First State Bank - Tekonsha, MI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: July 14, 1932
Location: Tekonsha, Michigan (42.093, -84.986)

Metadata

Model: gpt-5-mini
Short Digest: 2dbdee53

Response Measures

None

Description

Article (Battle Creek Enquirer, 1932-07-14) reports that a temporary receiver was discharged and is now acting as permanent receiver and that the bank has been given permission to reopen. No run or depositor panic is mentioned. Suspension appears to have been by appointment of a receiver (government action), and the bank is reopening.

Events (3)

1. July 14, 1932 Receivership

Newspaper Excerpt: An order was entered in circuit court Wednesday discharging Glen VanDenbergh from his duties as temporary receiver of the First State bank at Tekonsha ... Mr. VanDenbergh is now acting as permanent receiver for the bank ... . (Battle Creek Enquirer, 1932-07-14).
Source: newspapers

2. July 14, 1932 Reopening

Newspaper Excerpt: the bank which has been given permission on to reopen.
Source: newspapers

3. * Suspension

Cause: Government Action
Cause Details: Bank had a temporary receiver appointed (court/receiver action) leading to suspension of operations prior to reopening.
Newspaper Excerpt: Mr. VanDenbergh is now acting as permanent receiver for the bank which has been given permission on to reopen.
Source: newspapers

Newspaper Articles (1)

1. July 14, 1932 Battle Creek Enquirer Battle Creek, MI

Article from Battle Creek Enquirer, July 14, 1932

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Article Text

BANK RECEIVER DISCHARGED. An order was entered in circuit court Wednesday discharging Glen VanDenbergh from his duties as temporary receiver of the First State bank at Tekonsha following a report of his activities which he gave to the court Tuesday. Mr. VanDenbergh is now acting as permanent receiver for the bank which has been given permission on to reopen.