9160. Grand Rapids Trust Company (Grand Rapids, MI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
trust company
Start Date
December 1, 1932
Location
Grand Rapids, Michigan (42.961, -85.656)

Metadata

Model
gpt-5-mini
Short Digest
5bb84b0b

Response Measures

None

Description

Articles indicate the Grand Rapids Trust Company had a receiver in place and limited withdrawals in Dec 1932, and the bank was later reopened for regular business under restrictions on 1933-03-29. There is no explicit description of a depositor run in the provided text, so this is classified as a suspension (receiver/government action) followed by reopening.

Events (2)

1. December 1, 1932 Suspension
Cause
Government Action
Cause Details
Bank had a receiver and limited withdrawals were being allowed; bank in receivership leading to suspension of normal operations and restricted withdrawals.
Newspaper Excerpt
started suit against the Grand Rapids Trust company in federal court today... The bank receiver for the lumber company of her late husband...
Source
newspapers
2. March 29, 1933 Reopening
Newspaper Excerpt
GRAND RAPIDS TRUST COMPANY IS REOPENED ... the Grand Rapids Trust company for regular business under restrictions prohibiting withdrawals for hoarding today eased the strained banking situation here.
Source
newspapers

Newspaper Articles (3)

Article from The Dowagiac Daily News, December 1, 1932

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Article Text

Simple Inaugural Is Roosevelt HERE'S ONE RIPLEY LIKELY SHY Dec. story of woman who was cued alive from the grave by ghouls intended to loot her thrilled Bucharest Josefine Nagy, wife wealthy farmer, was buried Tuesday in the village cemetery of Central Transylvania, according to the story was told here Wed. nesday night, three grave robbers went to the cemetery, dug the coffin, and prepared loot the They opened the casket and horrified when the moved. Josefine Nagy alive She arose, murmured "where and step out of the coffin. BY FREDERIC STORM United Staff Dec. An that simple, pensive cheerful. planned by Rear Admiral Cary chhairman of the inaugural mittee confer with the this afternoon deattendant upon his office March While the governor was not pected frown an elaborate turnout by military and naval ganizations stationed in and about capital, said he would object calling National guard troops distant points at great expense to the the White House Will come here with Breck enridge Long. former tary state, active the Roosevelt WARM SPRINGS, Ga., Dec. Senator Carter Glass of Virginia almost certain to be of fered cabinet post of secretary the treasury in the new adminis tration, friends Roosevelt believed today From sources close Roosevelt reported that decision of the cabinet places would made while he at Warm Springs. said James Farley would be offered the and that George Dern, Utah, that of secretary the terior STARTS BIG SUIT GRAND Dec. began suit against the Grand Rapids Trust company in federal court today, to recover from the banking The bank receiver for the lumber pany of her late husband, William Horner, who died in 1925.


Article from Battle Creek Moon-Journal, December 3, 1932

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Article Text

STATE BRIEFS Allegan. Dec. Emily Church, 92, an Allegan resident for 82 years. died home last night. Grand Rapids, Dec. P.) Saunders, 55, former alderman member board supervisors, died yesterday heart disease. prominent local real estate circles. Bay City, Dec. 3.-(U. ward Brick. of Flint, placed on five years' probation Friday when he pleaded guilty to charge forgery before Federal Judge Tuttle. He was arrested last Aug. 15. Belding. Dec. Martin, in South Bend, Winnipeg. and New York City on various charges. was here taken Lansing Friday face extradition proceedings. He wanted the Indiana city for St. Ignace, Dec. Practically final reports the deer hunting season indicated today that deer killed every seven hunters seeking them. total of 6,150 crossed the Straits of Mackinac during son just ended, was disclosed. St. Joseph. Dec. court appeal for review of the election which defeated him the post Berrien asked James Miller, Democrat. of 26 precincts lead of the successful candidate, Charles Mil. ler, by 26 votes. Bay City, Dec. examination Frank Napieralski, Alma Baking company head charged with using the mails defraud. adjourned until Dec yesterday United States Commissioner Frank Quinn. Napieralski is free on $2,500 bail. Bay City, Dec. scheduled the structed coast guard cutter. Escanaba, Northern Lake Huron has been cancelled. Lieut. Commander Perkins said Friday. No or. ders for base of the new craft have been received yet. the commander said. Traverse City, Dec. The Michigan Democlub, embracing Grand eratic Traverse, Benzie, Leelenau, Kalkaska Antrim counties ganized here last night by Democratie leaders counties. Spalding was elected president of the group. Mt Pleasant, Dec. Charles Pace, 45, oil field worker, compound fracture of his left and body lacerations caught in the wheel an engine was starting night, remained in critical today. He at the Michigan Gas Oil bond in the east field. Mt. Pleasant. Dec Construction three inch oil line rushed by the Pure Oil company today to handle the the new wildcat gusher in Greendale township, shut Thursday after stortanks filled. Present inthat the produce 1,000 and 1,500 barrels Bay City. Dec. JUDGE'S RULING MAY Johnson, old held county jail today default AFFECT PARKER CASE of $3,000 bonds following his examination before United States Dec. An Commissioner Frank Quinn on Probate Judge John charges Dyer act violation. Johnlander admitting probate yes. pleaded guilty transportaterday the of the will of tion stolen from Chicago the late John Gildea, SchoolSaginaw, was bound over craft. died April the grand jury. establish precedent in this coun- which may have bearing on Stanton. Dec. the the $100,000 Ancient Order of Gleaners. Michiestate of Rachel Arvilla Parker. fraternal society. must pay The back of $5,240.28 the months filed petition State Bank Sheridan receiver. admission probate Circuit Judge Royal Hawley duplicate will made by Miss ed yesterday. The court ruled that Parker giving the portion the order preferred creditor of her estate to the Foundation the bank. and scored of the bank officials repaying the the Kalamazoo Home the Gleaners' deposit time when Aged, Pretty Lake Vacation Camp. only limited withdrawals were al- Kalamazoo College and Bronson lowed. hospital. Grand Rapids. Dec. P.) estates claimed that the verdict no for action original had been "lost, stolen was directed late yesterday by or Federal Judge Fred M. Raymond in the by Mrs. MarFATHER OF KING BEN'S Horner, Reed City, seeking $130,411 from the Grand Rapids Trust company Mrs. Horner. widow of William Benton Harbor, Dec. Horner, lumberman, sought C. Snyder, years old, amount alleging due her years an employe Benton from her husband's firm, for Joseph Railway Co. which the bank receiver. member Mary's House DaTitle Newberry lumber mill vid cult, died here yesterday after was granted the widow by the short illness Snyder died at his home in this court.


Article from Battle Creek Moon-Journal, March 29, 1933

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Article Text

GRAND RAPIDS TRUST COMPANY IS REOPENED Grand Rapids, Mich., March 29. of the Grand Rapids Trust company for regular business under restrictions prohibiting withdrawals for hoarding today eased the strained banking situation here. Two other banks, the Grand Rapids Savings bank and the Grand Rapids National bank, reported reorganization plans virtually complete. They expect to rewithin few days. The savings bank asked Its depositors purchase preferred stock with 20 per cent of their ings, while the national bank will be reorganized with original stockholders surrendering their stock.