Ford State Bank - Wyandotte, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1930*
Location: Wyandotte, Michigan (42.211, -83.157)

Metadata

Model: gpt-5-mini
Short Digest: 8fdaa23f

Response Measures

None

Description

Article states the Ford State Bank is 'defunct' and that its former president presided over four banks that 'succumbed in the panic of 1930.' No contemporaneous run or suspension description is given, but the bank clearly failed and assets were distributed to creditors; categorized as suspension leading to permanent closure/receivership. Date of failure is not explicit; the article links failures to the 1930 panic.

Events (1)

1. January 1, 1930* Receivership

Newspaper Excerpt: Former Wyandotte Banker's Case Ends Louis F. Wojcik, former president of the Ford State bank, defunct, ends his banking career with net assets of $2,284 ... He was president of four banks which succumbed in the panie of 1930.
Source: newspapers

Newspaper Articles (1)

1. November 3, 1939 The Wyandotte Herald Wyandotte, MI

Article from The Wyandotte Herald, November 3, 1939

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Article Text

Former Wyandotte Banker's Case Ends Louis F. Wojcik, former president of the Ford State bank. defunct, ends his banking career with net assets of $2.284. which sum will be divided between ten preferred creditors. He was president of four banks which succumbed in the panie of 1930. To the depositors of $1,500,00 in the four failed banks, dividends of about 1½% were declared. They will get nothing from the final disposition of the assets. Mr. Wojcik cut a considerable swath in the heyday/of his prosperity. His activities included ownership of the Detroit Polish Daily News, state representative for the First Wayne district in the Legislature, and direcfor of public safety in Hamtramek. At present he operates a handbill distributing agency.