Depositors State Bank (Northville, MI)

Episode Information

Episode UID
74037271599
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7403727 routing
Routing Number
74-0372
Start Date
March 21, 1933
Location
Northville, Michigan (42.431, -83.483)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
96f9b9920e46c869

Response Measures

None

Description

Bank was in receivership and involved in a merger/reorganization prior to reopening.

Events (2)
1. March 21, 1933 Reopening
Newspaper Excerpt
The additions are the Depositors State bank, Northville... resumed business on orders from Rudolph Reichert, state ... have reopened within the last eight days additions are the Depositors State bank, Northville, Macomb County ... .
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Bank was in receivership and had been closed for about a year pending reorganization and merger.
Newspaper Excerpt
Both have been closed for year. . . . permit the bank's receiver to pay off depositors who have objected to the reorganization plan.
Source
newspapers

Newspaper Articles (2)
1. December 26, 1932 Detroit Free Press Detroit, MI

Article Text

Bank at Northville Will Reopen Soon Circuit Judge Joseph A. Moynihan signed an order Saturday to permit the reopening within two weeks of the Lapham State Savings Bank of Northville, and to permit the bank's receiver to pay off depositors who have objected to the reorganization plan. According to E. W. Nelson, state bank the bank will merge with the Northville State Savings Bank, also in receivership. Both have been closed for year. Nelson told the court Northville could support only one bank successfully, Standard Quality Suits and that the joining of the two would create a substantial institution.

2. March 21, 1933 The Herald-Palladium Benton Harbor, MI

Article Text

MORE MICHIGAN BANKS REOPENED (By Associated Press) CHICAGO, March Federal Reserve Bank of Chicago announced last night the Isabella County State Mt. Pleasant, Mich., had been granted permission to reopen. LANSING, March additionbanks Michigan today resumed business on orders from Rudolph Reichert, state Five are state banks which are not the Federal Reserve while the sixth trust company. The the numstate banks which have reopened within the last eight days additions are the Depositors State bank, Northville, Macomb County Mt. Clemens; Farmers State bank, Grass Lake: State Bank of East Jordan; State Savings bank, and the Jipson Carter State bank, Blissfield.