8898. Belding Savings Bank (Belding, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
July 14, 1932
Location
Belding, Michigan (43.098, -85.229)

Metadata

Model
gpt-5-mini
Short Digest
4298c7e2

Response Measures

None

Description

Articles (1932–1934) consistently refer to the Belding Savings Bank as a closed institution with a receiver paying dividends and assessing stockholders 100%. There is no mention of a depositor run prior to suspension; the bank closed (suspended) and remained in receivership/closed. Closure date referenced as June 20 (year implied 1933 from surrounding articles). Cause of suspension is not stated in the articles, so classified as 'other'.

Events (3)

1. July 14, 1932 Receivership
Newspaper Excerpt
Ionia-A per cent dividend. amounting to $50,000, will be paid depositors of the closed Belding Savings Bank, the receiver announced. Stockholders were assessed 100 per cent.
Source
newspapers
2. June 20, 1933 Suspension
Cause Details
Articles state the bank 'closed' and a receiver was appointed; no explicit cause (e.g., run or government action) is given.
Newspaper Excerpt
The bank closed June 20,
Source
newspapers
3. January 5, 1934 Other
Newspaper Excerpt
default judgment has been awarded court Wilson $520 plus Kate Lassiter for five of stock of the closed Belding Savings bank. She neglected to pay the 100 per cent assessment levied against in June, The bank closed June 20,
Source
newspapers

Newspaper Articles (4)

Article from Edwardsburg Argus, July 14, 1932

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Article Text

money to for broken window has pane received, in an unsigned city officials. The $5 bill was given to the welfare relief fund. Grand Rapids-A broken neck cost the life of Kenneth Bricker, 20 years old. He died hospital of injury suffered last June when he dived into shallow water in creek. mond was fatally injured when he darted into the path of an automobile his uncle, Reeves Ewing. The child died four hours after the accident. of the suit of the receiver of the defunct American State Savings Bank to recover $90,000 from Ingham County, claimed to have been paid out by bank officials after the institution closed its doors, under way in Circuit Court here. second annual Peach Festival will be held here September and announced recently. Plans for the festival are rapidly being completed. peach queen will be selected to deliver basket of peaches to President Hoover. Mt. first perfect game in 12 of playground ball history Mt. Clemens was pitched here by Quincy Schnaufer, hurler for the Copeland Products, who feated King Finance, 1-0, regulation game. Incidentally, Schnaufer singled the to score teammate for the winning run. East coroner's found the drowning of five persons the Au Sable river miles north here due to negligence on the part of the driver of the motorboat, Thomas Little. Mrs. John White, 17 years old. Ethel Engles, 18, and three children drowned when Little's motorboat struck log in the river. valuation of Eaton County reduced $4,000,000 by the Board Supervisors, valuation being about The reduced their compensation from day to removed the bounty of head on rats, and voted down the proposal to combine the offices county clerk and register of deeds. Grand Ledge-John Pierce, fire chief, had the tank of the fire truck filled gallons of gasoline. The next day the department was called the home of Etheol Avery, seven miles north of Grand Ledge. Pierce started with the truck but discovered there was gas, someone having drained the tank. The house burned down. cargo of pig iron ever to be brought into the Holland Harbor has been at Harrington dock. The cargo of 1,000 tons, which was shipped from Toledo, was unloaded with magnets and livered to the Holland Furnace Co. The vessel, the Henry Cort, with its cargo drew feet water, which heavy load the Holland Harbor will accommodate. fields in Marquette County will be constructed, assured, with release $4,500 for the construction work by the State Board Aeronauties. The fields will complete the northern link of the state's emergency terminal system. Grant of $150 the University of Michigan for lighting of the wind velocity experimental there recommended by the board. are more bird houses relation human population Ludington than any other Michigan city, claims Lawrence Lind. secretary of the Mason County Chapter of the Izaak Walton League. With the co-operation of the school children, the Waltonians of Ludington have just completed which showed there are 1,330 birdhouses the city, which has population of less than 9,000. Cramton of peer, who served in Congress for until he defeated 1930 Jesse Wolcott, of Port Huron, asounced his candidacy for the Republican nomination for Congress. Cramton, former dry leader in the House, said in his that although he still definitely opposed repeal or modification the Eighteenth Amendment, he will, if nominated and elected, vote to submit the question to the people. to the Commission for permanent permit for the Saginaw police station, which was cently completed here, according to announcement by Mayor George Phoenix, commissioner of health and safety. Letters of congratulations continued pour in from all parts of the Middle West to notify local officials that the Saginaw police radio station, WPES. was heard considerable distances during the tests. Grand 8-year-old son of Guy Ingham, died injuries suffered when he fell on pitchfork weeks previous. Death attributed to lockjaw. James, 2-year-old of Mrs. Musselman, in hospital at Omer of head injuries received when he was kicked horse. The child never regained consciousness. Ionia-A per cent dividend. amounting to $50,000, will be paid depositors of the closed Belding Savings Bank, the receiver announced. Stockholders were assessed 100 per cent. Gerrit Rutman, years already suffering from nancial reverses, worms had ruined bed of mushrooms his farm, he entered his home and shot himself to death. Gilleo was revived by firemen after being overcome by from water heater. He was found unconscious in bathtub when firemen broke down the door, but was revived through use of pulmotor. Traverse large black bear was sighted main highway leading into Traverse City recently. ambling around in heart of the most fertile farm land be found in Northwestern Michigan, which added to the mystery of its presence in community 80 highly veloped. Grand he refused to work, Roy Wheeler began serving 30-day jail term here. Wheeler has been receiving help from the welfare board for two years and was detailed work paving job. He refused do work the plat of ground allotted him for garden. The jail resulted. Grand Jablonski. year-old all-state high school football halfback last year, was held charge of theft of an automobile. Police said he had implicated Stanley Broton, 21, who also held. They are alleged to have stolen an automobile from parking lot and wrecked in collision with bus. dead grasshoppers piled up on some farms the acre, Walker, county cultural agent, believes Marquette County winning its fight against the hopper plague. The war, which poisoned bait used for ammunition, will continue said, crops townships still are in danger. excitement of the first game in double header Navin Field blamed for the death George Contas, 37 years old He collapsed in the bleachers at the close the first game and few minutes later in Receiving Hospital. Heart trouble, resulting from excitement, the cause of death, physicians rocks horse who grass pasture Wayne and Ford roads, has proved disastrous for John Vafiads, 31. The horse turned on John and kicked him: in the stomach. John, taken Receiving Hospital, was clared have internal injuries. Vafiads attending picnic and was getting kick out the rockthrowing until kicked. Lassen, 36, father four, seriously wounded himself when police approached his home tion him about an attempted holdup He suspected of being the thug who attempted hold up the Personal Finance Company but when woman cashier screamed. When detectives, who traced him through the license numbers his rang door bell he shot himself Prior, 27 years telephoned Miss Dorothy Gruette, student nurse Hurley Hospital, and told her, according to police, that he planning kill himself. When she expressed disbelief, he told listen. She heard shot and hastened to Prior's home with other student nurses. They found Prior on the floor, with bullet near his heart. Prior Hurley Hospital. Attendants said he would Grand said the umpire. "Get yelled the crowd. Two hundred or more spectators and the baseball players participating Garfield Park took the chase and captured youths had stolen the automobile of ball fan and smashed against tree. The youths, Ransom Vogel, and Henry De 18, said were just going for The ball game resumed. said. The batter walked. Kent Alice M: Dush, years old. killed hersel& her farm home near here detectives sat their motor outside the house waiting to question and her husband, David, concerning of anonymous letters that have been circulated about the neighborhood. The woman requested the tectives wait until her husband had finished his dinner when they asked for him. She then went to her beddrank poison.


Article from The Unionville Crescent, July 15, 1932

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Grand Rapids Wendell Ingham 8-year-old of Guy Ingham, died of injuries suffered when he fell on a pitchfork two weeks previous. Death was attributed to lockjaw. Bentley-Donald James 2-year-old son of Mr. and Mrs. W. Murselman, died in hospital at Omer of head injuries received when he was kicked by horse. The child never regained consciousness. Ionia-A 5 per cent dividend amounting to $50,000 will be paid soon to depositors of the closed Belding Savings Bank the receiver an nounced. Stockholders were assessed 100 per cent. Holland-When Gerrit Rutman. 35 years old, already suffering from financial reverses. found that worms had ruined a bed of mushrooms on his farm. he entered his home and shot himself to death Ann Arbor-Buster's master has been dead more than four years, but an cocker spaniel waits daily near the chirance to St. Joseph's Mercy Hospital here. expecting the Rev Michael Patrick Bourke, chaplain there until his death, Feb 14. 1928 appear. Buster has plenty of friends every member of the hos pital staff trying to make the dog "forget to remember." In Spite of un usual attention, Buster seemingly can't understand why Fr. Bourke doesn't appear. Each day he watches the front door, examining those who leave


Article from The Grand Rapids Press, June 24, 1933

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Belding and Lyons Bank Cut Ionia, recommendation by State sioner Rudolph Circuit Judge Royal Hawley this week ordered the pay of Wilson, Belding Savings bank and that Frederick B. Post, receiver the Lyons bank, The Muir bank place of Will lard Hawley of Ionia, who asked to be


Article from The Grand Rapids Press, January 5, 1934

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BELDING BANK RECEIVER WINS DEFAULT JUDGMENT Ionia, Jan. default judgment has been awarded court Wilson $520 plus Kate Lassiter for five of stock of the closed Belding Savings bank. She neglected to pay the 100 per cent assessment levied against in June, The bank closed June 20,