Bank of Temperance - Temperance, MI

Episode Information

Episode UID: 74086071454
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 7408607 routing
Routing Number: 74-0860
Start Date: February 11, 1921
Location: Temperance, Michigan (41.779, -83.569)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 2ae4355aa7603c69

Response Measures

None

Description

Receivership was appointed April 26, 1921 following a February robbery; bank remained closed under a receiver.

Events (2)

1. February 11, 1921 Other

Newspaper Excerpt: the robbery of the bank on Feb. 11.
Source: newspapers

2. April 26, 1921 Receivership

Newspaper Excerpt: appointed receiver on April 26. ... The receivership followed the robbery of the bank on Feb. 11.
Source: newspapers

Newspaper Articles (1)

1. August 6, 1921 South Bend News-Times South Bend, IN

Article from South Bend News-Times, August 6, 1921

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Article Text

2 TEMPERANCE BANK DEFICIT IS $27,616 Receiver of Michigan Financial Institution Charges Discrepancies. MONROE. Mich. Aug. 5.-Liabil= ities of the Bank of Temperance, of Temperance, Mich., exceed its assets by $27,616.30, according to the report filed Thursday by A. J. Wiere of Monroe, who was appointed receiver on April 26. on petition of the heirs of a former partner of the bank. The receivership followed the robbery of the bank on Feb. 11. and losses at that time were partly responsible for the difficulties alleged. The report holds Samuel Wallace, president of the bank, responsible for an overdraft of $11,989. and charged other discrepancies aggregating $3,500. The cashier of the bank, son of the president. is held responsible by the receiver for accounts aggregating $7,000. The bank has 400 depositors and it is alleged by the receiver the cash assets when the bank was closed were $145.91, while liabilities to depositors were $7.469.34.