First National Bank - Escanaba, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3761
Charter Number: 3761
Start Date: July 22, 1933
Location: Escanaba, Michigan (45.745, -87.065)

Metadata

Model: gpt-5-mini
Short Digest: fc310203

Response Measures

None

Description

Article (Jul 22, 1933) refers to the First National Bank as one of two closed national banks in Escanaba and mentions a receiver. No run or depositor agitation is described. The action is a closure with a receiver (government action).

Events (1)

1. July 22, 1933 Suspension

Cause: Government Action
Cause Details: Bank is one of two closed national banks in Escanaba and has a receiver; court petition seeks to restrain bank receivers' actions.
Newspaper Excerpt: postponed until Aug hearing on the petition in the ing companies of the two closed national banks here for an order restraining the bank receivers
Source: newspapers

Newspaper Articles (1)

1. July 23, 1933 The Escanaba Daily Press Escanaba, MI

Article from The Escanaba Daily Press, July 23, 1933

Click image to open full size in new tab

Article Text

Restraining Order Hearing By Judge O'Brien July 22 Judge Ernest in federal court today postponed until Aug hearing on the petition in the ing companies of the two closed national banks here for an order restraining the bank receivers from levying stautory ment against them. Technically the postponement made on the ground that Robert Marx, attorney for the receiver of the First National Bank had not entered formal appearance in the suit Judge )'Brien said, however, that he did not want to impede any ef forts to reorganize or reopen the banks. species of wasp which preys on injurious inhave been sold in California $10 million.