First National Bank (Howell, MI)

View Charter #14144 on SPMC View balance sheet

Episode Information

Episode UID
1414401620
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
141440 national
Charter Number
14144
Start Date
December 1, 1934*
Location
Howell, Michigan (42.607, -83.929)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b7e6a297994fd97b

Response Measures

None

Events (4)
1. May 12, 1934 Chartered
Source
historical_nic
2. December 1, 1934* Receivership
Newspaper Excerpt
According to E. J. Drewry, Receiver of First National Bank of Howell, checks for said dividend will be available to all such creditors ... on and after Friday, January 4, 1935, in the lobby of the First National Bank in Howell.
Source
newspapers
3. December 14, 1934 Suspension
Cause
Government Action
Cause Details
Comptroller appointed a receiver and ordered dividend payments to creditors after bank suspension/closing.
Newspaper Excerpt
The Comptroller of the Currency has ordered a dividend of 10 per cent payable to the creditors of the First National Bank of Howell, Michigan, on all claims proven before the close of business December 14, 1934.
Source
newspapers
4. December 20, 1935 Receivership
Newspaper Excerpt
Friday, December 20, 1935, E. J. Drewry, receiver of the First National Bank of Howell, Michigan, announced the release of a third dividend of 25 per cent to all depositors who have proven their claims.
Source
newspapers

Newspaper Articles (3)
1. January 2, 1935 Livingston County Daily Press and Argus Howell, MI

Article Text

BALANCES ARE GIVEN HOWELL CITY LEVIES AND COLLECTIONS ARE SHOWN, AS WELL AS FUND AND BANK BALANCES City Finances Howell city enters the year 1935 with a Treasurer's cash book balance of $37,627.64. Of this amount $7911.16 is held under moratorium agreements in two banks as follows: First State Bank, $4,644.20; First National $3,266.96, leaving a working and useable cash balance to begin the new year of $28,716.48 The working cash balance compares most favorably with balances of other years even with the $7,911.16 tied up just now. The city entered the year 1934 with $23,317.03 cash balance; 1933 with $25,236.62 and 1932 with cash available of $23,585.03. Other interesting facts are seen in the yearly city tax levies and the amounts of the levies collected up to and including Dec. 31 of that year. In 1934 the city tax levied was $53,861.16 and Dec. 31st 1934 $46,854.92 had been collected. In 1933 the levy was $57,075.87 and collects of the comparable date were $51,748.87. In 1932 the levy was $66,753.60 and collections were $61,417.12. And in 1931 the levy of $76,967.57 found collections of $74,480.26 in the coffers of the city treasurer as the calendar year ended. Comparative County Balances County finances as we go into the year of 1935 show improvement both in totals and balances in the several funds. The balance of cash money in banks (including restricted funds) totals $105,792.63 as compared with $78,849.37 Dec. 31st, 1933, and $62,036.03 in 1932. The trial balance sheets as of December 31st, 1934, 1933, and 1932 may offer some interesting reading. Funds and sums marked with an (*) are in the red, or debit amounts, all others are credit entries and working balances: (Turn to Page 4, Column 3, Please)

2. January 2, 1935 Livingston County Daily Press and Argus Howell, MI

Article Text

IS TOTAL OF 60% The Comptroller of the Currency has ordered a dividend of 10 per cent payable to the creditors of the First National Bank of Howell, Michigan, on all claims proven before the close of business December 14, 1934. According to E. J. Drewry, Receiver of First National Bank of Howell, checks for said dividend will be available to all such creditors who present their schedule of claim sheet, on and after Friday, January 4, 1935, in the lobby of the First National Bank in Howell.

3. December 25, 1935 Livingston County Daily Press and Argus Howell, MI

Article Text

RELEASES $92,499.32 Friday, December 20, 1935, E. J. Drewry, receiver of the First National Bank of Howell, Michigan, announced the release of a third dividend of 25 per cent to all depositors who have proven their claims. Checks for same are available during banking hours, at the office of the Receiver on the second floor of the First National Bank Building. Be sure and bring your Receiver's Certificate with you, as this is necessary in order to obtain checks.