Detroit Bank - Detroit, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: June 5, 1930
Location: Detroit, Michigan (42.331, -83.046)

Metadata

Model: gpt-5-mini
Short Digest: 887abe2a

Response Measures

None

Description

Article fragment (St. Louis Globe-Democrat, Jun 21, 1930) reports Detroit Bank Closes and that the private institution suspended today (mentioned June 5). No run is described and no reopening is reported; closure appears permanent. OCR fragment is incomplete so cause is assigned as bank-specific adverse information (closure/suspension likely due to insolvency) but not explicitly detailed in the text.

Events (1)

1. June 5, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article states the Detroit Bank, a private institution, closed and suspended today (June 5); no explicit trigger given but wording indicates failure/insolvency rather than a rumor or correspondent issue.
Newspaper Excerpt: Detroit Bank Closes. By Associated Press. June 5 ... private institution ... suspended today. Depositors who sought to locate
Source: newspapers

Newspaper Articles (1)

1. June 21, 1930 St. Louis Globe-Democrat St. Louis, MO

Article from St. Louis Globe-Democrat, June 21, 1930

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Article Text

examination completed. Coroner W. T. Bishop conducted an inquest late today and the jury returned verdict that Asbury had met death from gunshot wounds suicidal intent. reunion had been planned by the Asbury family for this fand all of the immediate relatives will arrive tomorrow morning. Mason said he heard two shots and found body in chair. Asbury apparently good this said, although he had been 111 eral times recently. but had not required medical attention. Asbury active in church work taught Bible and class The widow and two daughters Detroit Bank Closes. By Associated Press. June 5 per cent private institution Anthony Vent, member of the City Water Board. suspended today. Depositors who sought to locate