Farmers State Bank - Vicksburg, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 1, 1931*
Location: Vicksburg, Michigan (42.120, -85.533)

Metadata

Model: gpt-5-mini
Short Digest: 27694b03

Response Measures

None

Description

OCR-corrected reading: article states the Vicksburg bank closed in November 1931 and a receiver (Gibson) was appointed. No mention of a depositor run; receiver brought suit against an individual. Likely permanent closure with receiver handling assets.

Events (2)

1. November 1, 1931* Receivership

Newspaper Excerpt: suit brought by Karl (spelled 'Kar' in OCR) Gibson as receiver of Farmers State Bank Vicksburg ... When Gibson was appointed receiver of the Vicksburg bank Nov. the assets of the bank included promissory notes ... shortly before the bank closed. Judgment for the plaintiff in FARMER suit brought by Kar Gibson as receiver of Farmers State Bank FARMER Vicksburg against Robert Gilmore awarded ... At the time the bank closed James Gilmore ... owned certificates representing funds deposited in the bank. His claim against the estate for the amount of the deposits was allowed later ... When his will was probated the certificates of deposit were assigned to his brother, Robert, who in suit brought against him by the receiver on his note, asked the court to set off the claim ... Judge Covert ... said he was unable to find any law ... granted the plaintiff judgment for $1,007.81 due on Gilmore's notes in amount principal and interest. (Article date: 1934-07-06.) (Note: OCR errors preserved where indicated.)
Source: newspapers

2. November 1, 1931* Suspension

Cause Details: Bank closed in November 1931; closure led to appointment of a receiver (no run or specific cause given).
Newspaper Excerpt: When Gibson was appointed receiver of the Vicksburg bank Nov. the bank closed
Source: newspapers

Newspaper Articles (1)

1. July 6, 1934 The Kalamazoo Gazette Kalamazoo, MI

Article from The Kalamazoo Gazette, July 6, 1934

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Article Text

VICKSBURG BANK GIVEN JUDGMENT Robert J. Gilmore Must Pay $1,007.81, Ruling of Judge Covert. Judgment for the plaintiff in FARMER suit brought by Kar Gibson as receiver of Farmers State Bank FARMER Vicksburg against Robert Gil. awarded in decision filed Friday in circuit court by Judge Frank L. Covert, Pontiac. who sat in hearing several weeks ago on the plaintiffs motion for summary judgment When Gibson was appointed reof the Vicksburg bank Nov. the of the bank included promissory notes given by the defendant shortly before the bank closed The last Convenient note became due and payable Nov. 1931. At the time the bank closed James Gilmore. brother the defendant, owned in certificates, representing funds which had been deposited in the bank. His claim against the for the EGGS amount of the deposits was allowed later Gilmore died Jan. 22. 1933. When his will was probated the certificates of deposit were assigned to his brother, Robert, who in suit brought against him by POTATOES the receiver on his note, asked bank the court to set off the claim by him from his brother's estate, against the notes. Judge Covert, in his decision Friday, said he was unable to find any law such an He the plaintiff judgment for $1,007.81 the due on Gilmore's notes in amount principle and interest.