Merchants Bank - Columbia, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 25, 1924
Location: Columbia, South Carolina (34.001, -81.035)

Metadata

Model: gpt-5-mini
Short Digest: e3033d95

Response Measures

None

Description

Article states the State Bank Examiner set March 25 as the date for liquidation of Merchants Bank affairs by the National Loan and Exchange Bank; indicates official/state-ordered closure and liquidation (government action). No run is mentioned.

Events (3)

1. March 25, 1924 Other

Newspaper Excerpt: liquidation Merchants bank affairs by National Loan and Exchange bank. Depositors will be protected in full. (assignment of liquidation to another bank/agent).
Source: newspapers

2. March 25, 1924 Receivership

Newspaper Excerpt: date for liquidation Merchants bank affairs by National Loan and Exchange bank. Depositors will be protected in full.
Source: newspapers

3. March 25, 1924 Suspension

Cause: Government Action
Cause Details: State Bank Examiner set date for liquidation of the bank's affairs (official/state-ordered suspension leading to liquidation).
Newspaper Excerpt: March 25 is set by State Bank Examiner W. T Bradley as date for liquidation Merchants bank affairs by National Loan and Exchange bank. Depositors will be protected in full.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1924 Atlanta Tri-Weekly Journal Atlanta, GA

Article from Atlanta Tri-Weekly Journal, March 22, 1924

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Article Text

COLUMBIA. - Rev. Wilbur H Riser, retired, dies of paralysis. COLUMBIA. - Governor McLeo sends requisition papers to Ken tucky, for return to this state o William Gates, acquitted in Louis ville last week of charge of mur dering Richard Heaton, but wante at Lake City, this state, for com plicity in two attacks alleged t have been made on Police Chief W R. Hall last Fall by Gates and Hea ton. GREENWOOD. - J. D. Hilley well known citizen, dies at age o 63. ROWESVILLE. - Theodore F Barton, graduate of Clemson, 1906 is honored with award of Chas. A Coffin foundation for achievemen in electrical development. He is on of forty employes of General Elec tric company so honored. MARION. - Carload of hay 1 shipped from Marion county, to North Carolina points, shipment ar ranged by O. E. Baker, demonstra tion agent. LAURENS. - Sheriff S. C. Rie returns from Pittsburg, Pa., with Willie Johnson, wanted for murde of "Lawyer" Nick McDowell, anoth er negro, killed in 1905. ROCK HILL. - Citizens vote $75,000 bonds for new school build ing and additional four mill ta: levy for maintenance of schools. YORK. - Frank Allison, negro charged with killing Jim Grier wealthy negro landowner, early in March, is released on $1,500 bond Allison claims self-defense. COLUMBIA.-Dr. F. D. Kendall of Columbia, is appointed by Presi dent Thomas F. Riggs, of For Wayne, Ind., of American Poultr association, as America's delegat to World's Poultry congress, to b held in Spain in June. GREENVILLE. - Victor Mona ghan mills cut operations to fou days week, due to stagnant cond: tion of cloth market. This effect 3,000 employes. GREENVILLE.-Injuries to groon did not prevent marriage in hos pital of Miss Elizabeth Smith, o Anderson, and D. W. Law, of Char lotte, who was severely burned i: explosion just before wedding. ANDERSON.-G. J. Bee, 62, kill self and wife, 60, leaving not ex pressing hope that wife and childre would be taken care of. Despond ency over recent loss of employmen is believed to be cause. CHARLESTON.-Sheriff J. N Poulnot is ordered by federal cour to surrender property of Charlesto Isle of Palms Traction company which he recently seized under a tachment proceedings, following fai ure of company to pay judgmer for something over $10,000. FLORENCE.-Frazier Warr, 3 in ill health, commits suicide wit shotgun. COLUMBIA. - Galli-Curci visi Columbia for week-end, in trip fro Greenville to Savannah, and whi here attends negro production leading theater, attracong unusu interest by her act. COLUMBIA.-B. L. Parkinso last year secretary, is elected pres dent state teachers' association at decision to employ full time exe utive secretary is reached, at clc ing session of annual conventio here. CAMDEN.-M. O. Hatfield, Camden, enters penitentiary in C lumbia, to serve life term for mu der of Ernest Stokes, high scho student. Wade Reynolds, also this county, begins service of te year sentence for manslaughter, ki ing Willie Harris, filling stati owner. COLUMBIA.-March 25 is 8 by State Bank Examiner W. T Bradley as date for liquidation Merchants bank affairs by Natio al Loan and Exchange bank. D positors will be protected in full. SPARTANBURG.-Jesse V. Cal well, farmer. and Mrs. Ida Goc shaw are arrested in connection with killing of Rev. M. F. Danie's. wl was run down by automobile Greenville few nights ago, and whi they admit having been in Gree ville night of tragedy, they der their car killed minister. ROCK HILL.-L. W. Johnso newly appointed farm demonstr tion agent for York county, arriv to take up duties. SPARTANBURG. - Mrs. J. :