Manton State Bank - Manton, MI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 16, 1934
Location: Manton, Michigan (44.411, -85.399)

Metadata

Model: gpt-5-mini
Short Digest: fcb276a0

Response Measures

None

Description

Article (Grand Rapids Press, 1934-06-16) reports Manton State Bank is ready to reopen after a reorganization and with banking department approval; no run is mentioned. Reopening date taken from publication date. OCR errors in original text corrected (grammar and missing words).

Events (2)

1. June 16, 1934 Reopening

Newspaper Excerpt: Manton State Bank Is Ready to Reopen ... Manton State bank has obtained the approval the banking department plan to pay the full of per instead of per cent specified in depositors reorganization The bank will reopen ... the federal deposit insurance ... be in force some time next [sic].
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank had been in reorganization and was paying depositors a percentage of claims (indicating prior suspension/partial payments due to insolvency).
Newspaper Excerpt: reorganization The bank will reopen as soon as the federal deposit insurance ...
Source: newspapers

Newspaper Articles (1)

1. June 16, 1934 The Grand Rapids Press Grand Rapids, MI

Article from The Grand Rapids Press, June 16, 1934

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Article Text

Manton State Bank Is Ready to Reopen Manton. June Manton State bank has obtained the approval the banking department plan to pay the full of per instead of per cent specified in depositors reorganization The bank will reopen as soon as the federal deposit surance and this be in force some time next