Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: July 16, 1926
Location: Gordon, Georgia (32.882, -83.332)

Metadata

Model: gpt-5-mini
Short Digest: 5bda0e63

Response Measures

None

Description

The bank closed a week earlier after the bankruptcy/suspension of Bankers' Trust Co. (its fiscal agent/chain disruption) and then reopened on July 22, 1926. No run is described in the articles; cause of suspension is failure/distress of correspondent/fiscal agent (Bankers' Trust Co.). Dates inferred from newspaper date (July 23, 1926) which states the banks 'opened for business yesterday' and had 'closed a week ago'.

Events (2)

1. July 16, 1926 Suspension

Cause: Correspondent
Cause Details: Closed following bankruptcy proceedings against Bankers' Trust Co., the bank's fiscal agent/chain disruption.
Newspaper Excerpt: Two small banks in Georgia which closed a week ago after the bankruptcy proceedings against the Bankers' Trust company opened for business yesterday.
Source: newspapers

2. July 22, 1926 Reopening

Newspaper Excerpt: Two small banks in Georgia which closed a week ago ... opened for business yesterday. The two banks which reopened were the Farmers and Merchants bank of Gordon, Ga., and the Lakewood bank, Atlanta, suburban institutions. (Newspaper date July 23, 1926.)
Source: newspapers

Newspaper Articles (2)

1. July 23, 1926 New Britain Herald New Britain, CT

Article from New Britain Herald, July 23, 1926

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Article Text

Two of the Closed Banks In Georgia Are Reopened Atlanta, Ga., July 23 (AP) - Two small banks in Georgia which closed a week ago after the bankruptcy proceedings against the Bankers' Trust company opened for business yesterday. Only one of them, however, was a member of the Bankers' Trust company chain of which more than 80 suspended activities after the suspension of business by their fiscal agent. Solicitor John A. Boykins during the day received permission from Judge Samuel H. Sibley of the federal district court for investigators from his department to examine the books of the Bankers' Trust company which now are in the hands of receivers. The two banks which reopened today were the Farmers and Merchants bank of Gordon, Ga., and the Lakewood bank, Atlanta, suburban institutions. The Farmers and Merchants bank was a member of

2. July 23, 1926 Evening Star Washington, DC

Article from Evening Star, July 23, 1926

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Article Text

GEORGIA BANKS REOPEN. Two of Chain Had Suspended Activities Week Ago. By the Associated Press. ATLANTA, July 23-Two small banks in Georgia which closed a week ago, after the bankruptcy proceedings against the Bankers' Trust Co., opened for business yesterday. Only one of them, however, was a member of the Bankers' Trust Co. chain, of which more than 80 stopped activities after the suspension of business by their fiscal agent. Meanwhile two investigations of the Bankers' Trust Co.'s affairs moved forward, one by a Fulton grand jury and the other by investigators of Solicitor John A. Boykins' department. The two banks which reopened were the Farmers and Merchants' Bank of Gordon, Ga., and Lakewood Bank, Atlanta suburban institution.