Birch Run State Bank (Birch Run, MI)

Episode Information

Episode UID
74057971599
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7405797 routing
Routing Number
74-0579
Start Date
March 27, 1933
Location
Birch Run, Michigan (43.251, -83.794)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
83a502825c5b962d

Response Measures

None

Description

Conservator appointed March 1933 under state banking holiday; bank reorganized and reopened October 1933.

Events (3)
1. March 27, 1933 Suspension
Cause
Government Action
Cause Details
State banking holiday and appointment of conservator by Michigan state banking commissioner; bank placed under conservatorship.
Newspaper Excerpt
Conservators for three more village banks in Saginaw county ... and Birch Run Monday by State Banking ... Herbert Walter.
Source
newspapers
2. August 8, 1933 Other
Newspaper Excerpt
organization plans for the reopening of the Calhoun State bank, Homer. and the Birch Run State bank. Birch Run. were approved today by the governor's advisory banking committee.
Source
newspapers
3. October 4, 1933 Reopening
Newspaper Excerpt
Reopening of the Birch Run State Wednesday morning under the plan of operation ... The bank received its operating license Tuesday afternoon from the state banking depart... Five per cent of deposit funds ... The officers ... President, Charles Wolohan; William cashier, Herbert Walter.
Source
newspapers

Newspaper Articles (16)
1. March 27, 1933 Battle Creek Moon-Journal Battle Creek, MI

Article Text

CONSERVATORS SELECTED Named For 58 State Banks In State Of Michigan. Lansing, March pointment of conservators for Michigan state banks was announcby Reichert, state banking commissioner, following today's session of the governor's advisory banking commission. In majority of cases the conservators are from the towns in which the banks which they will take over are locat- Affairs of two Flint banks were placed under the Mark Wilson, recently of Detroit, who has been identified with both state national bank activities for number of years and in whom Reichert said he has complete confidence. They are: Cheboygan State Savings Bank, Cheboygan, Fred Haut. Newberry State Bank, Newberry, John H. Paull. First State Savings Bank, Hillsdale, R. Owen. Sparta State Bank, Sparta, Carlson. People's State Savings Bank. Auburn, W. Gillman. State Savings Bank, Owosso, Kenneth Crawford. Traverse City State Bank, Traverse City, George B. Kilbourne. State Bank Whitehall, White. hall, George E. Covell. Farmers State Bank, Montague, Adolph Anderson. Hemlock State Bank, Hemlock, R. Beaver. Cedar Springs State Bank, Cedar Springs, Herbert Wheeler. Ludington State Bank, Zook. Riverdale State Savings Bank, Fred Leiter. Citizens Savings Bank, Owosso, Frank Freeman. Metamora State Savings Bank, Metamora, Fred Downer Pinconning State Bank, Pinning, Fotheringham. State Bank of Niles, Niles, Thomas Cain. Yale State Bank, Yale, Guy Beard. State Bank of Coswell, Coswell, Melvin H. Aitkin. Cass City State bank, Cass City, Auten. Bellaire State bank, Bellaire, W. H. Richards Citizens State Savings bank, New Baltimore, Pingel First State Savings bank, Bronson, Frank Coward. Clarkston State bank, Clarkston, George King. First State Bank of Mendon, Mendon, H. First Commercial Savings bank, H. Estes. Wolf Brothers State bank, Centerville, State Savings Bannister, C. Bates. State Savings Bank of Elsie. sie, First State Bank of Allegan, Allegan, Herman Vaupell. State Savings bank, Clinton, W. Van Tyle. American State bank, Frankenmuth, John Geyer. First State Savings bank, Holly, Lyons. State Savings bank, Stanton, Starks. Birch Run State bank, Birch Run. Herbert Walter. First State Bank of Kingsley, Kingsley, Carl Brown. Pinney State bank, Cass City, Pinney. State Bank of Harbor Beach, Harbor Beach. John Prieskorn. Marysville Savings bank. Marysville. John Barron. Farmers Savings bank, White Pigeon. M. Benjamin. Springport State Savings bank, Springport, Allen Crawford, Peninsula bank, Ishpeming, PetGenesee County Savings bank, Mark Wilson Union Industrial Trust and Savings bank. Flint. Mark Wilson. First State bank, South Haven, Van Farmers and Merchants State bank, Lakeview, Griffith. Big Rapids Savings bank, Big Rapids. William Taggart. Rockford State bank, Rockford, Muir. Byron Center State bank, Byron Frank Farmers State bank, Alto, Earl Colby. Peoples State bank, Milan, Laskey Farmers State bank. Breckenridge, Baldwin. Woodland State bank, Woodland. Hilbert. Eaton County Savings bank, Charlotte, Phil H. Barber.

2. March 27, 1933 The Saginaw News Saginaw, MI

Article Text

3 COUNTY BANKS GET CONSERVERS Hemlock State, Frankenmuth American State and Birch Run State Affected. Conservators for three more village banks in Saginaw county State, American State of Frankenmuth and Birch Run Monday by State Banking Rudolph E. in Lansing. In each case, the cashier of the bank for which application was made was named conservator. Ray Beaver will act for the Hemlock State bank, while John Geyer, cashier of the Frankenmuth American State bank, and Hubert Walter, cashier of the Birch State bank, will act similar capacities for their spective Appointment the three conthe village Saginaw conservator The State and the Charles State conservators appointed Friday. (By United Press.) LANSING, March conservators for Michigan state banks was nounced by R. E. Reichert, state banking of the visory commission. In majority of the from which the which they will take over are located. Affairs two Flint banks were the Wilson, recently of troit, who has both state and national bank tivities for a number of and whom Reichert said he has in confidence. They Birch Run State Bank, Herbert Walter. American State Bank, FrankenState Bank, Hemlock, Ray B. Beaver. (Continued Page Column 2)

3. March 27, 1933 The Muskegon Chronicle Muskegon, MI

Article Text

CONSERVATORS ARE NAMED Continued from Page Cedar Springs, Herbert Wheeler: bank Zook; Riverdale State Savings Fred Leiter: CitiSavings bank, C. Metamora State Savings bank, Metamora, Fred Downer State Fotheringham; State Bank of Thomas E. Coswell, MelState Bank State Cass laire, H. Richards: Citizens Savings New Baltimore, State Savings bank. Pingel Clarkson George D. State State Bank of Mendon. King: First Mendon. H. Rogge: First Commercial Wolf State Bank, State bank, Bannister, Bates; State Savings Bank of Elsie, Elsie, Steadman: State Bank of Allegan, Allegan, Herman State Savings W. P. State John First State Savings bank, Holly, Starks Birch Run State Birch Run, Herbert Walter: Bank Kingsley Kingsley, Carl Pinney State bank, Cass F. Pinney State Bank of Harbor Beach, Harbor Beach. C. Prieskorn: ville Savings Bank. Marysville, Savings White M. Benjamin; Pigeon, Springport State Savings Springport. Allen Crawford. Peninsula Bank Ispheming. Peter HandCounty Flint. Mark Wilson: Union Industrial Mark Trust First State South Wilson: Haven. R. Van Haaften: Farmers Merchants Bank. S Big Rapids D. Bank Taggart State Bank, RockJ. Byron Center State bank Byron Center, Frank Wierenga: Farmers State Bank. Alto, Earl Colby: Peoples State bank. Milan. State ridge, R. Woodland State bank, Woodland, Hilbert: Eaton County Savings bank, Charlotte, Phil H. Barber: Hillsdale Savings bank, Hillsdale, F. Cook. Jr.: Guardian bank of Trenton, Trenton, Cadillac State bank. Cadillac, Beldman: Peoples Bank, Sparta, Leslie

4. March 28, 1933 The Saginaw News Saginaw, MI

Article Text

VLLAGE BANK PLANS PUSHED Otto Trinklein Appointed Conservator of Frankenmuth State. DEPOSITORS COOPERATE Appointment of Otto Trinklein conservator of the Frankenmuth State bank was Tuesday by Rudolph Reichert, banking commissioner, as conservators of other village Saginaw county were moving effect cashier of The conservators' plans are expected within brief time to bring about resumption normal banking functions in each Appraisal blanks for the purof present bank holdings in of five institutions involvedChesaning State bank, St. Charles Ameribank, Hemlock State Birch State received from Lansing within the next few days. Seek Definite Plan. In St. Charles, Edmund H. Fox cashier and conservator. said that although no definite tors, there have cooperation from every depositor has been In Chesaning, Frank Stevens, president the Chesaning bank, said plans along in an orderly manner for of organization plan to the deposiMr. Stevens said he awaiting the appraisal blanks the Hemlock State John Geyer, conservator the Frankenmuth State and Hubert the Birch Run bank, assumed their respective institutions Monday and began for the reorganization plan that eventually

5. August 8, 1933 Battle Creek Moon-Journal Battle Creek, MI

Article Text

CALHOUN STATE BANK REOPENING APPROVED Lansing. Aug. organization plans for the reopening of the Calhoun State bank, Homer. and the Birch Run State bank. Birch Run. were approved today by the governor's advisory banking committee.

6. August 8, 1933 The Saginaw News Saginaw, MI

Article Text

News Summary Reorganization plan of Birch Run state bank approved by state banking Bay City council interested by to Saginaw water offer. brink of revolution. with resignation only apparent Italian air armada reaches Azores. French fliers. distance record in Syria. miners vote to accept strike truce. senator urges more rigid stock market Polish American fliers hop for Poland. WashingtonNRA chief all must be in weeks. RFC studying data re-opening of 64 Michigan banks. Forest fire menace in upper peninsula continues grave. State tax board eliminates sales tax exemptions. Yankees win two games from Washington, cut Senators' lead to one Gene Sarazen guarantee money by entering Tigers win four in five from Ellsworth Vines' amateur being Helen Moody to play in nationnext Markets and Business- Stocks to points in livelier rally at close to overcome losses.

7. August 8, 1933 The Saginaw News Saginaw, MI

Article Text

VILLAGE BANK PLAN Birch Run State Bank Reorganization Approved by State Committee. BY GUY JENKINS (Daily Staff Correspondent.) reopening of the Run State bank approved today by the state banking advisory committee plan, as proposed by Herbert F. Walter, conservator of bank. calls for 10 cent deposit release during each of the ensuing remaining 50 per cent are to trust certificates which will be liquidated as soon as frozen of the bank can be turned into cash. Mr. Herbert, who was cashier of the bank the state banking holiday to resume position after organization the said hoped to pay off cent of deposits on the opening day which has been set for September 25.

8. August 8, 1933 The Kalamazoo Gazette Kalamazoo, MI

Article Text

APPROVE BANK PLANS Aug ganization for the reupening and the Birch Run State day the governor's advisory banking committee

9. August 8, 1933 Battle Creek Enquirer Battle Creek, MI

Article Text

Homer Bank Plan Approved Today Aug. state banking committee today approved reorganization plans for the Calhoun State bank Homer, and the Birch Run State bank. of Birch Run.

10. September 8, 1933 The Saginaw News Saginaw, MI

Article Text

BIRCH RUN DEPOSITOR MEETING IS ARRANGED Depositors of the closed Birch Run State bank, which scheduled reopen 25 under the Michigan have been called Monday at the Run township hall the program unCall meeting issued managing editor the Birch Run News.

11. October 4, 1933 The Saginaw News Saginaw, MI

Article Text

News Summary Carrollton voters refuse boost limitation to provide funds fighting Birch Run State bank reopens under Michigan plan. for city coal supply contracts. State-PWA allots to Lansing for street paving Jackson judged best in nation Legion convention. DomesticSixty dole workers perish in brush fire holocaust in Los Angeles park canyon. Veterans' hospitalization bobs up disputed point before Legion. Eight unions urge labor convention speed removal of its Roosevelt spurs effort to bring peace capital labor. Virginia goes for repeal. Florida keys set for hurricane Storm halts Cuba's political troubles. Markets and Business— Brisk for stocks sends points. stronger security prices and advances.

12. October 4, 1933 The Saginaw News Saginaw, MI

Article Text

BANK AT BIRCH OPENS FOR BUSINESS Michigan Plan of Operation Guides-Same Officers Are in Charge. Reopening of the Birch Run State Wednesday morning under the plan of operation resumption of normal banking activity. Withdrawals most converting trust and into new with the bank The bank received its operating license Tuesday afternoon from the state banking departFive per cent of deposit funds state banking holiday The Michigan plan deposit calls division deposits into groups, 50 per cent to be released during the next five cent be pounded per group made for release day The officers who had charge the to ing direction They President, Charles Wolohan; William cashier, Herbert Walter.

13. October 4, 1933 The Saginaw News Saginaw, MI

Article Text

News Summary Carrollton voters refuse boost limitation to provide funds for equipment. Birch Run State bank reopens Michigan plan. for city supply contracts. PWA allots to Lansing for street paving project. judged best in nation Legion convention. DomesticSixty workers perish in brush fire holocaust in Los Angeles park canyon. Veterans' hospitalization bobs as disputed point before Legion. Eight unions urge labor convention PWA speed or remova: of its administrators. Roosevelt spurs effort to bring peace to capital and labor. Virginia goes for repeal. keys set for hurricane Storm halts Cuba's political troubles. Markets and Business Wheat strong, up more strong all day, show substantial gains.

14. October 5, 1933 Detroit Free Press Detroit, MI

Article Text

State Bank Reopens BIRCH RUN, Oct. Birch Run State Bank reopened nesday following receipt erating from the State Banking Department.

15. January 3, 1935 The Saginaw News Saginaw, MI

Article Text

BIRCH RUN BANK TO MAKE PAYOFF All Moratorium Certificates Will Be Liquidated January 14. Birch Run State bank on January 14 will start paying off all outstanding moratorium certificates, some of them not due until 1938, Herbert Walter, cashier, announced today. The payments will make a total release to depositors of 52 1/2 per cent of funds on deposit at the time of the 1933 bank holiday.

16. January 3, 1935 The Saginaw News Saginaw, MI

Article Text

News Summary Local— Charges against Commissioner Reese filed with city council. Zilwaukee election board head denies votes counted unfairly. Council authorizes appeal from beer ordinance ruling. Birch Run State bank prepares to pay off moratorium certificates. State— Fitzgerald stresses need for restoring confidence in inaugural. Rep. Schroeder of Detroit elected speaker of state house. Comstock gives accounting of his two-year term of office. Severe cold wave with near zero temperatures forecast. Washington Washington—