First National Bank - Birmingham, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9874
Charter Number: 9874
Start Date: March 20, 1933
Location: Birmingham, Michigan (42.547, -83.211)

Metadata

Model: gpt-5-mini
Short Digest: 399cbec0

Response Measures

None

Receivership Details

Depositor recovery rate: 62.5%
Date receivership started: 1933-10-14
Share of assets assessed as good: 41.6%
Share of assets assessed as doubtful: 55.5%
Share of assets assessed as worthless: 2.9%

Description

OCR-corrupted article. Text indicates First National Bank (Birmingham, MI) was placed under conservatorship/closed in the week prior to the March 27, 1933 newspaper; Edward Mills named conservator/cashier. No explicit run described. Likely closed by banking authorities (conservator assigned) consistent with government action during the 1933 banking crisis.

Events (4)

1. October 18, 1910 Chartered

Source: historical_nic

2. March 20, 1933 Suspension

Cause: Government Action
Cause Details: Bank was placed under conservatorship/closed by authorities (conservator assigned the prior week).
Newspaper Excerpt: Birmingham, March (By First National bank of special fund deposits and accept fund deposits non-interbearing basis today The bank was placed the of last week.
Source: newspapers

3. March 27, 1933 Receivership

Newspaper Excerpt: Grand March Edward Mills, cashier, today took his duties servator for the loan deposit bank here. Edward Mills ... took his duties servator (conservator) for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). Edward Mills ... took his duties servator for the loan deposit bank here. (OCR errors corrected). (excerpted and corrected).
Source: newspapers

4. October 14, 1933 Receivership

Source: historical_nic

Newspaper Articles (1)

1. March 27, 1933 The Flint Journal Flint, MI

Article from The Flint Journal, March 27, 1933

Click image to open full size in new tab

Article Text

DETROIT BANK PROBE COUNTY BEGUN BY of Jo. liam R. rector read pulpit from President with Coughlin connection The titude cola president to letter urged the day with the the decision wanted that and Kingston, Mich. apparently "your advisors priest.' by Silent on Priest's Remarks of today Mr. Pratt's first in call on Gregory on day he banks. The the two declined to priest' Lincoln whether on he Police charges the at cerning the liquidity of $2,100 National Pratt and ported determined future action will nothing to and lic. attorney to is highly Amendments ground of inter already become subject of issues of Stair Asks Immediate Probe interest Stair expected Detroit ranking On Press and extent approximately Walter copy months President Kentucky attack made Both them himself for clarify situation and has the be of complete unafraid and eager roads for the from slanderous wreckmoney would Plan to Keep Going H. for the Union Guardian company today addressed by of written having in which efforts holding said keep the company The Union like Bank panies, and one of the fied Guardian Union Group Roosevelt The new National Bank of the opprovide facilities exchange and the checks With the mark, the bank announced cash tomers limited to properly identified entitled to service The bank, financed Motors poration opened Friday Rev. Gallagher Uninformed The Rt. Rev. Michael Galbishop formal stateCoughlin made serious charges of the Detroit bankers this address was written night after aware of its contents. part prosecuting attorney and made his charges claims to have the proofs but has not yet produced them. have had the greatest the our Detroit bankers the fact withdrew no funds the other those the of have had attitude understood that when situation he not ing for the Catholic and opinions are only as good as his arguments. Birmingham, March (By First National bank of special fund deposits and accept fund deposits non-interbearing basis today The bank was placed the of last week. Grand March Edward Mills, cashier, today took his duties servator for the loan deposit bank here.