19500. State Bank (Argyle, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 19, 1930
Location
Argyle, Wisconsin (42.701, -89.867)

Metadata

Model
gpt-5-mini
Short Digest
c7a5f5b4de9b23c9

Response Measures

None

Description

Newspapers report the Argyle State Bank was suspended April 19, 1930 and later reported closed by the state (frozen assets and deficient cash reserve). No run is described; closure appears to follow suspension and state action. OCR errors in articles (e.g., 'mmerc'/'cial' = 'Commercial' or 'Commercial State bank') corrected where obvious.

Events (2)
1. April 19, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Frozen assets and deficient cash reserve reported by the state banking commission.
Newspaper Excerpt
The bank was suspended April 19, 1930.
Source
newspapers
2. August 5, 1930 Other
Newspaper Excerpt
Argyle Bank Closes Doors ... has closed because of frozen assets and deficient cash reserve, the state today.
Source
newspapers

Newspaper Articles (2)
1. August 5, 1930 The Sheboygan Press Sheboygan, WI
Article from The Sheboygan Press, August 5, 1930

Click image to open full size in new tab

Article Text

Argyle Bank Closes Doors Madison, Wis. The mmerc State bank, Argyle, has closed because of frozen assets and deficient cash reserve, the state today. was listed at surplus $8,000, and deposits $317. 878.31. Officers of the bank are president, Robert vice president, H. Hawley; and cashier, C. McQuillan. The Farmers and Merchants bank, Richland Center, has been reorganized and for business today, the The bank was suspended April 19, 1930.

2. August 5, 1930 Baraboo News Republic Baraboo, WI
Article from Baraboo News Republic, August 5, 1930

Click image to open full size in new tab

Article Text

Argyle Bank Closes, Reports Madison The cial State bank, has closed because of frozen assets and deficient cash reserve, the banking commission day. Capital was listed at surplus $8,000, and deposits 878.31. Officers of the bank President, Robert Peacock; President, H. Hawley; and C. McQuillan. The Farmers and bank, Richland Center, has been reorganized and was reopened for business today, the commission ported. The bank was suspended April 19, 1930. Three feet diameter taining three-pound tungsten, ament. the world's largest electric light has been made picture studio.