Paw Paw Savings Bank (Paw Paw, MI)

Episode Information

Episode UID
74037871599
Episode Type
Suspension → Reopening
Bank Type
savings
Bank ID
7403787 routing
Routing Number
74-0378
Start Date
March 4, 1933
Location
Paw Paw, Michigan (42.218, -85.891)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3f55174178b579ec

Response Measures

None

Description

Merger with John W. Free State Bank was ordered by the Michigan banking department.

Events (3)

1. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Closed and later merged on order of the Michigan banking department
Newspaper Excerpt
The Paw Paw Savings bank closed since March 4, 1933
Source
newspapers
2. August 4, 1935 Reopening
Newspaper Excerpt
Paw Paw Bank Reopens—4 — The Paw Paw Savings bank closed since March 4, 1933, reopened
Source
newspapers
3. * Other
Newspaper Excerpt
The required 92 percent of Paw Paw Savings bank depositors have signed waivers, and $25,000 in stock has been fully subscribed to facilitate the bank's reopening. Paw Paw Banks Merge— The Paw Paw Savings bank was merged with the John W. Free State bank on order of the Michigan banking department. Reopen Paw Paw Bank; Pay Depositors $100,000
Source
newspapers

Newspaper Articles (3)

Article Text

MARCH Senator Leland In Grand Rapids Bank Plans Reopening— 3—The required 92 percent of Paw Paw Savings bank depositors have signed waivers, and $25,000 in stock has been fully subscribed to facilitate the bank's reopening. Nab Hartford Youths— 3—Ronald Haney, 21, and Robert Stewart, 17, who admitted taking a car owned by Stephen Doyle from a downtown Hartford garage, are being held in jail at Gallup, N. M., charged with robbing and beating a gasoline station owner. $25,000 Fire in Decatur— 3—Damage of about $25,000 was caused when fire destroyed Decatur's village hall, public library, council rooms, American Legion museum pieces, and the village fire-fighting equipment. Cause of the fire was unknown. Bank Receiver 'Out'— 5—Frank Stapleton, Decatur, receiver for the defunct Olney National bank at Hartford, was removed and Cecil Runyan, South Haven, who is also receiver for the First National bank of Paw Paw, was appointed to succeed him. Purchase Old Church— 6—The Catholic parish in Decatur purchased the former Reformed church building and will remodel for a Holy Family edifice. The old church will be torn down. Turn Down Glass Sales— 6—South Haven voters turned down glass sales of liquor at the spring elections Monday by a vote of 946 to 742. Aged Man Dies In Fire— 6—Joseph Mowrer, 82, was suffocated by smoke at Bangor in a fire which swept through two downtown store buildings, causing a loss of about $20,000. Six other residents of an upstairs apartment escaped in their night clothing. Covert Honors Couple— 8—Mr. and Mrs. N. S. Sink, Covert, were honored by 200 townspeople who attended a banquet to observe the couple's 50th wedding anniversary. Mr. and Mrs. William Frary, Covert, celebrated their 59th wedding anniversary this week. Elect Village Heads— 12—New village officers elected in Van Buren towns on March 12 were: Paw Paw, Dr. F. A. Racette;* Decatur, Dr. William P. Bope;* Lawton, James Weurding; Bangor, Emerson Orr; Gobles, Albert Waucheck; Bloomingdale, Walter Wickett; Breedsville, W. E. Freude;* Hartford, Charles Abbott; Lawrence, George Dillenbeck.* (Star indicates re-election.) Dr. Penoyar Dies— 13—Dr. Francis C. Penoyar, 64, South Haven X-ray specialist and founder of Penoyar Memorial hospital, died after several weeks' illness. Supervisor Celebrates— 15—Supervisor and Mrs. Charles E. Robinson, will observe their 50th wedding anniversary Sunday. Both are pioneer residents.


Article Text

Give Post to Son— 17—John Gillesby, son of the late county board chairman, was named as Hamilton supervisor to its township board. He will serve until next April. Sets Budget $136,793.76— 20—Van Buren's budget for the coming fiscal year was set at $136,793.76, a reduction of $3,000 over 1933 figures. The supervisors voted not to pay one-third of state welfare costs in Van Buren until 55 percent of all taxes are collected. No Covert road tax will be imposed in 1934-35. Court Bailiff Dies— 20—C. W. "Dad" Reynolds, court bailiff in Circuit Judge Glenn E. Warner's court for 20 years, was claimed by death at the home of a son in Chicago. Family Away, Home Burns— 22—Henry Weber, Jr., and family returned to their farm home near Covert and found it burned to the ground. They had been visiting the World's Fair. Paw Paw Banks Merge— 23—The Paw Paw Savings bank was merged with the John W. Free State bank on order of the Michigan banking department. Storage Granary Burns— 24—Fire in the Michigan Central freighthouse at Lawton, filled with brewer's grain for A. K. Zinn & Co., of Battle Creek, caused $6,000 damage after four days of smouldering this week. Sign Airport Lease— 25—The city of South Haven, aided by Van Buren county supervisors, signed a five-year airport lease, with an option to buy a tract east of the city. State and FERA labor will improve the site.


Article Text

Qualify In Primaries— 25—Fifteen Democrats and 28 Republicans qualified to have their names on the Van Buren primary ballot. Several in each party are unopposed. Stage 4th District Rally— 25—South Haven was the mecca for all Fourth District Republicans, with Senator Arthur H. Vandenberg as the headline speaker. Decatur Pastor Retires— 27—The Rev. L. F. Cooper, Presbyterian pastor at Decatur for the past 10 years, will preach his final sermon Sunday. He is 62 years of age. Muck Fires Threaten— 28—Muck fires near Decatur, which have been smouldering for three weeks, threaten to spread unless the area soon is benefitted by rain. Twister Hits County— 29—A small cyclone accompanied the rain-storm which struck Van Buren, injuring apple, grape and pear crops. AUGUST Reopen Paw Paw Bank; Pay Depositors $100,000 Paw Paw Bank Reopens— 4 — The Paw Paw Savings bank closed since March 4, 1933, reopened