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CLOSE PRIVATE BANK AT BELDING Ionia County Chancery Court Names Receivers for Institution. Belding, Mich.-On petition of Mrs. Lillian Hills, stockholder in William F. Sandell's bank in New Baltimore, the Commercial bank of Belding, a private institution owned by Sandell, has been closed by order of Ionia county chancery court. Brinton F. Hall of Belding and Glenn Hills, cashier of the New Baltimore bank, and a son of Mrs. Hills, have been named receivers. William Chamberlain, cashier of the Belding bank, says depositors will not lose, as there are sufficient assets to cover all claims. The bank was in operation 25 years.