21576. Farmers Bank (Fincastle, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 8, 1868
Location
Fincastle, Virginia (37.499, -79.877)

Metadata

Model
gpt-5-mini
Short Digest
55144738

Response Measures

None

Description

Newspaper reports show a suit seeking appointment of a receiver (June 8, 1868) and on June 24, 1868 receivers were appointed. No mention of a depositor run or reopening; bank placed in receivership and thus effectively closed.

Events (2)

1. June 8, 1868 Other
Newspaper Excerpt
George W. Scott, of New York, has introduced a suit in this court against the Farmers Bank of Fincastle with a view to the appointment of a receiver for that bank.
Source
newspapers
2. June 24, 1868 Receivership
Newspaper Excerpt
The case of George W. Scott against the Farmers Bank of Fincastle was argued yesterday, and receivers appointed-Thomas R. Branch and the President of the bank.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Dispatch, June 8, 1868

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Article Text

UNITED STATES CIRCUIT COURT-CHIEF JUSTICE CHASE PRESIDING.-The case of The Merchants National Bank of Baltimore vs. Bank of the Valley of Virginia was on Saturday argued by General Bradley Johnson and Governor Wells for the plaintiffs, and by Alexander Hunter, Esq., for the defence, and continued for a further hearing. The case of Palmer, Hartsook & Co. vs. William James was removed from the Circuit Court of the city of Richmond, on a writ of certiorari, to this court. C. S. Parsons & Sons vs. Wolf Jacobs: jury waived, and the case submitted to the court. Judgment for the plaintiff in the sum of 8531.15: The Chief Justice informed the bar that the docket would be called again to-day in order to try those cases in which the presence of two judges is desired. George W. Scott, of New York, has introduced a suit in this court against the Farmers Bank of Fincastle with a view to the appointment of a receiver for that bank.


Article from The Daily Dispatch, June 24, 1868

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Article Text

UNITED STATES CIRCUIT COURT.-The case of George W. Scott against the Farmers Bank of Fincastle was argued yesterday, and receivers appointed-Thomas R. Branch and the President of the bank. The petit jurors were paid off.