Northville State Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: January 9, 1933
Location: Northville, Michigan (42.431, -83.483)

Metadata

Model: gpt-5-mini
Short Digest: 2ceaf09b

Response Measures

None

Description

Article (Detroit Free Press, 1932-12-26) states the Northville State Savings Bank had been closed for a year and in receivership; court permitted reopening within two weeks and merger with Lapham State Savings Bank. No run is described; suspension appears to be due to receivership/government action.

Events (3)

1. January 9, 1933 Reopening

Newspaper Excerpt: Circuit Judge Joseph A. Moynihan signed an order Saturday to permit the reopening within two weeks ... the bank will merge with the Northville State Savings Bank, also in receivership. Both have been closed for year.
Source: newspapers

2. * Receivership

Newspaper Excerpt: permit the reopening within two weeks of the Lapham State Savings Bank of Northville, and to permit the bank's receiver to pay off depositors who have objected to the reorganization plan. ... merge with the Northville State Savings Bank, also in receivership. Both have been closed for year.
Source: newspapers

3. * Suspension

Cause: Government Action
Cause Details: Bank was in receivership and had been closed for about a year prior to court-ordered reorganization/merger.
Newspaper Excerpt: Both have been closed for year. Nelson told the court Northville could support only one bank successfully... the joining of the two would create a substantial institution.
Source: newspapers

Newspaper Articles (1)

1. December 26, 1932 Detroit Free Press Detroit, MI

Article from Detroit Free Press, December 26, 1932

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Article Text

Bank at Northville Will Reopen Soon Circuit Judge Joseph A. Moynihan signed an order Saturday to permit the reopening within two weeks of the Lapham State Savings Bank of Northville, and to permit the bank's receiver to pay off depositors who have objected to the reorganization plan. According to E. W. Nelson, state bank the bank will merge with the Northville State Savings Bank, also in receivership. Both have been closed for year. Nelson told the court Northville could support only one bank successfully, Standard Quality Suits and that the joining of the two would create a substantial institution.