Farmers Bank (Beechgrove, TN)

Episode Information

Episode Type
Suspension → Closure
Start Date
July 1, 1929*
Location
Beechgrove, Tennessee (35.627, -86.240)
Bank Type
state
Routing Number
87-0647
Canonical name
Farmers Bank & Trust Company
Alt. names
Bristol Savings & Loan Corporation; Farmers Bank

Metadata

Episode ID
Bank ID
City ID
471269328
Model
gpt-5-mini
Short Digest

Notes

Article gives two OCR variants of Beech Grove/Beach Grove; state takeover and receivership reported.

Events (2)
1. July 1, 1929* Suspension
Cause
Government Action
Cause Details
Bank failed to open and was taken over by the state banking department
Newspaper Excerpt
which failed to open its doors several days ago
Source
newspapers
2. July 17, 1929 Receivership
Newspaper Excerpt
has been taken over by the state banking department... it has gone into the hands of receivers.
Source
newspapers

Newspaper Articles (2)
1. July 17, 1929 The Daily News-Journal Murfreesboro, TN
Article from The Daily News-Journal, July 17, 1929

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Article Text

STATE TAKES OVER BEECH GROVE

Deal With Murfreesboro stitution Fails To Materialize

The Farmers Bank and Trust company of Beach Grove which failed to open its doors several days ago has been over by the state banking department, It was first believed that Murfreesboro bank would refinance the bank so that it might continue business. However, it was learned today that it has gone into the hands of receivers. Esquire F. Shelton, president of the bank, declared that the depositions will not suffer great loss. About $11.500 was on deposit at the time the bank failed.

2. July 17, 1929 The Daily News-Journal Murfreesboro, TN
Article from The Daily News-Journal, July 17, 1929

Click image to open full size in new tab

Article Text

STATE TAKES OVER BEECH GROVE BANK

Deal With Murfreesboro stitution Fails To Materialize

The Farmers Bank and Trust company of Beech Grove which failed to open its doors several days ago has been taken over by the state banking department, It was first believed that Murfreesboro bank would refinance the bank so that it might continue business. However, it was learned today that it has gone into the hands of receivers. Esquire S. Shelton, president of the bank, declared that the depositions will not suffer great loss. About $11,500 was on deposit at the time the bank failed.