Grand Rapids Savings Bank - Grand Rapids, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 10, 1941
Location: Grand Rapids, Michigan (42.961, -85.656)

Metadata

Model: gpt-5-mini
Short Digest: 319ba79f

Response Measures

None

Description

Article (The Daily Monitor, 1941-07-10) reports appointment of a receiver for the Grand Rapids Savings Bank, indicating the bank was closed and placed in receivership. No mention of a depositor run or prior suspension in the excerpt; receivership implies closure. Classified as suspension_closure because the bank is being taken into receivership (permanent closure).

Events (1)

1. July 10, 1941 Receivership

Newspaper Excerpt: The appointment of William McCaslin of Grand Rapids as receiver for the Grand Rapids Savings Bank and the American Home Security Bank of Grand Rapids was announced Wednesday night by State Banking Commissioner Maurice Eveland.
Source: newspapers

Newspaper Articles (1)

1. July 10, 1941 The Daily Monitor Mount Clemens, MI

Article from The Daily Monitor, July 10, 1941

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Article Text

State Briefs By the Associated Press LANSING-(P)-The appointment of William McCaslin of Grand Rapids as receiver for the Grand Rapids Savings Bank and the American Home Security Bank of Grand Rapids was announced Wednesday night by State Banking Commissioner Maurice Eveland. McCaslin previously held the posts. Joseph Arsulowicz of Grand Rapids was named attorney for the American Home Security Bank. An attorney for the Grand Rapids Savings Bank remains to be appointed. -0DETROIT-(P)-Another unit was added to the Ford Motor Company's educational system Wednesday for training apprentices for work in the aircraft industry. The company now has facilities for training 10,000 men. -0MONROE-(P) - Five-yearold Charles Sonoras drowned Wednesday in three feet of water in Swan Creek. He was playing with two other boys.