8028. Ferndale State Bank (Ferndale, MI)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
May 10, 1934
Location
Ferndale, Michigan (42.461, -83.135)

Metadata

Model
gpt-5-mini
Short Digest
2aae3e21f02fc90f

Response Measures

None

Description

Articles indicate the Ferndale State Bank was closed and a receiver was in place; no mention of depositor runs. A 1934 article discusses the bank's receiver and grand jury interest (bank closed), and a 1941 article notes George H. Van Buren serving as receiver for Ferndale State Bank. This implies suspension and eventual closure with receivership. Dates are taken from publication dates when event dates are not explicit.

Events (3)

1. May 10, 1934 Receivership
Newspaper Excerpt
Grand Jury May Question Ferndale Bank Receiver ... Arthur Wood, former president the Ferndale State ... hearing ... receiver for closed Ferndale expected the final witness
Source
newspapers
2. May 10, 1934 Suspension
Cause
Government Action
Cause Details
Bank was closed and a receiver had been appointed; grand jury expected to question the receiver.
Newspaper Excerpt
Grand Jury May Question Ferndale Bank Receiver ... former president the Ferndale State ... hearing ... closed Ferndale expected
Source
newspapers
3. January 16, 1941 Receivership
Newspaper Excerpt
Appointed by the state banking department to the receivership ... George H. Van Buren ... Mr. Van Buren is also receiver for the Ferndale State Bank; O. F ... liquidator of the Romeo Depositors Corporation and Almont Savings Bank.
Source
newspapers

Newspaper Articles (2)

Article from Detroit Free Press, May 10, 1934

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Article Text

Grand Jury May Question Ferndale Bank Receiver FERNDALE May George H. Van for closed Ferndale expected the final witness Judge Forbes Hascall's OneGrand Buren convalescing home mingham Assistant Prosecutor Franklin Morris questioned Arthur Wood, former president the Ferndale State and witnesses Wednesday, Judze Hascall the hearing until


Article from The Daily Monitor, January 16, 1941

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Article Text

Utica Personals TH The Utica Tuesday Club will hold its annual meeting on Tues. knit Utic day afternoon, Jan. 21, at the home of Miss Dora Hahn, 4926 17, 8 Cass street, opening at 2:30 Hirt o'clock. The choice of study meet for next year will also be made in tl at this time. President Mrs. Jas. Hirtl Fletcher has appointed as a fered nominating committee to act at Th this time Mrs. Sam McLean, cut I Mrs. A. B. Ladd, and Mrs. Sarah meet Baird. take able The Macomb County Past Matron's Club will meet on Wed- to by A nesday, Jan. 22, with the Past Matrons of Roseville Chapter. It give Yarn will be a luncheon meeting. also Mrs. Leonard Morrison, Mrs. prefe Russell Gierman, Mrs. Emil been Lange. Mrs. Norman Van Jaars. are o veld, Mrs. Walter Rieck, Mrs. is he John Mohritz, Mrs. Frank Green hand attended the meeting of the MaLa comb County Council Parenthind Teacher Association held Tuestowr day afternoon at the Lake Shore of U High School. The Regular monthly meeting of Con the Utica-Parent-Teacher Assoon 1 ciation will be held on Wedneschur day evening, Jan. 22, at 8 pres o'clock, at the high school. The from speaker will be Dr. Lavinia Macthe ( Kay who will speak on "Your the Child's Health". The PTA exMrs. tends an invitation to everyone J. A to attend this meeting. Mrs. Jose Laurence Wilkeman and Mrs. three Martin Muehller will serve the Mich refreshments. deac Appointed by the state bankpiani ing department to the receiversocia ship of the Utica State Savings Mich Bank, George H. Van Buren, of Thor Birmingham, took over his new Bair duties Tuesday morning. The The vacancy was caused by the sudof t den death of John Barron, rehold ceiver for the past five years. ity P Mr. Van Buren is also receivday, er for the Ferndale State Bank; O. F liquidator of the Romeo DeposValp itors Corporation and Almont the I Savings Bank. M William John Sipperley is actend the 1 companying his uncle, Fred Semenn, and a friend, Don Saunther, ders, of Detroit, on a motor trip home