Peoples Wayne County Bank (Wyandotte, MI)

Episode Information

Episode UID
74020571608
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7402057 routing
Routing Number
74-0205
Start Date
December 16, 1933
Location
Wyandotte, Michigan (42.211, -83.157)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
257166b6ce3a8c18

Response Measures

None

Description

Bank closed in 1933 and remained in receivership with final liquidation proceedings in 1945.

Events (4)
1. December 16, 1933 Suspension
Cause Details
Bank had closed earlier in 1933 and remained closed; articles do not specify precise trigger (e.g., insolvency vs. holiday).
Newspaper Excerpt
depositors of the closed Peoples Wayne County Bank
Source
newspapers
2. January 20, 1939 Receivership
Newspaper Excerpt
Receiver Joseph J. McGrath, of the closed Peoples Wayne County Bank of Wyandotte, is paying depositors another ten per cent dividend.
Source
newspapers
3. December 15, 1939 Receivership
Newspaper Excerpt
Receiver J. J. McGrath will distribute checks representing a 10 per cent and final dividend to depositors. This makes a 100 per cent return of the depositors' money.
Source
newspapers
4. January 15, 1945 Receivership
Newspaper Excerpt
petition of Joseph McGrath, receiver of The Peoples Wayne County Bank of Wyandotte, Michigan, for order approving, ratifying and confirming liquidation of said Bank ... dissolving said Banking Corporation
Source
newspapers

Newspaper Articles (10)
1. December 16, 1933 Detroit Free Press Detroit, MI

Article Text

Wyandotte Bank Payoff Is Begun $5,000 Is Claimed by A and B Accounts The new Wyandotte National Bank Friday $5,000 of $125,000 which was available, according to an made by Hays Metcalf at the close business for the day. The $125,000 money contained in accounts of depositors of the closed Peoples Wayne County Bank and First National Bank of offs of and 30 cent, per 96 per the B the old transferred their money the new institution. Total deposits of approximately $250,000 during the day's business. Metcalf whose names begin with D. and will be paid off Saturday. when the bank will be open until the evening. Depositors of the Wayne County Bank are being paid the National Bank Building on Biddle Ave Oak First depositors receive at the old First National Bank Building 3138 Biddle The payoff will be completed before Christmas, and will total about $600,000. according for the old Further payoffs take place through assets of old institutions are liquidated.

2. January 20, 1939 The Wyandotte Herald Wyandotte, MI
Article from The Wyandotte Herald, January 20, 1939

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Article Text

DEPOSITORS IN CLOSED BANK GET DIVIDEND Starting on Monday of the present week, Receiver Joseph J. McGrath, of the closed Peoples Wayne County Bank of Wyandotte, is paying depositors another ten per cent dividend. This applies to both commercial and savings depositors, and brings the total payment since the closing in 1933 to 90. per cent. The total amount of the dividend is in the neighborhood of $115,000. When ealling at the bank for their money, depositors must bring their receiver's receipts. issued at the time of the first payment.

3. December 15, 1939 The Wyandotte Herald Wyandotte, MI
Article from The Wyandotte Herald, December 15, 1939

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Article Text

RECEIVER M'GRATH INSANTA CLAUS ROLE BEFORE CHRISTMAS Here's good news for depositors in the closed Peoples Wayne County bank of Wyandotte. Within the next week or ten days, as soon as the necessary clerical work can be completed, Receiver J. J. McGrath will distribute checks representing a 10 per cent and final dividend to depositors. This makes a 100 per cent return of the depositors' money. Should remaining assets prove sufficient, depositors may also receive later an interest payment for the time their money was tied up.

4. December 22, 1939 The Wyandotte Herald Wyandotte, MI
Article from The Wyandotte Herald, December 22, 1939

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Article Text

$115,000 TO BE PAID OUT TO DEPOSITORS At 9 o'clock yesterday morning, Receiver J. J. McGrath,' of the closed Peoples Wayne County bank of Wyandotte, began the disbursal to depositers of a $115,000 final payoff. When this is completed, the bank will have paid its depositors in full, with the prospect of a later payment in interest on deposits. The present payoff is being made at the office of the receiver, 2903 Biddle avenue. Depositors must bring their receiver's receipts, in order to get their money.

5. July 5, 1940 The Wyandotte Herald Wyandotte, MI
Article from The Wyandotte Herald, July 5, 1940

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Article Text

Property Offered to School Board The Board of Education. at its session Monday night, received a communication from J. J. McGrath, receiver of the Peoples Wayne County Bank of Wyandotte, offering the board a piece of property located at 1038-1064 Biddle avenue, and adjoining the Labadie school, "at a sacrifice." President Charles S. Johnson appointed Trustees William J. Homeister and Charles H. Block as a committee to confer with Mr. McGrath regarding the purchase. The committe is to make its report at the next meeting of the board.

6. July 5, 1940 The Wyandotte Herald Wyandotte, MI
Article from The Wyandotte Herald, July 5, 1940

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Article Text

This is to certify that the above vouchers amounting to $3,071.26 have been examined: that the articles or services called for have been received; that prices and computations are correct; that all invoices, receiving notices and supporting data are attached and in order, and that the proper accounts have been charged. The Treasurer is hereby authorized to pay the above vouchers. Wm. A. Marsh, President. Arthur E. Baisley, Secretary. Trustee Block moved that the bills be approved. and that the treasurer be authorized to draw warrants on the proper funds for the payment of same. Trustee Homeister seconded the motion. Ayes: Trustees Allman. Block. Homeister. Johnson, Kalash, McInerney and Steele. Nays: None. The motion was carried. A communication was received from J. J. McGrath. receiver. Peoples Wayne County Bank of Wyandotte, stating that a piece of property located at 1038-1064 Biddle Avenue and adjoining the Labadie School could be purchased by the Board at a sacrifice. The president appointed Trustee Homeister and Trustee Block to communicate with the receiver regarding this purchase and report at the next meeting. Trustee Block moved to adjourm. Trustee Kalash seconded the motion. Ayes: Trustees Allman, Block, Homeister. Johnson. Kalash. MeInerney and Steele. Nays: None. The meeting was adjourned. ARTHUR E. BAISLEY. Secretary.

7. October 30, 1944 The Wyandotte News-Herald Wyandotte, MI
Article from The Wyandotte News-Herald, October 30, 1944

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Article Text

Joseph J. McGrath, Receiver of the Peoples Wayne County Bank of Wyandotte, a Michigan Banking Corporation.

8. January 15, 1945 The Wyandotte News-Herald Wyandotte, MI
Article from The Wyandotte News-Herald, January 15, 1945

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Article Text

Legal Notice STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF WAYNE IN CHANCERY RUDOLPH E. REICHERT, State Banking Commissioner, Plaintiff -vsPEOPLES WAYNE COUNTY BANK OF WYANDOTTE, a Michigan Banking Corporation, Defendant No. 221,877 In Re: Petition of Joseph McGrath, receiver of The Peoples Wayne County Bank of Wyandotte, Michigan, for order approving, ratifying and confirming liquidation of said Bank, disposition of certain uncalled for funds on hand, discharging said receiver and dissolving said Banking Corporation. ORDER TO SHOW CAUSE At a session of the above named Court. held in the Courthouse at the City of Detroit, Michigan, on the 12th day of January, A. D. 1945. Present. Honorable Lila M. Neuenfelt, Circuit Judge On reading and filing the sworn petition of Joseph J. McGrath, Receiver of the Peoples Wayne County Bank of Wyandotte, Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed, and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition this Court enter an Order approving, ratifying and confiming the official liquidation of the Peoples Wayne County Bank of Wyandotte, Michigan, by said petitioner and his predecessor receiver, as receiver and successor receiver, of said bank, including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corpoation, and for other and further relief as in said petition prayed, including the final disposition of certain cash funds now in the possession of said petitioner receiver covering and representing certain uncalled for dividends on proven claims, And, it further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said parties in interest are non-resident or absent from the State of Michigan, and their whereabouts cannot be ascertained, and because of the diverse changes that have occured in the identity of the parties interested by reason of death, transfers of interest, or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class, to-wit, common to all of the stockholders and creditors of bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters, and circumstances set forth in said petition and in due consideration thereof, IT IS HEREBY ORDERED, That each and every creditor, stockholder and other person interested in the receiver liquidation of the Peoples Wayne County Bank of Wyandotte, Michigan, and in the discharge of said receiver and the dissolutioin of the corporate existence of said Peoples Wayne County Bank of Wyandotte, Michigan, together with the final disposition of certain cash funds now in the possession of said petitioner receiver covering and representing certain uncalled for dividends on proven claims, be and appear before this Court on the 16th day of February, A. D. 1945, at the Circuit Court room in the City of Detroit, State of Michigan, at the opening of Court on said day, or as soon thereafter as counsel can be heard. and THEN AND THERE TO SHOW CAUSE, if any thore be, why the prayer of said petitioner should not be granted and and order entered in said matter, approving, ratifying and confirming the receiver liquidation of the Peoples Wayne County Bank of Wyandotte, Michigan, and discharge of the petitioning receiver thereof. directing final disposition of certain cash funds now in the possession of said petitioner receiver covering certain uncalled for dividends on proven claims. and the final dissolution of the corporate existence of the said Peoples Wayne County Bank of Wyandotte, Michigan, be decreed. pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of Joseph J. McGrath, Receiver of said Peoples Wayne County Bank of Wyandotte, Michigan, and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED, and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing, be served personally on J. R. Wagner, Hattie M. Danz and Wilfred Kane, deposit creditors and on A. C. Milne. Milton B. Davis and Guy E. Pooley, stockholders creditors of said bank, at least six days prior to the date herein fixed and designted for the hearing on said petition, and that a copy of this order be published in The Wyandotte NewsHerald, a newspaper printed, published and in general circulation in the County of Wayne, State of Michigan, once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. Lila M. Neueneft, Circuit Judge. A true copy By Dom Wojcik, Deputy Clerk Casper J. Lingeman, Clerk Jan. 15, 22, 29, Feb. 5th

9. January 22, 1945 The Wyandotte News-Herald Wyandotte, MI
Article from The Wyandotte News-Herald, January 22, 1945

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Article Text

BE DOUBLY ALERTATNIGHT Legal Notice STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF WAYNE IN CHANCERY No. 221,877 RUDOLPH E. REICHERT, State Banking Commissioner, Plaintiff -vsPEOPLES WAYNE COUNTY BANK OF WYANDOTTE, a Michigan Banking Corporation, Defendant In Re: Petition of Joseph McGrath, receiver of The Peoples Wayne County Bank of Wyandotte, Michigan, for order approving, ratifying and confirming liquidation of said Bank, disposition of certain uncalled for funds on hand, discharging said receiver and dissolving said Banking Corporation. ORDER TO SHOW CAUSE At a session of the above named Court, held in the Courthouse at the City of Detroit, Michigan, on the 12th day of January, A. D. 1945. Present. Honorable Lila M. Neuenfelt, Circuit Judge On reading and filing the sworn petition of Joseph J. McGrath, Receiver of the Peoples Wayne County Bank of Wyandotte, Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed, and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition this Court enter an Order approving, ratifying and confiming the official liquidation of the Peoples Wayne County Bank of Wyandotte, Michigan, by said petitioner and his predecessor receiver, as receiver and successor receiver, of said bank, including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corpoation, and for other and further relief as in said petition prayed, including the final disposition of certain cash funds now in the possession of said petitioner receiver covering and representing certain uncalled for dividends on proven claims, And, it further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said parties in interest are non-resident or absent from the State of Michigan. and their whereabouts cannot be ascertained, and because of the diverse changes that have occured in the identity of the parties interested by reason of death, transfers of interest, or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class, to-wit, common to all of the stockholders and creditors of bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters, and circumstances set forth in said petition and in due consideration thereof, IT IS HEREBY ORDERED, That each and every creditor, stockholder and other person interested in the receiver liquidatiion of the Peoples Wayne County Bank of Wyandotte, Michigan, and in the discharge of said receiver and the dissolutioin of the corporate existence of said Peoples Wayne County Bank of Wyandotte, Michigan, together with the final disposition of certain cash funds now in the possession of said petitioner receiver covering and representing certain uncalled for dividends on proven claims, be and appear before this Court on the 16th day of February. A. D. 1945, at the Circuit Court room in the City of Detroit, State of Michigan, at the opening of Court on said day, or as soon thereafter as counsel can be heard. and THEN AND THERE TO SHOW CAUSE, if any there be, why the prayer of said petitioner should not be granted and and order entered in said matter, approving ratifying and confirming the receiver liquidation of the Peoples Wayne County Bank of Wyandotte, Michigan, and discharge of the petitioning receiver thereof, directing final disposition of certain cash funds now in the possession of said petitioner receiver covering certain uncalled for dividends on proven claims, and the final dissolution of the corporate existence of the said Peoples Wayne County Bank of Wyandotte, Michigan, be decreed. pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of Joseph J. McGrath, Receiver of said Peoples Wayne County Bank of Wyandotte, Michigan, and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED, and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing, be served personally on J. R. Wagner, Hattle M. Danz and Wilfred Kane. deposit creditors and on A. C. Milne, Milton B. Davis and Guy E. Pooley, stockholders creditors of said bank, at least six days prior to the date herein fixed and designted for the hearing on said petition, and that a copy of this order be published in The Wyandotte NewsHerald, a newspaper printed, published and in general circulation in the County of Wayne, State of Michigan. once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. Lila M. Neueneft. Circuit Judge A true copy By Dom Wojcik, Deputy Clerk Casper J. Lingeman, Clerk Jan. 15, 22, 29, Feb. 5th

10. February 5, 1945 The Wyandotte News-Herald Wyandotte, MI
Article from The Wyandotte News-Herald, February 5, 1945

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Article Text

Legal Notices STATE OF MICHIGAN IN THE CIRCUIT COURT FOR THE COUNTY OF WAYNE IN CHANCERY No. 221,877 RUDOLPH E. REICHERT, State Banking Commissioner, Plaintiff -vsPEOPLES WAYNE COUNTY BANK OF WYANDOTTE, a Michigan Banking Corporation, Defendant In Re: Petition of Joseph McGrath, receiver of The Peoples Wayne County Bank of Wyandotte, Michigan, for order approving, ratifying and confirming liquidation of said Bank. disposition of certain uncalled for funds on hand, discharging said receiver and dissolving said Banking Corporation. ORDER TO SHOW CAUSE At a session of the above named Court. held in the Courthouse at the City of Detroit, Michigan, on the 12th day of January, A. D. 1945. Present, Honorable Lila M. Neuenfelt, Circuit Judge On reading and filing the sworn petition of Joseph J. McGrath, Receiver of the Peoples Wayne County Bank of Wysndotte, Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed. and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition this Court enter an Order approving, ratifying and confiming the official liquidation of the Peoples Wayne County Bank of Wyandotte, Michigan, by said petitioner and his predecessor receiver, as receiver and successor receiver, of said bank, including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corpoation, and for other and further relief as in said petition prayed, including the final disposition of certain cash funds now in the possession of said petitioner receiver covering and representing certain uncalled for dividends on proven claims, And, it further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said parties in interest are non-resident or absent from the State of Michigan, and their whereabouts cannot be ascertained, and because of the diverse changes that have occured in the identity of the parties interested by reason of death, transfers of interest, or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class, to-wit, common to all of the stockholders and creditors of bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters, and circumstances set forth in said petition and in due consideration thereof, IT IS HEREBY ORDERED, That each and every creditor. stockholder and other person interested in the receiver liquidatiion of the Peoples Wayne County Bank of Wyandotte, Michigan, and in the discharge of said receiver and the dissolutioin of the corporate existence of said Peoples Wayne County Bank of Wyandotte, Michigan, together with the final disposition of certain cash funds now in the possession of said petitioner receiver covering and representing certain uncalled for dividends on proven claims, be and appear before this Court on the 16th day of February, A. D. 1945. at the Circuit Court room in the City of Detroit, State of Michigan, at the opening of Court on said day, or as soon thereafter as counsel can be heard, and THEN AND THERE TO SHOW CAUSE, if any there be, why the prayer of said petitioner should not be granted and and order entered in said matter, approving, ratifying and confirming the receiver liquidation of the Peoples Wayne County Bank of Wyandotte, Michigan, and discharge of the petitioning receiver thereof. directing final disposition of certain cash funds now in the possession of said petitioner receiver covering certain uncalled for dividends on proven claims, and the final dissolution of the corporate existence of the said Peoples Wayne County Bank of Wyandotte, Michigan, be decreed, pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of Joseph J. McGrath, Recelver of said Peoples Wayne County Bank of Wyandotte, Michigan, and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED, and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing. be served personally on J. R. Wagner, Hattie Ms Danz and Wilfred Kane. deposit creditors and on A. C. Milne, Milton B. Davis and Guy E. Pooley, stockholders creditors of said bank, at least six days prior to the date herein fixed and designted for the hearing on said petition, and that a copy of this order be published in The Wyandotte NewsHerald. a newspaper printed, published and in general circulation in the County of Wayne, State of Michigan, once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. Lila M. Neueneft, Circuit Judge. true conz