8174. Dansard State Bank (Monroe, MI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
August 27, 1931
Location
Monroe, Michigan (41.916, -83.398)

Metadata

Model
gpt-5-mini
Short Digest
9159396cbaf9be3a

Response Measures

None

Description

Dansard State Bank closed in late August 1931 and was placed in receivership in November 1931. A moratorium/reopening plan was approved in July 1933 and the bank reopened under that plan with partial immediate payments to depositors (5%). No newspaper text describes a depositor run; sequence is a suspension followed by reopening.

Events (3)
1. August 27, 1931 Suspension
Cause
Government Action
Cause Details
Bank closed Aug. 27/28, 1931 and placed in the hands of a receiver in November 1931.
Newspaper Excerpt
The bank closed Aug. 27. 1931. and has been in the hands of a ceiver since November, 1931.
Source
newspapers
2. July 8, 1933 Other
Newspaper Excerpt
plan for reopening the Dansard State Bank here was approved Friday by G. wee County judge Moratorium agreements been signed by 72 per cent of the deThe bank closed Aug. 27. 1931. and has been in the hands of a ceiver since November, 1931.
Source
newspapers
3. July 22, 1933 Reopening
Newspaper Excerpt
Dansard State bank, closed since August 28. 1931, reopened this morning under plan under which percent its depositors have agreed Immediate payment of five percent about $600,000 deposits planned with the reopening.
Source
newspapers

Newspaper Articles (3)
1. June 30, 1933 Detroit Free Press Detroit, MI
Article from Detroit Free Press, June 30, 1933

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Article Text

Monroe Man Dies in Auto Accident Four Hurt as Driver Loses Control MONROE June -Herman Kedinger. 45 years old, died Thursday night of fractured skull and other injuries suffered in an auaccident Thursday afteron Erie Thomas Dixon, 45. injured the chest Mays, 45. sustained injured pelvis, Albert Cronk, 33, and Henry Hudgins, 39, the driver minor and bruises. Their automobile overturned when Hudgins control of police Cronk and Hudgins were held pending an investigation is by his widow and four children. The Monroe County Board Supervisors Thursday refused authorize the county treasurer into with the closed Dansard State Bank Over 65 per cent the positors joined plan for organization. The of Mon roe has about $65,000 on deposit in this bank board adopted the report of the equalization The the County fixed $66,836,020. In 1932 it was $67,000,000. New bids for improving the Monroe postoffice will be was nounced here Thursday by Postmaster Mark L. Osgood All former bids have been rejected.

2. July 8, 1933 Detroit Free Press Detroit, MI
Article from Detroit Free Press, July 8, 1933

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Article Text

Dansard Bank at Monroe Given O. K. on Reopening MONROE July plan for reopening the Dansard State Bank here was approved Friday by G. wee County judge Moratorium agreements been signed by 72 per cent of the deThe bank closed Aug. 27. 1931. and has been in the hands of a ceiver since November, 1931.

3. July 22, 1933 The Herald-Palladium Benton Harbor, MI
Article from The Herald-Palladium, July 22, 1933

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Article Text

BANK UNDER MORATORIUM MONROE, July Dansard State bank, closed since August 28. 1931, reopened this morning under plan under which percent its depositors have agreed Immediate payment of five percent about $600,000 deposits planned with the reopening. GIVEN FIVE DAYS Frank Fox, address unknown, sentenced serve five Berrien county Justice John Rody. pleaded guilty charge drunk disorderly arrest Friday by Constable Bert field Albert Conkwright, of Eau Claire, was booked the county his arrest Sheriff following family quarrel.