8211. Oxford Savings Bank (Oxford, MI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
savings bank
Start Date
May 1, 1933*
Location
Oxford, Michigan (42.825, -83.265)

Metadata

Model
gpt-5-mini
Short Digest
ab27dc3f64199b8f

Response Measures

None

Description

Articles (Detroit Free Press, May 1933) report the Oxford Savings Bank under a conservator and facing liquidation discussions, followed a week later by a reported reorganization that would allow release/payment on accounts. OCR errors corrected (e.g., 'Ox ford' -> Oxford; 'Olive stated... up to $10,' likely $10,000). No explicit mention of a depositor run; events indicate a suspension/conservatorship and quick reorganization/resumption.

Events (2)
1. May 1, 1933* Suspension
Cause
Macro News
Cause Details
Bank was in distress during the Depression; conservatorship/liquidation discussions following wider banking troubles in 1933.
Newspaper Excerpt
meeting in the Oxford School Saturday discuss problems of liquidation.
Source
newspapers
2. May 13, 1933 Reopening
Newspaper Excerpt
Reorganization of Oxford's Bank Is Believed Assured ... Conservator Frank Olive stated ... Reorganization of the bank will permit immediate release and payment in all accounts up to ... Olive stated.
Source
newspapers

Newspaper Articles (2)
1. May 6, 1933 Detroit Free Press Detroit, MI
Article from Detroit Free Press, May 6, 1933

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Article Text

It in Village has postponed scheduled for June, next owing to the depression. Harold Bergh, Great Lakes died Joseph's Hospiafter few months' illness. Bergh sailed the lakes for the last 30 MT. Kelly, Royal Sharron Burnham, and Fred Brown, Cass the race for the the Student Council Central State Teachers College. Stark, Burlington Village the let bat out of his hands has unconscious since the accident. of the Ox ford Savings Bank to hold meeting in the Oxford School Saturday discuss problems of liquidation.

2. May 13, 1933 Detroit Free Press Detroit, MI
Article from Detroit Free Press, May 13, 1933

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Article Text

Reorganization of Oxford's Bank Is Believed Assured tion the Oxford Savings Bank Conservator Frank Olive stated Friday. About 60 per cent the $50,000 stock subscription required for the probably before the Monday night at the bank, Reorganization of the bank will permit immediate release and payment in all accounts up to $10, Olive stated.