Short OCR excerpt states 'Petoskey Bank Closes' and language about conserving assets and protection; indicates the bank closed and did not reopen. No explicit mention of a depositor run in the text provided. Closure appears to be an official suspension/closing (likely by authorities) rather than a mere temporary liquidity run.
Events (2)
1.October 24, 1900Chartered
Source
historical_nic
2.October 17, 1931Suspension
Cause
Government Action
Cause Details
Article indicates the bank was closed to conserve assets for protection, consistent with an official suspension/closing (receiver/authority action).
Newspaper Excerpt
Petoskey Bank Closes First failed to its doors ... said was closed conserve the assets the bank for the protection
Source
newspapers
Newspaper Articles (1)
1.October 17, 1931Lansing State JournalLansing, MI
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Article Text
Petoskey Bank Closes First failed to its doors door of the tion said was closed conserve the assets the bank for the protec-