Citizens Savings Bank - Mount Clemens, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 25, 1936
Location: Mount Clemens, Michigan (42.597, -82.878)

Metadata

Model: gpt-5-mini
Short Digest: afaa595e

Response Measures

None

Description

The 1941 article notes FIVE YEARS AGO TODAY 1936 and states RFC reductions to closed banks will benefit Citizens' Savings Bank according to Receiver B. A. Kalahar, indicating the bank was closed and in receivership in 1936. No run or depositor panic is mentioned. Date for events inferred as 1936-07-25 (five years before the 1941-07-25 publication).

Events (2)

1. July 25, 1936 Receivership

Newspaper Excerpt: Reduction of interest rates to closed banks announced by the Reconstruction Finance Corporation will benefit Clitzens' Savings Bank here to the extent of about $6,700, according to Receiver B. A. Kalahar.
Source: newspapers

2. July 25, 1936 Suspension

Cause Details: Article states the bank was closed and in receivership; no explicit cause (insolvency or regulatory action) is given.
Newspaper Excerpt: Reduction of interest rates to closed banks announced by the Reconstruction Finance Corporation will benefit Clitzens' Savings Bank here to the extent of about $6,700, according to Receiver B. A. Kalahar.
Source: newspapers

Newspaper Articles (1)

1. July 25, 1941 The Daily Monitor Mount Clemens, MI

Article from The Daily Monitor, July 25, 1941

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Article Text

FROM THE MONITOR FILES FIVE YEARS AGO TODAY 1936 Macomb county leads Michigan in the recruiting of new Boy Scouts, Deputy Regional Scout Director C. M. Finnell announces. Reduction of interest rates to closed banks announced by the Reconstruction Finance Corporation will benefit Clitzens' Savings Bank here to the extent of about $6,700, according to Receiver B. A. Kalahar. TEN YEARS AGO TODAY 1931 Rotarians have a humor session, as members join the DF club. Charles Farrell and Elissa Landi are starring in "Always Goodbye" at the Macomb Theatre. 35 YEARS AGO TODAY 1906 Dr. Theo. Crosby goes to the City Hospital, Baltimore, Md., for a two week clinic. The Gunthers polished Mount Clemens yesterday, 9-2. 40 YEARS AGO TODAY 1901 Charles H. Fee reports a steady intrease in the demand for his cigars. Mrs. P. H. Irish has gone to New York for a visit. 50 YEARS AGO TODAY 1891 Jos. Prevost has sold his black team to Ecker & Becker, the Detroit brewers, for $400. He has also swapped three horses to Martin Crocker for lots near the toll gate. John Longstaff is still assistant chief of the fire department. 60 YEARS AGO TODAY 1881 VanLandeghem's drying shed took fire Tuesday afternoon, but was seen in time to prevent anything but a very slight damage, Enissopal lawn social M.