State Savings Bank - Lincoln Park, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: March 13, 1931
Location: Lincoln Park, Michigan (42.251, -83.179)

Metadata

Model: gpt-5-mini
Short Digest: 2684a154

Response Measures

None

Description

Article (AP) dated March 13, 1931 reports suburban banks failed to open for business today, explicitly listing the State Savings Bank of Lincoln Park. No run is mentioned. The piece gives no follow-up about reopening; other banks in the item have assets assumed by a different bank, suggesting permanent closure. Because the article reports a suspension and there is suggestion of asset takeovers elsewhere, I classify this as suspension_closure. If later sources show reopening, this classification would change.

Events (1)

1. March 13, 1931 Suspension

Cause Details: Article does not specify a trigger for the suspension; reports a group of suburban banks failed to open on March 13, 1931 without attributing cause (likely broader banking distress).
Newspaper Excerpt: suburban banks failed to open for business today. They are ... the State Savings Bank of Lincoln Park.
Source: newspapers

Newspaper Articles (1)

1. March 14, 1931 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, March 14, 1931

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Article Text

118 EAST FOURTH STREET DETROIT BANKS CLOSED. Detroit, March 13 (AP) suburban banks failed to open for business today. They are the American State Bank of Ferndale, the American State Bank of Wyandotte, the State Savings Bank of Melvindale and the State Savings Bank of Lincoln Park. The Peoples Wayne County Bank that it is taking over assets and assuming responsibility deposits in the American State Bank of Detroit. The announcement said that "busiwill be conducted as usual at all branches of the American State Bank and at the main office." Interment daughter Mathias Paul and Requiem Sacred Heart Church, McQueen Monday Carrie Wich12, 6912 the Whetsel ave., March New York, March plan for organization of a trust company be known as the Mercantile Bank & Trust Co., take over the of the Chelsea Bank & Trust Co., was approved today by Supreme Court. The plan was by Joseph A. Broderick, State Under the plan depositors would be paid in full, Broderick said. NORMAL CAPACITY REACHED Birmingham, Ala., March Ryding, President the Tennessee Coal, Iron Railroad Company, disclosed today that operations of his company have reached 70 per cent capacity, which considered normal even in times of widespread industrial activity.