Central State Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: March 28, 1933
Location: Shepherd, Michigan (43.524, -84.695)

Metadata

Model: gpt-5-mini
Short Digest: b5de8b1d

Response Measures

None

Description

Article (Grand Rapids Press, 1933-03-28) reports a conservator was named for Central State Savings Bank, Shepherd. No mention of a depositor run or reopening; conservator appointment implies suspension/closure and takeover for resolution. Cause of suspension not stated in the article.

Events (2)

1. March 28, 1933 Receivership

Newspaper Excerpt: 58 conservators were named and given the Mechanics bank Flint and Central State Savings bank at Shepherd.
Source: newspapers

2. March 28, 1933 Suspension

Cause Details: Article does not state the reason for suspension; only that a conservator was appointed.
Newspaper Excerpt: 58 conservators were named and given the Mechanics bank Flint and Central State Savings bank at Shepherd.
Source: newspapers

Newspaper Articles (1)

1. March 28, 1933 The Grand Rapids Press Grand Rapids, MI

Article from The Grand Rapids Press, March 28, 1933

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Article Text

135 BANKS YET TO BE DEALT WITH March banking commission Tuesday continuing its banks of Michtheir toward resumption commission has given 94 banks licenses do unlimited business and conservators for only 135 with which dealt Monday 58 conservators were named and given the Mechanics bank Flint and Central State Savings bank at Shepherd.