Bank under conservator and facing liquidation discussions; payments suspended while reorganized.
Newspaper Excerpt
problems of liquidation. . . Oxford Savings Bank to hold meeting in the Oxford School Saturday discuss problems of liquidation.
Source
newspapers
2.May 13, 1933Reopening
Newspaper Excerpt
Reorganization of Oxford's Bank Is Believed Assured ... Conservator Frank Olive stated ... Reorganization of the bank will permit immediate release and payment in all accounts up to $10, Olive stated.
Source
newspapers
Newspaper Articles (2)
1.May 6, 1933Detroit Free PressDetroit, MI
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Article Text
It in
Village has postponed scheduled for June, next owing to the depression.
Harold Bergh, Great Lakes died Joseph's Hospiafter few months' illness. Bergh sailed the lakes for the last 30
MT. Kelly, Royal Sharron Burnham, and Fred Brown, Cass the race for the the Student Council Central State Teachers College.
Stark, Burlington Village the let bat out of his hands has unconscious since the accident. of the Ox ford Savings Bank to hold meeting in the Oxford School Saturday discuss problems of liquidation.
2.May 13, 1933Detroit Free PressDetroit, MI
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Article Text
Reorganization of Oxford's Bank Is Believed Assured tion the Oxford Savings Bank Conservator Frank Olive stated Friday. About 60 per cent the $50,000 stock subscription required for the probably before the Monday night at the bank, Reorganization of the bank will permit immediate release and payment in all accounts up to $10, Olive stated.
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.
