8235. Hemlock State Bank (Richland, MI)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
state
Start Date
March 27, 1933
Location
Richland, Michigan (42.376, -85.455)

Metadata

Model
gpt-5-mini
Short Digest
e817987c9963f428

Response Measures

None

Description

Articles (both dated 1933-03-27) report that the State Banking Commissioner appointed a conservator for Hemlock State Bank (Ray B. Beaver). This is a government action (conservatorship) rather than a depositor run; no mention of depositor panics, heavy withdrawals, suspension of payments, reopening, or receivership is given in these snippets. The provided bank location in the prompt (Richland, MI) appears incorrect: the articles refer to Hemlock (Saginaw County), MI. I therefore use Hemlock as city. Because the articles only describe appointment of a conservator (government action) and give no subsequent reopening/closure information, I record a suspension event dated 1933-03-27; I classify the episode type as suspension_reopening under the assumption conservatorships were often temporary, but note there is no explicit mention of reopening or permanent closure in the texts.

Events (1)

1. March 27, 1933 Suspension
Cause
Government Action
Cause Details
State banking commissioner appointed a conservator (Ray B. Beaver) for Hemlock State Bank as part of statewide conservatorship actions.
Newspaper Excerpt
Ray Beaver will act for the Hemlock State bank... Conservators for three more village banks... Conservators for Michigan state banks was announced by R. E. Reichert, state banking commissioner.
Source
newspapers

Newspaper Articles (2)

Article from Battle Creek Moon-Journal, March 27, 1933

Click image to open full size in new tab

Article Text

CONSERVATORS SELECTED Named For 58 State Banks In State Of Michigan. Lansing, March pointment of conservators for Michigan state banks was announcby Reichert, state banking commissioner, following today's session of the governor's advisory banking commission. In majority of cases the conservators are from the towns in which the banks which they will take over are locat- Affairs of two Flint banks were placed under the Mark Wilson, recently of Detroit, who has been identified with both state national bank activities for number of years and in whom Reichert said he has complete confidence. They are: Cheboygan State Savings Bank, Cheboygan, Fred Haut. Newberry State Bank, Newberry, John H. Paull. First State Savings Bank, Hillsdale, R. Owen. Sparta State Bank, Sparta, Carlson. People's State Savings Bank. Auburn, W. Gillman. State Savings Bank, Owosso, Kenneth Crawford. Traverse City State Bank, Traverse City, George B. Kilbourne. State Bank Whitehall, White. hall, George E. Covell. Farmers State Bank, Montague, Adolph Anderson. Hemlock State Bank, Hemlock, R. Beaver. Cedar Springs State Bank, Cedar Springs, Herbert Wheeler. Ludington State Bank, Zook. Riverdale State Savings Bank, Fred Leiter. Citizens Savings Bank, Owosso, Frank Freeman. Metamora State Savings Bank, Metamora, Fred Downer Pinconning State Bank, Pinning, Fotheringham. State Bank of Niles, Niles, Thomas Cain. Yale State Bank, Yale, Guy Beard. State Bank of Coswell, Coswell, Melvin H. Aitkin. Cass City State bank, Cass City, Auten. Bellaire State bank, Bellaire, W. H. Richards Citizens State Savings bank, New Baltimore, Pingel First State Savings bank, Bronson, Frank Coward. Clarkston State bank, Clarkston, George King. First State Bank of Mendon, Mendon, H. First Commercial Savings bank, H. Estes. Wolf Brothers State bank, Centerville, State Savings Bannister, C. Bates. State Savings Bank of Elsie. sie, First State Bank of Allegan, Allegan, Herman Vaupell. State Savings bank, Clinton, W. Van Tyle. American State bank, Frankenmuth, John Geyer. First State Savings bank, Holly, Lyons. State Savings bank, Stanton, Starks. Birch Run State bank, Birch Run. Herbert Walter. First State Bank of Kingsley, Kingsley, Carl Brown. Pinney State bank, Cass City, Pinney. State Bank of Harbor Beach, Harbor Beach. John Prieskorn. Marysville Savings bank. Marysville. John Barron. Farmers Savings bank, White Pigeon. M. Benjamin. Springport State Savings bank, Springport, Allen Crawford, Peninsula bank, Ishpeming, PetGenesee County Savings bank, Mark Wilson Union Industrial Trust and Savings bank. Flint. Mark Wilson. First State bank, South Haven, Van Farmers and Merchants State bank, Lakeview, Griffith. Big Rapids Savings bank, Big Rapids. William Taggart. Rockford State bank, Rockford, Muir. Byron Center State bank, Byron Frank Farmers State bank, Alto, Earl Colby. Peoples State bank, Milan, Laskey Farmers State bank. Breckenridge, Baldwin. Woodland State bank, Woodland. Hilbert. Eaton County Savings bank, Charlotte, Phil H. Barber.


Article from The Saginaw News, March 27, 1933

Click image to open full size in new tab

Article Text

3 COUNTY BANKS GET CONSERVERS Hemlock State, Frankenmuth American State and Birch Run State Affected. Conservators for three more village banks in Saginaw county State, American State of Frankenmuth and Birch Run Monday by State Banking Rudolph E. in Lansing. In each case, the cashier of the bank for which application was made was named conservator. Ray Beaver will act for the Hemlock State bank, while John Geyer, cashier of the Frankenmuth American State bank, and Hubert Walter, cashier of the Birch State bank, will act similar capacities for their spective Appointment the three conthe village Saginaw conservator The State and the Charles State conservators appointed Friday. (By United Press.) LANSING, March conservators for Michigan state banks was nounced by R. E. Reichert, state banking of the visory commission. In majority of the from which the which they will take over are located. Affairs two Flint banks were the Wilson, recently of troit, who has both state and national bank tivities for a number of and whom Reichert said he has in confidence. They Birch Run State Bank, Herbert Walter. American State Bank, FrankenState Bank, Hemlock, Ray B. Beaver. (Continued Page Column 2)