Roseville State Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 30, 1942
Location: Roseville, Michigan (42.497, -82.937)

Metadata

Model: gpt-5-mini
Short Digest: 6ff19497

Response Measures

None

Description

Article (1942-07-30) states the bank is in receivership and paying dividends to depositors; indicates permanent closure with a receiver. No run is mentioned.

Events (1)

1. July 30, 1942 Receivership

Newspaper Excerpt: Roseville Bank to Pay $30,700 Depositors to Get 10 Per Cent Dividend ... will be paid to depositors of the Roseville State Savings Bank ... Joseph E. Riesterer, receiver. The latest dividend is the seventh declared by the bank since it went into receivership.
Source: newspapers

Newspaper Articles (1)

1. July 30, 1942 The Daily Monitor Leader Mount Clemens, MI

Article from The Daily Monitor Leader, July 30, 1942

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Article Text

Roseville Bank to Pay $30,700 Depositors to Get 10 Per Cent Dividend ROSEVILLE-A 10 per cent dividend, amounting to approximately $30,700, will be paid to depositors of the Roseville State Savings Bank starting next Monday, it was announced today by Joseph E. Riesterer, receiver. The latest dividend is the seventh declared by the bank since it went into receivership. The dvidend raises the bank's total payoff to date to 40 per cent, Riesterer said. Depositors may obtain their dividends by presenting their certificates at bank any time on or after Augus 3. Weekday hours of the bank are from 10 a. m. to 4 p. m., while on Saturdays the hours are from 9 a. m. to noon.