Garland State Bank (Warren, MI)

Episode Information

Episode UID
74113371710
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7411337 routing
Routing Number
74-1133
Start Date
June 12, 1942
Location
Warren, Michigan (42.500, -83.005)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
789850c41ecb77fe

Response Measures

None

Description

Articles refer to the bank as 'of Van Dyke' (Van Dyke Road area of Warren).

Events (3)
1. June 12, 1942 Receivership
Newspaper Excerpt
Full Garland Payoff Looms ... Melvin Van Howe, receiver for the defunct bank.
Source
newspapers
2. September 12, 1942 Other
Newspaper Excerpt
Garland State Bank Makes Final Payoff Returns Now Total 97.2 Per Cent ... announced today by Melvin Van Howe, receiver.
Source
newspapers
3. April 29, 1943 Other
Newspaper Excerpt
Petition of R. A. Carroll, Receiver of THE GARLAND STATE BANK ... approving, ratifying and confirming the liquidation of said bank.
Source
newspapers

Newspaper Articles (7)
1. June 12, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, June 12, 1942

Click image to open full size in new tab

Article Text

Full Garland Payoff Looms Attorneys Win Reversal of Ruling A 100 per cent payoff to depositors of the defunct. Garland State Bank of Van Dyke loomed as possible today after the state supreme court in a unanimous opinion yesterday set aside a transfer of bank stock by Walter Piper and Hugo J. Hesse and rendered a $9,100 judgment against the pair. Quoting frequently from a brief presented by Hugh H. Neale and John E. Merrill. both prominent Mount Clemens attorneys, the decision reverses the ruling of Circuit Judge Henry Nicol, of Detroit, who held a year ago that the transfer in March of 1932 of stock to the Richmond Realty company was valid. The supreme court ruled that Piper and Hesse, directors of the bank, transferred the stock to escape payment of an expected assessment. The Richmond company was with sufficient assets when the 91 shares of stock once valued at $100 par, were transferred, the court held. Supreme Court Justice Emerson Boyles wrote the opinion which quotes frequently the briefs presented by Neale and Merrill who represented Melvin Van Howe, receiver for the defunct bank.

2. September 12, 1942 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, September 12, 1942

Click image to open full size in new tab

Article Text

Garland State Bank Makes Final Payoff Returns Now Total 97.2 Per Cent A 12.7 per cent dividend which brings to 97.2 per cent the return to depositors in the old Garland State Bank, of Van Dyke, was announced today by Melvin Van Howe, receiver. The payoff, which will be the final one of the defunct financial institution, will be participated in by 500 depositors, Van Howe said. He pointed out that certificates must be surrendered at the receiver's office, 25309 Van Dyke avenue, to receive payment. About $15,000 is involved in the final 12.7 per cent return, the receiver said.

3. April 30, 1943 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, April 30, 1943

Click image to open full size in new tab

Article Text

Legals STATE OF MICHIGAN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB 9093 IN CHANCERY At a session of said Court, held he Court House, in the City of Mou Clemens, in said County, on the 29 lay of April, A. D. 1943. Present: The Honorable NEIL REID, Circuit Judge. In the Matter of the Petition of CARROLL. Receiver of THE GA LAND STATE BANK, of VAN DYK Michigan banking corporation, f the entry of an order herein by sa Court approving, ratifying and confir the liquidation of said bank by sa Receiver and his predecessor in fice, discharging said Receiver, a dissolving said banking corporation. On reading and filing the sworn I tition of R. A. Carroll, receiver of T Garland State Bank, of Van Dyk Michigan, praying that this Court ta official jurisdiction of the above entitl matter for the purposes specifica therein prayed. and that in the ex cise of its said jurisdiction, and up due proof of the premises alleged said petition. this Court enter an O DER approving, ratifying and confir the official liquidation of the G: and State Bank. of Van Dyke, Mic gan. by said petitioner and his pred cessor receiver. as receiver and suce sor receiver, of said bank, including ! official discharge of said petitioning ceiver and decreeing dissolution of t corporate existence of said banki corporation. and for other and furth relief as in said petition prayed. a It' further appearing from said per that by reason of the multiplicity the parties in interest in said mat and that many of said parties in into est are non-resident or absent fro the State of Michigan. and their whe abouts can not be ascertained. and ) cause of the diverse changes that ha occurred in the identity of the parti interested by reason of death, tra: fers of interest, or otherwise, person service on all of said parties in terest could not be had without und prejudice to the equities of the subje matters set forth and alleged in sa petition. but that the object and DI pose of said petition as expressed the prayer thereof is common to parties of direct interest therein as class. to-wit, common to all of t stockholders and creditors of said ba a class. and that because of inat itv to make said personal service. a after due consideration of the fac matters and circumstances set forth said petition and in due considerati thereof. IT IS HEREBY ORDERED T1 each and every creditor. stockhold and other person interested in the reiver liquidation of The Garland St.

4. May 7, 1943 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, May 7, 1943

Click image to open full size in new tab

Article Text

STATE OF MICHIGAN THE CIRCUIT COURT FOR THE COUNTY OF MACOMB 9093 IN CHANCERY At a session of said Court. held at the Court House, in the City of Mount Clemens. in said County. on the 29th day of April. A. D. 1943. Present: The Honorable NEIL E. REID. Circuit Judge. In the Matter of the Petition of R. A., CARROLL Receiver of THE GARLAND STATE BANK, of VAN DYKE. a Michigan banking corporation, for the entry of an order herein by said Court approving. ratifying and confirming the liquidation of said bank by said Receiver and his predecessor in office. discharging said Receiver. and dissolving said banking corporation. On reading and filing the sworn Detition of R. A. Carroll. receiver of The Garland State Bank. of Van Dvke. Michigan. praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed and that in the exercise of its said jurisdiction. and upon due proof of the premises alleged in said petition. this Court enter an ORDER approving, ratifying and confirming the official liquidation of the Garland State Bank. of Van Dyke. Michigan, by said petitioner and his prede-

5. May 7, 1943 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, May 7, 1943

Click image to open full size in new tab

Article Text

service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition. but that the object and ourpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class. to-wit, common to all of the stockholders and creditors of said bank as a class. and that because of inability to make said personal service. and after due consideration of the facts. matters and circumstances set forth in said petition and in due consideration thereof. IT IS HEREBY ORDERED. That each and every creditor, stockholder and other person interested in the receiver liquidation of The Garland State Bank of Van Dyke, and in the discharge of said receiver and the dissolution of the corporate existence of said The Garland State Bank. of Van Dyke. be and appear before this Court on Friday, the 4th day of June, A. D. 1943. at the Circuit Court room in the City of Mount Clemens, State of Michigan, at 11 o'clock a. m. on said day, or as soon thereafter as counsel can be heard. and THEN AND THERE TO SHOW CAUSE. if any there be. why the prayer of said petitioner should not be granted and an order entered in said matter. approving, ratifying and confirming the receiver liquidation of The Garland State Bank, of Van Dyke Michigan. and the discharge of the betitioning receiver thereof. and the final dissolution of the corporate existence of said The Garland State Bank. of Van Dyke, Michigan, be decreed, pursuant to the provisions of the statutes in such cases made and provided. all according to the prayer of the petition of R. A Carroll. Receiver of said The Garland State Bank. of Van Dyke. Michigan. and filed in this Court and cause ac. cording to the rules and practise thereof. IT IS FURTHER ORDERED. and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing. be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank. at least six davs prior to the date herein fixed and designated for the hearing on said petition. and that a CODY of this order be published in the Monitor-Leader, a newspaper printed, published and in general circulation in the County of Macomb, State of Michigan, once each week for three successive weeks. the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. NEIL E. REID. Circuit Judge, Countersigned: KATHERINE M. WANGELIN. Deputy Clerk JAMES A. GREENE Attorney for Petitioner. Ass't. Att'y General Address: State Office Building. Lansing. Michigan. A true conv: KATHERINE M. WANGELIN. Deputy Clerk. April 30.: May 7.14.21-M

6. May 14, 1943 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, May 14, 1943

Click image to open full size in new tab

Article Text

the Court House, in the City of Mount Clemens. in said County, on the 29th day of April. A. D. 1943. Present: The Honorable NEIL E. REID. Circuit Judge. In the Matter of the Petition of R A. CARROLL Receiver of THE GARLAND STATE BANK, of VAN DYKE: a Michigan banking corporation. for the entry of an order herein by said Court approving, ratifying and confirming the liquidation of said bank by said Receiver and his predecessor in office, discharging said Receiver. and dissolving said banking corporation. On reading and filing the sworn Detition of R. A. Carroll. receiver of The Garland State Bank, of Van Dyke. Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed. and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition. this Court enter an ORDER approving, ratifying and confirming the official liquidation of the Garland State Bank. of Van Dyke Michigan. by said petitioner and his predecessor receiver. as receiver and successor receiver. of said bank. including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corporation. and for other and further relief as in said petition prayed. and It further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said parties in interest are non-resident. or absent from the State of Michigan, and their whereabouts can not be ascertained. and because of the diverse changes that have occurred in the identity of the parties interested by reason of death. transfers of interest, or otherwise, personal service on all of said parties in 111terest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and ourpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class. to-wit, common to all of the stockholders and creditors of said bank as a class, and that because of inability to make said personal service. and after due consideration of the facts. matters and circumstances set forth in said petition and in due consideration thereof. IT IS HEREBY ORDERED That each and every creditor, stockholder and other person interested in the receiver liquidation of The Garland State Bank of Van Dyke. and in the discharge of said receiver and the dissolution of the corporate existence of said The Garland State Bank. of Van Dyke, be and appear before this Court on Friday. the 4th day of June. A. D. 1943, at the Circuit Court room in the City of Mount Clemens. State of Michigan, at 11 o'clock a. m. on said day. or as soon thereafter as counsel can be heard. and THEN AND THERE TO SHOW CAUSE, if any there be, why the prayer of said petitioner should not be granted and an order entered in said matter. approving, ratifying and confirming the receiver liquidation of The Garland State Bank, of Van Dyke Michigan, and the discharge of the De titioning receiver thereof. and the final dissolution of the corporate existence of said The Garland State Bank. of Van Dyke. Michigan, be decreed. pursuant to the provisions of the statutes in such cases made and provided. all according to the prayer of the petition of R. A Carroll Receiver of said The Garland State Bank. of Van Dyke Michigan and filed in this Court and cause according to the rules and practise thereof IT IS FURTHER ORDERED and directed that notice of hearing on the matters and things prayed for in said petition and of the dav and time fixed by this Court for said hearing. be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank, at least six days prior to the date herein fixed and designated for the hearing on said petition and that a CODY of this order be published in the Monitor-Leader. a newspaper printed. published and in general circulation in the County of Macomb. State of Michigan. once each week for three successive weeks the last publication thereof to be at least six days prior to the date fixed for said hearing on said netition NEIL E REID, Circuit Judge Countersigned: KATHERINE M. WANGELIN. Clerk, Deputy

7. May 21, 1943 The Daily Monitor Leader Mount Clemens, MI
Article from The Daily Monitor Leader, May 21, 1943

Click image to open full size in new tab

Article Text

of R. A. Carroll. receiver of State Bank. of Van 1 praying that this Court jurisdiction of the above en for the purposes specif prayed. and that in the of its said jurisdiction, and proof of the premises allege petition. this Court enter an approving, ratifying and con the official liquidation of the State Bank. of Van Dyke, F by said petitioner and his p receiver. as receiver and st receiver. of said bank. includin discharge of said petitionin and decreeing dissolution o porate existence of said ba poration. and for other and ft as in said petition prayed further appearing from said that by reason of the multiplic parties in interest in said n that many of said parties in are non-resident or absent State of Michigan, and their " can not be ascertained. an of the diverse changes that urred in the identity of the p erested by reason of death. of interest, or otherwise. per on all of said parties i could not be had without judice to the equities of the su set forth and alleged in but that the object and of said petition as express prayer thereof is common of direct interest therein to-wit, common to all o skholders and creditors of said a class. and that because of i to make said personal service due consideration of the and circumstances set for petition and in due conside IS HEREBY ORDERED. and every creditor. stockl other person interested in th liquidation of The Garland of Van Dyke: and in the of said receiver and the of the corporate existence o Garland State Bank. of Van and appear before this Cou the 4th day of June. at the Circuit Court room i of Mount Clemens. State of at 11 o'clock a. m. on said as soon thereafter as counse heard. and THEN AND THER CAUSE. if any there be. prayer of said petitioner shoul granted and an order enter matter. approving, ratifying firming the receiver liquidati Garland State Bank. of Van and the discharge of th receiver thereof. and the solution of the corporate exis said The Garland State Bank. o Michigan, be decreed. pur the provisions of the statutes in made and provided. all accc the prayer of the petition of Receiver of said The Ga Bank. of Van Dyke. Micl filed in this Court and caus to the rules and practise IS FURTHER ORDERED. a that notice of hearing o and things prayed for in and of the day and time this Court for said hearing. be personally on at least three di and on at least ckholders creditors of said bar six davs prior to the date and designated for the he said petition. and that a copy of be published in the Monitor a newspaper printed. publishe general circulation in the Cour reomb. State of Michigan. once for three successive week publication thereof to be at days prior to the date fixe hearing on said netition NEIL E REID. Circuit Judge. untersigned: THERINE M WANGELIN. Denuty Clerk COEENE