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
3578. 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
4681759b
Response Measures
None
Description
Article (Dec 24, 1925) states Farmers Savings Bank and Farmers and Merchants Bank suspended business and closed their doors while planning consolidation. No run or depositor agitation mentioned; closure appears linked to planned consolidation (voluntary).
Events (1)
1.
December 24, 1925
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Banks suspended operations and closed while plans were in progress to consolidate (merger/consolidation).
- Newspaper Excerpt
- Manly. Ia., Dec. 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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