Article Text
RECEIVER FOR PARMA BANK. JACKSON, Mich., Sept. 22.Seymour S. Godfrey has been appointed receiver for the Farmers and Merchants' State bank, of Parma. He is given six days to file a $50,000 bond.
9330. Farmers & Merchants State Bank (Parma, MI)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- September 22, 1908
- Location
- Parma, Michigan (42.258, -84.600)
Metadata
- Model
- gpt-5-mini
- Short Digest
ca040c37
Response Measures
None
Description
Multiple contemporaneous reports (Sept 22-23, 1908) state a receiver was appointed for the Farmers' and Merchants' State Bank of Parma (Seymour S./H. Godfrey). No article mentions a depositor run; the bank was placed in receivership and subsequently liquidated (receiver paid dividends through 1909), indicating permanent closure.
Events (3)
1.
September 22, 1908
Receivership
- Newspaper Excerpt
- Seymour S. Godfrey has been appointed receiver for the Farmers and Merchants' State bank, of Parma. He is given six days to file a $50,000 bond. (Detroit Times, 1908-09-22/23).
- Source
- newspapers
2.
September 22, 1908
Suspension
- Cause Details
- Article reports appointment of a receiver but gives no cause or mention of a depositor run.
- Newspaper Excerpt
- RECEIVER FOR PARMA BANK. JACKSON, Mich., Sept. 22.Seymour S. Godfrey has been appointed receiver for the Farmers and Merchants' State bank, of Parma.
- Source
- newspapers
3.
June 30, 1909
Other
- Newspaper Excerpt
- S. H. Godfrey, receiver of the Farmers' and Merchants' bank, of Parma, will, on June 30 declare another dividend of 20 per cent, making a 50 per cent dividend which has been paid since the bank closed its doors. (Detroit Times, 1909-06-24).
- Source
- newspapers
Newspaper Articles (5)
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Article Text
RECEIVER FOR PARMA BANK. JACKSON, Mich., Sept. 22.-Seymour S. Godfrey has been appointed receiver for the Farmers and Merchants' State bank, of Parma. He is given six days to file a $50,000 bond.
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Article Text
Receiver for Failed Bank. Jackson, Mich., Sept. 23.-Seymour H. Godfrey, a farmer, was appointed receiver for the failed Farmers' and Merchants' State bank of Parma, Mich.
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Article Text
Receiver for Failed Bank. Jackson, Mich., Sept. 23.-Seymour H. Godfrey, a farmer, was appointed receiver for the failed Farmers' and Merchants' State bank of Parma, Mich.
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Article Text
BANK TO PAY DIVIDEND. LANSING, Mich., June 24.-(Special.)-The state banking commission- er has approved the articles of incor- poration of the state bank of Holton, with a capital stock of $20,000. The department has received notice that S. H. Godfrey, receiver of the Farmers' and Merchants' bank, of Parma, will, on June 30 declare another dividend of 20 per cent, making a 50 per cent dividend which has been paid since the bank closed its doors.