Galewood Wyoming State Bank (Grand Rapids, MI)

Episode Information

Episode UID
74001871612
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7400187 routing
Routing Number
74-0018
Start Date
April 14, 1934
Location
Grand Rapids, Michigan (42.961, -85.656)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
00b8f218e41c5bcb

Response Measures

None

Events (3)
1. April 14, 1934 Receivership
Newspaper Excerpt
William A. McCaslin, receiver, announced ... depositors ... receive percentage of their impounded deposits; Galewood-Wyoming State bank ... to be closed and liquidated at the former Grand Savings bank by this being more money for Mr. McCaslin said ... East Grand Rapids State bank are being prepared for a payoff to its depositors.
Source
newspapers
2. April 14, 1934 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership and ordered closed and liquidated; receiver organizing payoff to depositors
Newspaper Excerpt
Galewood Wyoming State bank is to be closed and liquidated
Source
newspapers
3. November 5, 1934 Other
Newspaper Excerpt
Receivership offices for the Grand Rapids Savings bank, Grand Rapids National bank, American Home Security bank, GalewoodWyoming bank and East Grand Rapids will be closed all day Tuesday because of the election.
Source
newspapers

Newspaper Articles (2)
1. April 14, 1934 The Grand Rapids Press Grand Rapids, MI
Article from The Grand Rapids Press, April 14, 1934

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Article Text

PAY PART OF Galewood Wyoming Bank Sets Monday as Day to Present Claims. William A. McCaslin, receiver, announced Saturday that depositors in the Galewood-Wyoming State bank receive percentage of their impounded deposits, beginning Monday morning, the payoff be made the Peoples National Bank Grand Rapids, successor to the Grand Rapids Savings bank. The receiver has received from the federal reserve bank, through RFC. about $100,000 the Wyoming bank has depositors and deposits amount $225,000. Pay at Peoples National. Depositors in that bank are present the Peoples National bank where they will find their prepared awaiting their signatures. Depositors in that bank received per cent payment after the bank holiday. Galewood Wyoming State bank is to be closed and liquidated at the former Grand Savings bank by this being more money for Mr. McCaslin said that East Grand Rapids State bank are being prepared for a payoff to its depositors.

2. November 5, 1934 The Grand Rapids Press Grand Rapids, MI
Article from The Grand Rapids Press, November 5, 1934

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Article Text

BANK RECEIVERS CLOSE OFFICES ELECTION DAY Receivership offices for the Grand Rapids Savings bank, Grand Rapids National bank, American Home Security bank, GalewoodWyoming bank and East Grand Rapids will be closed all day Tuesday because of the election.