gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fc822d72a646142a
Response Measures
None
Description
Bank is described as defunct and in receivership with payoffs underway; suspension date not stated.
Events (3)
1.April 14, 1942Receivership
Newspaper Excerpt
Melvin Van Howe, receiver for the bank, has declined to give the county a definite answer because he claims the property may be sold.
Source
newspapers
2.November 23, 1942Other
Newspaper Excerpt
A 10 per cent payoff totaling $48,000 to 700 depositors of the defunct Center Line State Savings Bank was underway today at the office of Melvin Van Howe, the receiver
Source
newspapers
3.*Suspension
Cause
Government Action
Cause Details
Bank entered receivership and ceased normal operations (exact suspension date not given)
Newspaper Excerpt
the defunct Center Line State Savings Bank
Source
newspapers
Newspaper Articles (3)
1.April 14, 1942The Daily Monitor LeaderMount Clemens, MI
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Article Text
# Act to Repair
# Police Post
State Trooper
Detail Assured
The Board of Supervisors this morning authorized County Controller Sherwood Bennett to make necessary repairs to the old Center Line Savings Bank building, provided the property can be leased as temporary headquarters for the proposed state police post.
A spokesman for Gov. Murray D. Van Wagoner last week assured Bennett that the state will establish a seven-man post in South Macomb if suitable quarters can be rented. The state will pay the rental provided the county pays the cost of converting the building, it was agreed.
Melvin Van Howe, receiver for the bank, has declined to give the county a definite answer because he claims the property may be sold.
2.November 23, 1942The Daily Monitor LeaderMount Clemens, MI
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Article Text
Center Line Savings' Bank Payoff Underway A 10 per cent payoff totaling $48,000 to 700 depositors of the defunct Center Line State Savings Bank was underway today at the office of Melvin Van Howe, the receiver, 25307 Van Dyke. The payoff lifts to 87 1/2 per cent the amount paid since the bank entered receivership. Certificates should either be presented personally to Van Howe or mailed to him. An order authorizing the payoff was signed by Circuit Judge James E. Spier.
3.November 24, 1942Detroit Evening TimesDetroit, MI
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Article Text
Bank Depositors Get New 10 Pct. Payoff CENTER LINE, Nov. 24-A $48,000 payoff to 700 depositors of the defunct Center Line Savings Bank was under way today at the office of Melvin Vanhowe, receiver, 25307 Van Dyke avenue. The current 10 per cent payoff lifts to 87½ per cent the total paid depositors since the bank entered receivership.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamental, 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.
