheme of liquidation and not ask for a receiver. No run is mentioned. This indicates the bank was in voluntary liquidation / suspended and remaining closed permanently.

Events (1)
1. March 27, 1895 Suspension
Cause
Voluntary Liquidation
Cause Details
Depositors voted to continue the bank's present scheme of liquidation rather than ask a receiver; indicates voluntary winding up/closure.
Newspaper Excerpt
The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.
Source
newspapers

Newspaper Articles (2)
1. March 27, 1895 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, March 27, 1895

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Article Text

Won't Ask For Receiver. PROVIDENCE, March 27.-The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.

2. March 29, 1895 The United Opinion Bradford, VT
Article from The United Opinion, March 29, 1895

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Article Text

Will Stick to Present Plan. PROVIDENCE, March 27.-The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.