Merchants & Farmers Bank

Episode Information

Episode UID: 66027971504
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 6602797 routing
Routing Number: 66-0279
Start Date: April 27, 1925
Location: Rowland, North Carolina (34.537, -79.291)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: eb92fbe7627ac9b9

Response Measures

None

Description

Bank closed by state examiner after discovery of forged bills of lading; president died in an auto accident noted in same article.

Events (1)

1. April 27, 1925 Suspension

Cause: Government Action
Cause Details: Closed by chief bank examiner after discovery of forged bills of lading indicating insolvency; examiner declared bank insolvent and closed it.
Newspaper Excerpt: The Merchants and Farmers Bank closed by Chief Bank Examiner Latham Monday. The on bank insolvent, Latham discovthe form of forged bills of lading for cotton.
Source: newspapers

Newspaper Articles (1)

1. May 1, 1925 The Salisbury Post Salisbury, NC

Article from The Salisbury Post, May 1, 1925

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Article Text

Bank at Rowland Had Been Declared solvent; Plunges Into River. Rowland, May Buck, president of the Merchants and Farmers' Bank here, dead the result of an auto accident near Dillon, yesterday. The man drowned when the machine which he was driving plunged off into the Little Pee Dee bridge river. jury at Dillon late returned verdict yesterday death drowning. The man and the details the accident unknown. standing nearby stated negress that after the car left the bridge she saw the man rise to the face and then down again. The body was found on the back seat The Merchants and Farmers Bank closed by Chief Bank Examiner Latham Monday. The on bank insolvent, Latham discovthe form of forged bills of lading for cotton.