7838. First National Bank (Blissfield, MI)

View Charter #11813 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
11813
Charter Number
11813
Start Date
January 1, 1931*
Location
Blissfield, Michigan (41.833, -83.862)

Metadata

Model
gpt-5-mini
Short Digest
699a93efb2ccea54

Response Measures

None

Receivership Details

Depositor recovery rate
59.5%
Date receivership started
1931-07-03
Date receivership terminated
1937-10-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
20.0%
Share of assets assessed as doubtful
79.7%
Share of assets assessed as worthless
0.2%

Description

Articles report that First National Bank of Blissfield was placed in receivership in January 1931 (Article 3) and remained under a receiver (Harold F. Johnson) through at least July 1933, when a court ordered return of funds withdrawn just before the receiver was appointed. There is no clear description of a depositor run prior to suspension in the provided texts; the bank appears to have suspended and entered receivership (closure). Dates: receivership referenced as January 1931. OCR errors in Article 1/3 were corrected for readability (e.g., receiver Harold F. Johnson; date of receivership January 1931).

Events (5)
1. August 13, 1920 Chartered
Source
historical_nic
2. January 1, 1931* Receivership
Newspaper Excerpt
Appeal ... ordering perform into the First National Bank, Blissfield, Mich., January, 1931... filed in United Circuit Court Appeals yesterday by Har[old] Johnson, bank.
Source
newspapers
3. January 1, 1931* Suspension
Cause Details
Article notes the bank was placed in receivership in January 1931; no explicit cause for the suspension (e.g., run or insolvency details) is provided.
Newspaper Excerpt
ordering performance into the First National Bank, Blissfield, Mich., January, 1931, providing pay the Union Central Life Company...
Source
newspapers
4. July 3, 1931 Receivership
Source
historical_nic
5. July 12, 1933 Other
Newspaper Excerpt
federal court jury has returned verdict ordering Kitter and the Blissfield Cooperative company to return to First National Bank of Blissfield, Mich., $3,500 which the bank's receiver, Harold F. Johnson, said Kitter withdrew after banking hours on the day before receiver was named for the bank.
Source
newspapers

Newspaper Articles (3)
1. July 13, 1933 The Flint Journal Flint, MI
Article from The Flint Journal, July 13, 1933

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Article Text

BANK RECEIVER WINNER IN Detroit, July jury in federal court here yesterverdict favor Harold the National of field. from Blissfield of which C. Kitter manager. Johnston sought claiming after banking on June June the he became He testified that Kitter was refused the money his first trip to the bank, but entered hours and obtained the funds another the in The jury Judge Ernest A O'Brien's court the money returned, for the benefit of other depositors, with five cent interest 24.

2. July 13, 1933 The Escanaba Daily Press Escanaba, MI
Article from The Escanaba Daily Press, July 13, 1933

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Article Text

MUST RETURN MONEY Detroit, July 12 federal court jury has returned verdict ordering Kitter and the Blissfield Cooperative company to return to First National Bank of Blissfield, Mich., $3.500 which the bank's receiver. Harold F. Johnson said Kitter withdrew after banking hours on the day before receiver was named for the bank. Johnson sald the money should be used for the benefit of all depositors.

3. December 3, 1933 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, December 3, 1933

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Article Text

Circuit Court Opens Tuesday Morning United States Circuit Court of Appeals will be convened for the December session of the October, 1933, term Tuesday morning with Circuit Judges Charles H. :Moorman, Louisville, Ky.; Xen Hicks, Knoxville, Tenn.; Smith Hickenlooper, and Charles Simons, Detroit, Mich., presiding. calendar Tuesday Wadsworth Electric Manufacturing Company Westinghouse Electric Manufacturing Co., and Spencer Kellogg and Sons, Inc., al., Buckeye Steamship Company, etc. Insurance Company al., Margarite Walker and Valley, vs. Arthur Adams Towing Wrecking Co. Steamship (appeal and crossFidelity Surety States, and Ella Pinkston hood Firemen and Enginemen Moskowitz Benton Davis, Trustee, etc., and Fordson Coal Company Kentucky River Coal Corporation. Bank's Receiver Appeals. Appeal from the of United States District Charles Dawson, sitting by United States trict Court Detroit, ordering perform into the First National Bank, Blissfield, Mich., January, 1931, providing paythe Union Central Life Company, Cincinnati, full of farm land in Township, Michigan, filed in United Circuit Court Appeals yesterday by HarJohnson, bank. Henry and Jennie Goll, the tract, who paid the mortgage claim. Judges Hold Conference. District Judges Benson Hough, Columbus, Robert Nevin. Circuit Judge Smith to renderthe Ohio the West Virginia Railroad Company against Interstate Washington, heard recently United District Court Columbus by the three Judges. In this action the and the railroad enjoin the from enforcing set rates fixed the Ohio Public Utilities Commission covering of coal from Southeastern Northeastern Ohio points.