Bellevue State Bank - Bellevue, MI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: August 1, 1932*
Location: Bellevue, Michigan (42.443, -85.018)

Metadata

Model: gpt-5-mini
Short Digest: 6eeedd98

Response Measures

None

Description

Article (Battle Creek Moon-Journal, 1932-07-22) describes the Bellevue State Bank having suspended earlier and a planned reopening about August 1932 after a reorganization and hearing on preferred claims. No run or depositor panic is described; actions are reorganization, increase of capital stock, and petition for allowance of public deposits.

Events (2)

1. August 1, 1932* Reopening

Newspaper Excerpt: reopening the Bellevue State Bank about August expected will be granted by Circuit Judge R. McPeak. Hearing on petition for preferred claims is set for August
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank had suspended and a petition for preferred claims on the bank's assets was filed; public deposits (village, township, school districts) were affected, prompting reorganization of assets and capital increase.
Newspaper Excerpt: deposits at the time the bank suspended
Source: newspapers

Newspaper Articles (1)

1. July 22, 1932 Battle Creek Moon-Journal Battle Creek, MI

Article from Battle Creek Moon-Journal, July 22, 1932

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Article Text

BANK REOPENING AT BELLEVUE IS EXPECTED SOON Hearing On Petition For Preferred Claims Is Set For August Bellevue, July for reopening the Bellevue State Bank about August expected will be granted by Circuit Judge R. McPeak. Charlotte, following the hearing on petition for the lowance preferred claims. which has been set for Monday August The and board rectors were elected this week and the vacancy remaining complete the reorganization appointment cashier to succeed the late Kimberly. The potition was filed in circuit court by Kimberly, todian of the bank's assets, the claims on which allowbeing asked amounting to total of public money deposit at the time the bank suspended Among these deposits, Mr. Kimberly's petistates, are those of the village, township about dozen school districts. The village claim amounts to that of the township is $3,709.74: that of School District No. $1,203.39. the reorganization of the bank's assets capital stock has been increased from $20,000 $40,000 The stock amountheld the depositors the in stitution They Jerome Foss. William Archie Cook, Mrs. Illa Arthur B. Orin VanSickle, D. Beggs, Thomas Anna Wiley, Postmaster Fred Fitzgerald, William H. Bauer, John Robinson, Bert Car roll, Oliver Carroll, Miss Jennie Johnston. Kenneth Mulvaney, Newell B. Hamilton E. E. Hamil and Stockholders in the bank who have retained their are Dr. Haight, Volney O. John Brown, John Sharkey and Allen Havens. The stock formerly held by W. Dyer. Earl Kelly and Charles Legge has transfered to Mrs. Emma Simon, Mrs. Delia Kelly and Darrold Dennison, respectively while the stock of the late Kimberly held by his broth Maurice Kimberly. todian of the assets during