First State Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 2, 1925
Location: Marcellus, Michigan (42.026, -85.816)

Metadata

Model: gpt-5-mini
Short Digest: 2c2273c3

Response Measures

None

Description

Article (Herald-Palladium, 1925-01-02) reports a receiver being granted to collect unsettled accounts for the First State Savings Bank of Marcellus. No mention of a prior run; bank is in receivership indicating permanent closure. Date of receivership inferred from publication date.

Events (1)

1. January 2, 1925 Receivership

Newspaper Excerpt: has been granted in circuit court to Bilderback, for the First State Savings bank of Marcellus, to turn collection agency over $10,000 of unsettled accounts still due the bank. The receiver claims the fees will be no greater agency than the cost of collecting these accounts in the usual method.
Source: newspapers

Newspaper Articles (1)

1. January 2, 1925 The Herald-Palladium Benton Harbor, MI

Article from The Herald-Palladium, January 2, 1925

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Article Text

has been granted in circuit court to Bilderback, for the First State Savings bank of Marcellus, to turn collection agency over $10,000 of unsettled accounts still due the bank. The receiver claims the fees will be no greater agency than the cost of collecting these accounts in the usual method.