Utica State Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: September 28, 1942
Location: Utica, Michigan (42.626, -83.034)

Metadata

Model: gpt-5-mini
Short Digest: 8e353674

Response Measures

None

Description

Multiple court notices (published Oct 3–24, 1942) petitioning to approve and confirm the receiver's liquidation and dissolve the Utica State Savings Bank. No articles mention a depositor run; this is a receivership/liquidation (government action) leading to permanent closure.

Events (1)

1. September 28, 1942 Receivership

Newspaper Excerpt: In the Matter of the petition of R. A. Carroll, Receiver of Utica State Savings Bank, of Utica, a Michigan banking corporation, for the entry of an order herein by said court approving, ratifying and confirming the liquidation of said bank by said receiver and his predecessor in office, discharging said receiver, and dissolving said banking corporation.
Source: newspapers

Newspaper Articles (5)

1. October 3, 1942 The Daily Monitor Leader Mount Clemens, MI

Article from The Daily Monitor Leader, October 3, 1942

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day of September, A. D. 1942. Present: The Honorable Neil E. Reid. Circuit Judge. In the Matter of the petition of R. A. Carroll, Receiver of Utica State Savings Bank. of Utica, a Michigan banking coropration. for the entry of an order herein by said court approving. ratifying and confirming the liquidation of said bank by said receiver and his predecessor in office. discharging said receiver, and dissolving said banking corporation. On reading and filing the sworn petition of R. A. Carroll, receiver of Utica State Savings Bank. of Utica. Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed, and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition, this Court enter an ORDER approving, ratifying and confirming the official liquidation of Utica State Savings Bank. of Utica, Michigan. by said petitioner and his predecessor receiver. as receiver and successor receiver, of said bank, including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corporation. and for other and further relief as in said petition prayed. and It further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said porties in interest are non-resident or absent from the State of Michigan, and there whereabouts can not be ascertained, and because of the diverse changes that have occurred in the Identity of the parties interested by reason of death. transfers of interest. or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition. but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direet interest therein as a class. to-wit. common to all of the stockholders and creditors of said bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters and circumstances set forth in said petition and in due consideration thereof, IT IS HEREBY ORDERED. That each and every creditor. stockholder and other person interested in the receiver liquidation of Utica State Savings Bank of Utica, and in the discharge of said receiver and the dissolution of the corporate existence of said Utica State Savings Bank. of Utica, be and appear before this Court on Monday, the 2nd day of November, A. D. 1942, at the Circuit Court room in the City of Mt. Clemens. State of Michigan, at 2 o'clock P. M. on said day, or as soon thereafter as counsel can be heard. and THEN AND THERE TO SHOW CAUSE. if any there be. why the prayer of said petitioner should not be granted and an order entered in said matter. approving, ratifying and confirming the receiver liquidation of Utica State Savings Bank, of Utica, Michigan, and the discharge of the petitioning receiver thereof, and the final dissolution of the corporate existence of said Utica State Savings Bank, of Utica, Michigan, be decreed. pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of R. A. Carroll, Receiver of said Utica State Savings Bank. of Utica. Michigan. and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED. and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing, be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank, at least six days prior to the date herein fixed and designated for the hearing on said petition, and that a copy of this order be published in the Monitor-Leader, a newspaper printed, published and in general circulation in the County of Macomb, State of Michigan, once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. NEIL E. REID. A true copy: Circuit Judge EUNICE R. ROSE, Deputy Clerk Countersigned: GUY L. BROWN, Clerk HERBERT J. RUSHTON, Attorney General JAMES A. GREENE, Attorney for Petitioner Ass't Att'y General Business Address: State Office Bldg. Lansing, Michigan Oct. 3-10-17-24-M-L

2. October 10, 1942 The Daily Monitor Leader Mount Clemens, MI

Article from The Daily Monitor Leader, October 10, 1942

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It further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said porties in interest are non-resident or absent from the State of Michigan, and there whereabouts can not be ascertained, and because of the diverse changes that have occurred in the identity of the parties interested by reason of death, transfers of interest. or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class, to-wit, common to all of the stockholders and creditors of said bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters and circumstances set forth in said petition and in due consideration thereof, IT IS HEREBY ORDERED, That each and every creditor, stockholder and other person interested in the receiver liquidation of Utica State Savings Bank of Utica, and in the discharge of said receiver and the dissolution of the corporate existence of said Utica State Savings Bank, of Utica. be and appear before this Court on Monday. the 2nd day of November, A. D. 1942, at the Circuit Court room in the City of Mt. Clemens. State of Michigan, at 2 o'clock P. M. on said day, or as soon thereafter as counsel can be heard, and THEN AND THERE TO SHOW CAUSE. if any there be. why the prayer of said petitioner should not be granted and an order entered in said matter, approving. ratifying and confirming the receiver liquidation of Utica State Savings Bank, of Utica, Michigan, and the discharge of the petitioning receiver thereof, and the final dissolution of the corporate existence of said Utica State Savings Bank, of Utica, Michigan, be decreed, pursuant to the provisions of the statutes in such cases made and provided. all according to the prayer of the petition of R. A. Carroll, Receiver of said Utica State Savings Bank, of Utica, Michigan. and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED, and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing. be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank, at least six days prior to the date herein fixed and designated for the hearing on said petition, and that a copy of this order be published in the Monitor-Leader. a newspaper printed, published and in general circulation in the County of Macomb, State of Michigan, once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. NEIL E. REID. Circuit Judge A true copy: EUNICE R. ROSE, Deputy Clerk Countersigned: GUY L. BROWN. Clerk HERBERT J. RUSHTON. Attorney General JAMES A. GREENE Attorney for Petitioner Ass't Att'y General Business Address: State Office Bldg. Lansing, Michigan Oct. 3-10-17-24-M-L

3. October 17, 1942 The Daily Monitor Leader Mount Clemens, MI

Article from The Daily Monitor Leader, October 17, 1942

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said receiver, and dissolving said banking corporation. On reading and filing the sworn petition of R. A. Carroll, receiver of Utica State Savings Bank, of Utica, Michigan, praying that this Court take official jurisdiction of the above entitled matter for the purposes specifically therein prayed, and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition, this Court enter an ORDER approving, ratifying and confirming the official liquidation of Utica State Savings Bank, of Utica, Michigan, by said petitioner and his predecessor receiver, as receiver and successor receiver, of said bank, including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corporation, and for other and further relief as in said petition prayed, and It further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said porties in interest are non-resident or absent from the State of Michigan, and there whereabouts can not be ascertained, and because of the diverse changes that have occurred in the identity of the parties interested by reason of death, transfers of interest, or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition, but that the object and purpose of said petition as expressed in the prayer thereof is common to all parties of direct interest therein as a class, to-wit, common to all of the stockholders and creditors of said bank as a class, and that because of inability to make said personal service, and after due consideration of the facts, matters and circumstances set forth in said petition and in due consideration thereof, ### IT IS HEREBY ORDERED, That each and every creditor, stockholder and other person interested in the receiver liquidation of Utica State Savings Bank of Utica, and in the discharge of said receiver and the dissolution of the corporate existence of said Utica State Savings Bank, of Utica, be and appear before this Court on Monday, the 2nd day of November, A. D. 1942, at the Circuit Court room in the City of Mt. Clemens, State of Michigan, at 2 o'clock P. M. on said day, or as soon thereafter as counsel can be heard, and THEN AND THERE TO SHOW CAUSE, if any there be, why the prayer of said petitioner should not be granted and an order entered in said matter, approving, ratifying and confirming the receiver liquidation of Utica State Savings Bank, of Utica, Michigan, and the discharge of the petitioning receiver thereof, and the final dissolution of the corporate existence of said Utica State Savings Bank, of Utica, Michigan, be decreed, pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of R. A. Carroll, Receiver of said Utica State Savings Bank, of Utica, Michigan, and filed in this Court and cause according to the rules and practice thereof. IT IS FURTHER ORDERED, and directed that notice of hearing on the matters and things prayed for in said petition and of the day and time fixed by this Court for said hearing, be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank, at least six days prior to the date herein fixed and designated for the hearing on said petition, and that a copy of this order be published in the Monitor-Leader, a newspaper printed, published and in general circulation in the County of Macomb, State of Michigan, once each week for three successive weeks, the last publication thereof to be at least six days prior to the date fixed for said hearing on said petition. A true copy: EUNICE R. ROSE, Deputy Clerk Countersigned: GUY L. BROWN, Clerk HERBERT J. RUSHTON, Attorney General JAMES A. GREENE, Attorney for Petitioner Ass't Att'y General Business Address: State Office Bldg. Lansing, Michigan NEIL E. REID, Circuit Judge Oct. 3-10-17-24-M-L

4. October 17, 1942 The Daily Monitor Leader Mount Clemens, MI

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STATE OF MICHIGAN The Circuit Court for the County of Macomb IN CHANCERY At a session of said Court, held at the Courthouse, in the City of Mt. Clemens. in said County, on the 28th day of September, A. D. 1942. Present: The Honorable Neil E. Reid, Circuit Judge. In the Matter of the petition of R. A. Carroll, Receiver of Utica State Savings Bank, of Utica, a Michigan banking coropration, for the entry of an order herein by said court approving. ratifying and confirming the liquidation of said bank by said receiver and his predecessor in office, discharging

5. October 24, 1942 The Daily Monitor Leader Mount Clemens, MI

Article from The Daily Monitor Leader, October 24, 1942

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Circuit Judge. In the Matter of the petition of R. A. Carroll, Receiver of Utica State Savings Bank. of Utica, a Michigan banking coropration. for the entry of an order herein by said court approving. ratifying and confirming the liquidation of said bank by said receiver and his predecessor in office, discharging said receiver, and dissolving said banking corporation. On reading and filing the sworn petition of R. A. Carr u. receiver of Utica State Savings Bank. of Utica, Michigan, praying that this Court take offi-s claim jurisdiction of the above entitled matter for the purposes specifically therein prayed, and that in the exercise of its said jurisdiction, and upon due proof of the premises alleged in said petition. this Court enter an ORDER approving, ratifying and confirming the official liquidation of Utica State Savings Bank. of Utica. Michigan. by said petitioner and his predecessor receiver, as receiver and successor receiver, of said bank, including the official discharge of said petitioning receiver and decreeing dissolution of the corporate existence of said banking corporation, and for other and further relief as in said petition prayed. and It further appearing from said petition that by reason of the multiplicity of the parties in interest in said matter and that many of said porties in interest are non-resident or absent from the State of Michigan, and thère whereabouts can not be ascertained, and because of the diverse changes that have occurred in the identity of the parties interested by reason of death. transfers of interest, or otherwise, personal service on all of said parties in interest could not be had without undue prejudice to the equities of the subject matters set forth and alleged in said petition. but that the object and purpose of said petition as expressed in the prayer parties & 2 common all to thereof is rect interest therein as a class, to-wit, common to all of the stockholders and and creditors of said bank as a class, a that because of inability to make personal service, and after due consideration of the facts, matters and circumstances set forth in said petition and in due consideration thereof. each IT IS HEREBY ORDERED. That and every creditor, stockholder and other person interested in the receiver liquidation of Utica State Savings Bank of Utica, and in the discharge of said receiver and the dissolution of the corporate existence of said Utica State Savings Bank. of Utica. be and appear before this Court on Monday, the 2nd day of November, A. D. 1942. at the Circuit Court room in the City of Mt. Clemens. State of Michigan, at 2 o'clock P. M. on said day. or as soon thereafter as counsel can be heard. and THEN AND THERE TO SHOW CAUSE. if any there be, why the prayer of said petitioner should not be granted and an order entered in said matter, approving. ratifying and confirming the receiver liquidation of Utica State Sevings Bank, of Utica, Michigan, and the discharge of the petitioning receiver thereof. and the final dissolution of the corporate existence of said Utica State Savings Bank, of Utica, Michigan, be decreed, pursuant to the provisions of the statutes in such cases made and provided, all according to the prayer of the petition of R. A. Carroll. Receiver of said Utica State Savings Bank, of Utica. Michigan, and filed in this Court and cause according to the rules and practice thereof. # and IT IS FURTHER ORDERED, the rected that notice of hearing matters and things prayed for said petition and of the day and time fixed by this Court for said hearing, be served personally on at least three deposit creditors and on at least three stockholders creditors of said bank. at least six days prior to the date herein fixed said and designated for the hearing on petition, and that a copy of this order be published in the Monitor-Leader, newspaper printed. published and in general circulation in the County of each comb, State of Michigan, once the week for three successive weeks, least last publication thereof to be at six days prior to the date fixed for said hearing on said petition. NEIL E. REID. A true copy: Circuit Judge EUNICE R. ROSE, Deputy Clerk Countersigned: GUY L. BROWN, Clerk HERBERT 3. RUSHTON, Attorney General JAMES A. GREENE. Attorney for Petitioner Ass't Att'y General Business Address: State Office Bidg. I Lansing, Ret. if or STATE Court for the County of I & . session At the Probate Office said in Clemena Country. A. day of October Present, Birth Judge of Probate.