9271. First National Bank (Marshall, MI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
1515
Charter Number
1515
Start Date
March 1, 1933*
Location
Marshall, Michigan (42.272, -84.963)

Metadata

Model
gpt-5-mini
Short Digest
8fbdc90e

Response Measures

None

Description

The bank was taken over by federal authorities (receiver) during the 1933 bank closures/holiday (government action). A re-opening plan was worked on in Aug 1933 and the bank is listed among national banks reopened by March 1934. No run is described in the articles.

Events (3)

1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Taken over by federal authorities and placed in receivership during the 1933 bank closures/bank holiday; receiver appointed.
Newspaper Excerpt
the closed First National bank now federal employe under the bank's receiver ... the government took over the closed national
Source
newspapers
2. August 17, 1933 Other
Newspaper Excerpt
Return From Conference On Bank Opening ... they conferred with government officials relative to two legal questions ... connection with the institution's re-opening plan. The plan was approved federal authorities several weeks [ago]. Forms and blanks will be here next week outlining the plan, which will be distributed to stockholders.
Source
newspapers
3. March 1, 1934* Reopening
Newspaper Excerpt
63 NATIONAL BANKS REOPENED IN MONTH ... The banks with the amounts of their frozen and unrestricted deposits, include the following: First National Bank ... Marshall, First National bank ... $640,000 and $13,000.
Source
newspapers

Newspaper Articles (3)

Article from Marshall Evening Chronicle, July 12, 1933

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Article Text

BY ATTORNEY Dismissed Witness When Attorney Said He Could Not Answer Questions July former of the closed First National bank now federal employe under the bank's receiver. was dismissed witness before the one-man bank investigation grand jury here day when his attorney stipulated his testimony would limited. Circuit Judge Harry B. Keldan, sitting the Jone grand Juror. ordered the dismissal with the mark: not going to have any witness come into court and have his attorney tell what he will will not have never seen such spectacle my 30 years experience on the bench. Brown was the first federal ploye to agree to testify before the grand jury He came into court accompanied by Robert S. Marx counsel for Receiver Thomas Prosecutor Harry Toy. assistIng in the questioning. asked the witness he would answer all questions put to him. Marx interrupted to say that United States treasury department would permit Brown to testify any events that after March the date the government took over the closed national Toy protested vigorously. don't want Any hit and run he not going to question Brown unless he can answer all the questions


Article from Battle Creek Moon-Journal, August 17, 1933

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Article Text

Return From Conference On Bank Opening Marshall Aug. Robert Robinson. of the First National bank and Attorney James (Mackey returned yesterday from they conferred with government officials relative to two legal questions. which were satisfactorily settled connection with the institution's re-opening plan. The plan was approved federal authorities several weeks Mr. Robinson that printed forms and blanks "ill be here next week outlining the plan. which will be tributed stockholders. They will be returned after they are signed.


Article from Jackson Citizen Patriot, March 7, 1934

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Article Text

63 NATIONAL BANKS REOPENED IN MONTH Washington, March opening of 63 national banks during was today by F. O'Connor, comptroller of the O'Connor said that at the end of February the number of unlicensed national had been reduced to from last March The banks with the amounts of their frozen and unrestricted deposits, include the folin First National Bank and Trust company, $838,000 and $123,000. Marshall, First National bank, and Utica, First National bank, $640,000 and $13,000.