Newaygo County Bank (White Cloud, MI)

Episode Information

Episode UID
74050871516
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7405087 routing
Routing Number
74-0508
Start Date
April 1, 1926*
Location
White Cloud, Michigan (43.550, -85.772)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0c0e033941ca2d7d

Response Measures

None

Description

OCR errors in Article 1; dates slightly inconsistent between articles.

Events (2)
1. April 1, 1926* Receivership
Newspaper Excerpt
have to have receiver appointed by the old state bank of Freemont
Source
newspapers
2. April 26, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Delayed payments on loans weakened the bank and led to failure
Newspaper Excerpt
the Newaygo County bank White Cloud failed April 26, 1926
Source
newspapers

Newspaper Articles (2)
1. April 15, 1926 Lansing State Journal Lansing, MI
Article from Lansing State Journal, April 15, 1926

Click image to open full size in new tab

Article Text

Bank Receiver Named WHITE CLOUD. Mich., April of the Newaygo county bank, private institution, which recently closed its doors, have to have receiver appointed by the old state bank of Freemont. Delayed payments on loans are said to have caused the B. Sicles is president.

2. April 8, 1927 Battle Creek Moon-Journal Battle Creek, MI
Article from Battle Creek Moon-Journal, April 8, 1927

Click image to open full size in new tab

Article Text

DEFUNCT BANK AT BIG RAPIDS PAYS CLAIMS ficials of the township the Whit Cloud board of education, the Od Fellow lodge and numerous sma creditors who lost their deposi: when the Newaygo County bank White Cloud failed April 26, 1926 are rejoicing because of an orde by Judge Joseph Barton of BI Rapids, granting the petition of the bank receiver. the Old State ban of Fremont, to pay a 20 per cen dividend on liabilities. amounting to $44,000 Depositors whose claim were below $50 each have bee with prospects that claims not et ceeding $100 also will be cared It is expected another dividend will be declared in CO days. The waygo County bank failed about $47,000