gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
90d0d2051a7c6cc1
Response Measures
None
Description
Suspended for liquidation by its president; later press refers to the bank as defunct and officials indicted.
Events (2)
1.April 16, 1906Suspension
Cause
Voluntary Liquidation
Cause Details
President announced suspension for liquidation; assets $687,126 and liabilities $518,126; depositors to be paid in full.
Newspaper Excerpt
The suspension of the Merchants and Farmers' bank for liquidation was announced today by its president, A. H. Leonard.
Source
newspapers
2.October 22, 1906Other
Newspaper Excerpt
Indictments were returned against ... former officials of the defunct Merchants' and Farmers' Bank and Trust Company ... The bank ... suspended operations last April.
Source
newspapers
Newspaper Articles (10)
1.April 17, 1906Los Angeles HeraldLos Angeles, CA
Click image to open full size in new tab
Article Text
Louisiana Bank Suspends By Associated Press. SHREVEPORT, La., April 16.-The suspension of the Merchants and Farmers' bank for liquidation was announced today by its president, A. H. Leonard. The assets amount to $687,126 and liabilities $518,126. Depositors will be paid in full.
2.April 17, 1906The Cairo BulletinCairo, IL
Click image to open full size in new tab
Article Text
SHREVEPORT BANK SUSPENDS. Shreveport, La., Apr'l 16.-The suspension of the Merchants and Farmers bank for liquidation was announced today. Its assets amount to $687,126, and liabilities $518,126.
BANK FAILS. Suspension of an Institution at Shreve port Is Announced. Shreveport, April 17.-The suspension of the Merchants and Farmers' bank for liquidation was announced by its president, A. H. Leonard. Its assets exceed its liabilities in the sum of $169,000, the assets amounting to $687,126. and its liabilities to $518,126. It announced that the depositors will be paid in full as soon as liquidation can be effected. The bank was or ganized under the state law of 1871, with a capital stock of $100,000.
SHREVEPORT, LA., BANK SUSPENDS 173 By Associated Press Shreveport , La., April 16.-The suspension of the Merchants and Farmers bank for liquidation was announced to-day by the president A H. Leonard. The assets exceed the diabilities nearly one hundred and seventy thousand dollars.
5.April 17, 1906The Paducah SunPaducah, KY
Click image to open full size in new tab
Article Text
Shreveport Bank Suspends, Shreveport, La., April 17.-The suspension of the Merchants and Farmers' bank for liquidation is announced. Its assets amount to $687,126, and liabilities $518,126.
6.April 17, 1906The San Francisco CallSan Francisco, CA
Click image to open full size in new tab
Article Text
Bank Closes Its Doors, SHREVEPORT, La., April 16.-The suspension of the Merchants' and Farmers' Bank for liquidation was announced today by its president, A. H. Leonard. The assets amount to $687,126 and the liabilities to $518,126. The depositors will be paid in full.
7.April 17, 1906The Birmingham Age-HeraldBirmingham, AL
Click image to open full size in new tab
Article Text
Shreveport Bank Suspends. Shreveport, La., April 16.-The suspension of the Merchants and Farmers' bank for liquidation was announced today by its president, A. H. Leonard. Its assets exceed its liabilities in the sum of $169,000, the assets amounting to $687,126 and its liabilities to $518,126. It is announced that the depositors will be paid in full as soon as liquidation can be effected. The bank was organized under state laws in 1891, with a capital stock of $100,000.
8.April 18, 1906Bryan Morning EagleBryan, TX
Click image to open full size in new tab
Article Text
BANK FAILS. Suspension of an Institution at Shreve port Is Announced. Shreveport, April 17.-The suspen sion of the Merchants and Farmers bank for liquidation was announced Its by its president, A. H. Leonard. assets exceed its liabilities in the sum of $169,000. the assets amounting to $687,126, and its liabilities to $518,126 It announced that the depositors will be paid in full as soon as liquidation can be effected. The bank was or ganized under the state law of 1871 with a capital stock of $100,000.
9.April 19, 1906Americus Times-RecorderAmericus, GA
Click image to open full size in new tab
Article Text
Louisiana Bank Suspends. Shreveport, La., April 18.-The suspension of the Merchants and Farmers' bank for liquidation nas been announced by its president, A. H. Leonard. Its assets exceed its liabilities in the sum of $169,000, the assets amounting to $687,126, and its liabilities to $518,126. It is announced that the depositors will be paid in full as soon as liquidation can be effected. The bank was organized under state law in 1891, with a capitar of $100,000.
10.October 23, 1906The San Francisco CallSan Francisco, CA
Click image to open full size in new tab
Article Text
INDICT BANK OFFICALS. SHREVEPORT, La., Oct. 22.-In the District Court today indictments were returned against Albert H. Leonard, P. J. Trevasant, C. S. Bauman and R. L. Mayfield, former officials of the defunct Merchants' and Farmers' Bank and Trust Company of this city, charging them with having received deposits and created debts knowing the bank to be insolvent. The bank, which had a capital of $100,000, suspended operations last April. The officials are among the most prominent citizens of Shreveport.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.