First National Bank - Manistique, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 14280
Charter Number: 14280
Start Date: October 13, 1934
Location: Manistique, Michigan (45.958, -86.246)

Metadata

Model: gpt-5-mini
Short Digest: ff82a9fb3cc77cb0

Response Measures

None

Description

Article (Nov 30, 1934) reports the Comptroller of the Currency appointed an attorney as receiver of the First National Bank in Manistique. No run or depositor panic is described; a receiver was named and prior reorganization/asset releases (Oct 13, 1934) are mentioned. OCR errors corrected (e.g., comptroller of rency → Comptroller of Currency).

Events (3)

1. October 11, 1934 Chartered

Source: historical_nic

2. October 13, 1934 Other

Newspaper Excerpt: On October 13 of this year 60 per cent of the assets of the old bank were released to depositors in the reorganization and the establishment of the bank the First National Bank at Manistique.
Source: newspapers

3. November 30, 1934 Receivership

Newspaper Excerpt: Named Bank Receiver Nov. Johnson, Manistique attorney, received notification by wire from O'Connor, comptroller of currency that he had been appointed as receiver of the First National Bank in Manistique.
Source: newspapers

Newspaper Articles (1)

1. November 30, 1934 The Ironwood Times Ironwood, MI

Article from The Ironwood Times, November 30, 1934

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Article Text

Flyer Killed Nov. Anderson, son of and Anderson of Escanaba, was killed Madison, Wis., when an airplane struck high tension wires near the in takeoff. ball of fire airport shot out from the electric wires and caused immediate combustion of the plane's fabric. Anderson, trapped the pilot's seat, received mortal burns and died in few minutes. Clifton Dubois, 28, Madison, who flying instructions from Anderson, saved by the breaking safety strap which threw him free of the plane. Andermoved his family to Madison about eight months ago, and had been employed there autoinobile salesman, but was to have on new Sunday night. Prior Escanaba, he received his transport pilot's license, and was highly by the government inspector. The local flier had over 400 hours of flying time to his credit and held both transport and commercial licenses. Dubois was an aviation who four years ago married in the air over Madison, and recently had been receiving pointers from Mr. Anderson, who gave flying structions on Sundays. Named Bank Receiver Nov. Johnson, Manistique attorney, celved notification by wire from O'Connor, comptroller of rency that he had been appointed as receiver of the First National Bank in Manistique. the commission of Mauritz Carlson conservator of the old bank pired on the same date, Attorney Johnson will take over the trust mediately. The 18 of the remaining 40 per cent of the assets the old First National Bank in Manistique which are in the process of liquidation. On October 13 of this year 60 per cent of the assets of the old bank were released to depositors the reorganization and the establishment of the bank the First National Bank at Manistique.