Detroit Bank - Detroit, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 20, 1934
Location: Detroit, Michigan (42.331, -83.046)

Metadata

Model: gpt-5-mini
Short Digest: 1f30c8e6

Response Measures

None

Description

Article reports a federal inquiry with the Detroit Bank receiver testifying, indicating the bank was in receivership (closed). No explicit mention of a prior depositor run in the excerpt. OCR is poor; corrected reading indicates 'Detroit Bank Receiver One Of First Witnesses.' Classified as suspension leading to closure/receivership.

Events (1)

1. June 20, 1934 Receivership

Newspaper Excerpt: Detroit Bank Receiver One Of First Witnesses
Source: newspapers

Newspaper Articles (1)

1. June 20, 1934 The Times Herald Port Huron, MI

Article from The Times Herald, June 20, 1934

Click image to open full size in new tab

Article Text

FEDERAL JURY OPENS INQUIRY Detroit Bank Receiver One Of First Witnesses (By The June gation to whether are to be returned former bank officials or result of the of two leading got in eral the of the The of 16 women and several weeks after the federal of asserted that of in that preceded now mous Feb. 13, The of only three witnesses advance. They are of the Bank Fred his chief and Richard H. of staff. long list of others probably will be called during the month the vestigation is expected to continue.