First National Bank - Escanaba, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3761
Charter Number: 3761
Start Date: August 29, 1934
Location: Escanaba, Michigan (45.745, -87.065)

Metadata

Model: gpt-5-mini
Short Digest: 7cc81858

Response Measures

None

Description

Article (Aug 29, 1934) mentions a former employee who later joined the bank's receivers, indicating the First National Bank of Escanaba had been placed in receivership and thus closed. No mention of a run or of a temporary suspension/reopening in the provided text. The classification assumes receivership implies permanent closure.

Events (2)

1. July 27, 1887 Chartered

Source: historical_nic

2. August 29, 1934 Receivership

Newspaper Excerpt: Loell came here four years ago being employed at the First National bank for two years before joining the executive staff of the bank's receivers.
Source: newspapers

Newspaper Articles (1)

1. August 29, 1934 The Dowagiac Daily News Dowagiac, MI

Article from The Dowagiac Daily News, August 29, 1934

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Article Text

Escanaba Man Held As Funds Embezzler Aug. Loell, former Escanaba resident, arrested Tuesday by Sheriff Miron, Escanaba on charges of embezzling funds of his ther's estate Loell came here four years ago being employed at the First National bank for two years before joining the executive staff of the bank's receivers.