Article reports appointment of a temporary receiver for State Savings Bank of Bad Axe (Jan 20, 1933). No run or explicit prior suspension is mentioned in the excerpt, but the receiver appointment indicates the bank was closed/placed in receivership; therefore classified as suspension_closure (no run reported, permanent closure/receiver).
Events (1)
1.January 20, 1933Receivership
Newspaper Excerpt
Verne Geiger, examiner of the banking department, has been appointed temporary receiver for State Savings bank of Bad Axe.
Source
newspapers
Newspaper Articles (1)
1.January 20, 1933The Minden City HeraldMinden City, MI
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Article Text
LOCAL MAN APPOINTED BANK RECEIVER
Verne Geiger, examiner of the banking department, has been appointed temporary receiver for State Savings bank of Bad Axe.