20906. Farmers & Merchants Bank (Nashville, TN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 7, 1891
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
9c076f2d

Response Measures

None

Description

Article (Jan 7–8, 1891) reports a receiver appointed for the Farmers' and Merchants' Bank in Nashville; a later article (Apr 21, 1891) reports the bank resumed business. No run or depositor panic is mentioned. The bank is described as a national bank in the April report. Dates are taken from the newspaper items (receiver appointment reported Jan 7/8, 1891; resumption Apr 21, 1891).

Events (3)
1. January 7, 1891 Receivership
Newspaper Excerpt
E. S. Peck, a banker of Frankfort, Kan., has been appointed receiver of the Farmers' and Merchants' bank in this city.
Source
newspapers
2. January 7, 1891 Suspension
Cause
Government Action
Cause Details
Receiver (E. S. Peck) appointed and bank passed into hands of a receiver; operations suspended pending winding up.
Newspaper Excerpt
appointed receiver of the Farmers' and Merchants' bank in this city.
Source
newspapers
3. April 21, 1891 Reopening
Newspaper Excerpt
The Farmers' and merchants' bank in this city resumed business yesterday. The bank has abundance of money to meet all claims that may be presented.
Source
newspapers

Newspaper Articles (2)
1. January 8, 1891 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 8, 1891

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Article Text

THESE LIE DOWN. Backwash of the Late Financial Stringency. LAREDO, Tex., Jan. 7.-Messrs. Charles F. Yeager and B. F. Nicholson were yesterday appointed receivers of the Laredo Improvement company. Mr. Moore, of Lutcher &. Moore, of San Antonio, president of the company. says the assets are $395,000, the actual cost of the real estate and improvements,and their electric street car railroad. He also places their liabilities, including capital stock, at $355,000. he bond of the receivers has been approved by District Judge Russell. NASHVILLE, Tenn., Jan. 7.-A Clarksville. Tenn., special says: E. S. Peck, a banker of Frankfort, Kan., has been appointed receiver of the Farmers' and Merchants' bank in this city. Nothing can be stated concerning the winding up of the business of the bank until the receiver arrives and matures his plans. STEUBENVILLE, O.. Jan. 7.-Wagner &

2. April 21, 1891 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, April 21, 1891

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Article Text

Resumed Business. NASHVILLE, April 21.-The Farmers' and merchants' bank in this city resumed business yesterday. The bank has abundance of money to meet all claims that may be presented. No large depositors have withdrawn their money. This bank breaks the record, being the first national bank that ever resumed after having passed into the hands of a receiver.