Rockwood State Bank - Rockwood, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 4, 1939
Location: Rockwood, Michigan (42.071, -83.247)

Metadata

Model: gpt-5-mini
Short Digest: 0b1acd6e

Response Measures

None

Description

Article (Aug 4, 1939) states the bank is closed and a receiver (J. J. McGrath) is paying a dividend to depositors and using a branch of Peoples State Bank for distribution. No run is mentioned; the bank is in receivership (permanent closure).

Events (2)

1. August 4, 1939 Receivership

Newspaper Excerpt: J. J. McGrath, receiver of the closed Rockwood State bank, announces a dividend payment to depositors.
Source: newspapers

2. August 4, 1939 Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership; receiver administering dividend to depositors.
Newspaper Excerpt: J. J. McGrath, receiver of the closed Rockwood State bank, announces a dividend payment to depositors.
Source: newspapers

Newspaper Articles (1)

1. August 4, 1939 The Wyandotte Herald Wyandotte, MI

Article from The Wyandotte Herald, August 4, 1939

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Article Text

ROCKWOOD BRANCH BANK TO PAY DIVIDEND J. J. McGrath. receiver of the closed Rockwood State bank, announces a dividend payment to depositors. A re presentative of the receiver's office will be at the Rockwood branch of th Peoples State bank of Trenton from August 10 to August 19. After tha date, checks may be had at the receiver's office, 2903 Biddle avenue, Wyan. dotte.