First National Bank (White Pigeon, MI)

View Charter #4527 on SPMC View balance sheet

Episode Information

Episode UID
452701212
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
45270 national
Charter Number
4527
Start Date
December 27, 1900
Location
White Pigeon, Michigan (41.798, -85.643)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
92763ef3855cff71

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1900-12-27
Date receivership terminated
1901-09-27
OCC cause of failure
Fraud
Share of assets assessed as good
39.6%
Share of assets assessed as doubtful
44.8%
Share of assets assessed as worthless
15.6%

Events (4)
1. March 3, 1891 Chartered
Source
historical_nic
2. December 27, 1900 Receivership
Source
historical_nic
3. December 27, 1900 Receivership
Newspaper Excerpt
Examiner Seldon was in the bank at the time the resolution of the board of directors was adopted and has been appointed receiver.
Source
newspapers
4. December 27, 1900 Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller of the Currency after the board requested the comptroller to take charge.
Newspaper Excerpt
The First National bank of White Pigeon, Mich., was closed tonight by order of the comptroller of the currency
Source
newspapers

Newspaper Articles (13)
1. December 28, 1900 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, December 28, 1900

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Article Text

MICHIGAN BANK CLOSED. The First National of White PigeonOrdered by Controller. Washington, Dec. 27.-The First National bank of White Pigeon, Michigan, with a capital stock of $50,000, was closed to-night by order of the comptroller of the currency upon receipt of a telegram from a national bank examiner, J. W. Seldon, that the board of directors of the bank had passed a resolution requesting the comptroller to take charge. Examiner Seldon was at the bank at the time the resolution of the board of directors was adopted and has been appointed receiver.

2. December 28, 1900 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 28, 1900

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Article Text

White Pigeon Bank Closed. WASHINGTON. Dec. 27.-The First National bank, of White Pigeon. Mich., was closed tonight by order of the comptroller of the currency on receipt of telegrams from National Bank Examiner J. W. Seldon that the board of directors of the bank had passed a resolution requesting the comptroller to take charge. Examiner Seldon has been appointed receiver. The bank was last examined on September 25, 1900, at which its resources amounted to $166,023. and its liabilities to $165,023.

3. December 28, 1900 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, December 28, 1900

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Article Text

NEWS OF THE DAY. There were 4,804 41 miles of new railroad completed in the United States the past year. Capt. Alfred Dreyfus demands an investigation of the report that Emperor William holds proof of his guilt. In the West Point. N.Y. bazing inquiry pesterday H. O. Booz defended bis brother, the ex-cadet who recently died. The First National Bank of White Pigeon, Mich., was closed last night by order of the Comptroller of the Currency. Twenty maddened female prisoners in the Raymond street jail, Brooklyn, rioted yesterday and fiercely assaulted Matron Fannie Handy and Warden McGrath. There was no attempt to escape. The riot was the consequence of nothing but Ill-feeling. The inquest into the death of Louis H. Hilliard, in the insane pavilion of Bellevue Hospital, New York, on December 12, was begun before Coroner Fitzpatrick yesterday. Horrible brutality in the treatment of insane patients was alleged in the testimony. The last surviving member of the famous Suicide Club that had its origin in Bridgeport, Conn., died yesterday by his own hand. The victim, Gustave Wolf, a jeweler's clerk, blew out his brains in the bed chamber in the rear of the store where he was employed. The news of the Old Town Bank's embarrassment, in Baltimore, resulted in considerable excitement among the smaller depositors of savings banks, but nothing like a panic was general in the city, Runs were made on the Savings Bank of Baltimore, the City Savings Bank and the Hopkins Place Savings Bank, the demands of depositors being met. The British War Office has begun the promised reform of the army in a sensational manner. It has demanded the resignation of Maj.-Gen. Sir Henry Colle,commanding an infantry brigade at Gibraltar and recently commanding the Ninth division of the South Africa field force. General Colville refuses to resign, and he is now on bis way to Eogland, One of the most serious fires which have occurred in the East End of London during the last 10 years broke out yesterday at the East India docks. Five immense sheds filled with goods, including a thousand bales of hemp and quantities of jute, were consumed. The shipping in the neighborhood and other warehouses were only saved by the great exertions of the firemen.

4. December 28, 1900 The News & Observer Raleigh, NC
Article from The News & Observer, December 28, 1900

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Article Text

NATIONAL BANK CLOSED. Board of Directors Asked the Comptroller to Take Charge. (By the Associated Press.) Washington, Dec. 27.-The First National Bank of White Pigeon, Mich., was closed tonight by order of the Comptroller of the Currency, upon receipt of a telegram from National Bank Examiner J. W. Selden, that the board of directors of the bank has passed a resolution requesting the Comptroller to take charge. Examiner Selden has been appointed receiver. The bank has a capital of $50,000.

5. December 28, 1900 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, December 28, 1900

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Article Text

Thursday, and with a stone smashed a $300 painting and a mirror valued at $100. Mrs. Nation broke mirrors in town saloons at Kiowa, Kan., some months ago, and declared there is no law under which she can be prosecuted. She was lodged in the county jail. Thursday, charged with malicious destruction of property. The First National Bank of White Pigeon, Mich., capital stock $50,000. was closed, Thursday, by order of the comptroller of the currency at Washington, upon receipt of a telegram from National Bank Examiner J. W. Sheldon, that the board of directors of the bank had passed a resolution requesting the comptroller to take charge. Examiner Sheldon was in the bank at the time the resolution of the board was adopted, and has been appointed receiver. A St. Paul (Minn.) evening paper, Thursday, said: "Events, today, indicate that a strike of the telegraph operators on the Northern Pacific because of the refusal of the company to grant a contract, is more than possible. The company is sending men west to prepare for an emergency. When questioned with regard to this move, the operators' committeeman stated that the grievance committee were aware that the company was taking precautionary measures. Samuel D. Miller, whose son was abducted from Indianapolis, Ind., Wednesday, by the boy's mother, recovered the child at Lawrence, early Thursday. Mr. Miller is the son of Attorney General Miller of President Harrison's cabinet, and his wife was a Miss Karcher of New York. The couple were married in Washington. Since young Miller went to Indianapolis to enter his father's law firm, two or three years ago, he and his wife have not lived together, but there had been no talk of divorce.

6. December 28, 1900 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, December 28, 1900

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Article Text

White Pigeon Bank Closed. Washington, Dec. 28.-The First National bank of White Pigeon, Mich., has been closed by order of the comptroller of currency on receipt of a telegram from National Bank Examiner J. W. Selden, that the board of directors of the bank had passed a resolution requesting the comptroller to take charge. Examiner Selden has appointed a receiver.

7. December 28, 1900 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 28, 1900

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Article Text

ANOTHER BANK CLOSED First National, of White Pigeon, Mich., in the Hands of a Receiver. WASHINGTON, Dec. 27.-The First National Bank of White Pigeon, Mich., was closed to-night by order of the controller of the currency upon receipt of a telegram from National Bank Examiner J. W. Selden that the board of directors of the bank had passed a resolution requesting the controller to take charge. Examiner Selden was in the bank at the time the resolution of the board was adopted and has been appointed receiver. The bank was last examined on Sept. 25, 1900, at which time its resources consisted of $165,023. Its liabilities were $165,023.

8. December 28, 1900 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, December 28, 1900

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Article Text

Michigan Bank Closed. Washington, Dec. 28.-The First National bank at White Pigeon, Mich., was closed last night by order of the comptroller of the currency, upon receipt of a telegram from National Bank Examiner J. W. Selden that the board of directors of the bank had passed a resolution requesting the comptroller to take charge. Examiner Selden was in the bank at the time the resolution of the board was adopted and has been appointed receiver.

9. December 28, 1900 Virginian-Pilot Norfolk, VA
Article from Virginian-Pilot, December 28, 1900

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Article Text

Michigan Bank Falls. (By Telegraph to Virginian-Pilot.) Washington, D. C., Dec. 27.-The First National Bank of White Pigeon, Mich., was closed tonight by order of the Comptroller of the Currency, upon receipt of a telegram from National Bank Examiner J. W. Selden, that the board of directors of the bank had passed a resolution requesting the Comptroller to take charge. Examiner Selden has been appointed receiver. The bank has a capital of $50,000.

10. January 3, 1901 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, January 3, 1901

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Article Text

MICHIGAN BANK CLOSED. Comptroller of Currency Will Take Charge of the Institution. Washington, Dec. 28.-The First National bank of White Pigeon, Mich., was closed yesterday by order of the comptroller upon the receipt of a telegram from National Bank Examiner Selden stating that the board of directors of the bank had passed a resolution requesting the comptroller to take charge. Examiner Selden has been appointed receiver.

11. January 3, 1901 Griggs Courier Cooperstown, ND
Article from Griggs Courier, January 3, 1901

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Article Text

Bank Closed. Washington, Dec. 28.-The First national bank of White Pigeon, Mich., was closed Thursday by order of the comptroller of the currency upon receipt of a telegram from National Bank Examiner J. W. Selden that the board of directors of the bank had passed a resolution requesting the comptroller to take charge. Examiner Selden was in the bank at the time the resolution of the board was adopted and has been appointed receiver.

12. January 4, 1901 The Yale Expositor Yale, MI
Article from The Yale Expositor, January 4, 1901

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Article Text

MICHIGAN NEWS ITEMS. Yale is to have a new $15,000-hotel in the spring. Calumet was visited by a $3,000-fire on Christmas day. There were 44 deaths in Oakland county during November. Burglars operated at Flat Rock and Waltz on the night of the 26th, but did not secure any booty. The present indications are that the village of Homer will be involved in fight in the courts to secure the privilege of selling the $10,000-water works bonds. €Kalamazoo is to have another paper factory in the near future for the manufacture of Manila tissue paper. The new company will be capitalized at $100,000. Malcolm J. McLeod, walking delegate of the Detroit Street Railway Men's association, has accepted the position of deputy labor commissioner, tendered him by Gov.-elect Bliss. The First National bank of White Pigeon was closed on the 27th by National Bank Examiner Jos. W. Selden, pending the appointment of a receiver. Depositors will undoubtedly be paid in full. Three cars of sugar and merchandise were spilled along the tracks of the F. & P. M. at Northville on the 25th, caused by a collision of a passenger and freight train. No one was hurt. Shippers of live stock in Branch county are raising a howl against the railroads because they do not get prompt shipment of live stock. They have appealed to the railroad commissioner. The city council of Detroit on the night of the 26th granted J. W. Martin an ordinance for a new telephone exchange. Mr. Martin will commence the organization of the new company at once. A nervy thief stole into the waiting room of the Michigan Central depot, Detroit, on the morning of the 28th and stole a mail pouch containing checks and drafts valued at $70,000. No clue. Eau Claire was visited by a destruetive fire on the morning of the 25th. Fully one-third of that hustling village was destroyed. The aggregate losses are estimated at $20,000. The stores destroyed will be rebuilt. According to Railroad Commissioner Osborn's annual report there were 194 persons killed and 599 injured by the cars in this state last year. He advises that electric roads be brought under police power of the state. Tom L. Johnson, for many years one of the stockholders in the Detroit Citizens' Street Railway company, has disposed of his interests in that company to R. T. Wilson and Chas. Pack. The actual work of consolidation will now be completed without further delay. According to an opinion handed down by Atty.-Gen. Oren it is the duty of each township in the state to establish its own hospital for communicable diseases. However, adjoining townships may go in together and establish quarantine grounds at the joint expense of the townships using it. Proof that a man may live with a bullet in his heart was afforded by the use of the X-ray upon Chas. B. Nelson, of Cadillac, at Chicago on the 24th.

13. January 4, 1901 The Ely Miner Ely, MN
Article from The Ely Miner, January 4, 1901

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Article Text

Bank Closed. Washington, Dec. 28.-The First national bank of White Pigeon, Mich., was closed Thursday by order of the comptroller of the currency upon receipt of a telegram from National Bank Examiner J. W. Selden that the board of directors of the bank had passed a resolution requesting the comptroller to take charge. Examiner Selden was in the bank at the time the resolution of the board was adopted and has been appointed receiver.