Merchants Bank (Moorhead, MN)

Episode Information

Episode UID: 7928083191140
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 792808319 hash
Start Date: December 7, 1894
Location: Moorhead, Minnesota (46.874, -96.768)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 586dec9d876a321d

Response Measures

None

Description

No run is described; bank was insolvent, placed in receivership and assets sold.

Events (3)

1. December 7, 1894 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Judgments and insolvency of the bank leading to suspension/closure
Newspaper Excerpt: Judgments amounting to $12,654.61 against defunct Merchants' bank, filed prior to recording the appointment of a receiver
Source: newspapers

2. February 25, 1895 Receivership

Newspaper Excerpt: Paul Van Vlissengen has sent in his resignation as receiver of the Merchants' Bank of Moorhead. Judge Baxter will be presented with petitions for the appointment of George E. Perley and Leslie Welter to fill the vacancy.
Source: newspapers

3. August 22, 1895 Other

Newspaper Excerpt: Receiver F. G. Barrows today sold at private sale the Merchants' Bank building to F. G. Asseltine and V. Fischer, of this city, for $20,250.
Source: newspapers

Newspaper Articles (5)

1. December 8, 1894 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, December 8, 1894

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Article Text

Excitement Among Creditors. Special to the Globe. MOORHEAD, Minn., Dec. 7.-Judgments amounting to $12,654.61 against defunct Merchants' bank, filed prior to recording the appointment of a receiver are believed to be valid. This will reduce the dividend to creditors by reason of the sale of bank property to $6,995.39. This has caused much excitement among creditors, and legal opinions are being sought in the cities.

2. February 26, 1895 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, February 26, 1895

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Article Text

Bank Receiver Resigns. Special to the Globe. MOORHEAD, Feb. 25. - Paul Van Vlissengen has sent in his resignation as receiver of the Merchants' Bank of Moorhead. Judge Baxter will be presented with petitions for the appointment of George E. Perley and Leslie Welter to fill the vacancy.

3. February 26, 1895 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, February 26, 1895

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Article Text

Bank Receiver Resigns. Special to the Globe. MOORHEAD, Feb. 25. - Paul Van Vlissengen has sent in his resignation as receiver of the Merchants' Bank of Moorhead. Judge Baxter will be presented with petitions for the appointment of George E. Perley and Leslie Welter to fill the vacancy.

4. August 23, 1895 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, August 23, 1895

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Article Text

Bank Building Under the Hammer Special to the Globe. MOORHEAD, Minn., Aug. 22.-Receiver F. G. Barrows today sold at private sale the Merchants' Bank building to F. G. Asseltine and V. Fischer, of this city, for $20,250.

5. November 1, 1896 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, November 1, 1896

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Article Text

a "turning over" will not be to the dis- advantage of the state. ### MOORHEAD presents a singular contrast to any of the other towns that I have visited in the district. It is aware that a great national campaign is in progress, but it does not seem to be greatly worried about it. The financial argument is omnipresent, of course, just as it is everywhere else in free America whenever two men meet. But "politicians are quiet," so Receiver F. G. Barrows, of the Merchants' bank, told me, and I found his statement correct. There have been all the incentives to enthusiasm here that there have been elsewhere-speeches, torchlights, free silver and Republican newspapers, etc.-but for some unexplained reason the