Port Austin State Bank - Port Austin, MI

Episode Information

Episode Type: Suspension → Closure
Start Date: March 29, 1933
Location: Port Austin, Michigan (44.046, -82.994)
Bank Type: state
Routing Number: 74-0520

Metadata

Episode ID
Bank ID
City ID: 260635259

Model: gpt-5-mini
Short Digest

Notes

Conservators were appointed for the Port Austin State bank; outcome (reopening vs permanent closing) not stated in article.

Events (1)

1. March 29, 1933 Suspension

Cause: Government Action
Cause Details: State authorities appointed conservators for the bank (conservators selected).
Newspaper Excerpt: Martin Port Austin State, Harold Finan.
Source: newspapers

Newspaper Articles (1)

1. March 29, 1933 The Times Herald Port Huron, MI

Article Text

Conservators For Banks Selected March Thirty state placed hands of by Comstock and Rudolph E. Reichert today They Farmers Merchants State. Martin Port Austin State, Harold Finan. Armada State, E. Neely. Algonac William E. General Guy M. Wilson was appointed the Flint Union Industrial bank; Nethercutt Nethercutt appointed attorneys for the Savings bank and Anderson. apfor the Detroit Trust about 50 state financial remain be disposed of. been appointed for 152. Beggars Ousted Two today police. were to limits ordered to "keep From Cleveland factory to you. or Top Coats

Episode Information

Metadata

Notes

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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