State Bank - Perry, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 5, 1932
Location: Perry, Michigan (42.826, -84.219)

Metadata

Model: gpt-5-mini
Short Digest: 29ae67b324a6a079

Response Measures

None

Description

Article (Lansing State Journal, 1932-10-05) reports the State Bank of Perry had closed and that the banking commissioner petitioned to wind up and close out the business. OCR errors in the text (garbled phrases) were corrected when interpreting meaning. No run or depositor panic is mentioned; action appears regulatory leading to permanent closure.

Events (1)

1. October 5, 1932 Suspension

Cause: Government Action
Cause Details: Commissioner petitioned to wind up and close the bank due to its condition (regulatory action to liquidate).
Newspaper Excerpt: State bank closed its doors ... petition ... commissioner. He stated the petition ... advisable wind up and close out the business.,
Source: newspapers

Newspaper Articles (1)

1. October 5, 1932 Lansing State Journal Lansing, MI

Article from Lansing State Journal, October 5, 1932

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Article Text

Roland L. Spalding Is Appointed to Bancroft Institution Special The State Journal: 5-Roland Spaldof Perry, formerly East of the State bank closed its doors last made Judge Collins petition Rudolph Reichert, commissioner. He stated the petition that the the bank were condition that was advisable wind up and close out the business. Spalding is the son of M. Spaldpresident Perry State bank formerly connected with an East Lansing bank.