Merchants Bank (Providence, RI)

Episode Information

Episode Type
Suspension → Closure
Start Date
October 27, 1893
Location
Providence, Rhode Island (41.824, -71.413)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
441219851
Model
gpt-5-mini
Short Digest

Notes

Articles indicate the bank was suspended and being wound up/liquidated rather than reopened; no receiver appointed.

Events (2)
1. October 27, 1893 Suspension
Cause
Voluntary Liquidation
Cause Details
Officials ordered to wind up affairs; petition for receiver denied and bank in liquidation.
Newspaper Excerpt
Must Wind Up Their Bank. PROVIDENCE, Oct. 27.-The suspended Merchants' bank officials were scored by the supreme court and were ordered to wind up the affairs of the concern. The petition for a receiver was denied.
Source
newspapers
2. March 27, 1895 Other
Newspaper Excerpt
Won't Ask For Receiver. PROVIDENCE, March 27.-The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.
Source
newspapers

Newspaper Articles (3)
1. October 27, 1893 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, October 27, 1893

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Article Text

Must Wind Up Their Bank

PROVIDENCE, Oct. 27.-The suspended Merchants' bank officials were scored by the supreme court and were ordered to wind up the affairs of the concern. The petition for a receiver was denied.

2. March 27, 1895 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, March 27, 1895

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Article Text

Won't Ask For Receiver

PROVIDENCE, March 27.-The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.

3. March 29, 1895 The United Opinion Bradford, VT
Article from The United Opinion, March 29, 1895

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Article Text

Will Stick to Present Plan

PROVIDENCE, March 27.-The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.