State Bank - Fenton, MI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: July 14, 1931
Location: Fenton, Michigan (42.798, -83.705)

Metadata

Model: gpt-5-mini
Short Digest: 5221cb90b1e4ca3e

Response Measures

None

Description

Article (Muskegon Chronicle, 1931-07-14) reports the suspension/closing of the Fenton State (State Bank) with a 90-day withdrawal order effective in July. OCR is poor (phrases like 'porary' and 'frozen' appear garbled). The article gives no indication of a prior run or of permanent failure/receiver assignment; it describes a 90-day withdrawal order as a safeguard, so I classify this as a suspension with the implication the bank may resume (no evidence of permanent closure). Cause is unclear from text—likely frozen assets/funds—so I label cause as 'other' and record the quoted snippet.

Events (1)

1. July 14, 1931 Suspension

Cause Details: Article states closing was due to 'frozen' (OCR garbled)—suggests frozen funds/assets; a 90-day withdrawal order was imposed as a safeguard.
Newspaper Excerpt: Fenton Bank Suspended. suspension of the Fenton State porary bank was announced ... the closing was due to frozen ... 90-day withdrawal order became effective July ... safeguard to depositors, stated.
Source: newspapers

Newspaper Articles (1)

1. July 14, 1931 The Muskegon Chronicle Muskegon, MI

Article from The Muskegon Chronicle, July 14, 1931

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Article Text

Grain Cash Grain. hard No. yellow hard No. 2 mixed 50 to mixed No. white yellow white new No white old to 53c. to 5.00 to 20.00 Fenton Bank Suspended. suspension of the Fenton State porary bank was announced this Savings Frank ier, morning said the closing was due to frozen however, are ample all deposits 90-day withcover drawal order became effective July safeguard to depositors, stated. Phone Company Dividend A two in stock on stock of the Associated Telephone Utilities company. of which the Michigan Associated has voted by the of the company. parent The dividend will be payable Oct 15 to holders of record on Sept. 30, CHICAGO GRAIN FUTURES