The City Bank & Trust Company was a successor of the Merchants & Farmers Bank. There was a series of events, other than the money panic, that resulted in the closing of the Merchants & Farmers Bank. During the depression banks had no money due to the lack of confidence of its depositors. The Merchants & Farmers Bank was very liquid in assets but it was not liquid in cash terms. The Merchants & Farmers Bank closed its doors on March 5, 1933, never to reopen.
The new bank was to be called the City Bank & Trust Company of Natchitoches, Louisiana. In their reorganization, the City Bank & Trust Company took over all the assets of the prior bank. Stockholders of the old Merchant & Farmers Bank lost all their invested money. Depositors, however, were paid fifty cents per dollar on deposits and fifty cents per dollar in stock in the new bank. Thus, depositors of the Merchants & Farmers Bank became stockholders in the City Bank & Trust Company. When organized, the stock had a par value of $1.00 and there were 50,000 shares issued. The Merchants & Farmers Bank had 79 stockholders when it closed. City Bank had 354 stockholders when it opened.
Main Office
146 Rue St. Denis
Natchitoches, LA 71457
(318) 352-4416
Fax (318) 352-6272
Keyser Office & Bookkeeping
430 Keyser Avenue
Natchitoches, LA 71457
(318) 357-3729
University Office
600 University Parkway
Natchitoches, LA 71457
(318) 357-3722
Campti Office
3180 Hwy. 71
Campti, LA 71411
(318) 476-3723
Many Office
315 San Antonio Ave.
Many, LA 71449
(318) 256-4416
