Article Text
Oldest Bank in Detroit Suburb Suspends Business Wayne Savings oldest largest bank in this suburb failed today notice posted the stated the for and liabilities was immediately available.
8307. Wayne Savings Bank (Wayne, MI)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- savings bank
- Start Date
- June 19, 1931
- Location
- Wayne, Michigan (42.281, -83.386)
Metadata
- Model
- gpt-5-mini
- Short Digest
8ecee0a30ef414f5
Response Measures
None
Description
Contemporary newspaper items report Wayne Savings Bank (Wayne, Mich.) suspended business (June 1931) and later was described as defunct and in receivership (March 1932). Subsequent articles (July 1932) mention court proceedings held in the bank's vault in a receivership case. No article describes a depositor run prior to suspension; therefore this is classified as a suspension followed by closure/receivership. Bank charter type inferred as state savings bank from name but not explicitly stated in the texts.
Events (3)
1.
June 19, 1931
Suspension
- Cause Details
- Contemporary notice posted that the bank 'failed' and suspended business; no specific cause (rumor, insolvency reason) given in the snippet.
- Newspaper Excerpt
- Oldest Bank in Detroit Suburb Suspends Business Wayne Savings oldest largest bank in this suburb failed today notice posted the stated the for and liabilities was immediately available.
- Source
- newspapers
2.
March 16, 1932
Receivership
- Newspaper Excerpt
- Dissatisfied the receivership, defunct Wayne (Mich.) Savings Bank Tuesday Attorney Harry into the affairs apwith the positors Reichert, State
- Source
- newspapers
3.
July 12, 1932
Other
- Newspaper Excerpt
- Judge Joseph Moynihan recently held court in the vault of Wayne Mich. savings bank because was easier to move the court than the records of a receivership case.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
DEPOSITORS ASK TOY FOR DEFUNCT BANK QUIZ Dissatisfied the receivership, defunct Wayne (Mich.) Savings Bank Tuesday Attorney Harry into the affairs apwith the positors Reichert, State
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Article Text
Judge Shifts Court By United Judge Joseph Monyihan believes in the practical thing later. Recently. he held court in the vault of Wayne Mich. savings bank because was easier to move the court than the records of a receivership case.
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Article Text
Betty don Harold Perkins, of Darlington, Eng., takes his invalid wife for hikes in a wheel-chair, sometimes covering 30 miles a day, sleeping wherever night catches them. Plowing a field that had been untilled for about half a century, Walter Robinson, of Stoughton, Mass., recently uncovered a big U. S. penny dated 1840. While Mrs. J. W. Blakefield, of Lathrop, Calif., relieved her husband in an all-night vigil for chicken thieves, burglars entered the bedroom where Blakefield was sleeping stole his trousers, money watch and other valuables. Police Judge William Steinrauf, of Topeka, Kans., arrested himself for parking his automobile too long on a down town street. History was rudely jarred in Waukegan, Ill., when Ben Franklin was arrested for speeding and reckless driving for which he was fined $11.40 and costs. A California inventor has a sun dial with curved lines on which the shadow of the pointer falls for the hours and minutes, thereby telling the exact time. Circuit Judge Joseph A. Moynihan recently held court in the vault of a Wayne, Mich., savings bank because it was easier to move the court than the records of a receivership case. At Grant's Pass., Ore F. E. Jordan, nurseryman, has a Chinese pear tree, which has 108 grafts, 9 of which will bear this year.