Article Text
Two Manly Banks Close; Plan Consolidation Manly. Ia., Dec. Farmers and Merchants bank and the Farmers Savings bank pended business and closed their doors today while plans were in progress for consolidation
3077. Farmers Savings Bank (Manly, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- savings bank
- Start Date
- December 24, 1925
- Location
- Manly, Iowa (43.287, -93.202)
Metadata
- Model
- gpt-5-mini
- Short Digest
b18b8341a05984cc
Response Measures
None
Description
Article (Des Moines Register, 1925-12-24) reports Farmers Savings Bank suspended business and closed their doors while plans for consolidation with Farmers and Merchants Bank were in progress. No run or depositor agitation is mentioned; closure appears voluntary for consolidation.
Events (1)
1.
December 24, 1925
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Banks closed while plans were made to consolidate (voluntary consolidation), not described as a run or regulatory seizure
- Newspaper Excerpt
- Farmers and Merchants bank and the Farmers Savings bank suspended business and closed their doors today while plans were in progress for consolidation
- Source
- newspapers
Newspaper Articles (1)
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