Short notice item (Niles Daily Star, 1934-12-11) reports that the governor's advisory banking committee approved plans for reopening the Otisville State Bank. The article implies the bank had been suspended and is being reopened with official approval; no mention of a depositor run or permanent closure. Suspension appears to have been by government/banking authorities. No precise suspension date given in the excerpt.
Events (2)
1.December 11, 1934Reopening
Newspaper Excerpt
plans for the reopening of ... the Otisville State bank were approved by the governor's advisory banking committee today.
Source
newspapers
2.*Suspension
Cause
Government Action
Cause Details
Bank had been closed/suspended and reopening required approval by the governor's advisory banking committee; implies government/banking authority action led to suspension.
Newspaper Excerpt
plans for the reopening of the State ... the Otisville State bank were approved by the governor's advisory banking committee today.
Source
newspapers
Newspaper Articles (1)
1.December 11, 1934The Niles Daily StarNiles, MI
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Article Text
BANKS TO REOPEN
LANSING. Dec. zation plans for the reopening of the State Edwin Nash State bank Clarksvine, the Otisville State bank were approved by the governor's advisory banking committee today.