Detroit Bankers Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: November 23, 1940
Location: Detroit, Michigan (42.331, -83.046)

Metadata

Model: gpt-5-mini
Short Digest: c35f6a8e

Response Measures

None

Description

Article (Nov 23, 1940) states the Detroit Bankers Company, described as a holding concern, is 'closed' and its receivers joined a suit — indicating it was closed and in receivership. No run or prior suspension is described in the provided text. The entity is a holding company rather than a clear national/state/trust bank, so bank type set to unknown.

Events (1)

1. November 23, 1940 Receivership

Newspaper Excerpt: Receivers of the closed Detroit First National Bank and the Detroit Bankers Company and officials of the Detroit Trust Company joined today in a suit against the U. S. government.
Source: newspapers

Newspaper Articles (1)

1. November 23, 1940 The Ypsilanti Daily Press Ypsilanti, MI

Article from The Ypsilanti Daily Press, November 23, 1940

Click image to open full size in new tab

Article Text

JOIN IN SUIT Detroit, Nov. 23-INS-Receivers of the closed Detroit First National Bank and the Detroit Bankers Company and officials of the Detroit Trust Company joined today in a suit against the U. S. government. seeking an income tax refund of $402,000. The plaintiffs claim the Detroit Bankers Company. a holding concern, paid that amount in 1930 although the firm actually lost $8,000,000 that year.