Union City National Bank - Union City, MI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 1826
Charter Number: 1826
Start Date: January 5, 1932
Location: Union City, Michigan (42.067, -85.136)

Metadata

Model: gpt-5-mini
Short Digest: be8d8545

Response Measures

None

Description

Article (Marshall Evening Chronicle, 1932-01-07) reports the Union City National Bank suspended receiving of deposits earlier that week while allowing withdrawals pending a depositor plan to avoid forced liquidation. Depositors voted to support the institution and it will resume operation. No explicit run is described (no crowds/withdrawal panic); classification is a suspension with intent/plan to reopen.

Events (4)

1. May 27, 1871 Chartered

Source: historical_nic

2. January 5, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended receiving deposits while allowing withdrawals pending a depositor-adopted plan to avoid forced liquidation (insolvency concerns).
Newspaper Excerpt: attended the meeting of depositors and directors of the Union City National bank which suspended receiving of deposits Tuesday allowing withdrawals pending the adoption of some plan by depositors avoid the necessity of forced liquidation
Source: newspapers

3. January 7, 1932 Other

Newspaper Excerpt: Depositors of the bank voted to support the institution which will resume operation. Details of the plans will be perfected by the committees appointed at the meeting
Source: newspapers

4. * Reopening

Newspaper Excerpt: Depositors of the bank voted to support the institution which will resume operation. Details of the plans will be perfected by the committees appointed at the meeting
Source: newspapers

Newspaper Articles (1)

1. January 7, 1932 Marshall Evening Chronicle Marshall, MI

Article from Marshall Evening Chronicle, January 7, 1932

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Article Text

Tekonsha News MRS R. R. MILLER Chronicle Staff Correspondent Aid Meets The Library Aid met with Mrs. operative dinner was served at noon with covers laid for 21. Mrs J. W. Randall was a guest of the Aid. At the afternoon business me eting the following appointments were made by the president. Mrs. Boston Work committee. Mrs. Roy Brott. Mrs. Stella Abel and Mrs. Dan Brand: sick and flower committee. Mrs. Joe Jenkins, Mrs. Frank Abel: special flowere committee Mrs. Marshall Upston: lookout committee. Mrs. Mcl Upston The next meeting will be with Mrs. Roy Brott Missionary Society The meeting of the Misstonary society was held Wednesday afternoon with Mrs. A. C. Schue At the business meeting the following officers were re-elected: President Mrs. E. C. De Brular: vice presi- dont. Miss Jennie Ball: secretary, Mrs. C' M. Dix: treasurer, Mrs. Fred icree The afternoon program was in charge of Mrs. H. B. Williams and contributions were made by Mrs. Rathbun and Mrs. Pierce The quarterly ten was served after the business meeting Helping Hand Society The meeting of the Helping Hand society of the Cobblestone district was held with Mrs. Clifford Da line Wednesday. with the husbands as guests Dinner was served at 1:00 c'elock. with covers laid for 25. A1 the business session. Mrs. Clifford Darling was elected preside Mrs. Frost vice p:esident, Miss Myrtle Hunt secretary: Mrs. Keel treasrer: Mrs. Letts and and Mrs. Frost and Mrs. Dariing. flower committee Guests of the rociety were Mr. and Mrs. A. C. Hadlcck. Mr and Mrs, Ason Kempton and children and Mrs. Earl Doolitile The next meeting will be with Mrs. keel. Attend Bank Meeting Seve ral from here were in Union City Wednesday evening and attender the meetin of depositors and directors of the Union City National bank which suspended receiving of deposits Tuesday allewing withd awals pending the edoption of some plan by deposilors avoid the necessity of forced liquidation The meeting last evening was held at the high school gymnasium and was largely attended Depositors of the bank voted to support the institution which will resume operation. Details of the plans will be perfected by the committees appointed at the eting Ant suncement has been made :f the marriage of Dick Walton and Mrs. Clara Upston. The wedding occurred in Angola. Ind., Dec. 3C. Poth are well known here and have the best wishes of many The next debate scheduled for the Tekonsha high school debaters will be Thursday evening when they will meet the Pittsford debaters here Tekonsha will be repesented by Elizabeth Main, Elizaboth Thuston and Jeanne Mann and will uphold the negative side of the Mrs. Haskell Doolittle entertained Tuesday afternoon. Mrs. Bray Johnson, Mrs. Rose Cogswell and Mrs. E. E, Abel. Rev. A. G. Schue was in Albion Tuesday evening and attended a supper and meeting when plans were made for the standard training school for Sunday school teachers, which will be conducted in Albion, Jan. 12, 19, and 26 and Feb, 2, 98and 16. Mr. and Mrs. Chas. Whitcomb of, Litchfield Visited at Rev. M. Mrs. J. A Dorris and son Choster Clapp, have returned from Jackson where they spent several days with Mrs Hyndman. Mr. and Mrs. Dick Walton were in Marshall Tuesday on business and called on relatives Mr. Walten's nieco, Hael Rarick, nccompanied them back and is their guest Depositors of the Farmers & Merchants banks received checks Wednesday One more payment will cancel the bank's obligations to depositors. UNION CHURCH Thursday-7:30, Prayer meeting and Bible study: 8:30, chcir meetir.g. Sunday-10:30. worship and sermon; 11:30 church school: 7:00, Christian Endeavor meetings; 7:30 worship and sermon. Union Church Meeting The annual meeting of the Union church was held Wednesday evening with Fred Pierce, the chairman, presiding. Reports from the various departments of the church, showing progress, were read and accepted. The pastor's report showed that he had officiated at 19 funerals and one wedding. A report of the Chritsian Endeavor society gave an attendance of 55 in the last quarter of year. At the election the officers were re-elected and one member. Hcmer Blashfield, was added to the board of directors. The officers for the year are as follows: Clark, George W. Davis; treasurer, W B. Abrams; board of directors, George W. Davis, W. B. Abrams, Fred Fierce, E. E. De Brular, James Aldrich, W. A. Howard H. B. Williams, Homer Blashfield; spiritual board, B. R. Osborn, C A. Brimmer, L. W Main, Chester Clapp. Mrs E. W. Randall; Mrs. E. C. De Brular; music committee, Mrs. J. E. Shedd, W. L. Main, Mrs. H. M. Doolittle, Miss Luella Randall: headusher, Chester Clapp.