OCR is fragmentary; article implies a moratorium closure earlier in 1932 and a December reopening.
Events (2)
1.January 1, 1932*Suspension
Cause
Government Action
Cause Details
Closed earlier in 1932 under a moratorium (temporary suspension of payments)
Newspaper Excerpt
Coopersville State closed year ... under moratorium
Source
newspapers
+11 months
2.December 1, 1932*Reopening
Newspaper Excerpt
BANK WILL REOPEN ... Coopersville State ... will reopen Saturday under moratorium with-
Source
newspapers
Newspaper Articles (1)
1.December 8, 1932Lansing State JournalLansing, MI
Article Text
BANK WILL REOPEN
Dec. Coopersville State closed year will reopened Saturday under moratorium with-
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Coopersville State Bank · Episode ID 5832421091585