State Bank - Byron, MI

Episode Information

Episode UID: 74058671599
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7405867 routing
Routing Number: 74-0586
Start Date: March 1, 1933*
Location: Byron, Michigan (42.823, -83.944)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: bd1b90c4318a4f4a

Response Measures

None

Description

Article states the bank never opened after the holiday and a receiver is pursuing assessments.

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Did not reopen following the 1933 banking holiday (federal/state banking holiday).
Newspaper Excerpt: the Byron State bank which never opened after the holiday.
Source: newspapers

2. December 16, 1935 Receivership

Newspaper Excerpt: filed in circuit court Monday afternoon by C. F. McDivitt, receiver of the Byron State bank which never opened after the holiday.
Source: newspapers

Newspaper Articles (1)

1. December 19, 1935 The Independent Fenton, MI

Article Text

Byron Bank Receiver Starts Suits for $9,000 The first lawsuits started in Shiawassee county to collect bank assessments, since the banking holiday of 1933, were filed in circuit court Monday afternoon by C. F. McDivitt, receiver of the Byron State bank which never opened after the holiday. The defendants are John L. Van Alstine, former cashier of the bank, and Edward Wolfin, a stockholder. The receiver sets up that Van Alstine owned 50 shares of stock at a par value of $100 per share and that Wolfin had 10 shares. He seeks to recover $7,500 from Van Alstine and $1,500 from Wolfin. McDivitt says that the assets of the bank are not sufficient to pay off the depositors.