9329. Oxford Savings Bank (Oxford, MI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
savings bank
Start Date
May 6, 1933
Location
Oxford, Michigan (42.825, -83.265)

Metadata

Model
gpt-5-mini
Short Digest
b14ab39c

Response Measures

None

Description

Articles (May 6 and May 13, 1933) describe the bank under a conservator and discussion of liquidation (May 6) and then a planned reorganization that will allow immediate payment to depositors (May 13). No explicit run is mentioned; a conservator was appointed (government action) and reorganization/reopening was arranged.

Events (2)
1. May 6, 1933 Suspension
Cause
Government Action
Cause Details
Conservator appointed; bank under conservatorship and facing liquidation discussions.
Newspaper Excerpt
discussion of liquidation. ... of the Oxford Savings Bank to hold meeting in the Oxford School Saturday discuss problems of liquidation.
Source
newspapers
2. May 13, 1933 Reopening
Newspaper Excerpt
Reorganization of Oxford's Bank Is Believed Assured ... Conservator Frank Olive stated Friday. ... Reorganization of the bank will permit immediate release and payment in all accounts up to $10, Olive stated.
Source
newspapers

Newspaper Articles (2)
1. May 6, 1933 Detroit Free Press Detroit, MI
Article from Detroit Free Press, May 6, 1933

Click image to open full size in new tab

Article Text

It in Village has postponed scheduled for June, next owing to the depression. Harold Bergh, Great Lakes died Joseph's Hospiafter few months' illness. Bergh sailed the lakes for the last 30 MT. Kelly, Royal Sharron Burnham, and Fred Brown, Cass the race for the the Student Council Central State Teachers College. Stark, Burlington Village the let bat out of his hands has unconscious since the accident. of the Ox ford Savings Bank to hold meeting in the Oxford School Saturday discuss problems of liquidation.

2. May 13, 1933 Detroit Free Press Detroit, MI
Article from Detroit Free Press, May 13, 1933

Click image to open full size in new tab

Article Text

Reorganization of Oxford's Bank Is Believed Assured tion the Oxford Savings Bank Conservator Frank Olive stated Friday. About 60 per cent the $50,000 stock subscription required for the probably before the Monday night at the bank, Reorganization of the bank will permit immediate release and payment in all accounts up to $10, Olive stated.