7860. First State Bank (Carsonville, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 21, 1928
Location
Carsonville, Michigan (43.427, -82.671)

Metadata

Model
gpt-5-mini
Short Digest
38afbeaf6baedd4e

Response Measures

None

Description

Articles (Mar–Aug 1928) refer to Leon O. Wentworth as receiver of the First State Bank of Carsonville and describe receiver actions (suits against debtors and stockholders). Although the texts do not explicitly state the suspension date, the presence of a receiver indicates the bank had been closed and placed in receivership. No article mentions a depositor run, reopening, or continuation of operations.

Events (2)
1. March 21, 1928 Receivership
Newspaper Excerpt
Leon O Wentworth, receiver of the first State Bank of Carsonville has filed suit judgment of $597.60 ... the note and interest held by the bank against Haggerty.
Source
newspapers
2. August 4, 1928 Other
Newspaper Excerpt
suit for $1,100 filed ... by Leon Went [worth] receiver for the First State [Bank] of Carsonville ... alleged that McMullin, a stockholder of bank, has failed to pay the 100 per cent stock recently levied against all stockholders by state banking commissioner.
Source
newspapers

Newspaper Articles (2)
1. March 21, 1928 The Saginaw News Saginaw, MI
Article from The Saginaw News, March 21, 1928

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Article Text

BANK RECEIVER SEEKS $597.60 JUDGMENT (Special to The Saginaw Daily News.) BAD AXE. March 21 -Leon O Wentworth, receiver of the first State Bank of Carsonville has filed suit judgement of $597.60 of Robert Haggerty of Bad Axe. The includes note and interest held by the bank against Haggerty.

2. August 4, 1928 The Times Herald Port Huron, MI
Article from The Times Herald, August 4, 1928

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Article Text

Bank Receiver Sues Stockholder For $1100 Fred L. McMullin. 1438 Washorton street, was made defendsuit for $1,100 filed in circourt today by Leon Wentreceiver for the First State of Carsonville. R. West. irmer prosecuting attorney of anilac county, is counsel for the bill filed today it is alleged that McMullin, a stockholder f bank, has failed to pay the 100 per cent stock recently evied against all stockholders by state banking commissioner.