9428. State Savings Bank (Vassar, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
December 18, 1934
Location
Vassar, Michigan (43.372, -83.583)

Metadata

Model
gpt-5-mini
Short Digest
8b5bbb04

Response Measures

None

Description

Articles (Dec 18, 1934) report the State Savings Bank of Vassar is in receivership and the receiver is paying the sixth dividend. No run is described in the texts. The bank is closed and in receivership (permanent closure), so classify as suspension_closure (suspension leading to closure/receivership).

Events (2)
1. December 18, 1934 Receivership
Newspaper Excerpt
receiver for the State Savings Bank of Vassar today paying the sixth dividend to the depositors which amounts 61 per cent in all. The cost of the receivership is less than $100.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (payments suspended and receiver administering dividends).
Newspaper Excerpt
State Savings Bank of Vassar ... the cost of the receivership is less than $100.
Source
newspapers

Newspaper Articles (2)
1. December 18, 1934 The Saginaw News Saginaw, MI
Article from The Saginaw News, December 18, 1934

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Article Text

VASSAR BANK RECEIVER PAYS SIXTH DIVIDEND (Special to The Saginaw News.) Dec. receiver for the State Savings Bank of Vassar today paying the sixth dividend to the depositors which amounts 61 in The cost of the receivership is less than $100. M'ADOO QUITS HOSPITAL. Reccovered from attack acute indigestion. Senator William Gibbs McAdoo of California today left Sternberg General hospital where he was confined for four days.

2. December 18, 1934 The Saginaw News Saginaw, MI
Article from The Saginaw News, December 18, 1934

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Article Text

VASSAR BANK RECEIVER PAYS SIXTH DIVIDEND (Special to The Saginaw News.) Grant receiver for the objectors of the State Savings Bank of Vassar today is paying the sixth dividend to the depositors which amounts to 61 per cent in all. The cost of the receivership is less than $100.