Antrim County State Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: October 6, 1943
Location: Mancelona, Michigan (44.902, -85.061)

Metadata

Model: gpt-5-mini
Short Digest: 539ce61c

Response Measures

None

Description

Article reports payments by receivers to depositors for Armada State Bank (96.7% final), indicating the bank had been placed in receivership and closed permanently. No mention of a depositor run in the provided article.

Events (1)

1. October 6, 1943 Receivership

Newspaper Excerpt: Armada State Bank, Armada, $35.264, 96.7 per cent (final):
Source: newspapers

Newspaper Articles (1)

1. October 6, 1943 Detroit Evening Times Detroit, MI

Article from Detroit Evening Times, October 6, 1943

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Article Text

Bank Receivers Pay Depositors LANSING, Oct. 6 (UP)-Michigan bank receiverships and trusts paid out $338,845 to depositors during August and September, it was disclosed today by E. W. Nelson. state banking commissioner. The largest release was $127.468, representing a 5 per cent payment by the court receivership of the Citizens Savings Bank of Mt. Clemens. The disbursement brought up to 45 per cent the total per cent of originally impounded funds now released. Other dividend disbursements and the percentage of funds released to date include: State Savings Bank, Remus. $14,533. 97.3 per cent (final): Antrim County State Savings Bank, Mancelona, $13,654. 84 per cent (final): Armada State Bank, Armada, $35.264, 96.7 per cent (final): Citizens Depositors Corp., Owosso, $49,240, 82 per cent: Owosso Depositors Corp., Owosso. $49,475, 94 per cent; Eaton Depositors Corp., Grand Ledge. $17,225. 73 per cent: St. Louis Depositors Corp., St. Louis, $18,977, 98.5 per cent (final): Milan Depositors Corp., Milan, $13,008, 75.2 per cent.