City Savings Bank - Detroit, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: *
Location: Detroit, Michigan (42.331, -83.046)

Metadata

Model: gpt-5-mini
Short Digest: 18ec645b6b303982

Response Measures

None

Description

Article (1902-03-20) states the Detroit City Savings Bank was obliged to suspend business when it was discovered that its vice president Andrews' indebtedness to the bank exceeded $1,000,000. OCR errors present in snippet; no explicit reopening or receivership mentioned in the provided text, so classification is suspension leading to closure (no evidence of reopening). Date of suspension not given in the excerpt.

Events (1)

1. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Discovery that vice president (Andrews) owed the bank over $1,000,000, forcing the bank to suspend business.
Newspaper Excerpt: drews, of the Detroit City Savings Bank, of which he was vice president, and which was obliged to suspend business when it was discovered that his indebtedness to the institution exceeded $1,000,000.
Source: newspapers

Newspaper Articles (1)

1. March 20, 1902 The San Juan Islander Friday Harbor, WA

Article from The San Juan Islander, March 20, 1902

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Article Text

drews, of the Detroit City Savings Bank, of which he was vice president, and which was obliged to suspend business when it was discovered that his indebtedness to the institution exceeded $1,000,000. When Andrews landed in Detroit twelve years 900 he