Vicksburg Exchange Bank - Vicksburg, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1905*
Location: Vicksburg, Michigan (42.120, -85.533)

Metadata

Model: gpt-5-mini
Short Digest: 0e03bee3

Response Measures

None

Description

Article (1907-04-18) states the Vicksburg Exchange Bank failed two years ago (circa 1905) and a receiver (S. B. Monroe) was appointed; settlement of affairs ongoing and dividends being paid to depositors — indicates permanent failure/closure rather than reopening. No article text describes a depositor run prior to suspension.

Events (3)

1. January 1, 1905* Receivership

Newspaper Excerpt: S. B. Monroe, receiver of the bank.
Source: newspapers

2. January 1, 1905* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failure/insolvency leading to suspension/closure (failed circa 1905).
Newspaper Excerpt: the Vicksburg Exchange bank, which failed two years ago
Source: newspapers

3. April 18, 1907 Other

Newspaper Excerpt: Judgment was given for $10,000 against Elbert L. Page, former president of the Vicksburg Exchange bank, which failed two years ago
Source: newspapers

Newspaper Articles (1)

1. April 18, 1907 Belding Banner Belding, MI

Article from Belding Banner, April 18, 1907

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Article Text

Judgment Against Page. In the circuit court at Kalamazoo judgment was given for $10,000 against Elbert L. Page, former president of the Vicksburg Exchange bank, which failed two years ago, The judgment is in favor of S. B. Monroe, receiver of the bank. The whereabouts of Mr. Page are not known. Immediately after the bank failure, he was admitted to the insane asylum where he remained until last October. For a time after his departure he was in the northern part of the state, but later went south. A settlement of the affairs of e bank is almost completed. It is believed within another year that the last dividend will be paid and the depositors will have secured 80 per cent of the sum they had deposited.