Pioneer Bank - North Branch, MI

Episode Information

Episode UID: 74076671600
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 7407667 routing
Routing Number: 74-0766
Start Date: April 12, 1933
Location: North Branch, Michigan (43.229, -83.197)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: c3d750167c7488a0

Response Measures

None

Description

A conservator was appointed; article gives no information on final disposition.

Events (1)

1. April 12, 1933 Suspension

Cause: Government Action
Cause Details: State Banking Advisory Commission appointed a conservator for the bank (conservatorship by state authority).
Newspaper Excerpt: The commission appointed two more conservators Wednesday. They are: Otisville State Bank, Charles D. Parker; The Pioneer Bank, North Branch, J. A. Rapley.
Source: newspapers

Newspaper Articles (1)

1. April 13, 1933 Detroit Free Press Detroit, MI

Article Text

State Fixes Pay for Conservators Lowest to Be $1,000 in Michigan LANSING, April 12—(A. P.)—The Governor's Banking Advisory Commission Wednesday established a sliding salary scale schedule to be paid to conservators of State banks. The schedule starts at $1,000 for banks with resources up to $100,000 and continues to a salary of $3,500, for banks with resources between $3,000,000 and $5,000,000. The salary for conservators of banks with resources in excess of $5,000,000 will be subject to special approval of the commission. The detailed schedule follows: $1,200 in banks with resources between $100,000 and $150,000; $1,500 between $150,000 and $200,000; $1,800 between $200,000 and $300,000; $2,000 between $300,000 and $500,000; $2,400 between $500,000 and $750,000; $2,500 between $750,000 and $1,000,000; $2,700 between $1,000,000 and $1,500,000; $3,000 between $1,500,000 and $2,000,000; $3,250 between $2,000,000 and $3,000,000, and $3,500 when resources total between $3,000,000 and $5,000,000. "This schedule shows that we are not overpaying the conservators," the Governor said. "As a matter of fact, most of them are accepting appointments in a spirit of public service. I want to emphasize that the salaries in the schedule are maximums and some will be paid lower sums." The commission appointed two more conservators Wednesday. They are: Otisville State Bank, Charles D. Parker; The Pioneer Bank, North Branch, J. A. Rapley.