Merchants Bank (Louisville, KY)

Episode Information

Episode UID
8311440691123
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
831144069 hash
Start Date
July 25, 1893
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c1862fa1a48de4a5

Response Measures

None

Description

The articles mention the Merchants Bank closed indefinitely alongside the Fourth National and Deposit banks, and later reopened.

Events (2)
1. July 25, 1893 Suspension
Cause
Local Banks
Cause Details
Suspended following the failure and run on the Fourth National Bank of Louisville during the Panic of 1893.
Newspaper Excerpt
The Merchants' and Deposit banks were also forced to close their doors indefinitely.
Source
newspapers
2. September 6, 1893 Reopening
Newspaper Excerpt
The following national banks, which recently suspended payment, have been permitted to reopen their doors for business: ... the Merchants' bank of Louisville; Ky.
Source
newspapers

Newspaper Articles (3)
1. July 26, 1893 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, July 26, 1893

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Article Text

More Louisville Bank Failures. DUISVILLE, July 26.-The Fourth National bank threw up the sponge yesterday afternoon after a hard fight. A run during the day, with a drain from the country banks, caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." The Merchants' and Deposit banks were also forced to close their doors indefinitely.

2. July 27, 1893 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, July 27, 1893

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Article Text

More Louisville Bank Failures. LOUISVILLE, July 26.-The Fourth National bank threw up the sponge yesterday afternoon after a hard fight. A run during the day, with a drain from the country banks, caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." The Merchants' and Deposit banks were also forced to close their doors indefinitely.

3. September 6, 1893 The Star Reynoldsville, PA
Article from The Star, September 6, 1893

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Article Text

# BANK RESUMPTIONS. Many Reported From Different Parts of the Country. A telegram from Washington says: The following national banks, which recently suspended payment, have been permitted to reopen their doors for business: The State national bank of Denver, Col.; the Louisville city national bank, of Louisville, Ky.; the Merchants' bank of Louisville; Ky.; the First national bank of Ashland, Wis., and the First national bank of Platteville, Wis.; the German national bank of Denver, Col.; the First national bank of Canon City, Col. At Minneapolis, the Bank of New England, which suspended about a month ago, has resumed business. At San Francisco the People's home savings bank, which closed its doors June 23, opened for business. A statement issued by the national banks of Kansas City shows that since the height of the financial flurry, which was reached on June 19, the deposits have increased $2,000,000. The First national bank of Dubuque, Ia.; the First National bank of Grand Rapids, Col. The American national bank of Omaha, Neb.; the American national bank of Nashville, Tenn. The First national bank of Mankato, the National Citizens' bank of Mankota the Mankato national bank, all of Mankato, Minn.