Farmers & Merchants State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1931*
Location: Washington, Iowa (41.299, -91.692)

Metadata

Model: gpt-5-mini
Short Digest: 7ac5ff5e

Response Measures

None

Description

Article states the Farmers and Merchants bank 'closed here several ago' and that bank receiver Fred Morrison 'moved his office ... having settled the affairs' — indicates the bank closed and was placed in receivership and its affairs settled. No run or deposits panic is mentioned and no reopening is reported.

Events (2)

1. May 1, 1931* Receivership

Newspaper Excerpt: Fred Morrison, bank receiver, moved his office Wednesday having settled the affairs the Farmers and Merchants bank.
Source: newspapers

2. May 1, 1931* Suspension

Cause Details: Article gives no reason for the closure/suspension; only notes the bank had closed previously and affairs were being settled.
Newspaper Excerpt: Having settled the affairs the Farmers and Merchants bank, which closed here several ago.
Source: newspapers

Newspaper Articles (1)

1. May 31, 1931 Mid-West Progressive Muscatine, IA

Article from Mid-West Progressive, May 31, 1931

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Article Text

Washington WASHINGTON, McCoy returned Wednesday after spending the past month home her daughter, Mrs. Fairfield. Eller and daughter, Kathleen,, brought over. Several local expect and program the Burlington chapter Thursday Fred Morrison, bank receiver, moved his office Wednesday having settled the affairs the Farmers and Merchants bank. which closed here several ago. Howell and George Rudiger, local life insurance men, spent Monday Wellman. Harley Noel being held in the county the charge illegal transportation liquor, having Monday night Sheriff McCarty was driving Washnigton. ported the officers shot the tires Noel's car, to force him Rit of Evanston, III. formerly in the clothing business here, visiting at the home sister. Mrs. Cook and renewing acquaintances with old friends. The Geo. Breitenbach and Dr. Boice homes coats of paint. Albert Cherry doing the work at the Boice resiCloyce for John Bryson is painting home. Work progressing rapidly the which is being of Continental Construction Co. ficulty regarding the right but hoped may be justed satisfactorily. Local schools close this week for the summer and club May breakfast Wednesday morning at the