Snover State Bank - Snover, MI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: August 22, 1932
Location: Snover, Michigan (43.461, -82.971)

Metadata

Model: gpt-5-mini
Short Digest: b3fb71a7

Response Measures

None

Description

OCR of the article is heavily garbled. The piece headline 'RE-OPEN BANK' and the phrase 'Named Bank Receiver' indicate the Snover State Bank had been placed in receivership (suspension) and is being reorganized/reopened. No mention of a depositor run is present in the text provided.

Events (2)

1. August 22, 1932 Reopening

Newspaper Excerpt: RE-OPEN BANK ... Named Bank Receiver ... The Snover State bank process orderly Mr. Wiley given be lected
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: A receiver was named for the Snover State Bank (receivership/government action led to suspension)
Newspaper Excerpt: Named Bank Receiver ... The Snover State bank process orderly
Source: newspapers

Newspaper Articles (1)

1. August 22, 1932 The Times Herald Port Huron, MI

Article from The Times Herald, August 22, 1932

Click image to open full size in new tab

Article Text

RE-OPEN BANK No Objection Offered To Organization Plan on the of of the City in April, was at before No objections the of of that per cent signed law is It shown the bank had bank to for about Pepper trust to assistant the the Named Bank Receiver insufof The made the Snover State bank process orderly Mr. Wiley given be lected