20952. Planters Bank (Nashville, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 6, 1875
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
04e1bd04

Response Measures

None

Description

Multiple articles (July–Oct 1875) report that Planters' Bank of Tennessee is in the hands of a trustee/receiver (D. Weaver) and is being liquidated; assets ordered sold to close the trust. No contemporaneous run is described. OCR corrected minor punctuation in the bank name. State selected because name indicates a state-chartered bank.

Events (2)
1. July 6, 1875 Receivership
Newspaper Excerpt
An important decree was entered ... Planters' Bank of Tennessee. Under a former decree ... D. Weaver, Esq., has been engaged in settling up the business of the bank as trustee and receiver. By the decree yesterday the trust was closed, the financial status of the bank being reported ... The decree provides for the sale of the assets not yet disposed of.
Source
newspapers
2. September 1, 1875 Other
Newspaper Excerpt
By an order of the Chancery Court of Davidson county, Tenn., the remaining assets of the Planters' Bank will be sold for cash in October and November next, to close the trust. Sales will take place as follows: At the court-house door in Nashville, at 11 o'clock, October 20, 1875; ... For further particulars, apply for private schedule to D. WEAVER, Trustee and Receiver.
Source
newspapers

Newspaper Articles (9)
1. July 6, 1875 Nashville Union and American Nashville, TN
Article from Nashville Union and American, July 6, 1875

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Article Text

# The Planters' Bank. An important decree was entered in the Chancery Court yesterday relative to the affairs of the Planters' Bank of Tennessee. Under a former decree in the same case, Berry, against the bank, D. Weaver, Esq., has been engaged in settling up the business of the bank as trustee and receiver. By the decree yesterday the trust was closed, the financial status of the bank being reported by the Clerk and Master as follows: Total assets........................$4,926,774 02 Credits to which the trustee is entitled.................... 4,590,528 06 Assets remaining nominally.. $336,245 96 The decree provides for the sale of the assets not yet disposed of.

2. July 8, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, July 8, 1875

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Article Text

PLANTERS BANK. Fival Reports and Decrees in Counce. tion With Its Liquidation-The & 1. fairs of the Institution Wound Up by a Faithful Trustee. Nashville Banner, Tuesday.] The final reports and decrees in connection with the liquidation of the Planters bank, by Dempsey Weaver, trustee, were made in the chancery court yesterday. On the first day of June, 1873, the date of the last examinstion and report, the trustee, Dempsey Weaver, was found chargeable with assets aggregating the sum of $376,133 74. The present examination shows that on account of transactions between June 1, 1873 and May 31, 1875, the trustee is chargeable with the additional sum of $28,159 97, making a total of $404,293 71 to be accounted for. Of this sum the trustee is entitled to credits amounting to $68,047 75. The total assets charged to the trustee and receiver on the books of the bank are $4,926,774 02; his total credits are $4,590,528 06; assets remaining as before stated, $336,245 96 Every effort has been made by the trustee to collect the assets which come into his hands. It is manifest that & large proportion of the assets remaining uncollected as above are wortbless, and any further efforts to collect the same by legal processes would be useless expenditure of funds. Under these circumstances the suggestion of the trustee that he be allowed to dispose of all remaining assets by a public sale, about October 1, seems proper. C. 1875, companiation wise of the and trustee should The be as the rate of $5000 per annum. The receive." 8 report shows a profit and loss account O $2,366,964 80 for dis. counted notes and Confederate money, war bonds, expenses, attorneys fees, sundry judgments against the bank, etc.; amount paid on account of first, second, third and fourth pro rata dividends to stockholders, $384,781 06; by Planters bank stock charged to capital stock, $69,200; by Planters bank notes redeemed and burned, $1,767,722 45; amount paid on old dividende, $1859 75. This makes the total amount of credits to him as trustee and receiver, from July 31, 1865, to May 31, 1875, $4,590,528 06. From the amount charged, $4,926,774 02, deduct $4,590,528 06, and there remains as assets, $336,245 96.

3. September 3, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, September 3, 1875

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NOTICE! UBLIC SCHOOL No. 1, Fourteenth Civil P District, at Rozzel Station, opens MONDAY, September 6th. Every arrangement has been made to render this a First-Class School. In addition to the branches required to be taught in the Public Schools, the Principal will take charge of a Class in the Classics and higher Mathematics. For pupils from a distance, board can be obtained convenient to the schoolhouse. J.S. GALLOWAY, A.M., Principal PLANTERS' BANK Of TENNESSEE an Order of the Chancery Court of David B son county, Tennessee, the remaining Assets of the Planters' Bank will be fold, for cash, in October and November next, to close the trust. Sales will take place as follows: At the Courthouse door Nashville, at 11 o'clock, October 20, 1875. At the Courthouse door Memphis, at 11 o'clock, October 6, 1875. Lands in Texas, at Marshall and Galveston, October 6, 1875 Lands in Mississippi, at Vicksburg, October 6, 1875. One tract of land in Kentucky, at Danville, Kentucky, November 6 1875. For full particulars, apply for printed D. WEAVER, schedule to Trustee and Receiver. sep3-daw NASHVILLE, Sept. 1, 1875.

4. September 3, 1875 The Herald and Mail Columbia, TN
Article from The Herald and Mail, September 3, 1875

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Article Text

# PLANTERS' # Bank of Tennessee. By an order of the Chancery Court of Davidson county, Tenn., the remaining assets of the Planter's Bank will be sold for cash in October and November next, to close the trust. Sales will take place as follows: At the court-house door in Nashville, at 11 o'clock, October 20, 1875; at the court-house door in Memphis, at 11 o'clock, October 6th, 1875; Lands in Texas: at Marshall and Galveston, October 6, 1875; Lands in Mississippi, at Vicksburg, October 6, 1875; and one tract of land in Kentucky, at Danville, Ky., November 6, 1875. For further particulars, apply for private schedule to D. WEAVER, Sept. 3, 1875.-1m. Trustee and Receiver.

5. September 10, 1875 New-York Tribune New York, NY
Article from New-York Tribune, September 10, 1875

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Article Text

AS STOCKS. G NEW.YORK, metropolitan, MUTUAL, AND MANHATTAN GAS STOCKS BOUGHT and SOLD, and all kinds of Brooklyn and New. York Gas Securities dealt GEO, IL PRENTISS, in by Room 23. 30 Broad-st., N.Y. OST-Four Shares of NEW-YORK, NEWL HAVEN and HARTFORD R. R. CO., Certificate No. 3,572; standing in nameof Maria Turk. Finder will please return same to Box 14, care of J. L. HUBBARD, NewRochelle, N. Y. ONEY to LOAN on Bond and Mortgage. M Second Mortgages cashed. HINE & GRAY, 557 6th-ave. ONEY to LOAN on bond and mortgageM New York City, Westchester County, Brooklyn, NewEDMUND COFFIN, 77 Cedar-st. Jersey, N ORTHERN PACIFIC and other Railroad Bonds and Scrip bonght and sold. H. F. NEWHALL & Co., No. 241 Dock-st., Philadelphia. ORTHERN PACIFIC RAILROAD BONDS. N -BONDHOLDERS can obtain information about the ex. change of bonds for lands by addressing or calling upon CALVIN F. HOW, No. 26 Borling slip, New- York. LANTERS' BANK OF TENNESSEE. By an orderof the Chancery Court of Davidson County, Tennessee, the remaining ASSETS of the PLANTERS' BANK will be sold for cash in OCTOBER and NOVEMBER next, to close the trust. Sales will take place as follows: At the Court-house door, Nashville, at 11 o'elock, Oct. 20, 1875. At the Court-house door. Memphis at 11 o'clock, Oct. 6, 1875. Lands in Texas at Marshall and Galveston. Texas, Oct. 6 1875. Lands in Mississippi at Vicksburg, Oct. 6. 1875, and one tract of Land in Kentucky at Danville, Ky., Nov. 6, 1875. For full particulars apply at BANK of the MANHAT. TAN COMPANY, New-York, for printed schedule. D. WEAVER, Trustee and Receiver. nashville, Sept. 1, 1875.

6. September 26, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, September 26, 1875

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Article Text

PLANTERS' ANKOFTENNESSEE Y an Order of the Chancery Court of DavidB son county, Tennessee, the remaining Assets of the Planters' Bank will be fold, for cash, in October and November next, to close the trust. Sales will take place as follows: At the Courthouse door Nashville, at 11 o'clock, October 20, 1875. At the Courthouse door Memphis, at 11 o'clock, October 6, 1875. Lands in Texas, at Marshall and Galveston, October 6, 1875. Lands in Mississippi, at Vicksburg, October 6, 1875. One tract of land in Kentucky, at Danville, Kentucky, November 6, 1875. For full particulars, apply for printed schedule to D. WEAVER, Trustee and Receiver sep3-d&w NASHVILLE, Sept. 1, 1875.

7. September 29, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, September 29, 1875

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Article Text

PLANTERS' BANKOFTENNESSEE Y an Orderof the Chancery Court of DavidB son county, Tennessee, the remaining Assets of the Planters' Bank will be sold, for cash, in October and November next, to close the trust. Sales will take place as follows: At the Courthouse door Nashville, at 11 o'clock, October 20, 1875. At the Courthouse door Memphis, at 11 o'clock, October 6, 1875. Lands in Texas, at Marshall and Galveston, October 6, 1875. Lands in Mississippi, at Vicksburg, October 6, 1875. One tract of land in Kentucky, at Danville, Kentucky, November 6, 1875. For full particulars, apply for printed schedule to D. WEAVER, Trustee and Receiver sep3-d&w NASHVILLE, Sept. 1, 1875.

8. October 22, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, October 22, 1875

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Article Text

PLANTERS' BANKOF TENNESSEE Y an Order of the Chancery Court of DavidB son county, Tennessee, the remaining Assets of the Planters' Bank will be sold, for cash, in October and November next, to close the trust. Sales will take place as follows: At the Courthouse door Nashville, at 11 o'clock, October 20, 1875. At the Courthouse door Memphis, at 11 o'clock, October 6, 1875. Lands in Texas, at Marshall and Galveston, October 6, 1875. Lands in Mississippi, at Vicksburg, October 6, 1875, One tract of land in Kentucky, at Danville, Kentucky, November 6, 1875. not For full partioulars, apply for printed schedule to D. WEAVER, Trustee and Receiver sep3-d&w NASHVILLE, Sept. 1, 1875.

9. October 23, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, October 23, 1875

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Article Text

# PLANTERS' BANK OF TENNESSEE BY an Order of the Chancery Court of David- son county, Tennessee, the remaining Assets of the Planters' Bank will be sold, for cash, in October and November next, to close the trust. Sales will take place as follows: At the Courthouse door Nashville, at 11 o'clock, October 20, 1875. At the Courthouse door Memphis, at 11 o'clock, October 6, 1875. Lands in Texas, at Marshall and Galveston, October 6, 1875. Lands in Mississippi, at Vicksburg, October 6, 1875. One tract of land in Kentucky, at Danville, Kentucky, November 6, 1875. For full particulars, apply for printed schedule to D. WEAVER, Trustee and Receiver NASHVILLE, Sept. 1. 1875.