Farmers State Bank (Vicksburg, MI)

Episode Information

Episode UID
74038071583
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7403807 routing
Routing Number
74-0380
Start Date
November 1, 1931*
Location
Vicksburg, Michigan (42.120, -85.533)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
036cc2600d8fbbd5

Response Measures

None

Description

Articles state the bank closed in Nov. 1931 and a receiver (Karl Gibson) was appointed.

Events (2)
1. November 1, 1931* Receivership
Newspaper Excerpt
Gibson was appointed receiver of Farmers State bank, Vicksburg... When Gibson was appointed receiver of the Vicksburg bank Nov. 1931, the assets included promissory notes given by the defendant shortly before the bank closed .
Source
newspapers
2. November 1, 1931* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed Nov. 1931 with outstanding promissory notes and insolvency leading to appointment of a receiver.
Newspaper Excerpt
Gibson was appointed receiver of Farmers State bank, Vicksburg... bank closed Nov. 1931.
Source
newspapers

Newspaper Articles (4)
1. May 20, 1933 The Kalamazoo Gazette Kalamazoo, MI

Article Text

RUMOR PERSISTS ON SEC. WOODIN Significance Seen in Conference with Roosevelt Over Appointments. Rumors that of the ing early withdrawl for the cabinet persisted Friday in the face of repeated. vigorous denials from The White House dismissed speculation the resignation of Woodin with. "There's nothing to some observers attached significance to discussion President Roosevelt and his treasury secretary which appointments were Woodin explained the meeting with Mr. Roosevelt "on the matter of appointment of federal board others. Who and what the others were Kalamazoo Floyd and Emma B. Marple to Flossie M. Gibbs, land in P. den Benjamin H and Martha A. Meninga to Christ and Mina Wenke. land in section 8. Clarence A. and Idabell Edwards. Vicksburg. to Karl Gibson receiver of Farmers State bank, Vicksburg. Snell to Charles G. and Tracy all Wakeshma township and Mary Roberts. Calhoun County land in section 32. Wakeshma township.

2. May 12, 1934 The Kalamazoo Gazette Kalamazoo, MI

Article Text

ASKS ASSESSMENT OF 100 PER CENT Receiver for Farmers State Bank, Vicksburg, and Stockholders Heard. Hearing was held Friday afternoon before Judge George V. Weimer on a suit brought by Karl Gibson, receiver of Farmers State Bank of Vicksburg, for the assessment of stock liability against several alleged stockholders in the bank. Proofs were concluded during the afternoon, and the matter was adjourned for the filing of briefs and arguments by the attorneys.

3. May 16, 1934 The Kalamazoo Gazette Kalamazoo, MI

Article Text

ARGUMENTS HEARD IN BANK RECEIVER SUIT Arguments of attorneys were made Tuesday afternoon before Judge George V. Weimer in a suit brought by Karl Gibson, receiver of Farmers State Bank of Vicksburg, against L. H. and Ferris H. Oswalt, Charles J. Hudson, Donald C. Richardson, Claude E. Williams, R. E. Fair, Mary E. Harley, and William E. White, Charles G. Porter, and Myrta Betts, alleged stockholders in the bank. Gibson is asking the court to order a 100 per cent stock assessment against the defendants. Hearing was held last Friday before Judge Weimer, who has the case under advisement. Arguments were made Tuesday afternoon by Charles H. Farrell for the plaintiff, and by Harry C. Howard and Don B. Sharpe for the defendants. The attorneys also expect to file briefs.

4. July 6, 1934 The Kalamazoo Gazette Kalamazoo, MI

Article Text

VICKSBURG BANK GIVEN JUDGMENT Robert J. Gilmore Must Pay $1,007.81, Ruling of Judge Covert. Judgment for the plaintiff in FARMER suit brought by Kar Gibson as receiver of Farmers State Bank FARMER Vicksburg against Robert Gil. awarded in decision filed Friday in circuit court by Judge Frank L. Covert, Pontiac. who sat in hearing several weeks ago on the plaintiffs motion for summary judgment When Gibson was appointed reof the Vicksburg bank Nov. the of the bank included promissory notes given by the defendant shortly before the bank closed The last Convenient note became due and payable Nov. 1931. At the time the bank closed James Gilmore. brother the defendant, owned in certificates, representing funds which had been deposited in the bank. His claim against the for the EGGS amount of the deposits was allowed later Gilmore died Jan. 22. 1933. When his will was probated the certificates of deposit were assigned to his brother, Robert, who in suit brought against him by POTATOES the receiver on his note, asked bank the court to set off the claim by him from his brother's estate, against the notes. Judge Covert, in his decision Friday, said he was unable to find any law such an He the plaintiff judgment for $1,007.81 the due on Gilmore's notes in amount principle and interest.