Merchants Grocer Co. and Peoples Bank were located on the east side of Courthouse Square in Searcy. The bank was chartered July 6, 1889 with a capital stock of $30,000 and folded during the depression, September 30, 1931, according to the Historical Society records.
Here's another fantastic view of old buildings that were once on the square of Searcy Arkansas. This picture came from the Historical Society's web page with the quote above. The East side of the square is now home to First Security Bank. Notice the dirt streets and the fence around the court house.
The architecture of these buildings is so pleasing that I wish they'd been saved.