Farmers & Merchants Bank (Gordon, GA)

Episode Information

Episode UID
64098271547
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
6409827 routing
Routing Number
64-0982
Start Date
November 27, 1928
Location
Gordon, Georgia (32.882, -83.332)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
956749467074cdac

Response Measures

None

Events (2)
1. November 27, 1928 Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the failure of the Fourth National Bank of Macon and the resulting regional financial scare.
Newspaper Excerpt
The institutions were closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon bank.
Source
newspapers
2. November 28, 1928 Suspension
Cause
Local Banks
Cause Details
Closed after heavy runs induced by the collapse of the Fourth National Bank of Macon which produced a regional panic.
Newspaper Excerpt
Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National Bank of Macon ... Farmers & Merchants Bank of Gordon ... The institutions were closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon bank.
Source
newspapers

Newspaper Articles (10)
1. November 28, 1928 The Birmingham Post Birmingham, AL
Article from The Birmingham Post, November 28, 1928

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Article Text

EIGHT GEORGIA BANKS CLOSED Institution Drags Small Ones Down United MACON, Nov. 28. Eight small Georgia banks were closed today result of failure bank, Macon, with listed reof more than With the exception the Citizens' bank, of Fort Valley, capitalized at other institutions, Bank of Byronville, Irwinton bank, Bank of Preston, Citizens' Bank company, of Culloden, Bank of Bradley, Farmers' Merchants' bank, of Gordon, Farmers' bank, of at from $15,000 to were closed aftheavy runs due to the scare that followed ing of the Macon bank. All the banks are located in the Georgia peach With Clyde J. Edwards in charge of an audit, and Claude Gilbert, named of the Fourth National plans under today to adjust affairs could be cared for. Exact cause of the run was concealed, altho circles said recent investments had turned out poorly.

2. November 28, 1928 Pasadena Star-News Pasadena, CA
Article from Pasadena Star-News, November 28, 1928

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Article Text

EIGHT BANKS CLOSE IN GEORGIA PEACH BELT Failure of Macon Institution Is Cause of Run on Accounts MACON, Ga., Nov. small closed today as result the failure Monday of the Fourth National Bank Macon, listed resources of more than $11,000.000. With the exception of the CitiBank Fort Valley, talized at the other insti- capiBank Byronville, Irwinton Bank, Bank of Preston, Citizens Bank Company of CulloBank of Bradley, Farmers & Merchants Bank Gordon and Farmers Bank italized from $15,000 to $25,- The institutions closed were heavy Tuesday due financial followed closing the Macon bank. All banks are located in the Geopeach belt. Exact cause the run was conrealed. although financial circles recent investments had turned poorly.

3. November 28, 1928 The Pittsburgh Press Pittsburgh, PA
Article from The Pittsburgh Press, November 28, 1928

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Article Text

NINE BANKS CLOSED Eigh Shut After Collapse of One in Macon. By The United Press. Macon, Ga., Nov. 28.-Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National Bank of Macon, with listed resources of more than $11,000,000. With the exception of the Citizens Bank of Fort Valley, capitalized at $100,000, the other institutions. the Bank of Byronville Irwinton Bank, Bank Preston. Citizens Bank Co. of Culloden, Bank Bradley, Farmers &, Merchants Bank of Gordon and Farmers Bank of were capitalized at from $15,000 to $25,000. The institutions were closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon bank. All the banks were located in the Georgia peach belt.

4. November 28, 1928 The Brooklyn Daily Times Brooklyn, NY
Article from The Brooklyn Daily Times, November 28, 1928

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Article Text

EIGHT MORE BANKS CLOSE IN GEORGIA Failures in Peach Belt Due to Collapse Yesterday of $11,000,000 Institution. Macon. Ga., Nov. 28.-Eight small Georgia banks closed today as the failure Monday of the Fourth National Bank of Macon, with listed resources of more than With the of the Citizens Bank of Fort Valley capitalized at the other institutions, the Bank of Byronville, Irwinton Bank, Bank of Preston, Citizens Bank Company of Culloden, Bank of Bradley Farmers Merchants Bank of Gordon, and Farmers Bank of Byron were capitalized at from to The institutions closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon All he banks located in the Georgia peach With Clyde J. Edwards in charge of an audit, and Claude Gilbert. named receiver the Fourth National here. plans today to adjust affairs so creditors could be cared for. Exact cause of the run was con. although financial circles said investments had turned out poorly. The Brooklyn Times will be published tomorrow, Thanksgiving Day.

5. November 28, 1928 The Brooklyn Daily Times Brooklyn, NY
Article from The Brooklyn Daily Times, November 28, 1928

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Article Text

EIGHT MORE BANKS CLOSE IN GEORGIA Failures in Peach Belt Due to Collapse Yesterday of 000,000 Institution. Macon, Ga., Nov. Georgia closed today of the failure Monday of the Fourth National Bank Macon, with tisted resources of more than With the exception of the Citizens Bank Fort Valley, capitalized at $100,000. the other institutions, the Bank of Byronville, Irwinton Bank. Bank of Preston, Bank Company of Culloden, Bank of Bradley, Farmers and Merchants Bank Gordon, and Farmers Bank of Byron were capitalized at from The institutions closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon bank. All he banks are located in the With Clyde Edwards in charge the Fourth Na. tional here, plans under today to affairs so creditors cared Exact cause the run was concircles said investments had turned out poorly.

6. November 28, 1928 The Brooklyn Daily Times Brooklyn, NY
Article from The Brooklyn Daily Times, November 28, 1928

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Article Text

EIGHT MORE BANKS CLOSE IN GEORGIA Failures in Peach Belt Due to Collapse Yesterday of $11,000,000 Institution. Macon, Ga., Nov. small Georgia banks closed today as the failure Monday of the Fourth National Bank of Macon, with listed resources of more than $11,000,000. With the exception of the Citizens Bank Fort Valley, capitalized at the other institutions, the Bank of Byronville, Irwinton Bank, Bank Preston, Citizens Bank Company Culloden, Bank of Bradley, Farmers Merchants Bank of Gordon, Farmers Bank of Byron were capitalized at from $15,000 to The institutions were closed after heavy runs due the financial that followed closing of the bank. All he banks located in the With Clyde Edwards in charge of an audit, Gilbert, named receiver of the Fourth National here, plans under today to adjust affairs so creditors cared for Exact cause of the run concealed, although circles recent turned out poorly.

7. November 28, 1928 The Ogden Standard-Examiner Ogden, UT
Article from The Ogden Standard-Examiner, November 28, 1928

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Article Text

EIGHT BANKS CLOSE WHEN ONE FAILS MACON, Ga., Nov. Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National bank of Macon. with listed resources of more than With the exception of the Citizens' bank of Fort Valley. capitalized at $100,000. the other institutions. the Bank of Byronville, Irwinton bank, Bank of Preston, Citizens Bank company of Culloden, Bank of Bradley, Farmers and Merchants' Bank of Gordon, and Farmers' Bank of Byron capitalized at from $15,000 to $25,000. The institutions were closed after heavy runs Tuesday due to the financial scare that followed closIng of the Macon bank All the banks located the Georgia peach belt. Exact cause of the run was con. cealed, although financial circles said recent investments had turned out, poorly.

8. November 29, 1928 The Anniston Star Anniston, AL
Article from The Anniston Star, November 29, 1928

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Article Text

EIGHT SMALL GEORGIA BANKS CLOSE DOORS Failure Of Fourth National Of Macon Brings Collapse To Others small Georgia banks were closed today as result of the failure Monday of the Fourth National bank of Macon. with listed resources of more than $11,000,000. -With the exception of the citizens bank of Fort Valley, capitalized at $100,000 the other institutions, the Bank of Byronville, Irwinton bank, Bank of Preston Citizens Bank company of Culloden Bank of Bradley, Farmers and Merchants Bank of Gordon, and Farmers Bank of Byron were capitalized at from $15,000 to $25,000. The institutions were closed after heavy runs Tuesday due to a financial scare that followed closing of the Macon bank. All the banks were located in the Georgia peach belt. With Clyde J. Edwardson in charge of an audit. and Claude Gilbert named as receiver of the Fourth National here. plans were under way today to adjust affairs so creditors could be cared for, Exact cause of the run was concealed, although financial circles said recent investments had turned out poorly. There are 47 public swimmingbaths in London and 3,995,915 people bathed in them in 1926-the last year for which complete figures are available.

9. November 29, 1928 The Marshall News Messenger Marshall, TX
Article from The Marshall News Messenger, November 29, 1928

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Article Text

Eight Georgia Banks Fail To Open Wednesday Atlanta Nov Eight small Georgia banks today result the Monday the Fourth National Bank with listed than With the exception of the zens Bank Fort capital the other Bank of Preston. Citizens Bank Company Culloden: Bank Farmers and Mer Bank of Gordon: and Farm Bank of Byron from $15,000 to $25,000 institutions closed ter heavy runs Tuesdav due the financial that followed the Macon bank All the banks located the eGorgia belt FOUND NOT GUILTY Texas. Nov. 28. Police Chief Pat Sullivan, against whom charges of inefficiency were preferred by Fire and Police Commissioner Frank Mellina, found "not guilty" by City Council. He will retain his position.

10. November 29, 1928 The Altus Times-Democrat Altus, OK
Article from The Altus Times-Democrat, November 29, 1928

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Article Text

EIGHT GEORGIA BANKS CLOSED MACON. Ga. Nov. Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National Bank of with listed resources of more than With the exception of the Citizens bank of Fort Valley, capitalized $100,000. other institutions. the bank of Byronville and Bank of Irwinton: Bank of Preston. Citizens Bank company of Culloden. Bank of Bradley, Farmers and Merchants Bank of Gordon. and Farmers bank of Byron were capitalized at from $15,000 $25,000 The institutions were closed after heavy runs Tue day due to the financial scare that followed closing of the Macon bank