9191. Hastings National Bank (Hastings, MI)

View Charter #1745 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1745
Charter Number
1745
Start Date
December 29, 1933
Location
Hastings, Michigan (42.646, -85.291)

Metadata

Model
gpt-5-mini
Short Digest
4bbebc54

Response Measures

None

Receivership Details

Depositor recovery rate
98.5%
Date receivership started
1933-12-27
Date receivership terminated
1938-08-17
Share of assets assessed as good
58.7%
Share of assets assessed as doubtful
33.9%
Share of assets assessed as worthless
7.4%

Description

No article describes a depositor run. The bank was placed in conservatorship and then a federal receiver was appointed (liquidation duties mentioned). That indicates suspension leading to permanent closure/receivership. Multiple articles document appointment and later replacement of the receiver (Dec 1933 initial appointment of Alvah D. Crimmins; July 1934 resignation and George Dye named successor).

Events (5)
1. December 3, 1870 Chartered
Source
historical_nic
2. December 27, 1933 Receivership
Source
historical_nic
3. December 29, 1933 Receivership
Newspaper Excerpt
Alvah D. Crimmins ... has been appointed from Washington as the receiver of the old Hastings National ... The duties of the receiver for the Hastings National bank will be to liquidate the assets left after the of the new National Bank of Hastings.
Source
newspapers
4. July 12, 1934 Receivership
Newspaper Excerpt
George Dye ... has been appointed receiver for the Hastings National bank ... Dye will take the position held by Alvah D. Crimmins, former Grand Rapids banker who recently was indicted by the federal grand jury in Detroit. Crimmins resigned both as receiver for the Hastings bank ...
Source
newspapers
5. * Suspension
Cause
Government Action
Cause Details
Bank placed into conservatorship prior to appointment of a federal receiver; regulatory action leading to suspension of normal operations
Newspaper Excerpt
the bank was in the hands of conservator nearly a year ago
Source
newspapers

Newspaper Articles (8)
1. December 29, 1933 Battle Creek Enquirer Battle Creek, MI
Article from Battle Creek Enquirer, December 29, 1933

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Article Text

HASTINGS BANK RECEIVER Choice of Alvah D: Crimmins OF Grand Rapids Unofficially Reported. News Word has and been received here that Alvah D. Crimmins of Grand Rapids has been appointed from Washington as the receiver of the old Hastings National No ficial statement has been made Mr. Crimmins was and vice president of the Grand Rapids National bank Mr. Crimmins will replace Leon Tolhurst who is conservator of the institution and was cashier the bank before went in the hands of conservator nearly a year ago Mr Tolhurst has not announced his plans for the future The duties of the receiver for the Hastings National bank will be to liquidate the assets left after the of the new National Bank of Hastings.

2. July 8, 1934 The Saginaw News Saginaw, MI
Article from The Saginaw News, July 8, 1934

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Article Text

NAMED AS BANK RECEIVER Allen A. McCurdy to Take Charge of lonia Institution. Allen A. McCurdy formerly head of the bond department of the Bank of Saginaw, yesterday was appointed receiver for the Ionia National bank. succeeding Alvah D. Cummings, who resigned yesterday as receiver for both the Ionia and the Hastings National banks. Mr. Crimmins' successor as receiver of the Hastings bank has not yet been named. He recently was indicted by the federal grand jury at Detroit on charges of alleged falsification or conspiracy to falsify bank reports.

3. July 9, 1934 The Grand Rapids Press Grand Rapids, MI
Article from The Grand Rapids Press, July 9, 1934

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Article Text

Crimmins Resigns As Banks' Receiver Ionia, July D. Crimmins, formerly banker in Grand Rapids, has resigned as ceiver for the Ionia National bank and also for the Hastings National Allen A. McCurdy. an official of the Bank of name successor in the National receivership. indicted recently by the federal grand jury charges conspiracy to falsify bank reports.

4. July 11, 1934 The Flint Journal Flint, MI
Article from The Flint Journal, July 11, 1934

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Article Text

NAMED SUCCESSOR TO BANK RECEIVER George Dye, former county and city official, has, been pointed the Hastings National bank according to word from Washington Dye will take the held by Alvah former Grand Rapids banker recently was indicted by the federal grand jury in Detroit. Crimmins resigned both as refor the and as for the Ionia National bank. Dye was member of the United department, stationed at Marquette.

5. July 11, 1934 The Flint Journal Flint, MI
Article from The Flint Journal, July 11, 1934

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Article Text

NAMED SUCCESSOR TO BANK RECEIVER Ionia, July George Dye, former county and Ionia city official, has been pointed for the Hastings National bank, according to word Dye take the held by former Grand Rapids recently was indicted by the federal grand in Detroit. Crimmins resigned both as re. ceiver for the as receiver for the Ionia National bank. Dye formerly was member of the United States department, stationed at Marquette.

6. July 12, 1934 Battle Creek Moon-Journal Battle Creek, MI
Article from Battle Creek Moon-Journal, July 12, 1934

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Article Text

HASTINGS CITY RETIRES LAST INDEBTEDNESS Cancels Final $2,000 Bonded Debt With Purchase From Bank. Hastings, July purchase $2,000 city bonds from the old Hastings National bank by the council retires the city's bonded indebtedness, members the council's finance committee announce. The bonds fell due several weeks ago and city had the money for their retirement in its sinking fund, but because the bank was receivership the sale was delayed. Attorney A. D. of Hastings, has received an appointment conciliation commissioner for Barry county authority. under the amended bankruptcy laws, to assist in compromises and extensions of time on debts for farmers who have made application for Federal Land bank The appointment made by Judge M. Raymond of the Donald has been secretary of the adjustment committee here since its organization. Funeral services for John Hulings, 65, died yesterday at his home Stony Point, Castleton township, will be held at o'clock tomorrow afternoon. Mr. Hulings had been ill for eight months previous to his death. was lifelong resident of Barry county. Surviving him. besides his wife. are Jasper Cooley, of Hastings; sister. Mrs. Mary McIn. near Hastings and two daughters, Mrs. Hastings, Mrs. W. Bullard. of Chicago. Last rites will at the home, with burial in Riverside cemetery. The Rev. Dewey officiate. The annual statement for the year ending June of the Hastings Building and Loan association loans of assets nearThe number of loans made since the organization was established totals The Hastings Civic Players' asso. ciation will hold their first annual Trail's End. Gun lake, tomorrow evening.

7. July 12, 1934 Battle Creek Moon-Journal Battle Creek, MI
Article from Battle Creek Moon-Journal, July 12, 1934

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Article Text

G. H. DYE NAMED BANK RECEIVER AT HASTINGS July Crimmins, resigned from two bank after being indicted by grand jury investigating Detroit's banking situation, today George Dye for Hastings national bank and Allen McCurdy for the old Ionia national bank.

8. July 12, 1934 The Herald-Press Saint Joseph, MI
Article from The Herald-Press, July 12, 1934

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Article Text

Former Ionia County And City Official Appointed Hastings Bank Receiver IONIA. Mich., July 12 (AP) George Dye, former Ionia county and city official, has been appointed receiver for the Hastings National bank. according to word from Washington Dye will take the position held by Alvah D. Crimmins, former Grand Rapids banker who recently was :ndicted by the federal grand jury in Detroit. Crimmins resigned both as receiver for the Hastings bank and as receiver for the Ionia Nati mal bank. Dye formerly was member of the United States internal revenue department, stationed at Marquette.