Farmers & Merchants State Bank (Carson City, MI)

Episode Information

Episode UID
74097771587
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7409777 routing
Routing Number
74-0977
Start Date
March 10, 1932
Location
Carson City, Michigan (43.177, -84.846)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
048a8b59c40bdf8e

Response Measures

None

Description

Bank is repeatedly described as closed and represented by a receiver in 1932–1933.

Events (3)
1. March 10, 1932 Receivership
Newspaper Excerpt
The receiver of the Farmers & Merchants banks in Carson City informed Mr. Voorhies he had succeeded in increasing the banks assets by $6,012 through restitution.
Source
newspapers
2. March 10, 1932 Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in receivership (closed banks referenced in articles).
Newspaper Excerpt
The receiver of the Farmers & Merchants banks in Carson City informed Mr. Voorhies he had succeeded in increasing the banks assets by $6,012 through restitution.
Source
newspapers
3. October 6, 1933 Other
Newspaper Excerpt
Receivers represent ... the Farmers and Merchants State bank of Carson City. Intention to make a test case over the issue in Montcalm circuit court before Judge Royal A. Hawley is indicated by the attorney general and the public administrator.
Source
newspapers

Newspaper Articles (3)
1. March 10, 1932 The Saginaw News Saginaw, MI

Article Text

SUITS ARE PLANNED BY BANK RECEIVERS Plan Action to Compel Return of Deposits Withdrawn Illegally. BY GUY H. JENKINS. (Daily News Staff Correspondent.) LANSING, March 10.—Several state bank receivers and their attorneys are preparing suits against officers and directors of closed banks who withdrew funds from their institutions just prior to their closing, Paul W. Voorhies, attorney general was advised Thursday. Mr. Voorhies recently sent notices to all receivers calling their attention to reports that had reached him to the effect that hundreds of thousands of dollars had been withdrawn, through inside information that the banks were insolvent, and directing them to take action to recover the assets. The receiver of the Farmers & Merchants banks in Carson City informed Mr. Voorhies he had succeeded in increasing the banks assets by $6,012 through restitution. The affairs of several banks in Wayne and Oakland counties are to be the subjects of a grand jury investigation, the attorney general was informed. No receivers have reported any suspicion of irregularity that called for criminal prosecution, Mr. Voorhies said.

2. March 10, 1932 The Grand Rapids Press Grand Rapids, MI

Article Text

CARSON CITY BANK ASSETS INCREASED BY RESTITUTION bank and their attorneys preparing suits against officers directors of closed banks who withdrew funds from their institutions just prior to their closing, Paul advised Thursday Voorhies recently sent notices to receivers calling their attention reports reaching him to the ef fect that hundreds of thousands dollars had been withdrawn through inside information that the banks were insolvent and directing them to take action to recover the assets The receiver of the Farmers & Merchants bank in Carson City formed Voorhies he had succeeded in increasing the bank's assets by $6,012 through restitution. The fairs of several banks in Wayne and counties are to be the subject of grand jury investigation, the attorney general was informed. No receivers have reported any suspicion of irregularity. Voorhies said. that called for criminal prose-

3. October 6, 1933 The Grand Rapids Press Grand Rapids, MI

Article Text

PLANS TEST CASE ON ESCHEATS LAW O'Brien Says Enforcement of Act Cannot Be Prevented. constitutional holds that the enforcement of the law cannot be prevented because bank depositors neglect to file claim for their deposit in closed bank. By this answer, prepared jointly by the attorney general and Maxwell L. Black, state public administrator, the burden of proof of the unconstitution of the law is thrown upon the receivers of five closed Montcalm county banks. They are opposing the demand of Black that they turn certain funds over to the state. The under the new law, has the right to seize unclaimed and abandoned deposits in bank, Receivers say that many depositors neglected to file claims for their deposits within the allotted period. Receivers represent the Edmore State bank, the Peoples State bank of Sheridan, the Peoples State bank of Butternut, the Trufant State bank and the Farmers and Merchants State bank of Carson City. Intention to make a test case over the issue in Montcalm circuit court before Judge Royal A. Hawley is indicated by the attorney general and the public administrator The receivers are represented by D. Hale Brake, Morris K. Davis and Frank A. Miller, all of Stanton.