Merchants & Farmers Bank (Oxford, MS)

Episode Information

Episode UID
85018171369
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8501817 routing
Routing Number
85-0181
Start Date
January 8, 1914
Location
Oxford, Mississippi (34.362, -89.528)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b99c49698405aaf7

Response Measures

None

Events (4)
1. January 8, 1914 Receivership
Newspaper Excerpt
E. O. Davidson ... and J. F. Matthews, cashier of the bank, were named receivers and made surety bond of $28,000 before Chancellor James G. McGowan.
Source
newspapers
2. January 8, 1914 Suspension
Cause
Voluntary Liquidation
Cause Details
Retirement of the president and stringency of the money market led to closing and liquidation.
Newspaper Excerpt
OXFORD BANK GOES INTO THE HANDS OF RECEIVERS ... The Merchants and Farmers' Bank, of this city ... went into liquidation today.
Source
newspapers
3. February 25, 1915 Other
Newspaper Excerpt
RECEIVERS DECLARE DIVIDEND. ... receivers for the defunct Merchants and Farmers Bank ... have recently declared a twenty-five per cent dividend for the depositors.
Source
newspapers
4. May 12, 1919 Other
Newspaper Excerpt
on the twelfth day of May, 1919, at eleven A. M., ... will sell at public outcry to the highest bidder for cash, all remaining accounts, notes, and other assets of the Merchants and Farmers Bank of Oxford, Mississippi.
Source
newspapers

Newspaper Articles (12)
1. January 10, 1914 The Semi-Weekly Leader Brookhaven, MS
Article from The Semi-Weekly Leader, January 10, 1914

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Article Text

OXFORD BANK GOES INTO THE HANDS OF RECEIVERS Oxford, Miss., Jan. 8. - The Merchants and Farmers' Bank, of this city, capitalized at $68,000, went into liquidation today. Retirement of the president, W. E Porter, who severed his connection from the institution recently on account of ill-health and the stringency of the money market, were given as causes for the closing of the doors of the institution. The bank was organized in 1889 and has always been a financial power in this part of Mississippi. Officers of the institution state that assets will exceed the liabilities by $80,000. E. 0. Davidson, a director, and J. F. Matthews, cashier of the bank, were named receivers and made surety bond of $28,000 before Chancellor James G. McGowan. A detailed statement of the bank's affairs is promised tomorrow.

2. April 9, 1914 Oxford Eagle Oxford, MS
Article from Oxford Eagle, April 9, 1914

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Article Text

Notice to Creditors of Merchants and Farmers Bank. The receivers of the Merchants and Farmers Bank of Oxford, Mississippi, will at the May term of the Chancery Court of Lafayette county, Mississippi, which convenes on the Fourth Monday or the 25th. day of said month of May, make application to said Court asking for approval and allowance of the claims of depositors and creditors of said Bank in such amounts as are shown on the books of said bank to be due to such depositor or creditor. Any one who is not satisfied with the correctness of his account as shown by the books of said Bank may at said term present on the first day there of any other or different account for examination and allowance by the Court. Those who are satisfied with their accounts as they stand on the books of said Bank are not called upon to take any action under this notice. E. O. DAVIDSON, J. F. MATTHEWS. Receivers of Merchants & Farmers Bank.

3. May 21, 1914 Oxford Eagle Oxford, MS
Article from Oxford Eagle, May 21, 1914

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Article Text

Chancery court, meets here next Monday, May 25th. There are only a few important matters to come up at this term, but the most important matter will be the report of the receivers of the defunct Merchants & Farmers Bank.

4. May 28, 1914 Oxford Eagle Oxford, MS
Article from Oxford Eagle, May 28, 1914

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Article Text

Notice to Time Depositors. All holders of Time Deposit Certificates in the Merchants & Farmers Bank are required to present their certificates for allowance of the authorized 20 per cent dividend on June 1st., 1914. The dividend cannot be paid without certificates being presented E. O. DAVIDSON, J.F. MATTHEWS, Receivers.

5. February 25, 1915 The Hattiesburg News Hattiesburg, MS
Article from The Hattiesburg News, February 25, 1915

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Article Text

RECEIVERS DECLARE DIVIDEND. Oxford, Miss., Feb. 25.-E. O. Davidson and J. T. Mathews, receivers for the defunct Merchants and Farmers Bank at Oxford, have recently declared a twenty-five per cent dividend for the depositors. This is the second dividend declared since the bank closed its doors more than a year ago. Depositors have received fifty per cent of their deposits and the receivers claim they will be able to pay in full as soon as industrial conditions are normal. The liabilities are $80,000 while the assets are set at $120,000.

6. June 24, 1915 Oxford Eagle Oxford, MS
Article from Oxford Eagle, June 24, 1915

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Maj. L. E. Oldham has bought from the Receivers, the entire furniture and fixtures of the old Merchants & Farmers Bank. The plans and intentions of the Major in regard to the disposition of this complete banking equipment or the occupancy of the building which he has owned for some years, are not known, but the location is such a favorable one, having been occupied by the defunct banking institution for some 35 years, it is thought that possibly a new bank is contemplated. This is denied by Maj. Oldham. who is, and has been for many years, the Vice-president of the Bank of Oxford.

7. April 24, 1919 Oxford Eagle Oxford, MS
Article from Oxford Eagle, April 24, 1919

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Article Text

SALE OF ASSETS OF MERCHANTS AND FARMERS BANK. Pursuant to a decree of the Chancery Court of Lafayette County, Mississippi, rendered on November 26, 1918, we, the undersigned receivers of the Merchants and Farmers Bank of Oxford, Mississippi, on the twelfth day of May, 1919, at eleven A. M., at the South door of the county court house, will sell at public outcry to the highest bidder for cash, all remaining accounts, notes ,and other assets of the Merchants and Farmers Bank of Oxford, Mississippi. A list of said assets now in our hands is subject to the inspection of anyone interested. Apply to E. O. Davidson at the Variety Store, Oxford, Miss. This, the 23rd day of April, 1919. E. O. Davidson and J. F. Matthews, Receivers, Merchants and Farmers A24-2t Bank of Oxford, Miss.

8. January 13, 1921 Oxford Eagle Oxford, MS
Article from Oxford Eagle, January 13, 1921

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NOTICE TO ALL CREDITORS OF THE MERCHANTS AND FARMERS BANK. Notice is hereby given that on the 10th day of January, A. D. 1921, an order was made and entered in the cause entitled R. C, Carter, et al. Vs. Duke M. Kimbrough, et al. No. 4775, in the Chancery-court of Lafayette county, Mississippi, whereby the undersigned was appointed a special receiver and master in said cause, and ordered to give notice to all creditors of the Merchants and Farmers Bank, of Oxford, Lafayette county, Mississippi, that on the 24th day of January, A. D. 1921, at 10 A. M. in the office of the chancery clerk of said county and state, all the creditors of the said Merchants and Farmers Bank may present or asert any right or elaim to any part of the fund directed to be paid by said order by the defendants in said cause; Now, therefore, you are hereby notified that on said date, to wit, the 24th day of January, A. D. 1921, you may, at the place aforesaid, present your claim to me, duly sworn to, showing the amount you claim to be due you by the said Merchants and Farmers Bank. Witness my signature, this the 13, day of January, A. D. 1921. W. M. WOODWARD, Special Receiver and Master.

9. January 20, 1921 Oxford Eagle Oxford, MS
Article from Oxford Eagle, January 20, 1921

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Article Text

NOTICE TO ALL CREDITORS OF THE MERCHANTS AND FARMERS BANK. Notice is hereby given that on the 10th day of January, A. D. 1921, an order was made and entered in the cause entitled R. C. Carter, et al. Vs. Duke M. Kimbrough, et al. No. 4775, in the Chancery court of Lafayette county, Mississippi, whereby the undersigned was appointed a special receiver and master in said cause, and ordered to give notice to all creditors of the Merchants and Farmers Bank, of Oxford, Lafayette county, Mississippi, that on the 24th day of January, A. D. 1921, at 10 A. M. in the office of the chancery clerk of said county and state, all the creditors of the said Merchants and Farmers Bank may present or asert any right or claim to any part of the fund directed to be paid by said order by the defendants in said cause; Now, therefore, you are hereby notified that on said date, to wit, the 24th day of January, A. D. 1921, you may, at the place aforesaid, present your claim to me, duly sworn to, showing the amount you claim to be due you by the said Merchants and Farmers Bank. Witness my signature, this the 13, day of January, A. D. 1921. W. M. WOODWARD, Special Receiver and Master.

10. July 13, 1922 Oxford Eagle Oxford, MS
Article from Oxford Eagle, July 13, 1922

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Master, and he shall find the full sum and the names of the parties to whom shall be payable for the necessary advancement of funds in the prosecution of this suit." Now, therefore, I, the said W. M. Woodward, Special Receiver and Master in accordance with said decree do hereby notify all creditors of the Merchants and Farmers Bank, the complainants in the original bill and amendments thereto included, and the complainants of any of them who have advanced any sums necessary to the prosecution of this suit in the Supreme Court and in the chancery court for stenographers' fees and the like, to present their claim to me at my office in the court house at Oxford, Miss., for adjudication, on or before the 22nd day of July, A. D., 1922. This the 12th day of July, A. D., 1922. W. M. WOODWARD, Special Reeciver and Master. (E. July 13-1t.)

11. July 13, 1922 Oxford Eagle Oxford, MS
Article from Oxford Eagle, July 13, 1922

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NOTICE TO DEPOSITORS, CREDITORS AND STOCK HOLDERS OF THE MERCHANTS AND FARMERS BANK OF OXFORD, MISSISSIPPI. Notice is hereby given to the depositors, creditors and stockholders of the Merchants & Farmers Bank of Oxford, Mississippi, that the Supreme Court did render a decree in the case of R. C. Carter, et al. vs. Duke M. Kimbrough, et al., number 4775 in the chancery court of Lafayette county, Mississippi, and 22,029 in the Supreme Court of Mississippi, which reads in part as follows: "It is further ordered, adjudged and decreed that W. M. Woodward, special receiver and Master shall proceed to find and ascertain the true amount due each of the appellees and all other creditors in similar situation. The question of whether or not any other creditors than the complainants in the original bill and amendments thereto are entitled to share in the distribution of this fund is especially referred to the court below for decision, and each creditor is given the opportunity to present his claim to the Master above named in order that any issue which may arise between appellees and other creditors may be finally adjudicated herein. The said Woodward, Master is hereby directed and empowered to give notice for one week in a newspaper having circulation and being published in Lafayette county requiring all creditors of the Merchants and Farmers Bank to present their claims for adjudication. The said Master is further directed to make report of said claims to the court below and his report shall contain his findings as follows: First-The name and address of each of the complainants named in the original bill and the amendments thereto and the amount found to be due each from the Merchants& Farmèrs Bank as general creditors of said bank. Second-The name, address and amount due each of the general creditors of the said Merchants & Farmers Bank who are not named in the óriginal bill and amendments thereto but who asserted or petitioned a right to share in the distribution of said funds above ordered to be paid by Apellants into the court below. Third-The Master herein named shall report the names of all complainants who were stockholders in the Merchants & Farmers Bank on the date of its suspension of business, and the amount of stock held by each of said complainants on said date. Fourth-The Master shall report the names of stock holders not named as complainants in the original bill and amendments thereto who asserted somé claim or interest in the sum above ordered paid." It is further ordered, adjudged and decreed "that any sums advanced by the complainants or any of them necesasry to the prosecution of this suit in this court and the court below for stenographers' fees and the like shall file claim for same with the

12. July 20, 1922 Oxford Eagle Oxford, MS
Article from Oxford Eagle, July 20, 1922

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Article Text

TORS AND STOCK HOLDERS OF THE MERCHANTS AND FARMERS BANK OF OXFORD, MISSISSIPPI. Notice is hereby given to the depositors, creditors and stockholders of the Merchants & Farmers Bank of Oxford, Mississippi, that the Supreme Court did render a decree in the case of R. C. Carter, et al. vs. Duke M. Kimbrough, et al., number 4775 in the chancery court of Lafayette county, Mississippi, and 22,029 in the Supreme Court of Mississippi, which reads in part as follows: "It is further ordered, adjudged and' decreed that W. M. Woodward, special receiver and Master shall proceed to find and ascertain the true amount due each of the appellees and all other creditors in similar situation. The question of whether or not any other creditors than the complainants in the original bill and amendments thereto are entitled to share in the distribution of this fund is especially referred to the court below for decision, and each creditor is given the opportunity to present his claim to the Master above named in order that any issue which may arise between appellees and other creditors may be finally adjudicated herein. The said Woodward, Master is hereby directed and empowered to give notice for one week in a newspaper having circulation and being published in Lafayette county requiring all creditors of the Merchants and Farmers Bank to present their claims for adjudication. The said Master is further directed to make report of said claims to the court below and his report shall contain his findings as follows: First-The name and address of each of the complainants named in the original bill and the amendments thereto and the amount found to be due each from the Merchants& Farmers Bank as general creditors of said bank. Second-The name, address and amount due each of the general creditors of the said Merchants & Farmers Bank who are not named in the original bill and amendments thereto but who asserted or petitioned a right to share in the distribution of said funds above ordered to be paid by Apellants into the court below. Third-The Master herein named shall report the names of all complainants who were stockholders in the Merchants & Farmers Bank on the date of its suspension of business, and the amount of stock held by each of said complainants on said date. Fourth-The Master shall report the names of stock holders not named as complainants in the original bill and amendments thereto who asserted some claim or interest in the sum above ordered paid." It is further ordered, adjudged and decreed "that any sums advanced by the complainants or any of them necesasry to the prosecution of this suit in this court and the court below for stenographers' fees and the like shall file claim for same with the Master, and he shall find the full sumand the names of the parties to whom shall be payable for the necessary advancement of funds in the prosecution of this suit." Now, therefore, I, the said W. M. Woodward, Special Receiver and Master in accordance with said decree do hereby notify all creditors of the Merchants and Farmers Bank, the complainants in the original bill and amendments thereto included, and the complainants of any of them who have advanced any sums necessary to the prosecution of this suit in the Supreme Court and in the chancery