Farmers & Merchants Bank (Tekonsha, MI)

Episode Information

Episode UID
74107971550
Episode Type
Run โ†’ Suspension โ†’ Unsure
Bank Type
private
Bank ID
7410797 routing
Routing Number
74-1079
Start Date
February 13, 1929
Location
Tekonsha, Michigan (42.093, -84.986)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d171d23d02e1f548

Response Measures

None

Description

Sources report a run and immediate closing but give no clear follow-up on permanent failure or reopening.

Events (2)

1. February 13, 1929 Run
Cause
Bank Specific Adverse Info
Cause Details
Dissatisfaction among stockholders and co-partners precipitated withdrawals.
Measures
Bank closed doors; officers called meeting of stockholders to discuss future.
Newspaper Excerpt
The Farmers & Merchants bank at Tekonsha, closed its doors last Wednesday after run on the bank caused by dissatisfaction among the stock holders and co-partners of the institution.
Source
newspapers
2. February 13, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended operations following run and internal dissatisfaction among stockholders/co-partners; meeting of stockholders called to decide future.
Newspaper Excerpt
closed its doors Wednesday morning and officers of the bank have called meeting of stockholders to be held Wednesday afternoon to discuss the future
Source
newspapers

Newspaper Articles (3)

Article from Jackson Citizen Patriot, February 13, 1929

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Article Text

PRIVATE BANK IN TEKONSHA SUSPENDS (Special to The Citizen Patriot Tekonsha, Feb. Farmers & Merchants Bank of Tekonprivate banking which has been in for number years. closed its doors Wednesday morning and officers the bank have called meeting of stockholders to be held Wednesday afternoon to discuss the future to be This is one of the few isolated bank Southern Michigan in number of years and in circles it is said is not apt to embarrass any other


Article from The Homer Index, February 21, 1929

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Article Text

LOCAL HAPPENINGS Herman Kleist was in Albion Satur day afternoon on business. Lenten service at the Methodist Church every Wednesday at :30 p. m. Steriopticon Lecture on "Siberia" at Methodist Church Sunday at p. m. Fred Face and family have moved to a farm north of Eckford. Donald Ballentine is confined to his home by Illness. Mrs. Martha Andrews and daughter, Dorothy and Mrs. W. H. Hayden and son, Ronald were in Albion, Saturday. Mr. and Mrs. J. D. Phair were in Quincy during the week and called on the latter's mother, who is III. Mrs. Rena Brockway will entered the Maybe Literary Society on Friday, March first. Mrs. Fred Aldrich is entertaining the Presbyterian Missionary Society this Thursday afternoon Mr. and Mrs. C. A. Bunnell entertained Valentine dinner party last Thursday evening. Earl Sutton visited relatives in Battle Creek, Sunday. Charley Edwards is again on duty at the North Side Garage, after a week's illness. Spring is on the way, as the mail has numerous seed catalogues to gardeners. hTe Pythian Sisters will meet February 26, for their regular meeting at Castle Hall. Buell Hamilton and family of Union City spent Sunday at the home of his brother, Amos Hamilton and family. Mr. and Mrs. G. W. Court and Mr. and Mrs. H. P. Sherrard were in Detroit during the week. Mrs. Dell Sears of Marengo, who has been ill at the home of her son, Arza Sears, is slowly gaining. Mr. and Mrs. A. B. Miller and Mr. and Mrs. Jack Ballentine were in Jackson Sunday evening. Gilbert Smith, who has been employed at the Sparks plant in Jackson for the past several months is home for several weeks. M. H. Nichols spent the week-end at the home of Mr. and Mrs. H. L. Nichols in Jackson, returning home Monday. Mr. and Mrs. F. D. Gary and Mr. and Mrs. C. J. Waterman were in Marshall to-day on business. The Mrs. W. E. Archer Cream Station is to be re-decorated and the front re-painted. Mr. and Mrs. Marion Moore were in Batavia, Sunday evening and called on the latter's uncle, James Burke. Mr. and Mrs. Keith Sprague and Mr. and Mrs. William Truax were in Battle Creek, Sunday evening. Mrs. Mary Harrison and Eleanor Harrison of Jackson spent the weekend with Mr. and Mrs. Perry Goodwin. The Euworth League enjoyed Valenine Party at the Methodist Church last Friday evening. A large attendance with Rev. Rogers in charge. Roland Reichow of Lansing spent the week-end with his parents, Mr. and rMs. Henry Reichow. Mr. and Mrs. C. H. Leedle and son. Gerald spent Sunday with Marshall relatives. Mr. and Mrs. Vernon Shephard of Hillsdale spent Sunday with the former's parents, Mr. and Mrs. Win Shephard. T. K. Ocks and daughter. Marjane of Lansing were Sunday geusts of Mr. and Mrs. Wm. F. Hayden. Sunday. Mr. and Mrs. J. F. Crumbley and Robert Crumbley of Detroit, have returned after spending several days at the home of C. W. Hatch and wife. Mr. and Mrs. Claude Heath of Coldwater spent Sunday with Homer relatives. Mrs. Eva Harper of Hanover and and daughter, Miss Nellie Phillps of Detroit visited friends in Homer during the week. Fred Wilbur who suffered a severe stroke of appolexy weeks ago is somew improved. He is able to set up. but has no use of his right arm or leg. Mr and Mrs. Fred Marsh. Mrs. E. H. King. Mrs. P. W. Sweet and Mrs. L. R. Daniels were in Albion last Thursday evening and attended a card party at the K. of P. Hall. Mr. and Mrs. H. A. Christensen of Albion were Sunday guests of Mr. and Mrs. Laurence Smith. In the evening they motored to Jackson and attended a show. Mrs. Edna Peters entertained a company of friends last Friday evening at the home of Mr. and Mrs. S. C. Eslow Five hundred was played and a cooperative dinner was served. Delbert Thunder of Marshall was Sunday guest of Mr. and Mrs. E. W. Briggs. Mrs. Nellie Kennedy has severed her connections with the Telephone Company and is now employed at the Union Steel Products in Albion. Two full sized live butterflies in the windows of the Homer Hatchery is a sure sign of spring. And we might ask "who will see the first robin?" A. J. Madell received the message, Saturday that his sister passed away very suddenly of heart disease at the home in New York. Mr. and Mrs. A. H. Fingay of Marshall spent Sunday at the home of Mrs. Ella Snyder and daughter, Miss Harriet Snyder. Mr. and Mrs. W. H. Dorris entertained family dinner last Thursday evening in honor of the birthday of their son, Albert. Mr. and Mrs. W. F. Dorris and Mr. and Mrs. A. W. Dorris were present. Mrs. Charlotte Neibhur of Chicago, Mr. and Mrs. Leonard Snowley of Battle Creek and Mr. and Mrs. Wm. F. Walker of Tekonsha spent Saturday and Sunday at the home of Mr. and Mrs. Chas. Sloan. With Easter falling this year on March 31st, one of the earliest dates on which this great festival of the churches can ever occur, Lent began on February 13, which was Ash Wednesday. Easter last year was early, falling on April 8. J. W. Bond and wife attended the funeral Sunday of the former's grandmother Mrs. E. L. Merriman. aged 96 years, who died at her home near Hillsdale. Mr. and Mrs. S. C. Eslow and George Kelfer also attended the funeral. Burial was in the Reading cemetery. Mrs. J. C. Crane entertained the Mum Club at he home last Friday afternoon. one o'clock luncheon was served by the hostess. Guests of the club were Mrs. Mark Reichow, Mrs. A. J. Odgen and Miss Florence Allen. Mrs. Frank Ashley will entertain the club. March first. The Farmers & Merchants bank at Tekonsha, close dits doors last Wednesday after run on the bank caused by dissatisfaction among the stock holders and co-partners of the institution. It is said the depositors will be paid in full when its affairs are settled. Mrs. Florence Groesbeck entertained the Sunshine Club last Wedensday af ternoon. Two new members were added to the club, Mrs. Henry Ribbey and Mrs. Goldie Clark. The regular business was followed by a miscelleneous program. At the close of the meeting the hostess served light refreshments. Mrs. Joseph Stivecomb, 63, for many years resident of Clarendon passed away at the home of her daughter, Mrs. Dick Letts, Wednesday of last week. She is survived by her husband and two daughter, Mrs. Letts and Mrs. Lloyd Dickinson of Benton Harber, and former resident of Fisher District. A number of Homer's population are all stirred up over the prospects of striking oil near Homer. Two representatives in the oil prospecting business have visited in the rural communities near Homer and life several leases on land to farmers in the southwest part of this township to be signed, while the Idea is in the air it creates considerable of a feeling of "get-rich-quick." There are thousands of dollars spent by large oil companies each year in prospecting. Let's all hope for abundance of oil near Homer.


Article from Tri-State Alliance, February 28, 1929

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Article Text

Items of Local Interest. is to have an air mail Alvordton the Jackson and Cincinstation nati mail route. will meet with The W. John Bigbee Friday afternoon Mrs. 2:30 March, day Mrs. Bert Fox of Bryan Mr. and celebrated their golden wedding last week. niversary Delta Firemen will conduct carnaval 22-23, proceeds to the fire company. go Angola Sorosis is now in its 40th Five of the original members year. ter still active in the club. are Palmer of Hillsdale and Carl former resident of Pioneer has moved into the Wm. Coulon residence. Regular meeting of Rebekah Lodge March Please evening, Tuesday Rutheda Allen, N. G. Hillsdale Senior Class have chosen Whole class "The their play, given Feb. 28 Town's Talking, to and March Frances, the week old daughter HillsMr. and Mrs. John Carey the distinction of dale, Mich., has being born with two teeth. aged 75 died at Ermin B. Finch, his home east of Palaski Tuesday evening of last week following of from stroke. long illness resulting Soloman Fisher aged 50, baggage Waterloo the man at off truck when loadlines stepped ing baggage and broke his neck, cently. Marvin Crandall, aged about Mrs. northeast Ransom 75, residing sustained fractured hip Tuesday slipped and fell evening when she the their home. on the ice on porch Woman's Home Missionary The E. Church will Society of the afternoon two meet Wednesday Mrs. E. Quidort assist thirty with Mrs. A. H. Shafer. memby bers are urged to be present. Farmers and Merchants Bank The closed WedTekonsha, Mich., bank nesday after run Some the stock holders is said to have caused the itm. No to depositors ex pected. The town has another bank took Vern Fisher Sheriff Ragan last week from Jackson Bryan Mich. Fisher having indicted in 1923 and never located before. court ordered contribute $6.00 week to him ward the support two daughters North Bridgewater Ladies The Aid will hold an all day meeting Wednesday, March the church, Potluck dinner. Bring needles the wood and their dinner pile The next state fair will be according an Aug. nouncement just made by Perry Green, director agriculture. This be the first time in years the will state exhibition has rur annual into the month of September. Mrs. Frank Salsbury an aged lady former resdent of Amboy and township Mich., passed away at the Prattville Tuesday. De home near aunt of Mrs. Chas ceased was an Crall now of Frontier and formerly this village. Funeral the home this were conducted at Thursday by Rev. W. D. Rowland of this village. have been put under Proceedings Director way Highway Waid, looking to possible tion of the grade crossing S. H 20 east Bellevue where lives were recently lost in collision and be motor bus tween passenger The situation an with regard to correcting this dangdecidely involerous ved because of railroad crossings on both sides of the where cident occured.