Farmers Bank of Virginia (Richmond, VA)

Episode Information

Episode UID
2931746090805
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
293174609 hash
Start Date
January 19, 1867
Location
Richmond, Virginia (37.554, -77.460)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f7f45cd3aae2242e

Response Measures

None

Description

Suspension referenced prior to 1867 assignment; receiver appointed by federal court in 1868.

Events (3)
1. January 19, 1867 Other
Newspaper Excerpt
On the 19th instant, the Farmers Bank of Virginia ... made a deed of assignment of all the assets of the bank to Messrs. John M. Goddin and Samuel C. Robinson, trustees, in accordance with the act of the General Assembly of 12th February, 1866
Source
newspapers
2. June 18, 1868 Receivership
Newspaper Excerpt
Notice is hereby given that the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches. DAVID J. SAUNDERS, Receiver.
Source
newspapers
3. * Suspension
Cause Details
Articles reference a prior suspension of general operations but give no cause.
Newspaper Excerpt
paying thereout all salaries due the officers of the bank, and reasonable faes and compensation for professional or other services rendered to the bank since its general operations were suspended
Source
newspapers

Newspaper Articles (12)
1. January 23, 1867 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, January 23, 1867

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Article Text

FARMERS BANK OF VIRGINIA -- The Richmond Times says:- "This bank on Saturday made a deed of trust, assigning all of its assets to John M. Goddin and Samuel C. Robinson, who are the Cashier and President of the Planters' National Bank. The deed is for the benefit of all its creditors, giving preference to itsnote holders, providing it be lawful. Should such preference not be lawful, then the assignment is for all creditors equally and equitably to share and share alike. The deed also provides for the payment of the salaries of all the officers of this bank since its suspension."

2. January 26, 1867 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, January 26, 1867

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Article Text

ASSIGNMENT OF THE FARMERS BANK.-On the 19th instant, the Farmers Bank of Virginia, through its president, William H. Macfarland, and Directors John E. Wadsworth, James B. Dupuy, Allen Y. Stokes, and Robert A. Mayo, made a deed of assignment of all the assets of the bank to Messrs. John M. Goddin and Samuel C. Robinson, trustees, in accordance with the act of the General Assembly of 12th February, 1866, requiring such deed conveying such assets to be distributed amongst all persons, corporations, and associations entitled to share in such distribution, according to the legal rights and priorities of such persons and corporations at the time such deed shall be executed." The deed conveys the entire proceeds of the bank upon condition that the trustees "shall proceed without delay to convert into current money all the assets of the existing in that form, and the debts the name action, bank by not collecting (using already of and the choses bank in in suits for that purpose when necessary or proper,) or by selling," &c.; sales to be made at such time and upon such terms, and in such manner, as the said trustees may determine. The entire proceeds, after deducting the expenses and the commissions of the trustees, to be appropriated after " paying thereout all salaries due the officers of the bank, and reasonable faes and compensation for professional or other services rendered to the bank since its general operations were suspended," to the redemption of the outstanding circulation or notes of the said bank ratably among the holders thereof, who shall present the same for redemption within six months after the publication of notice" in two or more newspapers in the city of Richmond. It is provided that in the redemption those note. holders who have received partial payment upon their notes shall not receive more until all other holders presenting their claims within the six months shall have received an equal amount upon their notes. It is further provided that those who have taken a specified sum in full satisfaction of their notes, and shall have surrendered the same, shall not be entitled to receive anything further. The residue of the fund in the hands of the trustees to be applied ratably to the satisfaction of all other debts and liabilities. But the deed closes with a proviso relating to the construction of the act of 12th February, 1866, and that part in italics in the beginning of this article. The deed says that, should that be legally construed SO as to require a distribution " among all the creditors of the said bank not having specific liens on property of the bank," then the said assets shall be distributed by the trustees accordingly, and they " shall not make or attempt any distribution giving preference or priority to the noteholder as aforesaid."

3. June 18, 1868 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, June 18, 1868

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Article Text

OTICE-TO ALL WHOM IT MAY N CONCERN.-Notice is hereby given that the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices ot the same, setting forth the amount claimed, with me. DAVID J. SAUNDERS, Receiver. Richmond, my 18-2aw6m

4. June 26, 1868 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, June 26, 1868

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Article Text

LEGAL NOTICES. OTICE-TO ALL WHOM IT MAY CONN CERN.-Notlce is hereby given that the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia receiver of all the assets of the Farmers Bank of Virginia and of all its branches. All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents or attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount claimed. with me. DAVID J. SAUNDERS, Receiver. je2-Tu&FtNovis[1f]

5. July 18, 1868 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, July 18, 1868

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Article Text

OTICE-TO ALL WHOM IT MAY CONCERN.-Notice is hereby given that N the undersigned has been appointed by the Circuit Court of the United States for the Distriet of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount claimed, with me. DAVID J. SAUNDERS, Receiver. Richmond, my 18-2aw6m

6. July 21, 1868 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, July 21, 1868

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Article Text

OTICE--TO ALL WHOM IT MAY N CONCFRN.-Notice is hereby given that the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount claimed, with me. DAVID J. SAUNDERS, Receiver. Richmond, my 18-2aw6m

7. July 21, 1868 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, July 21, 1868

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Article Text

BANKS AND BANKERS. ICHMOND BANKING AND INSURANCE COMPANY R No. 1202, corner of Main and Twelfth streets, Richmond. Va. STATE DEPOSITORY. JOHN B. DAVIS, President, JOHN F. C. POTTS, Secretary, JOHN C. DAVIS, Cashier, T. B. STARKE. General Agent. BANKING IN ALL ITS BRANCHES. Particular attention paid to collections. Fire Insurance effected on most reasonable terms. SAVINGS DEPARTMENT. We pay 6 per cent. on deposits in this department, and invite the attention of all interested. BOARD OF DIRECTORS. R. 0. HASKINS, JOHN B. DAVIS, WM. IRA SMITH, JOHN A. BELVIN, T. W. DOSWELL, JOSEPH HALL. LEWIS H. FRAYSER, JAS. M. TAYLOR, WILLIAM W. CRUMP. ap 25 OTICE-TO ALL WHOM IT MAY CONCERN.-Notice is hereby given that the unN dersigned has been appointed by the Circuit Court of the United States for the District of Virginia receiver of all the assets of the Farmers Bank of Virginia and of all its branches. All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents or attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount DAVID J. SAUNDERS. cl timed. with me. Receiver. je FENOV18[1]

8. August 20, 1868 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 20, 1868

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Article Text

ALL WHOM IT MAY CONis hereby given that the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia receiver of all the assets of the Farmers Bank of Virginia and of all its branches. All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents or attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount DAVID J. SAUNDERS, claimed, with me. Receiver. je Tu&FtNovis[1f]

9. August 31, 1868 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 31, 1868

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Article Text

OTICE-TO ALL WHOM IT MAY CONCERN.-Notice is hereby given that the unN dersigned has been appointed by the Circuit Court of the United States for the District of Virginia receiver of all the assets of the Farmers Bank of Virginia and or all its branches. All persons indebted to said banks are hereby notified forthwith to p ty such debts only to the receiver or his duly authorized agents or attorneys; and all persons having claims against sald banks must forthwith file notices of the same, setting forth the amount DAVID J. SAUNDERS, claimed, with me. Receiver,

10. September 22, 1868 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, September 22, 1868

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Article Text

OTICE-TO ALL WHOM IT MAY N CONCERN.-Notice is hereby given that the und ersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches. Ali persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices ot the same, setting forth the amount claimed. with me DAVID J. SAUNDERS, Receiver Richmond, my 18-2aw6m

11. September 30, 1868 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, September 30, 1868

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Article Text

OTICE-TO ALL WHOM IT MAY N CONCERN.-Notice is hereby given tha, the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices of the same. setting forth the amount claimed, with me. DAVID J. SAUNDERS, Receiver Richmond, my 18-2aw6m

12. March 14, 1870 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, March 14, 1870

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Article Text

By W. Goddin, Auctioneer and Real Estate Agent. ECEIVER'S SALE OF LOT ON THE R NORTH SIDE OF FRANKLIN BETWEEN TWENTY-FIRST AND TWENTY-SECOND STREETS.-At - the request of Mr. David J. Saunders. Receiver of the Farmers Bank of Virginia, I shall sell at auction. on the premises, on THURSDAY the 17th March, 1870, at it o'clock P. M., part of the LOT (No. 63) located as above. fronting 44 feet, running back the depth thereof. TERMS : One-third cash ; balance at four W. GODDIN. months, interest add d. Auctioneer. mh 14