8892. Security National Bank (Battle Creek, MI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
14185
Charter Number
14185
Start Date
June 9, 1934
Location
Battle Creek, Michigan (42.321, -85.180)

Metadata

Model
gpt-5-mini
Short Digest
5da341ff

Response Measures

None

Description

Articles report the Security National Bank of Battle Creek opened June 11, 1934 as a reorganized institution after the previous National Bank and Trust Company 'ceased to exist' the prior Saturday. No article describes a depositor run; this is a suspension/closure followed by reopening under a reorganized bank.

Events (3)

1. June 9, 1934 Chartered
Source
historical_nic
2. June 9, 1934 Suspension
Cause Details
Preceding institution (National Bank and Trust Company) 'ceased to exist' the prior Saturday amid state bank holiday/closure and reorganization; exact regulatory action not specified.
Newspaper Excerpt
All former officers the National Bank and Trust company, which ceased to exist termination the Saturday.
Source
newspapers
3. June 11, 1934 Reopening
Newspaper Excerpt
The quiet hum of orderly business prevailed today in the new Security National Bank of Battle Creek which opened doors at o'clock this morning... While nearly 2,500 savings accounts were available for withdrawal today, ... less than 300 persons had taken advantage of this privilege at noon.
Source
newspapers

Newspaper Articles (2)

Article from Battle Creek Moon-Journal, June 11, 1934

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Article Text

CITY JOYOUS AS NEW BANK OPENS DOORS Readjustment Of Deposits In Goes On Steadily. The quiet hum of orderly busiprevailed today in the new Security National Bank of Battle Creek which opened doors at o'clock this morning. while commercial and financial Battle Creek rejoiced over of normal banking after year of patient waiting. While nearly 2,500 savings counts were available for withdrawal today, according to the phabetical order of the payoff. less than 300 persons had taken advanof this privilege at noon. All commercial accounts behandled as the regular order business, with tellers at four windows normally busy Five New Officers Named With the opening the bank, executives election five officers, completing the official roll. All former officers the National Bank and Trust company, which ceased to exist termination the Saturday. officers cashiers, Violet Redmond, Tobias and Ed Lean, also manager the East End branch bank; auditor, Jackson. the same positions they held in the bank. Mr. Toassistant vice-president of the bank. New Savings Account The account in the Security National Bank was taken by Arthur Karr. of Mrs. Arthur R. Karr, 19 Janoah avenue. Among the firms which made the first large commercial deposits were the Kellogg company, the International Printing Ink company, the Michigan Carton company announced today that there will be change in the phabetical order the payoff of (Continued on Page Two.)


Article from The Grand Rapids Press, June 11, 1934

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Article Text

BANK CENT Reorganized, Opens Tuesday; Funds Released at Battle Creek. (By Associated Press.) Scheduled reopenings two banks in that third be organized are announced. The recently reorganized County National bank, Ionia, closed since the state bank hollday, reopen The institution, which succeeds the National Bank of Ionia, will offer an immediate 45 per cent release, approximating Battle Creek's Security Na. tional bank reopen Monday, releasing pounded the Merchants reopening 100 cent payoff for those hav. ing $100 less on deposit. That will have became assured the that the sale bank had pleted. Pays at Holland June First State release deposits, beginning make retired since reopened about months the bank liquidation than $350,000, at the time openR. Don that the bill notes all assets and clear. Speeds Payments. Paw Paw, State bank complete its tificates six Under the plan the might years complete installments.