State Savings Bank - Lowell, MI

Episode Information

Episode UID: 74036671616
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 7403667 routing
Routing Number: 74-0366
Start Date: August 15, 1934
Location: Lowell, Michigan (42.934, -85.342)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: bcb797b44aed517a

Response Measures

None

Description

Reopening license implies an earlier suspension by regulators; that suspension is not explicitly dated in the article.

Events (2)

1. August 15, 1934 Reopening

Newspaper Excerpt: has issued a license for the reopening of the State Savings Bank of Lowell, Mich., effective Aug. 15.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Closed prior to reopening and required a federal/state license to resume (regulatory action)
Newspaper Excerpt: The Federal Reserve bank of Chicago, at the direction of the secretary of the treasury, has issued a license for the reopening...
Source: newspapers

Newspaper Articles (1)

1. August 12, 1934 Chicago Tribune Chicago, IL

Article Text

State Bank, Lowell, Mich., Will Reopen August 15 The Federal Reserve bank of Chicago, at the direction of the secretary of the treasury, has issued a license for the reopening of the State Savings Bank of Lowell, Mich., effective Aug. 15. This bank grew out of a merger of the City State bank, a member bank, and the Lowell State bank, a nonmember bank.