Roseville State Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 5, 1944
Location: Roseville, Michigan (42.497, -82.937)

Metadata

Model: gpt-5-mini
Short Digest: e0246a87

Response Measures

None

Description

Article (The Daily Monitor Leader, 1944-07-06) reports final distribution to depositors by Joseph E. Riesterer, Receiver, and mentions final liquidation under court order. No run or explicit prior suspension is described in the text, but the bank is in receivership and permanently closed — classified as suspension_closure for the dataset (closure with receiver).

Events (1)

1. July 5, 1944 Receivership

Newspaper Excerpt: Final distribution of a 5.84 per cent dividend to approximately 700 depositors in the old Roseville State Savings Bank was made July 5, by Joseph E. Riesterer, Receiver. The final liquidation of assets ... is made under authority of a court order signed last week by Circuit Judge Alton Noe.
Source: newspapers

Newspaper Articles (1)

1. July 6, 1944 The Daily Monitor Leader Mount Clemens, MI

Article from The Daily Monitor Leader, July 6, 1944

Click image to open full size in new tab

Article Text

Roseville Bank Makes Last Payoff Latest Dividend Is Awarded 700 ROSEVILLE - Final distribution of a 5.84 per cent dividend to approximately 700 depositors in the old Roseville State Savings Bank was made July 5, by Joseph E. Riesterer, Receiver. The final liquidation of assets which makes possible this latest return to the depositors is made under authority of a court order signed last week by Circuit Judge Alton Noe. Payments may be obtained by presentation of the Receiver's Certificate for cancellation at the office of the bank at Utica road and Gratiot. Claimants are asked to call for their dividend immediately as this office is closing in the very near future.