Newaygo County Bank (White Cloud, MI)

Episode Information

Episode UID
74050871516
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7405087 routing
Routing Number
74-0508
Start Date
April 15, 1926
Location
White Cloud, Michigan (43.550, -85.772)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0c0e033941ca2d7d

Response Measures

None

Description

Sources give two dates: receiver named mid-April 1926 and failure dated April 26, 1926.

Events (4)
1. April 15, 1926 Receivership
Newspaper Excerpt
Depositors ... have voted to have a receiver appointed by the old state bank of Freemont.
Source
newspapers
2. April 15, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Delayed payments on loans caused the bank to close its doors and seek a receiver.
Newspaper Excerpt
Depositors of the Newaygo county bank, a private institution, which recently closed its doors, have voted to have a receiver appointed by the old state bank of Freemont.
Source
newspapers
3. April 26, 1926 Other
Newspaper Excerpt
the Newaygo County bank at White Cloud failed April 26, 1926, ... The Newaygo County bank failed for about $47,000.
Source
newspapers
4. April 8, 1927 Other
Newspaper Excerpt
granting the petition of the bank receiver, the Old State bank of Fremont, to pay a 20 per cent dividend on liabilities, amounting to $44,000.
Source
newspapers

Newspaper Articles (2)
1. April 15, 1926 Lansing State Journal Lansing, MI
Article from Lansing State Journal, April 15, 1926

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Article Text

Bank Receiver Named WHITE CLOUD, Mich., April 15.—(By U.P.)—Depositors of the Newaygo county bank, a private institution, which recently closed its doors, have voted to have a receiver appointed by the old state bank of Freemont. Delayed payments on loans are said to have caused the action. B. C. Sicles is president.

2. April 8, 1927 Battle Creek Moon-Journal Battle Creek, MI
Article from Battle Creek Moon-Journal, April 8, 1927

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Article Text

DEFUNCT BANK AT BIG RAPIDS PAYS CLAIMS Big Rapids, Mich., April 8.—Officials of the township, the White Cloud board of education, the Odd Fellow lodge and numerous small creditors who lost their deposits when the Newaygo County bank at White Cloud failed April 26, 1926, are rejoicing because of an order by Judge Joseph Barton of Big Rapids, granting the petition of the bank receiver, the Old State bank of Fremont, to pay a 20 per cent dividend on liabilities, amounting to $44,000. Depositors whose claims were below $50 each have been paid by a bank officer, it is said, with prospects that claims not exceeding $100 also will be cared for. It is expected another dividend will be declared in 60 days. The Newaygo County bank failed for about $47,000.