9391. Springport State Savings Bank (Springport, MI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
savings bank
Start Date
March 27, 1933
Location
Springport, Michigan (42.379, -84.695)

Metadata

Model
gpt-5-mini
Short Digest
74374b8c

Response Measures

None

Description

March 27, 1933 articles list Springport State Savings Bank among 58 Michigan state banks for which conservators were appointed (government conservatorship). A February 22, 1934 article states the Springport bank has been doing business since July and paid depositors, indicating it reopened (likely July 1933). No explicit run is mentioned in the provided texts — the action was a government conservatorship/suspension followed by reopening.

Events (2)
1. March 27, 1933 Suspension
Cause
Government Action
Cause Details
State banking commissioner appointed conservators for Michigan state banks; Springport State Savings Bank placed under a conservator (government action).
Newspaper Excerpt
Springport State Savings bank, Springport, Allen Crawford Jr.
Source
newspapers
2. July 1, 1933* Reopening
Newspaper Excerpt
the Springport Bank has been doing business since July, have paid depositors their certificates long before they had promised to, and business steadily picking up, and with government deposits are long ... all frozen deposits are taken of.
Source
newspapers

Newspaper Articles (3)
1. March 27, 1933 Battle Creek Moon-Journal Battle Creek, MI
Article from Battle Creek Moon-Journal, March 27, 1933

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Article Text

CONSERVATORS SELECTED Named For 58 State Banks In State Of Michigan. Lansing, March pointment of conservators for Michigan state banks was announcby Reichert, state banking commissioner, following today's session of the governor's advisory banking commission. In majority of cases the conservators are from the towns in which the banks which they will take over are locat- Affairs of two Flint banks were placed under the Mark Wilson, recently of Detroit, who has been identified with both state national bank activities for number of years and in whom Reichert said he has complete confidence. They are: Cheboygan State Savings Bank, Cheboygan, Fred Haut. Newberry State Bank, Newberry, John H. Paull. First State Savings Bank, Hillsdale, R. Owen. Sparta State Bank, Sparta, Carlson. People's State Savings Bank. Auburn, W. Gillman. State Savings Bank, Owosso, Kenneth Crawford. Traverse City State Bank, Traverse City, George B. Kilbourne. State Bank Whitehall, White. hall, George E. Covell. Farmers State Bank, Montague, Adolph Anderson. Hemlock State Bank, Hemlock, R. Beaver. Cedar Springs State Bank, Cedar Springs, Herbert Wheeler. Ludington State Bank, Zook. Riverdale State Savings Bank, Fred Leiter. Citizens Savings Bank, Owosso, Frank Freeman. Metamora State Savings Bank, Metamora, Fred Downer Pinconning State Bank, Pinning, Fotheringham. State Bank of Niles, Niles, Thomas Cain. Yale State Bank, Yale, Guy Beard. State Bank of Coswell, Coswell, Melvin H. Aitkin. Cass City State bank, Cass City, Auten. Bellaire State bank, Bellaire, W. H. Richards Citizens State Savings bank, New Baltimore, Pingel First State Savings bank, Bronson, Frank Coward. Clarkston State bank, Clarkston, George King. First State Bank of Mendon, Mendon, H. First Commercial Savings bank, H. Estes. Wolf Brothers State bank, Centerville, State Savings Bannister, C. Bates. State Savings Bank of Elsie. sie, First State Bank of Allegan, Allegan, Herman Vaupell. State Savings bank, Clinton, W. Van Tyle. American State bank, Frankenmuth, John Geyer. First State Savings bank, Holly, Lyons. State Savings bank, Stanton, Starks. Birch Run State bank, Birch Run. Herbert Walter. First State Bank of Kingsley, Kingsley, Carl Brown. Pinney State bank, Cass City, Pinney. State Bank of Harbor Beach, Harbor Beach. John Prieskorn. Marysville Savings bank. Marysville. John Barron. Farmers Savings bank, White Pigeon. M. Benjamin. Springport State Savings bank, Springport, Allen Crawford, Peninsula bank, Ishpeming, PetGenesee County Savings bank, Mark Wilson Union Industrial Trust and Savings bank. Flint. Mark Wilson. First State bank, South Haven, Van Farmers and Merchants State bank, Lakeview, Griffith. Big Rapids Savings bank, Big Rapids. William Taggart. Rockford State bank, Rockford, Muir. Byron Center State bank, Byron Frank Farmers State bank, Alto, Earl Colby. Peoples State bank, Milan, Laskey Farmers State bank. Breckenridge, Baldwin. Woodland State bank, Woodland. Hilbert. Eaton County Savings bank, Charlotte, Phil H. Barber.

2. March 27, 1933 Marshall Evening Chronicle Marshall, MI
Article from Marshall Evening Chronicle, March 27, 1933

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Article Text

Banks Under Conservators In 58 Towns (Concluded from Page 1) First State SAVINGS bank. Bronson, Frank Coward Clarkston State bank Clarkston. D. King George First State Bank of Mendon, C. H. Rogge Mendon. First Commercial Savings bank Wolf Brothers State bank. Centerville, C. D. Mosher State Savings bank. Bannister. C. D. Bates. State Savings Bank of Elsic. First State Bank of Allegan. Allegan. Herman Vaupell State Savines bank. Clinton. W. P. Van Tyle. American State bank. Frankenmuth. John L Gever First State Savings bank. Holly. B. State Savinas bank. Stanton D. Birch Starks Run State bank. Birch Run. Herbert Walter. First State Bank of Kingsley. Kingsley. Carl J Brown Pinney State bank. Cass City. F State Punney Bank of Harbor Beach. Harbor Beach John C. Prieskorn. Marysville Savings bank. Marysville. John C. Barron Farmers Savings bank. White Pigeon. J. M Benjamin. Springport State Savings bank. Springpert. Allen Crawford Jr Peninsula Bank. Ishpeming. PetGenesee County Savings bank, Flint. Mark Wilson Union Industrial Trust & Savings bank Flint. Mark Wilson First State bank, South Haven. R. B. Van Haaften Farmers & Merchants State bank. Lakeview D S. Griffith. Big Rapids Savings bank. Big Rapids. Wm. C. Taggart Rockford State bank. Rockford. E J. Muir Byron Center State bank. Byron Center. Frank Wierenga. Farmers State bank. Alto. Earl V. Colby. Peoples State bank Milan. J. Laskey. Farmers State bank. Breckenridge. R. L. Baldwin. Woodland State bank. Woodland. J. V. Hilbert Eaton County Savings bank Charlotte Phil H. Barber Hillsdale Savings bank. Hillsdale C F. Cook. Jr. Guardian Bank cf Trenton. Trenton. C. A. Smith Cadillac State bank. Cadillac J. J. Beldman Peoples Bank Sparts. Leslie Anderson

3. February 22, 1934 The Homer Index Homer, MI
Article from The Homer Index, February 22, 1934

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Article Text

WHAT THE EDITOR OF THE EATON RAPIDS JOURNAL THINKS The Springport Signal Copies and Comments the Democratic State Adminstration and the Banking Situation. "After reading last weeks Eaton Rapids Journal, we concluded that the fact that Editor Gifford recently relieved of his position as postmaster that could have the job was good thing the subscribers of the Journal, for up to time either his job, something else must have been cramping Mr Gifford's Now he comes right out and says what he thinks-and we all admire who does that, even we do not agree with in everything he says. Rapids has two banks that are still closed just tight as anything could be closed, though the business men there have done everything that could be asked of them. Mr. Gifford done his part to bank going there and his 'Duck Soup" Col. last week he shows just how he feels about Here are few paragraphs from 'Speaking of the opening of the Eaton Rapids for instance. We have met every requirement the government, yet they come back periodically ask for something else little consequence. It looks us like big political machine they are formulating and when is in perfect order (for the democrat party) then The next thing we look for, in case the bank opens, is sign the door reading "No but democrat desires loan he may have to If he wants other accomodation he may have to be democrat. Socialists, Methodists, Baptists and Congregationalists all go to fine future. The handling of the banking situation the unpardonable sin the present administration. Give them credit for all the good things they may have done, help in their programs where possible. That's fine, but mention banking situation, and the way it being handled, everyone, both republicans see red. And continue to maintain that about eighty percent life the unadulerated bunk and that there certain financers the country who should be shot at sunrise without the ceremony even the praying on earth some of these fellows from the hell, fire and brimstone that awaiting them." not let pass to remind the people that have reason to pat on the back for the way our bank situahas handled. While banks in most the surrounding towns have been spending the past year in trying open federal money, are not yet open and idea when they will be, the Springport Bank has been doing business since July, have paid depositors their certificates long before they had promised to, and business steadily picking up, and with government deposits are long we have government, and probably only be short before all frozen deposits are taken of. Another thing, it lot satisfaction to know professional bank receivers drawing salary out of the depositors' money."