First National Bank - Blissfield, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11813
Charter Number: 11813
Start Date: January 1, 1931*
Location: Blissfield, Michigan (41.833, -83.862)

Metadata

Model: gpt-5-mini
Short Digest: d49ed211

Response Measures

None

Receivership Details

Depositor recovery rate: 59.5%
Date receivership started: 1931-07-03
Date receivership terminated: 1937-10-30
OCC cause of failure: Economic conditions
Share of assets assessed as good: 20.0%
Share of assets assessed as doubtful: 79.7%
Share of assets assessed as worthless: 0.2%

Description

Articles indicate the First National Bank of Blissfield was placed in receivership (receiver named Jan 1931) and did not reopen; later litigation (1933) involves the bank's receiver. No explicit run is described in the pieces provided.

Events (5)

1. August 13, 1920 Chartered

Source: historical_nic

2. January 1, 1931* Receivership

Newspaper Excerpt: bank's receiver. Harold F. Johnson said Kitter withdrew after banking hours on the day before receiver was named for the bank.
Source: newspapers

3. January 1, 1931* Suspension

Cause: Government Action
Cause Details: Receiver appointed for the bank in January 1931 (court/receiver action following bank failure).
Newspaper Excerpt: ordering perform into the First National Bank, Blissfield, Mich., January, 1931
Source: newspapers

4. July 3, 1931 Receivership

Source: historical_nic

5. July 12, 1933 Other

Newspaper Excerpt: verdict ordering Kitter and the Blissfield Cooperative company to return to First National Bank of Blissfield, Mich., $3.500 which the bank's receiver said Kitter withdrew after banking hours on the day before receiver was named for the bank.
Source: newspapers

Newspaper Articles (2)

1. July 13, 1933 The Escanaba Daily Press Escanaba, MI

Article from The Escanaba Daily Press, July 13, 1933

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Article Text

MUST RETURN MONEY Detroit, July 12 federal court jury has returned verdict ordering Kitter and the Blissfield Cooperative company to return to First National Bank of Blissfield, Mich., $3.500 which the bank's receiver. Harold F. Johnson said Kitter withdrew after banking hours on the day before receiver was named for the bank. Johnson sald the money should be used for the benefit of all depositors.

2. December 3, 1933 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, December 3, 1933

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Article Text

Circuit Court Opens Tuesday Morning United States Circuit Court of Appeals will be convened for the December session of the October, 1933, term Tuesday morning with Circuit Judges Charles H. :Moorman, Louisville, Ky.; Xen Hicks, Knoxville, Tenn.; Smith Hickenlooper, and Charles Simons, Detroit, Mich., presiding. calendar Tuesday Wadsworth Electric Manufacturing Company Westinghouse Electric Manufacturing Co., and Spencer Kellogg and Sons, Inc., al., Buckeye Steamship Company, etc. Insurance Company al., Margarite Walker and Valley, vs. Arthur Adams Towing Wrecking Co. Steamship (appeal and crossFidelity Surety States, and Ella Pinkston hood Firemen and Enginemen Moskowitz Benton Davis, Trustee, etc., and Fordson Coal Company Kentucky River Coal Corporation. Bank's Receiver Appeals. Appeal from the of United States District Charles Dawson, sitting by United States trict Court Detroit, ordering perform into the First National Bank, Blissfield, Mich., January, 1931, providing paythe Union Central Life Company, Cincinnati, full of farm land in Township, Michigan, filed in United Circuit Court Appeals yesterday by HarJohnson, bank. Henry and Jennie Goll, the tract, who paid the mortgage claim. Judges Hold Conference. District Judges Benson Hough, Columbus, Robert Nevin. Circuit Judge Smith to renderthe Ohio the West Virginia Railroad Company against Interstate Washington, heard recently United District Court Columbus by the three Judges. In this action the and the railroad enjoin the from enforcing set rates fixed the Ohio Public Utilities Commission covering of coal from Southeastern Northeastern Ohio points.