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: f8d43e19

Response Measures

None

Description

Article (1899-08-04) reports the Bank of Americus failed about six years earlier (c.1893) and had a receiver; the Supreme Court set aside a deed of trust so depositors and creditors will share in distribution. No run is described in the article; this is a past failure with ongoing receivership/distribution.

Events (2)

1. January 1, 1893* Receivership

Newspaper Excerpt: the Bank of Americus ... at the time of its failure, six years ago.
Source: newspapers

2. August 3, 1899 Other

Newspaper Excerpt: A decision of the Supreme Court ... sets aside a deed of trust made by the Bank of Americus of assets and properties at the time of its failure ... the creditors and depositors will share in the distribution of the bank's assets by the receiver.
Source: newspapers

Newspaper Articles (1)

1. August 4, 1899 The Morning News Savannah, GA

Article from The Morning News, August 4, 1899

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Article Text

DEPOSITORS WILL SHARE. Bank of Americus' Deed of Trust Has Been Set Aside. Americus, Ga., Aug. 3.-A decision of the Supreme Court, rendered yesterday, in the case of Clarke, trustee, versus Ingram, is of the greatest interest to Americus and Southwestern Georgia. The decision sets aside a deed of trust made by the Bank of Americus of assets and properties at the time of its failure, six years ago. This deed of trust was executed in favor of three Northern banks and in consequence the depositors of the bank got nothing. A legal fight had since been in progress and according to the decision of the Supreme Court yesterday in setting aside this deed of trust the creditors and depositors will share in the distribution of the bank's assets by the receiver. These assets amount to perhaps $50,000, a very large portion of which will be distributed in Americus and towns in this section of Georgia.