9205. Peoples State Bank (Imlay City, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 6, 1933
Location
Imlay City, Michigan (43.025, -83.078)

Metadata

Model
gpt-5-mini
Short Digest
323f9a52

Response Measures

None

Description

Articles (June and Dec 1933) refer to the Peoples State Bank being in receivership (mention of a receiver who later died and a receiver who was promoted). No article describes a depositor run or a reopening. Thus this appears to be a suspension that resulted in receivership/closure. Dates of suspension are not stated explicitly in the clips; receiver was active by June 1933 and still referenced in December 1933.

Events (3)

1. June 6, 1933 Receivership
Newspaper Excerpt
Milton Moyer, 52 years old, receiver of the Peoples State bank at Imlay City, who died Saturday, were to be held ... Imlay City, June ... The rites were to be ... receiver of the Peoples State bank at Imlay City, who died Saturday, were to be held ... (The Flint Journal, 1933-06-06).
Source
newspapers
2. December 5, 1933 Other
Newspaper Excerpt
IMLAY CITY BANK RECEIVER PROMOTED ... Ronald Rhead ... has been receiver the City banks, the Peoples State ... to succeed Harry Olmstead ... (The Flint Journal, 1933-12-05).
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership (reference to a receiver implies suspension/closing by authorities).
Newspaper Excerpt
receiver of the Peoples State bank at Imlay City
Source
newspapers

Newspaper Articles (2)

Article from The Flint Journal, June 6, 1933

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Article Text

Imlay City Masons AUTOPSY REVEALS To Conduct Funeral For Bank Receiver UNIDENTIFIED MAN Imlay City, June Funeral services for Milton Moyer, 52 years old, receiver of the Peoples State bank at Imlay City, who died SatFOUL PLAY VICTIM urday, were to be held at 2:30 this afternoon the Caulkins street residence. The rites were to be Lapeer Coroner Says He Was sonic lodge charge of Arthur Fox of Almont The Rev. B. A Slain Before Body Was Warren was to officiate The bearers chosen are Irvine Cardwell Put in Cistern. Lapeer, June autopsy Russell McNally. Stores and busiconducted by Lapeer county au- ness places to close during the hour of the thorities on the body of the unidentified man found in the cistern at the Hamilton Johnson TRUCK CRASH FATAL farm seven miles north of Lapeer Sunday by children playing at the farm, disclosed according to Coroner H. L. Baird, that the TO SHIAWASSEE MAN man met with foul play and the body was disposed of in the cistern. The autopsy three skull fractures. and that the vic23 years old. son of Mr. and tim apparently was strangled with Austin New the rope which formed noose died late yesterday about his neck, the coroner said. the Pontiac hospital of injuries Various knife wounds about the suffered yesterday morning near head, and body bruises indicated Pontiac in truck collision He that the man had been dead bewas to the hospital, believed fore his body was disposed of in to be suffering from a fracthe cistern, Mr. Baird said. The ture of one leg. Later in the day Lapeer authorities and state poit was learned he was injured inare continuing their investiternally. The body will be brought gation to determine when and by here today. whom the body was placed in the Carl Hanifan. son of Mr. and Mrs. Dan Hanifan, also of New Detroit and Royal Oak relatives and young Spitof missing came to La ler left at yesterday last night in an effort to idenHanifan's truck for Detroit with tify the man, and many queries load of calves for the Detroit marhave been received over the tele- ket. When they Pontiac phone from relatives of persons Hanifan's truck crashed into anreported missing other truck. Hanifan, who John Millard tenant on the held for questioning by authorities farm, told officers yesterday that is said to have stated that he fell he and his family had spent two asleep. days in Romeo, May and 22. The body of Spitler will be the time the body is believed to brought here today been disposed of the cisFLUSHING SCHOOL YEAR tern the being established by newspaper of May 21. found ENDS WITH RECEPTION near the body Officers cleaned out the cis- Flushing. June The high tern afternoon and dis- school gymnasium was transform ed into veritable garden scene covered an empty milk bottle. for bearing the Detroit creamery label which outstanding closing and seven inch spring harrow social of the tooth.


Article from The Flint Journal, December 5, 1933

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Article Text

IMLAY CITY BANK RECEIVER PROMOTED Lapeer, Dec. Ronald Rhead of has been ceiver the City banks, the Peoples State and the Lapeer county bank. to succeed Harry Olmstead, who has been appointed executive vice president of the loan division of the Federal Land bank of St. Paul, was to in position and Mr Olmstead recommended by district, state and national authorities Kramer field representa tive in this territory for the bank St Paul, also has been promoted his duties in this territory will by Paul Bretz of Almont and Ross Davis of