9739. Merchants & Planters Bank (Indianola, MS)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
October 28, 1906
Location
Indianola, Mississippi (33.451, -90.655)

Metadata

Model
gpt-5-mini
Short Digest
b9421ee0b9bcd320

Response Measures

None

Description

Multiple contemporary newspapers (Oct 28โ€“Nov 8, 1906) report the Merchants & Planters Bank of Indianola, MS, has been placed in the hands of a receiver with Marvin Brown named receiver. Articles cite applications by Memphis and New Orleans banks claiming about $35,000. No article mentions a prior depositor run or temporary suspension/reopening; the bank was placed in receivership (closure).

Events (1)

1. October 28, 1906 Receivership
Newspaper Excerpt
The Merchants and Planters' Bank, of Indianola, has been placed in the hands of a receiver ... Marvin Brown has been named as receiver.
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, October 29, 1906

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Article Text

RECEIVER FOR MISSISSIPPI BANK. Memphis, Oct. 28.-A dispatch to "The Commercial Appeal" from Indianola, Miss., says: The Merchants and Planters' Bank, of Indianola, has been placed in the hands of a receiver, on the application of the Memphis and New Orleans banking institutions, which present claims aggregating $35,000. Marvin Brown, of this place, has been named us receiver


Article from The Times Dispatch, October 29, 1906

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Article Text

RECEIVER APPOINTED FOR INDIANOLA BANK INDIANOLA MISS., October 28.-The Merchants' and Planters' Bank. of Indianola, has been placed in the hands of a receiver on the application of MemThis and New Orleans banking instituifons, who present claims aggregating $35,000 Marvin Brown, of this place, has been named as receiver.


Article from The Montgomery Advertiser, October 29, 1906

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Article Text

dianola, Miss., says: The Merchants and Planters Bank of Indianola has been placed in the hands of a receiver on the application of Memphis and New Orleans banking institutions who present claims aggregating $35.000. Marvin Brown. of this place. has been named as receiver.


Article from The Birmingham Age-Herald, October 29, 1906

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Article Text

Receiver is Named. Memphis, October 28.-A special to the Commercial-Appeal from Indianola, Miss., says: The Merchants and Planters bank of Indianola has been placed in the hands of a receiver on the application of Memphis and New Orleans banking institutions, who present claims aggregating $35.000. Marvin Brown of this place has been named as receiver.


Article from Arizona Republican, October 29, 1906

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Article Text

A MISSISSIPPI BANK. Indianola, Miss., Oct. 28.-The Merchants' and Planters' bank of Indianola has been placed in the hands of a receiver on the applications of Memphis and New Orleans banking institutions which present claims aggregating $35,000. / Marvin Bisown of this place has been named receiver.


Article from The Lake County Times, October 29, 1906

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Article Text

NEWS FACTS IN OUTLINE Forty-two states and three territories will hold elections Nov. 6, twenty of them electing state officers and legislatures and two representatives in congress and legislatures. President Roosevelt was 4S years old Saturday. The largest consignment of gold ever shipped from South Africa-$5,700,000 -has just arrived in London. Bellamy Storer, ex-ambassador to Austria, whose sudden recall created a sensation, has arrived at New York from Europe. Charles E. Bross, chief clerk of the Wisconsin state senate from 1878 to 1890. is dead at Madison, Wis., aged 74 years. The known fatalities resulting from the fire that destroyed the Chamber of Commerce building in Kansas City, Kan., number twelve. Four persons are yet missing. It is announced that the construction of two battleships, each of over 20,000 tons, will shortly be begun in a Eussian yard. The Newfoundland colonial legislature will meet early in January for the purpose of considering the fisheries difficulty. The "Roosevelt" prize for the three mile run at Paris was won by Keyser, a French athlete. The signal corps has completed a wireless telegraph station at Camp Columbia, Cuba, and is exchanging messages with Key West promptly. The total receipts of the general land office for the year ended June 30 were $7,585,524, an increase over the preceding year of $567,713. William O. Robson, supreme secretary of the Royal Arcanum, is dead of pneumonia at Wellesley Hills, Mass., aged 83 years. The Merchants' and Planters' bank, of Indianola. Miss., has been placed in the hands of a receiver.


Article from Bryan Morning Eagle, October 30, 1906

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Article Text

lu Receiver's Hands. Memphis, Oct. 29.-A special to the Commercial-Appeal from Indianola Miss., says: The Merchants and Plant. ers' bank of Indianola was placed in the hands of a receiver on the application of Memphis and New Orleans banking institutions, who present claims aggregating $35,000. Marvin Brown of this place has been named as receiver.


Article from Burlington Weekly Free Press, November 1, 1906

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Article Text

Sunday, Oct. 28. Frank Martin. 9 years old. and A1bert Holland. 10. who were arrested for breaking Into the summer home of C. 1: Reed at Greenwich Conn. and destroying property there, were com. mitted to the state reform school until they shall reach the age of 21. The Merchants and Planters' bank of Indianola, Miss. has been placed 112 the hands of a receiver. G 11. Lewis, acting as solicitor for the Duke and Duchess of Marlborough says that no deed of separation between the duke and the duchess has been signed. Two breakers were blown down hundreds of homes damaged. dozens of persons injured and scores of trees and telephone poles uprooted and blown down in a storm which swept through The dam. the Lackawanna valley. are will in aloca to 8500 000


Article from The Commonwealth, November 2, 1906

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Article Text

Bank Failure at Indianola. Indianola, Miss., Oct. 28.-The Merchants and Planters Bank of this city was placed in the hands of a receiver yesterday and Hon Marvin Brown was appointed receiver by Chancellor Bell upon application of the State National Bank of Memphis and the State National Bank of New Orleans, to whom the Merchants and Planters Bank owed $22,000 and 813,000 respectively. The creditors were represented by Hon. Murray Smith of Vicksburg and Baker & Moody of this town.


Article from Forest City Press, November 8, 1906

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Article Text

Indiancia, Miss.-The Merchants and Planters bank, of Indianola, has been placed in the hands of a receiver. on the application of Memphis and New Orleans banking institutions, who present claims aggregating $35,000. Marvin Brown, of this place, has been named as receiver.