Allegan State Savings Bank (Allegan, MI)

Episode Information

Episode UID
5160209291592
Episode Type
Suspension โ†’ Reopening
Bank Type
savings
Bank ID
516020929 hash
Start Date
August 1, 1932*
Location
Allegan, Michigan (42.529, -85.855)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
92d6d235d658de0c

Response Measures

None

Events (3)

1. August 1, 1932* Other
Newspaper Excerpt
Among the bank loans made public were: Allegan state Savings bank, $50,000.
Source
newspapers
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Closed under proclamation of the Michigan banking holiday.
Newspaper Excerpt
having been closed the proclamation of the Michigan banking holiday.
Source
newspapers
3. July 1, 1933* Reopening
Newspaper Excerpt
ALLEGAN STATE SAVINGS BANK TO REOPEN JULY ... will reopen July ... after having been closed the proclamation of the Michigan banking holiday
Source
newspapers

Newspaper Articles (2)

Article from The Herald-Palladium, October 7, 1932

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Article Text

AUGUST TOTAL corporation authorized during August aggregating The report of the corporation was made public today South Trimble, the House the protest Atlee Pomerene, chairman the Reconstruction board. The August report also showed inprevious aggregating making the ment for the month cision to make the report public tained opinion counsel, South Trimble, which that "after careful the legislative history the relief construction the protest brief of the corporation, the opinion that act no discretion withhold monthly reports the Reconstruction Finance corporation from public inspection." Banks trust companies received the total tion for August. This included to aid the reorganization or liquidation closed banks. Among the bank loans made public were: Allegan state Savings bank, $50,000. Benton Harbor, Berrien County (receiver) $52,000. Benton Harbor, Berrien County Dowagiac, Dowagiac National bank, $48,500. Dowagiac, Lee State bank, Hartford, National bank,


Article from The Herald-Palladium, May 30, 1933

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Article Text

ALLEGAN STATE SAVINGS BANK TO REOPEN JULY Associated Press) ALLEGAN, May Allegan State Savings bank will reopen July officials announced after having been closed the proclamation of the Michigan banking holiday. Under plan, approved state and federal banking authori100 made and of all deposits will be impercent pounded. The percent of deposits, officials said, will the opening day and the equal over period of years. The be released when conditions warrant.