Comstock Park State Bank (Comstock Park, MI)

Episode Information

Episode UID
74100571588
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7410057 routing
Routing Number
74-1005
Start Date
April 8, 1932
Location
Comstock Park, Michigan (43.039, -85.670)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2c070283d0993428

Response Measures

None

Description

Receiver discharged and reorganization plans indicate eventual resumption rather than permanent liquidation.

Events (3)
1. April 8, 1932 Suspension
Cause
Government Action
Cause Details
Closed by state authorities/examiner; bank did not open for business (assets described as frozen)
Newspaper Excerpt
COMSTOCK PARK STATE IS CLOSED TODAY ... failed open its doors for business morning, its president, Buth, announcing that the action was taken because frozen
Source
newspapers
2. April 16, 1932 Receivership
Newspaper Excerpt
COMSTOCK PARK BANK RECEIVER APPOINTED ... Petition for appointment of the receiver filed by the state ... Circuit Judge William B. Brown has Frank Gard for the Park State bank
Source
newspapers
3. June 2, 1932 Other
Newspaper Excerpt
Plans Started Reorganization of Institution in Comstock Park ... receiver discharged Wednesday by Circuit Judge W. B. Brown ... officers pressed reorganization plans
Source
newspapers

Newspaper Articles (3)
1. April 8, 1932 The Herald-Palladium Benton Harbor, MI
Article from The Herald-Palladium, April 8, 1932

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Article Text

COMSTOCK PARK STATE IS CLOSED TODAY GRAND RAPIDS, April Comstock Park State bank in the suburb of Comstock Park failed open its doors for business morning, its president, Buth, announcing that the action was taken because frozen The bank is capitalized at $20,000. Buth said it's total assets totaled approximately $450,000. Frank Bard, state bank examiner, refused reveal the total deposits the bank.

2. April 16, 1932 The Grand Rapids Press Grand Rapids, MI
Article from The Grand Rapids Press, April 16, 1932

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Article Text

NEWS OF BUSINESS COMSTOCK PARK BANK RECEIVER APPOINTED Circuit Judge William B. Brown has Frank Gard for the Park State bank Petition for appointment of the receiver filed by the state torney for Rudolph E. Reichert state banking commissioner. The in the petition sets up that capital stock of the bank is $20,000 and surplus at the time of closing figures sources and liabilities at $324,767. Hum of the Business World. Illinois Central railroad has removed freight and passenger room 812 701 from Grand Rapids Trust building.

3. June 2, 1932 Lansing State Journal Lansing, MI
Article from Lansing State Journal, June 2, 1932

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Article Text

Plans Started Reorganization of Institution in Comstock Park GRAND RAPIDS, June suburban Comstock Park State bank Thursday out temporary ceivership as officers pressed reorganization plans. Frank Card was discharged receiver Wednesday by Circuit Judge W. B. Brown on his own petition after Card had reported the closed bank now $312,553 and liabilities of $278,885. ordered the repayment of The $30,000 borrowed from Reconstruction Finance corporation $5,000 borrowed the Grand Rapsuit filed in the recovery Erstein. alleged his deposit accepted while bank offiknew the institution was insolvent.