Farmers & Merchants Bank - Westmoreland, TN

Episode Information

Episode UID: 87048971581
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 8704897 routing
Routing Number: 87-0489
Start Date: September 28, 1931
Location: Westmoreland, Tennessee (36.562, -86.248)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 88a739390db8ac98

Response Measures

None

Description

Cashier reportedly confessed to a $6,532 shortage and attempted suicide; state took charge.

Events (2)

1. September 28, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier confessed to a $6,532 shortage in the bank's accounts; bank closed and state inspectors intervened.
Newspaper Excerpt: The bank closed its doors Monday and the state department of banking took charge.
Source: newspapers

2. September 30, 1931 Receivership

Newspaper Excerpt: the state department of banking took charge. Hodges is said to have confessed to inspectors of the state department of banking Wednesday of a shortage of $6,532 in the bank's accounts.
Source: newspapers

Newspaper Articles (1)

1. October 1, 1931 The Tennessean Nashville, TN

Article from The Tennessean, October 1, 1931

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Article Text

EXAMINERS CHECK BOOKS OF WESTMORELAND BANK Cashier Makes Unsuccessful Attempt to End Life WESTMORELAND, Tenn., Sept. 30.-(Spl.)-A thorough check was being made here today of the books of the Farmers and Merchants bank, which closed its doors Monday and whose cashier, M. Hodges 60, attempted to end his own life. The bank closed its doors Monday at noon and the state department of banking took charge. Hodges is sa d to have confessed to inspectors of the state department of banking Wednesday of a shortage of $6,532 in the bank's accounts. The cashier went to his home Monday and is reported to have told his wife the situation, declaring that he was going to shoot himself rather than face charges of defrauding the bank. Wednesday