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HOWELL MAN IS BANK RECEIVER E. A. Fay Receives Appointment Effective Monday, March 25. Was Former County Treasurer Monday morning, March 25th, Eugene A. Fay, former Livingston County Treasurer took charge of the liquidation of the First State and Savings Bank in Holly, Michigan. Mr. Fay received his appointment to this position late last week. Mr. Fay will not move to Holly, but will come home week-ends. The bank had footings of something around one and one-quarter million dollars before the moratorium, and opened recently with a release of 40% by the reorganized bank. Mr. Fay takes over the business of receiver for the old bank under the guidance of the Liquidation Committee of the old bank.