9217. Peninsula Bank (Ishpeming, MI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
March 27, 1933
Location
Ishpeming, Michigan (46.489, -87.668)

Metadata

Model
gpt-5-mini
Short Digest
3e6190c4

Response Measures

None

Description

Newspaper articles (Mar 27, 1933) list the State Savings Bank of Elsie among 58 Michigan state banks for which conservators were appointed by the state banking commissioner. This indicates a suspension/placing under conservatorship (government action). The articles do not report a run, receivership, or permanent closing. Outcome (reopening vs permanent closure) is not stated; conservatorship usually implies temporary control, so I classify as suspension_reopening but note that the ultimate disposition is not provided in these clippings.

Events (1)

1. March 27, 1933 Suspension
Cause
Government Action
Cause Details
State banking commissioner appointed conservator for the bank as part of a statewide conservatorship action placing 58 state banks under conservators; bank placed under conservatorship rather than closed by receiver in these articles.
Newspaper Excerpt
State Savings Bank of Elsie. sie, First State Bank of Allegan, Allegan, Herman Vaupell.
Source
newspapers

Newspaper Articles (3)

Article from Battle Creek Moon-Journal, March 27, 1933

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Article Text

CONSERVATORS SELECTED Named For 58 State Banks In State Of Michigan. Lansing, March pointment of conservators for Michigan state banks was announcby Reichert, state banking commissioner, following today's session of the governor's advisory banking commission. In majority of cases the conservators are from the towns in which the banks which they will take over are locat- Affairs of two Flint banks were placed under the Mark Wilson, recently of Detroit, who has been identified with both state national bank activities for number of years and in whom Reichert said he has complete confidence. They are: Cheboygan State Savings Bank, Cheboygan, Fred Haut. Newberry State Bank, Newberry, John H. Paull. First State Savings Bank, Hillsdale, R. Owen. Sparta State Bank, Sparta, Carlson. People's State Savings Bank. Auburn, W. Gillman. State Savings Bank, Owosso, Kenneth Crawford. Traverse City State Bank, Traverse City, George B. Kilbourne. State Bank Whitehall, White. hall, George E. Covell. Farmers State Bank, Montague, Adolph Anderson. Hemlock State Bank, Hemlock, R. Beaver. Cedar Springs State Bank, Cedar Springs, Herbert Wheeler. Ludington State Bank, Zook. Riverdale State Savings Bank, Fred Leiter. Citizens Savings Bank, Owosso, Frank Freeman. Metamora State Savings Bank, Metamora, Fred Downer Pinconning State Bank, Pinning, Fotheringham. State Bank of Niles, Niles, Thomas Cain. Yale State Bank, Yale, Guy Beard. State Bank of Coswell, Coswell, Melvin H. Aitkin. Cass City State bank, Cass City, Auten. Bellaire State bank, Bellaire, W. H. Richards Citizens State Savings bank, New Baltimore, Pingel First State Savings bank, Bronson, Frank Coward. Clarkston State bank, Clarkston, George King. First State Bank of Mendon, Mendon, H. First Commercial Savings bank, H. Estes. Wolf Brothers State bank, Centerville, State Savings Bannister, C. Bates. State Savings Bank of Elsie. sie, First State Bank of Allegan, Allegan, Herman Vaupell. State Savings bank, Clinton, W. Van Tyle. American State bank, Frankenmuth, John Geyer. First State Savings bank, Holly, Lyons. State Savings bank, Stanton, Starks. Birch Run State bank, Birch Run. Herbert Walter. First State Bank of Kingsley, Kingsley, Carl Brown. Pinney State bank, Cass City, Pinney. State Bank of Harbor Beach, Harbor Beach. John Prieskorn. Marysville Savings bank. Marysville. John Barron. Farmers Savings bank, White Pigeon. M. Benjamin. Springport State Savings bank, Springport, Allen Crawford, Peninsula bank, Ishpeming, PetGenesee County Savings bank, Mark Wilson Union Industrial Trust and Savings bank. Flint. Mark Wilson. First State bank, South Haven, Van Farmers and Merchants State bank, Lakeview, Griffith. Big Rapids Savings bank, Big Rapids. William Taggart. Rockford State bank, Rockford, Muir. Byron Center State bank, Byron Frank Farmers State bank, Alto, Earl Colby. Peoples State bank, Milan, Laskey Farmers State bank. Breckenridge, Baldwin. Woodland State bank, Woodland. Hilbert. Eaton County Savings bank, Charlotte, Phil H. Barber.


Article from The Muskegon Chronicle, March 27, 1933

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Article Text

CONSERVATORS ARE NAMED Continued from Page Cedar Springs, Herbert Wheeler: bank Zook; Riverdale State Savings Fred Leiter: CitiSavings bank, C. Metamora State Savings bank, Metamora, Fred Downer State Fotheringham; State Bank of Thomas E. Coswell, MelState Bank State Cass laire, H. Richards: Citizens Savings New Baltimore, State Savings bank. Pingel Clarkson George D. State State Bank of Mendon. King: First Mendon. H. Rogge: First Commercial Wolf State Bank, State bank, Bannister, Bates; State Savings Bank of Elsie, Elsie, Steadman: State Bank of Allegan, Allegan, Herman State Savings W. P. State John First State Savings bank, Holly, Starks Birch Run State Birch Run, Herbert Walter: Bank Kingsley Kingsley, Carl Pinney State bank, Cass F. Pinney State Bank of Harbor Beach, Harbor Beach. C. Prieskorn: ville Savings Bank. Marysville, Savings White M. Benjamin; Pigeon, Springport State Savings Springport. Allen Crawford. Peninsula Bank Ispheming. Peter HandCounty Flint. Mark Wilson: Union Industrial Mark Trust First State South Wilson: Haven. R. Van Haaften: Farmers Merchants Bank. S Big Rapids D. Bank Taggart State Bank, RockJ. Byron Center State bank Byron Center, Frank Wierenga: Farmers State Bank. Alto, Earl Colby: Peoples State bank. Milan. State ridge, R. Woodland State bank, Woodland, Hilbert: Eaton County Savings bank, Charlotte, Phil H. Barber: Hillsdale Savings bank, Hillsdale, F. Cook. Jr.: Guardian bank of Trenton, Trenton, Cadillac State bank. Cadillac, Beldman: Peoples Bank, Sparta, Leslie


Article from Marshall Evening Chronicle, March 27, 1933

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Article Text

Banks Under Conservators In 58 Towns (Concluded from Page 1) First State SAVINGS bank. Bronson, Frank Coward Clarkston State bank Clarkston. D. King George First State Bank of Mendon, C. H. Rogge Mendon. First Commercial Savings bank Wolf Brothers State bank. Centerville, C. D. Mosher State Savings bank. Bannister. C. D. Bates. State Savings Bank of Elsic. First State Bank of Allegan. Allegan. Herman Vaupell State Savines bank. Clinton. W. P. Van Tyle. American State bank. Frankenmuth. John L Gever First State Savings bank. Holly. B. State Savinas bank. Stanton D. Birch Starks Run State bank. Birch Run. Herbert Walter. First State Bank of Kingsley. Kingsley. Carl J Brown Pinney State bank. Cass City. F State Punney Bank of Harbor Beach. Harbor Beach John C. Prieskorn. Marysville Savings bank. Marysville. John C. Barron Farmers Savings bank. White Pigeon. J. M Benjamin. Springport State Savings bank. Springpert. Allen Crawford Jr Peninsula Bank. Ishpeming. PetGenesee County Savings bank, Flint. Mark Wilson Union Industrial Trust & Savings bank Flint. Mark Wilson First State bank, South Haven. R. B. Van Haaften Farmers & Merchants State bank. Lakeview D S. Griffith. Big Rapids Savings bank. Big Rapids. Wm. C. Taggart Rockford State bank. Rockford. E J. Muir Byron Center State bank. Byron Center. Frank Wierenga. Farmers State bank. Alto. Earl V. Colby. Peoples State bank Milan. J. Laskey. Farmers State bank. Breckenridge. R. L. Baldwin. Woodland State bank. Woodland. J. V. Hilbert Eaton County Savings bank Charlotte Phil H. Barber Hillsdale Savings bank. Hillsdale C F. Cook. Jr. Guardian Bank cf Trenton. Trenton. C. A. Smith Cadillac State bank. Cadillac J. J. Beldman Peoples Bank Sparts. Leslie Anderson