Farmers & Merchants Bank (Gallipolis, OH)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
February 1, 1912*
Location
Gallipolis, Ohio (38.810, -82.202)
Bank Type
private
Routing Number
56-0438

Metadata

Notes

Closure tied to owner John S. Howard's bankruptcy and appointment of a receiver.

Events (2)

1. February 1, 1912* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Owner John S. Howard's bankruptcy precipitated the bank's closing.
Newspaper Excerpt
Howard... whose bankruptcy caused the Farmers' & Merchants' Bank of Gallipolis, O., and two other Ohio banks to close their doors recently.
Source
newspapers
2. February 3, 1912 Receivership
Newspaper Excerpt
Name Receiver For Bank. Columbus, O., Feb. 3.-James J. Thomas of Columbus was appointed as receiver to take charge of the business affairs of John S. Howard, who was thrown into bankruptcy on petition of three depositors of the Farmers' and Merchants' bank of Gallipolis, owned by Howard.
Source
newspapers

Newspaper Articles (2)

Article from The Democratic Banner, February 6, 1912

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Article Text

Name Receiver For Bank

Columbus, O., Feb. 3.-James J. Thomas of Columbus was appointed as receiver to take charge of the business affairs of John S. Howard, who was thrown into bankruptcy on petition of three depositors of the Farmers' and Merchants' bank of Gallipolis, owned by Howard.


Article from The Wheeling Intelligencer, February 8, 1912

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Article Text

W. VA. RECEIVER Is Asked to Take Charge of Ohio Bankrupt Banker's Property in This State. PARKERSBURG, W. Va., Feb. T.An application for the appointment of an auxiliary receiver in this dis trict in the case of John S. Howard. in bankruptcy, was filed in the United States Court here this afternoon by James J. Thomas, receiver, and T. J. Abertnathy, his attorney, of Columbus, O. Howard is a Gallipolis, O., banker, whose bankruptcy caused the Farmers' & Merchants' Bank of Gallipolis, O., and two other Ohio banks to close their doors recently. The auxiliary receiver is wanted in this district because Howard is alleged to have valuable hotel property at Clarksburg, W. Va., which the creditors want con ducted for their benefit. The petition will be referred to Judge Dayton, who is now on the bench of the Circuit Court of Appeals at Richmond. Va.