Center Line State Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 1, 1932*
Location: Center Line, Michigan (42.485, -83.028)

Metadata

Model: gpt-5-mini
Short Digest: 430574fd

Response Measures

None

Description

Article states the bank was closed in 1932 and administered in receivership; a final dividend was ordered in 1943. No run is described. The 1932 closures are placed in context of widespread bank failures in South Macomb County (Great Depression-era), so cause classified as macro_news.

Events (2)

1. January 1, 1932* Suspension

Cause: Macro News
Cause Details: Closed in 1932 as one of many bank failures in South Macomb County during the Depression-era banking distress.
Newspaper Excerpt: The bank was one of many closed in South Macomb County in 1932.
Source: newspapers

2. December 22, 1943 Receivership

Newspaper Excerpt: A final dividend to all creditors of the closed Center Line State Savings Bank amounting to 4.3 per cent was ordered by the Circuit Court this week. ... Affairs of the receivership have been administered by Melvin VanHowe, under the jurisdiction of the Macomb County Circuit Court.
Source: newspapers

Newspaper Articles (1)

1. December 22, 1943 The Daily Monitor Leader Mount Clemens, MI

Article from The Daily Monitor Leader, December 22, 1943

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Article Text

Center Line Savings Pays Final Dividend A final dividend to all creditors of the closed Center Line State Savings Bank amounting to 4.3 per cent was ordered by the Circuit Court this week. The total return to creditors amounts to 91.8. The bank was one of many closed in South Macomb County in 1932. Affairs of the receivership have been administered by Melvin VanHowe, under the jurisdiction of the Macomb County Circuit Court. Checks may be called for in person at the office of the receiver in the Kaiser Building. East Detroit, or they may be obtained by mail by returning the outstanding Certificate of Claim to the receiver's office.