7867. First National Bank (Centerline, MI)

View Charter #13240 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
13240
Charter Number
13240
Start Date
December 31, 1932
Location
Centerline, Michigan (42.485, -83.028)

Metadata

Model
gpt-5-mini
Short Digest
0425233cef18a21f

Response Measures

None

Receivership Details

Depositor recovery rate
81.0%
Date receivership started
1932-12-30
Date receivership terminated
1938-08-27
Share of assets assessed as good
6.7%
Share of assets assessed as doubtful
84.8%
Share of assets assessed as worthless
8.4%

Description

Contemporary 1932/1933 articles report the First National Bank of Center Line failed to open/closed its doors and was placed in the hands of the Banking Department with a national examiner in charge — a suspension by banking authorities. Later 1942 court notices identify E. E. Church as receiver, confirming permanent closure/receivership. No explicit run described in the articles.

Events (4)
1. September 17, 1928 Chartered
Source
historical_nic
2. December 30, 1932 Receivership
Source
historical_nic
3. December 31, 1932 Suspension
Cause
Government Action
Cause Details
Bank failed to open by board order and was placed in charge of the State/Banking Department with the national bank examiner in charge.
Newspaper Excerpt
By order of its board of directors, the bank failed open Friday and is now in the hands of the Banking Department B. M Flynn National bank examiner, is in charge.
Source
newspapers
4. April 13, 1942 Receivership
Newspaper Excerpt
FIRST NATIONAL BANK of Center Line, Michigan ... and E. E. CHURCH, Receiver of First National Bank of Center Line, Michigan. ... Decree ... made and entered on the 13th day of April, A. D. 1942, ... I ... shall sell at Public Auction ... May 9, 1942 ... Dated: May 9, 1942. (court notices listing E. E. Church as Receiver).
Source
newspapers

Newspaper Articles (9)
1. January 1, 1933 The Escanaba Daily Press Escanaba, MI
Article from The Escanaba Daily Press, January 1, 1933

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Article Text

13 Men Arrested By Customs Agents Detroit. Jan. men arrested by customs border patrolmen who reported the seizure of 400 cases of beer and quantity of whiskey near Grosse Ile were arraigned Saturday before U S. Commissioner J. Stan ley Hurd. Five men were released and eight released under bonds for examination January 12. BANK IS CLOSED Mt Clemens, Mich. Jan. The First National Bank of Center Line, Mich. failed to open for business Saturday Frank J. Wiegand. president of the institution is supervisor from Warren township.

2. January 1, 1933 Detroit Free Press Detroit, MI
Article from Detroit Free Press, January 1, 1933

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Article Text

DENVER MINT REPORTS '32 PROSPEROUS YEAR DENVER, Dec. 31-(A. P.)--The Denver Mint has had a prosperous Completing Its busiest year since 1928, the Federal depository and mint has handled deposits of gold and silver to total of $15,997,266. which is $285,813 more than last year. Frank E. Shepard, mint supersaid. New gold and silver received in 1932 was about $500.000 more than year ago and about $800,000 more than deposits in 1929. CENTER LINE BANK CLOSES MT CLEMENTS, Dec. 31-Another south-end Macomb County bank has closed its doors It is the First National Bank of Center Line. By order of its board of directors, the bank failed open Friday and is now in the hands of the Banking Department B. M Flynn National bank examiner, is in charge. Frank J. Weigand, supervisor of Warren Township, is president of the bank. New York Clearing House NEW and profits ending

3. May 16, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, May 16, 1942

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Article Text

STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY NORBERT RINKE. EDGAR RINKE and GEORGE RINKE. Plaintiffs, vs. JOHN BROZOWSKI and MARY BROZOWSKI, his wife. FIRST NATIONAL BANK of Center Line, Michigan, a corporation organized under the laws of the United States of America. and E. E. CHURCH, Receiver of First National Bank of Center Line, Michigan, Defendants. No. 12295 NOTICE OF SALE In pursuance of a Decree of the Circuit Court for the county of Macomb. In Chancery. made and entered on the 13th day of April, A. D. 1942. in the above entitled cause. I. the subscriber. a Circuit Court Commissioner for the County of Macomb. shall sell at Public Auction to the highest bidder at the Westerly or Gratiot Avenue entrance of the Macomb

4. May 23, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, May 23, 1942

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Article Text

STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY NORBERT RINKE, EDGAR RINKE and GEORGE RINKE, Plaintiffs, vs. JOHN BROZOWSKI and MARY BROZOWSKI. his wife, FIRST NATIONAL BANK of Center Line, Michigan. a corporation organized under the laws of the United States of America. and E. E. CHURCH. Receiver of First National Bank of Center Line, Michigan, Defendants. No. 12295 NOTICE OF SALE In pursuance of a Decree of the Circuit Court for the county of Macomb. In Chancery. made and entered on the 13th day of April, A. D. 1942, in the above entitled cause, I, the subscriber. a Circuit Court Commissioner for the County of Macomb. shall sell at Public Auction to the highest bidder at the Westerly or Gratiot Avenue entrance of the Macomb County Building. in the City of Mount Clemens, in said County of Macomb. on the 27th day of June, A. D. 1942, at eleven o'clock in the forenoon of that day. all those certain lands and premises situate and being in the Township of Warren. County of Macomb and State of Michigan, described as follows, towit: The W. 1/2 of the E. ½ of the S. E. 1/4 of Section 7 in T. 1 North of Range 12 East, being 40 acres of land more or less. Except a strip of land 12 rods wide E. and W. 80 rods long N. and S. lying in the S. E. corner of the W. 1/2 of the E. ½ of the S. E. ½ of Sec. 7 containing 6 acres from center of Road. MALCOLM E. TROMBLEY, Circuit Court Commissioner. Dated: May 9, 1942. May 16, 23, 30, June 6, 13, 20, 27-M-L or O

5. May 29, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, May 29, 1942

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Article Text

STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY NORBERT RINKE, EDGAR RINKE and GEORGE RINKE, Plaintiffs, vs. JOHN BROZOWSKI and MARY BROZOWSKI. his wife, FIRST NATIONAL BANK of Center Line, Michigan. a corporation organized under the laws of the United States of America. and E. E. CHURCH, Receiver of First National Bank of Center Line, Michigan. Defendants. No. 12295 NOTICE OF SALE In pursuance of a Decree of the Circuit Court for the county of Macomb. In Chancery. made and entered on the 13th day of April, A. D. 1942, in the above entitled cause, I. the subscriber, a Circuit Court Commissioner for the County of Macomb, shall sell at Public Auction to the highest bidder at the Westerly or Gratiot Avenue entrance of the Macomb County Building, in the City of Mount Clemens, in said County of Macomb. on the 27th day of June, A. D. 1942. at eleven o'clock in the forenoon of that day, all those certain lands and premises situate and being in the Township of Warren. County of Macomb and State of Michigan, described as follows, towit: The W. ½ of the E. 1/2 of the S. E. 1/4 of Section 7 in T. 1 North of Range 12 East, being 40 acres of land more or less. Except a strip of land 12 rods wide E. and W. 80 rods long N. and S. lying in the S. E. corner of the W. 1/2 of the E. ½ of the S. E. 1/4 of Sec. 7 containing 6 acres from center of Road. MALCOLM E. TROMBLEY, Circuit Court Commissioner. Dated: May 9, 1942. May 16, 23, 30, June 6, 13, 20, 27-M-L OF MICHICAN

6. June 6, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, June 6, 1942

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Article Text

Legal Notices CLARA M. LOC STATE OF MICHIGAN DAVIS; FISK I IN THE CIRCUIT COURT FOR THE FISK C. DAVI COUNTY OF MACOMB WALTER G. PHF IN CHANCERY EZREE B. THR NORBERT RINKE, EDGAR RINKE EZRA B. THRO and GEORGE RINKE, DOROTHY BEN Plaintiffs, DOLLY BENNE vs. also known as JOHN BROZOWSKI and MARY BROCHAUNCEY A. ZOWSKI, his wife, FIRST NATIONAL CHANCEY A. 1 BANK of Center Line, Michigan, a corpHENSON, also k oration organized under the laws of the HANSEN; CHRIST United States of America, and E. E. also known as K CHURCH, Receiver of First National SEN and CHRIS Bank of Center Line, Michigan, HUGH W. SMITH Defendants. SMITH and HU No. 12295 DETRICH. also k NOTICE OF SALE RICH; CHARLES In pursuance of a Decree of the Ciras CHARLES G. cuit Court for the county of Macomb, In BOTT: CHAUN Chancery, made and entered on the 13th JOSEPH L. KEI day of April, A. D. 1942, in the above heirs, devisees, entitled cause, I. the subscriber, a Circuit each of said nam Court Commissioner for the County of Macomb, shall sell at Public Auction to the highest bidder at the Westerly or ORDER FC Gratiot Avenue entrance of the Macomb At a session of County Building, in the City of Mount Court Room in t) Clemens, in said County of Macomb. on ens on the 30th the 27th day of June, A. D. 1942, at Present: HON eleven o'clock in the forenoon of that Circuit Judge. day, all those certain lands and premises In this cause, 1 situate and being in the Township of of complaint on Warren. County of Macomb and State Lydia Garvin; L of Michigan, described as follows, toknown as L. r wit: Harbach: Lydia The W. 1/2 of the E. 1/2 of the S. E. nett; Mary E. Co 1/4 of Section 7 in T. 1 North of Range Mary M. Terwil 12 East, being 40 acres of land more also known as or less. Except a. strip of land 12 rods McKennon, also wide E. and W. 80 rods long N. and non: Jonathan : S. lying in the S. E. corner of the W. as Jonathan Terv 1/2 of the E. ½ of the S. E. 1/4 of Sec. also known as 7 containing 6 acres from center of Brabbs, also kno Road. and Phoebe Bra MALCOLM E. TROMBLEY, Sarah Ann Sno Circuit Court Commissioner. also known as Dated: May 9, 1942. Hewett, also kr May 16, 23, 30, June 6, 13, 20, 27-M-L William M. Smith

7. June 13, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, June 13, 1942

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Article Text

JOHN BROZOWSKI and MARY BROZOWSKI, his wife, FIRST NATIONAL BANK of Center Line, Michigan, a corporation organized under the laws of the United States of America, and E. E. CHURCH, Receiver of First National Bank of Center Line, Michigan, Defendants.

8. June 20, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, June 20, 1942

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Article Text

STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY NORBERT RINKE, EDGAR RINKE and GEORGE RINKE, Plaintiffs, vs. JOHN BROZOWSKI and MARY BROZOWSKI, his wife, FIRST NATIONAL BANK of Center Line, Michigan, a corporation organized under the laws of the United States of America, and E. E. CHURCH, Receiver of First National Bank of Center Line, Michigan, Defendants. No. 12295 NOTICE OF SALE In pursuance of a Decree of the Circuit Court for the county of Macomb, In Chancery, made and entered on the 13th day of April, A. D. 1942, in the above entitled cause, I, the subscriber, a Circuit Court Commissioner for the County of Macomb, shall sell at Public Auction to the highest bidder at the Westerly or Gratiot Avenue entrance of the Macomb County Building, in the City of Mount Clemens, in said County of Macomb. on the 27th day of June, A. D. 1942, at eleven o'clock in the forenoon of that day, all those certain lands and premises situate and being in the Township of Warren, County of Macomb and State of Michigan, described as follows, towit: The W. 1/2 of the E. 1/2 of the S. E. 1/4 of Section 7 in T. 1 North of Range 12 East, being 40 acres of land more or less. Except a strip of land 12 rods wide E. and W. 80 rods long N. and S. lying in the S. E. corner of the W. ½ of the E. ½ of the S. E. 1/4 of Sec. 7 containing 6 acres from center of Road. MALCOLM E. TROMBLEY, Circuit Court Commissioner. Dated: May 9, 1942. May 16, 23, 30, June 6, 13, 20, 27-M-L STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY

9. June 27, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, June 27, 1942

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Article Text

STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY NORBERT RINKE, EDGAR RINKE and GEORGE RINKE, Plaintiffs, vs. JOHN BROZOWSKI and MARY BROZOWSKI, his wife, FIRST NATIONAL BANK of Center Line, Michigan, a corporation organized under the laws of the United States of America, and E. E. CHURCH, Receiver of First National Bank of Center Line, Michigan, Defendants. No. 12295 NOTICE OF SALE In pursuance of a Decree of the Circuit Court for the county of Macomb, In Chancery, made sand entered on the 13th day of April, A. D. 1942, in the above entitled cause, I, the subscriber, a Circuit Court Commissioner for the County of Macomb, shall sell at Public Auction to the highest bidder at the Westerly or Gratiot Avenue entrance of the Macomb County Building, in the City of Mount Clemens, in said County of Macomb. on the 27th day of June, A. D. 1942, at eleven o'clock in the forenoon of that day, all those certain lands and premises situate and being in the Township of Warren, County of Macomb and State of Michigan, described as follows, towit: The W. 1/2 of the E. 1/2 of the S. E. 1/4 of Section 7 in T. 1 North of Range 12 East, being 40 acres of land more or less. Except a strip of land 12 rods wide E. and W. 80 rods long N. and S. lying in the S. E. corner of the W. 1/2 of the E. ½ of the S. E. 1/4 of Sec. 7 containing 6 acres from center of Road. MALCOLM E. TROMBLEY, Circuit Court Commissioner. Dated: May 9, 1942. May 16, 23, 30, June 6, 13, 20, 27-M-L