Merchants Bank of Alexandria

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 4, 1817
Location: Alexandria, Virginia (38.818, -77.082)

Metadata

Model: gpt-5-mini
Short Digest: 5189701a

Response Measures

None

Description

Multiple published notices in early February 1817 state that the property, debts and effects of the Merchants Bank of Alexandria having been assigned and transferred, by the late Directors ... to the subscribers, in trust — indicating the bank's affairs were assigned to trustees and the bank was effectively closed. No article mentions a depositor run; the action appears to be an assignment/liquidation by directors. I corrected minor OCR errors in the notices (e.g., 'Alex andria' -> 'Alexandria').

Events (1)

1. February 4, 1817 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors assigned and transferred the bank's property, debts and effects to subscribers/trustees (assignment recorded in court); appears to be an internal winding up/assignment rather than run or government seizure.
Newspaper Excerpt: THE Property, Debts and Effects of the MERCHANTS BANK of Alexandria, having been assigned and transferred, by the late Directors thereof, to the subscribers, in trust
Source: newspapers

Newspaper Articles (4)

1. February 4, 1817 Alexandria Gazette, Commercial and Political Alexandria, VA

Article from Alexandria Gazette, Commercial and Political, February 4, 1817

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Article Text

Notice, THE Property, Debts aud Effects of he MERCHANTS BANK of Alex andria, having been assigned and transferred, by the late Directors thereof. to the subscribers. in trust for certain pur. poses, as mentioned in the deed of recard in the court books of AlexandriaNOTICE is hereby given to the debtors of that institution to come forward and secure their respect ve debts, or make avment to Celin Auld. one of the Trustees. at his office, lower end of King st. Merchants' Bank Notes will be reseived in payment, as directed in the aid deed of trust.

2. February 5, 1817 Alexandria Gazette, Commercial and Political Alexandria, VA

Article from Alexandria Gazette, Commercial and Political, February 5, 1817

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Article Text

Notice. THE Property, Debts and Effects o! the MERCHANTS BANK of Alex andria, having been assigned and transferred, by the late Directors thereof. to the subscribers. in trest for certain purposes, as mentioned in the deed of recard in the court books of AlexandriaNOTICE is hereby given to the debtors of that institution to come forward and secure their respect ve debts, or make payment to Colin Auld, one of the Trustees, at his office, lower end of King st. Merchants' Bank Notes will be reseived in payment, as directed in the -aid deed of trust. THS. SWANN, EDM. I. LEE,

3. February 7, 1817 Alexandria Gazette, Commercial and Political Alexandria, VA

Article from Alexandria Gazette, Commercial and Political, February 7, 1817

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Article Text

encit January S1 Notice. THE Property, Debts and Effects of the MERCHANTS BANK of Alex. andria, having been assigned and transferred, by the late Directors thereof. to the subscribers. in trust for certain purposes, as mentioned in the deed of record in the court books of AlexandriaNOTICE 13 hereby given to the debtors of that institution to come forward and secure their respective debts, or make payment to Cella Apid, one o: the 10s. teds, at his office, lewer end of King st. Merciants Bank Notes with be regeived in payment, 38 directed in the said deed of trust. THS. SW ANN, EDM. 1. LEE, COLIN AULD. 7t February 3-4 TO LET, OR FOR SALE, The House lately occupied by William Word, situated on Royal street, south King street, three dudie below the ut. vi Samuel Snowden, Possession ay be uad the first of February, Alse, the House 1 at present eccupy, the east of the above. For particulars enquire of Joseph Ingle, Alexandria. january 28

4. February 10, 1817 Alexandria Gazette, Commercial and Political Alexandria, VA

Article from Alexandria Gazette, Commercial and Political, February 10, 1817

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Article Text

Notice. THE Property, Debts and Effects of the MERCHANTS BANK of Mex. andria, having been assigned and transferred, by the late Directors thereof, to the subscribers. in trast for certain purposes, as mentioned in the deed of recard in the court books of AlexandriaNOTICE is hereby given to the debtors of that institution to couse forward and secure their respective debts, or make payment to Colin Auld, one of the 'rustecs, at his office, lower end of King st. Merchants' Bank Notes will be received in payment, as directed in the said deed of trust. THS. SWANN, EDM. 1. LEE, COLIN AULD. 7t February 3-4