9424. Utica State Savings Bank (Utica, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1941*
Location
Utica, Michigan (42.626, -83.034)

Metadata

Model
gpt-5-mini
Short Digest
24c30c91

Response Measures

None

Description

Articles (Jan 16 and Jan 23, 1941) report the Utica State Savings Bank was placed in receivership following a bank holiday and is described as defunct with its building sold. No explicit run is described. The suspension appears regulatory/holiday-related and led to permanent closure and receivership.

Events (3)

1. January 1, 1941* Suspension
Cause
Government Action
Cause Details
Placed in suspension/closed due to a bank holiday (regulatory/temporary closure) prior to Jan 16, 1941.
Newspaper Excerpt
The bank has been in the hands of a receiver ever since the bank holiday
Source
newspapers
2. January 16, 1941 Receivership
Newspaper Excerpt
Appointed by the state banking department to the receivership of the Utica State Savings Bank, George H. Van Buren ... took over his new duties Tuesday morning. The vacancy was caused by the sudden death of John Barron, receiver for the past five years.
Source
newspapers
3. January 23, 1941 Other
Newspaper Excerpt
Albert Neumaier ... has purchased the building of the defunct Utica State Bank, corner Main and Cass streets, Utica. The bank has been in the hands of a receiver ever since the bank holiday and depositors are expected to receive one more pay off before the business is closed.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Monitor, January 16, 1941

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Article Text

Utica Personals TH The Utica Tuesday Club will hold its annual meeting on Tues. knit Utic day afternoon, Jan. 21, at the home of Miss Dora Hahn, 4926 17, 8 Cass street, opening at 2:30 Hirt o'clock. The choice of study meet for next year will also be made in tl at this time. President Mrs. Jas. Hirtl Fletcher has appointed as a fered nominating committee to act at Th this time Mrs. Sam McLean, cut I Mrs. A. B. Ladd, and Mrs. Sarah meet Baird. take able The Macomb County Past Matron's Club will meet on Wed- to by A nesday, Jan. 22, with the Past Matrons of Roseville Chapter. It give Yarn will be a luncheon meeting. also Mrs. Leonard Morrison, Mrs. prefe Russell Gierman, Mrs. Emil been Lange. Mrs. Norman Van Jaars. are o veld, Mrs. Walter Rieck, Mrs. is he John Mohritz, Mrs. Frank Green hand attended the meeting of the MaLa comb County Council Parenthind Teacher Association held Tuestowr day afternoon at the Lake Shore of U High School. The Regular monthly meeting of Con the Utica-Parent-Teacher Assoon 1 ciation will be held on Wedneschur day evening, Jan. 22, at 8 pres o'clock, at the high school. The from speaker will be Dr. Lavinia Macthe ( Kay who will speak on "Your the Child's Health". The PTA exMrs. tends an invitation to everyone J. A to attend this meeting. Mrs. Jose Laurence Wilkeman and Mrs. three Martin Muehller will serve the Mich refreshments. deac Appointed by the state bankpiani ing department to the receiversocia ship of the Utica State Savings Mich Bank, George H. Van Buren, of Thor Birmingham, took over his new Bair duties Tuesday morning. The The vacancy was caused by the sudof t den death of John Barron, rehold ceiver for the past five years. ity P Mr. Van Buren is also receivday, er for the Ferndale State Bank; O. F liquidator of the Romeo DeposValp itors Corporation and Almont the I Savings Bank. M William John Sipperley is actend the 1 companying his uncle, Fred Semenn, and a friend, Don Saunther, ders, of Detroit, on a motor trip home


Article from The Daily Monitor, January 23, 1941

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Article Text

Neumaier Buys Bank Building UTICA-Albert Neumaier, of the firm of Merkel and Neumaier, has purchased the building of the defunct Utica State Bank, corner Main and Cass streets, Utica. The bank has been in the hands of a receiver ever since the bank holiday and depositors are expected to receive one more pay off before the busjness is closed.