Mechanics Bank - Augusta, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 30, 1874
Location: Augusta, Georgia (33.471, -81.975)

Metadata

Model: gpt-5-mini
Short Digest: cbc735bc

Response Measures

None

Description

Article (Dec 31, 1874) reports the Georgia Supreme Court decided bill-holders are entitled to a receiver for the Mechanics Bank of Augusta. No run or temporary suspension is reported in the excerpt; the court-ordered receivership indicates the bank was placed in receivership/closed. Bank type not specified in text.

Events (1)

1. December 30, 1874 Receivership

Newspaper Excerpt: The Supreme Court of Georgia, in the case brought by certain bill-holders against the Mechanics Bank of Augusta and its stockholders, decided that the bill-holders are entitled to a receiver.
Source: newspapers

Newspaper Articles (1)

1. December 31, 1874 The Daily Dispatch Richmond, VA

Article from The Daily Dispatch, December 31, 1874

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Article Text

Dan Decision in a Bank Came. ATOUSTA, Gam December 30-The Siipreme Court of Georgia, in the case brought by certain bill-holders against the Mechasits Bank of Augueta and its stockholders, decided that the bill-holders are entitled to a receiver.