9346. Pontiac National Bank (Pontiac, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3388
Charter Number
3388
Start Date
December 12, 1898
Location
Pontiac, Michigan (42.639, -83.291)

Metadata

Model
gpt-5-mini
Short Digest
bd0cd1fc

Response Measures

None

Description

The comptroller bulletin (Dec 12, 1898) lists the Pontiac National Bank under Liquidation, indicating closure. A 1942 article refers to the collapse and a bank receiver with assessments, confirming the bank ultimately had a receiver and did not resume operations. No explicit run is mentioned in the provided texts.

Events (4)

1. September 2, 1885 Chartered
Source
historical_nic
2. November 19, 1898 Voluntary Liquidation
Source
historical_nic
3. December 12, 1898 Suspension
Cause
Government Action
Cause Details
Listed in the comptroller's bulletin as in liquidation; bank closed and later had a receiver in its collapse.
Newspaper Excerpt
Liquidation.-The Pontiac National Bank, Pontiac, Mich.
Source
newspapers
4. November 10, 1942 Receivership
Newspaper Excerpt
who handled assessments of stockholders in the collapse of the Pontiac National Bank ... pleaded guilty before Federal Judge Frank A. Picard
Source
newspapers

Newspaper Articles (2)

Article from The Herald, December 18, 1898

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Article Text

National Bank Changes According to the latest bulletin of the comptroller of the currency, of date December 12th, the following changes have taken place: National Banks Organized.-The Calcasieu National bank of Lake Charles, Louisiana; capital, $100,000. H. C. Drew, president; Frank Roberts, cashier. (Date of certificate, December 6, 1898.) The National Hamilton bank of Boston, Mass.; capital, $500,000. Henry G. Denny, president; Geo. H. Davenport, cashier. (Date of certificate, December 7, 1898. ) Applications to Organize National Banks Approved.-The Western National bank of Oklahoma City, Oklahoma territory, with a capital of $50,000, by the following persons: M. L. Turner, Guthrie, Oklahoma; A.L. Frick and others. The Citizens' National bank of Springfield, Ohio, with a capital of $100,000, by the following persons: Edward S. Buckwalter, Springfield, Ohio; John L. Zimmerman, Charles S. Kay and others. Liquidation.-The Pontiac National Bank, Pontiac, Mich. The Farmers and Merchants' National bank of Hickman, Ky. The Globe Natonal bank of Cheago, Ill. Insolvent/The First National bank of Flushing, Ohio; Henry M. Davies appointed receiver in place of James W. De Lay. The City National bank of Greenville, Mich.; Thomas A. E. Weadock appointed receiver.


Article from Detroit Evening Times, November 10, 1942

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Article Text

Admits Taking Cash Of Bank Receiver Stuart C. Wilson, 34, who handled assessments of stockholders in the collapse of the Pontiac National Bank, today was free under $500 bond, pending sentence. Wilson pleaded guilty before Federal Judge Frank A. Picard