State Bank - Harbor Beach, MI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: April 10, 1934
Location: Harbor Beach, Michigan (43.845, -82.651)

Metadata

Model: gpt-5-mini
Short Digest: 2f37729e

Response Measures

None

Description

OCR errors in the clipping. Article (The Times Herald, 1934-04-11) reports a judge approved plans for the State Bank of Harbor Beach so deposits would be available when the bank opens — indicating the bank had been closed/suspended and is planning to reopen. The article does not describe any depositor run; closure appears to have been handled through court/receiver processes, so I classify the cause as government_action/receiver involvement. Dates are sparse; judge approval occurred around April 10, 1934 (article dated Apr 11).

Events (2)

1. April 10, 1934 Reopening

Newspaper Excerpt: Officials of the bank report that more than 85 positors have agreements the plan ... deposits be available when the bank opens.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank had been closed and court/receiver-approved plans were required to make deposits available when the bank reopens; indicates closure under legal/receivership action.
Newspaper Excerpt: Judge Approves Bank Plans ... plans of the State Bank of Harbor Beach approved ... the deposits be available when the bank opens.
Source: newspapers

Newspaper Articles (1)

1. April 11, 1934 The Times Herald Port Huron, MI

Article from The Times Herald, April 11, 1934

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Article Text

Imlay City Bank Receiver Is Paying Depositors $20,000 Imlay City, Apr. ple's State bank authorized Tuesday by to per cent to the payment to start today. The sum of $20,000 will be paid out by the Ronald Rhead of receiver. This is first money received by the from the bank since the bank was Feb. 19, 1932. Judge Approves Bank Plans Bad Apr. tion plans of the State Bank of Harbor Beach approved Circuit X. at Under the of the deposits be available when the bank opens. The remainder will be trust fund. Officials of the bank report that more than 85 positors have agreements the plan