8879. Farmers State Bank (Armada, MI)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 20, 1942
Location: Armada, Michigan (42.844, -82.884)

Metadata

Model: gpt-5-mini
Short Digest: bb8518f3

Response Measures

None

Description

Multiple legal notices (Jan–Feb 1942) show R. A. Carroll acting as receiver petitioning the circuit court to approve and confirm the liquidation and dissolution of The Farmers State Bank of Armada. Articles do not describe a depositor run or specific suspension actions in the text provided, but they document receivership/liquidation and final dissolution, i.e., permanent closure under a receiver. Date for the court session/petition is Jan 20, 1942 (publication Jan 23 onward).

Events (1)

1. January 20, 1942 Receivership

Newspaper Excerpt: IN THE MATTER OF THE PETITION OF R. A. CARROLL, RECEIVER OF THE FARMERS STATE BANK OF ARMADA... FOR THE ENTRY OF AN ORDER HEREIN BY SAID COURT APPROVING, RATIFYING AND CONFIRMING THE LIQUIDATION OF SAID BANK BY SAID RECEIVER AND HIS PREDECESSOR IN OFFICE, DISCHARGING SAID RECEIVER, AND DISSOLVING SAID BANKING CORPORATION.
Source: newspapers

Newspaper Articles (7)

1. January 23, 1942 The Daily Monitor Mount Clemens, MI

Article from The Daily Monitor, January 23, 1942

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2. January 23, 1942 The Daily Monitor Mount Clemens, MI

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successor receiver, of said bank. including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corporation, and for other and further relief as in said petition prayed, and It further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said parties in interest are non-resdent or absent from the State of Michigan, and their whereabouts can not be ascertained, and because of the diverse changes that have occurred in the identity of the parties interested by reason of death, transfers of interest, or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition. but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class, to-wit, common to all of the stockholders and creditors of said bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters and circumstances set forth in said petition and in due consideration thereof, IT IS HEREBY ORDERED, That each and every creditor, stockholder and other person interested in the receiver liquidation of The Farmers State Bank of Armada, of Armada, and in the discharge of said receiver and the dissolution- of the corporate existence of said The Farmers State Bank of Armada, of Armada, be and appear before this Court on Tuesday, the 24th day of February, A. D. 1942, at the Circuit Court room in the City of Mt. Clemens, State of Michigan, at 2 o'clock p. m. on said day. or as soon thereafter as counsei can be heard, and THEN AND THERE TO SHOW CAUSE, if any there be, why the prayer of said petitioner should not be granted and an order entered in said matter, approving, ratifying and confirming the receiver liquidation of The Farmers State Bank of Armada. of Armada. Michigan, and the discharge of the petitioning receiver thereof. and the final dissolution of the corporate existence of said The Farmers State Bank of Armada, of Armada. Michigan. be decreed, pursuant to the provisions of the statutes in such cases made and provided. all according to the prayer of the petition of R. A. Carroll, Receiver of said The Farmers State Bank of Armada, of Armada, Michigan, and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED. and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing, be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank, at least six days prior to the date herein fixed and designated for the hearing on said petition. and that a copy of this order be published in Mt. Clemens Daily

3. January 30, 1942 The Daily Monitor Mount Clemens, MI

Article from The Daily Monitor, January 30, 1942

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Legal Notices STATE OF MICHIGAN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY At a session of said Court, held at the Courthouse, in the City of Mt. Clemens. in said County, on the 20th day of January, A. D. 1942. Present: The Honorable Nell E. Reid, Circuit Judge. IN THE MATTER OF THE PETITION OF R. A. CARROLL. RECEIVER OF THE FARMERS STATE BANK OF ARMADA. OF ARMADA, A MICHIGAN BANKING CORPORATION, FOR THE ENTRY OF AN ORDER HEREIN BY SAID COURT APPROVING, RATIFYING AND CONFIRMING THE LIQUIDATION OF SAID BANK BY SAID RECEIVER AND HIS PREDECESSOR IN OFFICE. DISCHARGING SAID RECEIVER, AND DISSOLVING SAID BANKING CORPORATION. On reading and filing the sworn petition of R. A. Carroll, receiver of The Farmers State Bank of Armada, of Armada, Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed, and that in the exercise of its said jurisdiction. and upon due proof of the premises alleged in said petition. this Court enter an ORDER approving, ratifying and confirming the official liquidation of The Farmers State Bank of Armada, of Armada, Michigan, by said petitioner and his predecessor receiver, as receiver and successor receiver, of said bank, including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corporation, and for other and further relief as in said petition prayed, and It further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said parties in interest are non-resdent or absent from the State of Michigan, and their whereabouts can not be ascertained, and because of the diverse changes that have occurred in the identity of the parties interested by reason of death, transfers of interest, or otherwise. personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class. to-wit, common to all of the stockholders and creditors of said bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters and circumstances set forth in said petition and in due consideration thereof, IT IS HEREBY ORDERED. That each and every creditor, stockholder and other person interested in the receiver liquidation of The Farmers State Bank of Armada. of Armada, and in the discharge of said receiver and the dissolution of the corporate existence of said The Farmers State Bank of Armada, of Armada. be and appear before this Court on Tuesday, the 24th day of February, A. D. 1942, at the Circuit Court room in the City of Mt. Clemens, State of Michigan, at 3 o'clock D. m. on said day. or as soon thereafter as counsel can be heard, and THEN AND THERE TO SHOW CAUSE. if any there be. why the prayer of said petitioner should not be granted and an order entered in said matter, approving. ratifying and confirming the receiver liquidation of The Farmers State Bank of Armada, of Armada, Michigan, and the discharge of the petitioning receiver thereof. and the final dissolution of the corporate existence of said The Farmers State Bank of Armada, of Armada, Michigan. be decreed, pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of R. A. Carroll, Receiver of said The Farmers State Bank of Armada, of, Armada, Michigan, and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED, and 41rected that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing, be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank. at least six days prior to the date herein fixed and designated for the hearing on said petition, and that a copy of this order be published in Mt. Clemens Daily Monitor, a newspaper printed, published and in general circulation in the County of Macomb, State of Michigan, once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. NEIL E. HEID, Circuit Judge True Copy: GUY L. BROWN. Clerk Countersigned: GUY L. BROWN, Clerk JAMES A. GREENE, Attorney for Petitioner Address: State Office Bldg., Lansing, Michigan Jan. 23, 30; Feb. 6, 13-M Notice of Forfeiture of Land ContractTo Bernard Hassler and Bernice Hassler. his wife. 1155 Stanley Avenue De-

4. February 6, 1942 The Daily Monitor Mount Clemens, MI

Article from The Daily Monitor, February 6, 1942

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by of death, transfers of interest, or otherwise. personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class. to-wit, common to all of the stockholders and creditors of said bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters and circumstances set forth in said petition and in due consideration thereof. IT IS HEREBY ORDERED. That each and every creditor, stockholder and other person interested in the receiver liquidation of The Farmers State Bank of Armada, of Armada, and in the discharge of said receiver and the dissolution of the corporate existence of said The Farmers State Bank of Armads, of Armada. be and appear before this Court on Tuesday, the 24th day of February, A. D. 1942, at the Circuit Court room in the City of Mt. Clemens, State of Michigan, at 2 o'clock D. m. on said day, or as soon thereafter as counsel can be heard, and THEN AND THERE TO SHOW CAUSE, if any there be. why the prayer of said petitioner should not be granted and an order entered in said matter, approving. ratifying and confirming the receiver liquidation of The Farmers State Bank of Armada. of Armada. Michigan, and the discharge of the petitioning receiver thereof, and the final dissolution of the corporate existence of said The Farmers State Bank of Armada, of Armada, Michigan, be decreed, pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of R. A. Carroll, Receiver of said The Farmers State Bank of Armada, of Armada, Michigan, and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED, and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing, be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank. at least six days prior to the date herein fixed and designated for the hearing on said petition, and that a copy of this order be published in Mt. Clemens Daily Monitor, a newspaper printed, published and in general circulation in the County of Macomb, State of Michigan. once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. NEIL E. REID. Circuit Judge True Copy: GUY L. BROWN, Clerk Countersigned: GUY L. BROWN, Clerk JAMES A. GREENE, Attorney for Petitioner Address: State Office Bldg., Lansing, Michigan Jan. 23, 30; Feb. 6, 13-M

5. February 6, 1942 The Daily Monitor Mount Clemens, MI

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STATE OF MICHIGAN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY At a session of said Court. held at the Courthouse, in the City of Mt. Clemens, in said County, on the 20th day of January, A. D. 1942. Present: The Honorable Neil E. Reid, Circuit Judge. IN THE MATTER OF THE PETITION OF R. A. CARROLL, RECEIVER OF THE FARMERS STATE BANK OF ARMADA, OF ARMADA, A MICHIGAN BANKING CORPORATION, FOR THE ENTRY OF AN ORDER HEREIN BY SAID COURT APPROVING, RATIFYING AND CONFIRMING THE LIQUIDATION OF SAID BANK BY SAID RECEIVER AND HIS PREDECESSOR IN OFFICE, DISCHARGING SAID RECEIVER, AND DISSOLVING SAID BANKING CORPORATION. a On reading and filing the sworn petition of R. A. Carroll, receiver of The Farmers State Bank of Armada, of Armada, Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed, and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition, this Court enter an ORDER approving, ratifying and confirming the official liquidation of The Farmers State Bank of Armada, of Armada. Michigan, by said petitioner and his predecessor receiver, as receiver and successor receiver, of ..aid bank, including the official discharge of said titioning receiver and decreeing dissolution of the corporate existence of said and banking corporation, and for other further relief as in said petition prayed, and It turther appearing from said petition that by reason of the multiplicity of the parties interest in said matter and that many of said parties in interare from the of not be ascertained. diverse changes have the

6. February 13, 1942 The Daily Monitor Mount Clemens, MI

Article from The Daily Monitor, February 13, 1942

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STATE OF MICHIGAN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB IN CHANCERY At a session of said Court, held at the Courthouse, in the City of Mt. Clemens, in said County, on the 20th day of January, A. D. 1942. Present: The Honorable Neil E. Reid, Circuit Judge. IN THE MATTER OF THE PETITION OF R. A. CARROLL, RECEIVER OF THE FARMERS STATE BANK OF ARMADA, OF ARMADA, A MICHIGAN BANKING CORPORATION, FOR THE ENTRY OF AN ORDER HEREIN BY SAID COURT APPROVING, RATIFYING AND CONFIRMING THE LIQUIDATION OF SAID BANK BY SAID RECEIVER AND HIS PREDECESSOR IN OFFICE, DISCHARGING SAID RECEIVER, AND DISSOLVING SAID BANKING CORPORATION. On reading and filing the sworn petition of R. A. Carroll, receiver of The Farmers State Bank of Armada, of Armada, Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed, and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition, this Court enter an ORDER approving, ratifying and confirming the official liquidation of The Farmers State Bank of Armada, of Armada. Michigan, by said petitioner and his predecessor receiver, as receiver and successor receiver, of Laid bank, including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corporation, and for other and further relief as in said petition prayed, and It further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said parties in interest are non-resdent or absent from the State of Michigan, and their whereabouts can not be ascertained, and because of the diverse changes that have occurred in the identity of the parties interested by reason of death, transfers of interest, or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class, to-wit, common to all of the stockholders and creditors of said bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters and circumstances set forth in said petition and in due consideration thereof, IT IS HEREBY ORDERED, That each and every creditor, stockholder and other person interested in the receiver liquidation of The Farmers State Bank of Armada, of Armada, and in the discharge of said receiver and the dissolution of the corporate existence of said The Farmers State Bank of Armada, of Armada, be and appear before this Court on Tuesday, the 24th day of February, A. D. 1942, at the Circuit Court room in the City of Mt. Clemens, State of Michigan, at 2 o'clock p. m. on said day, or as soon thereafter as counsel can be heard, and THEN AND THERE TO SHOW CAUSE, if any there be, why the prayer of said petitioner should not be granted and an order entered in said matter, approving, ratifying and confirming the receiver liquidation of The Farmers State Bank of Armada, of Armada, Michigan, and the discharge of the petitioning receiver thereof, and the final dissolution of the corporate existence of said The Farmers State Bank of Armada, of Armada, Michigan, be decreed, pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of R. A. Carroll, Receiver of said The Farmers State Bank of Armada, of Armada, Michigan, and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED, and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing, be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank, at least six days prior to the date herein fixed and designated for the hearing on said petition, and that a copy of this order be published in Mt. Clemens Daily Monitor, a newspaper printed, published and in general circulation in the County of Macomb, State of Michigan, once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. NEIL E. REID, Circuit Judge True Copy: GUY L. BROWN, Clerk Countersigned: GUY L. BROWN, Clerk JAMES A. GREENE. Attorney for Petitioner Address: State Office Bldg., Lansing, Michigan Jan. 23, 30; Feb. 6, 13-M

7. February 13, 1942 The Daily Monitor Mount Clemens, MI

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IN THE MATTER OF THE PETITION OF R. A. CARROLL, RECEIVER OF THE FARMERS STATE BANK OF ARMADA, OF ARMADA, A MICHIGAN BANKING CORPORATION, FOR THE ENTRY OF AN ORDER HEREIN BY SAID COURT APPROVING, RATIFYING AND CONFIRMING THE LIQUIDATION OF SAID BANK BY SAID RECEIVER AND HIS PREDECESSOR IN OFFICE, DISCHARGING SAID RECEIVER, AND DISSOLVING SAID BANKING CORPORATION.