Farmers & Merchants Bank (Kingsport, TN)

Episode Information

Episode UID
87068171554
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
8706817 routing
Routing Number
87-0681
Start Date
June 11, 1929
Location
Kingsport, Tennessee (36.548, -82.562)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f899013f7e6bc110

Response Measures

None

Description

No run or depositor agitation mentioned; state banking department took charge and a receiver was named.

Events (2)
1. June 11, 1929 Suspension
Cause
Government Action
Cause Details
Failed to open and state banking department was notified and took charge.
Newspaper Excerpt
The Farmers and Merchants' bank of this city failed to open its doors this morning, and H. C. Massengill, cashier, wired the state banking department to take charge of the institution.
Source
newspapers
2. June 20, 1929 Other
Newspaper Excerpt
John B. Nall is appointed as receiver for the Farmers and Merchants Bank, doors of which were closed and the institution placed in the hands of the state banking department Tuesday, June 11.
Source
newspapers

Newspaper Articles (2)
1. June 13, 1929 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, June 13, 1929

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Article Text

BANK AT KINGSPORT FAILS TO OPEN DOORS KINGSPORT, Tenn., June 12 (AP).—The Farmers and Merchants' bank of this city failed to open its doors this morning, and H. C. Massengill, cashier, wired the state banking department to take charge of the institution. No reason was given for the bank not opening for business today. State bank examiners are expected tomorrow. Business was carried on as usual up to closing time yesterday. The bank's statement last April listed deposits of approximately $327,000.

2. June 20, 1929 Kingsport Times Kingsport, TN
Article from Kingsport Times, June 20, 1929

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Article Text

The following program will be rendered. Royal Decree March, Abelard and Heloise Overture, Avelon Town, Ballet Egyptien, Over There March, Goodbye Broadway Hello France, Southern Stars Overture, Marine Band March, Dream Mother, At Bagdads Gate, Huntress March and Star Spangled Banner JOHN B. NALL IS APPOINTED AS BANK RECEIVER Experienced Banking Executive and Realtor Will be Receiver For Farmers and Merchants Bank John B. Nall, prominent real estate and business man of Kingsport, has been appointed as receiver for the Farmers and Merchants Bank, doors of which were closed and the institution placed in the hands of the state banking department Tuesday, June 11. Mr. Nall has had wide experience in banking business, having formerly been cashier of the Bank of Kingsport and also the Farmers Bank of Sullivan County at Blountville.