Bank of Orleans - Orleans, MI

Episode Information

Episode UID: 74098771553
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 7409877 routing
Routing Number: 74-0987
Start Date: May 29, 1929
Location: Orleans, Michigan (43.069, -85.135)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: aef95358b88d5dbe

Response Measures

None

Events (2)

1. May 29, 1929 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Smothered with frozen assets leading to closure and liquidation.
Newspaper Excerpt: The bank closed May 29. 1929.
Source: newspapers

2. July 8, 1931 Receivership

Newspaper Excerpt: Obligations of the defunct Bank of Orleans, at Orleans, Mich. paid in full today when Frank R. Donovan, of Belding, receiver, mailed depositors the final 25 per cent payment.
Source: newspapers

Newspaper Articles (1)

1. July 8, 1931 Detroit Free Press Detroit, MI

Article from Detroit Free Press, July 8, 1931

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Article Text

FIREMAN'S LEG BROKEN WHILE PLAYING BALL Special The Free Press July -Assistant Fire Chief John Schroeder suffered broken while playing baseball in Detroit tonight. He was brought to the General hospital here. BANK PAYS DEPOSITORS Ionia, July Obligations of the defunct Bank of Orleans, at Orleans, Mich. paid in full today when Frank R. Donovan, of Belding. receiver, mailed depositors the final 25 per cent payment. The bank closed May 29. 1929. The institution found itself smothered with frozen assets. all of which since has been liquidated in full by Donovan. The bank was a private enterprise.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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