2641. Bank of Americus (Americus, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1893*
Location
Americus, Georgia (32.072, -84.233)

Metadata

Model
gpt-5-mini
Short Digest
53797672

Response Measures

None

Description

The articles state the Bank of Americus failed in 1893 and was in receivership by 1897 with assets being distributed to creditors in 1897–1898. No contemporaneous run is described; this is a failure followed by receivership and asset distribution — a suspension leading to permanent closure.

Events (3)

1. January 1, 1893* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank is reported to have failed (insolvency) in 1893; failure of the bank rather than a rumor-driven run is described.
Newspaper Excerpt
the Bank of Americus, which failed in 1893
Source
newspapers
2. July 26, 1897 Receivership
Newspaper Excerpt
Objection Made to the Adoption of the Report of the Auditor. ... exceptions were filed to the report of R. L. Greer as auditor in the Bank of Americus receivership. ... About $60,000 in cash and realty will be distributed among the creditors in the wind-up of the bank's affairs.
Source
newspapers
3. June 12, 1898 Other
Newspaper Excerpt
about $30,000 of assets of the Bank of Americus, which failed in 1893, will be distributed among local creditors.
Source
newspapers

Newspaper Articles (2)

Article from The Morning News, July 27, 1897

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Article Text

BANK OF AMERICUS. Objection Made to the Adoption of the Report of the Auditor. Americus, Ga., July 26.-In the superior court to-day, Judge Spence presiding for Judge Littlejohn, exceptions were filed to the report of R. L. Greer as auditor in the Bank of Americus receivership. Objection was made to final adoption of the report, in that it did not cover all the issues involved, and the entire case was referred to the auditor. About $60,000 in cash and realty will be distributed among the creditors in the wind-up of the bank's affairs.


Article from The Morning News, June 13, 1898

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Article Text

ALL ABOUT AMERICUS. Seventy-Five Volunteers for the Regiment of Immunes. Americus, Ga., June 12.-By a decision of the Superior Court of Sumter county, rendered yesterday, about $30,000 of assets of the Bank of Americus, which failed in 1893, will be distributed among local creditors. When the bank failed a deed to all its property was made in favor of Northern creditors. This deed was attacked by local unsecured creditors, with the result as stated. The commencement sermon to the graduating class of Furlow High School was preached to-day at the First Baptist Church by Rev. L. G. Henderson. Services at the other churches were suspended, and an immense congregation heard Mr. Henderson. The graduating class numbers fourteen this year. Americus is making an effort to secure the camp for troops soon to be located at some interior point. Hon. E. B. Lewis, representative in Congress, is actively at work to have the camp located at some point in this part of the state. The primary election for county officers takes place on the 23d inst. and is the most spirited in years. There are four candidates for sheriff in the race, with a host of aspirants for the other offices, and the campaign will wax red hot before the day of election. Ben Davis, the negro who robbed the postoffice in the little town of Plains, near Americus, was sentenced yesterday in the Federal court at Macon to two years in the penitentiary. Rev. Sidney Beckwith, who was recently called to the rectorship of Calvary Episcopal Church in this city, arrived yesterday, and at once enters upon his duties here. Mr. Beckwith's family will remain in Michigan during the summer months. There has been no general rain in this part of the state in six weeks, and crops of all kinds are being ruined by the drought. Cotton and corn are badly injured already, and in some sections the yield will be cut off 50 per cent. even should it rain now. All smaller crops are parched by the hot sun. Capt. John A. Cobb was appointed local inspector of illuminating oils by Commissioner R. T. Nesbitt yesterday. The position pays $400 annually and there were a half dozen applicants for it. Americus will furnish a full company of volunteers for Col. Ray's regiment of immunes, now being organized at Macon. Fully seventy-five volunteers have been secured here, and these will go to Macon Wednesday to be mustered into service. This makes a total of 110 men. Americus has furnished for the war with Spain, provided all the immunes are accepted.