Old State Bank - Fremont, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 8, 1927
Location: Fremont, Michigan (43.468, -85.942)

Metadata

Model: gpt-5-mini
Short Digest: eef3c837

Response Measures

None

Description

Article (1927-04-08) reports the Old State Bank of Fremont is defunct and under a receiver; judge ordered a 20% dividend on liabilities. No run or temporary suspension described — bank is in receivership and paying creditors.

Events (1)

1. April 8, 1927 Receivership

Newspaper Excerpt: granting the petition of the bank receiver, the Old State ban of Fremont, to pay a 20 per cen dividend on liabilities, amounting to $44,000 (OCR corrected bank name to Old State bank)
Source: newspapers

Newspaper Articles (1)

1. April 8, 1927 Battle Creek Moon-Journal Battle Creek, MI

Article from Battle Creek Moon-Journal, April 8, 1927

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Article Text

DEFUNCT BANK AT BIG RAPIDS PAYS CLAIMS ficials of the township the Whit Cloud board of education, the Od Fellow lodge and numerous sma creditors who lost their deposi: when the Newaygo County bank White Cloud failed April 26, 1926 are rejoicing because of an orde by Judge Joseph Barton of BI Rapids, granting the petition of the bank receiver. the Old State ban of Fremont, to pay a 20 per cen dividend on liabilities. amounting to $44,000 Depositors whose claim were below $50 each have bee with prospects that claims not et ceeding $100 also will be cared It is expected another dividend will be declared in CO days. The waygo County bank failed about $47,000