19522. Black Hawk State Bank (Black Hawk, WI)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
December 30, 1929
Location
Black Hawk, Wisconsin (43.269, -89.927)

Metadata

Model
gpt-5-mini
Short Digest
4996499e5a4853de

Response Measures

None

Description

Multiple newspapers (Feb 8, 1930) report a run on the Black Hawk State Bank that caused it to close its doors for the second time in three months. The bank had earlier been robbed (~$4,000) in November and a former cashier was convicted for misappropriation; it was reorganized and reopened (reported reopening Jan 14, 1930) but the Feb run led to another closure. Reports say it is not known whether the bank will be reopened again, so outcome is uncertain. Dates corrected/standardized from article text (reopening Jan 14 likely 1930; prior closing Dec 30 likely 1929).

Events (4)
1. December 30, 1929 Other
Newspaper Excerpt
closed Dec. 30 (reported in Feb 1930 article referencing prior closing).
Source
newspapers
2. January 14, 1930 Reopening
Newspaper Excerpt
reopened Jan. 14 (reported in Feb 1930 article).
Source
newspapers
3. February 8, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
A run was given as the cause of the closing; bank had prior robbery (~$4,000) in November and conviction of former cashier for misappropriation, undermining confidence.
Measures
Closed doors; placed in hands of state banking department/commissioner (state authorities took charge).
Newspaper Excerpt
Run Today Causes Closing, State Bank Head Reports
Source
newspapers
4. February 8, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
State banking commissioner attributed the present failure to a run precipitated by earlier bank-specific troubles (robbery and misappropriation).
Newspaper Excerpt
Blackhawk State bank... closed its doors today for the second time in three months, a run on the bank was given as the cause of the present closing by the state banking commissioner
Source
newspapers

Newspaper Articles (5)
1. February 8, 1930 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, February 8, 1930

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Article Text

OPPOSITION TO NEW STATE GRADING LAW Clintonville, than 600 Wisconsin cheesemakers here yesterday conference went on record opposed the proposed new state cheese grading law. BANK AGAIN CLOSED (AP) Blackhawk State bank, Blackhawk, Wis., closed its doors today for the second time in three months, it was by state banking commissioners here this run the given the cause of the present failure by the The bank has been operating for than month since its recent organization following series mishaps to the bank. beginning with the robbery in November, when $4,000 was taken, and culminating in the arrest former cashier charge of of the bank's funds was not known whether or not the bank would be reopened again, the banking commissioner said this morning.

2. February 8, 1930 The Post-Crescent Appleton, WI
Article from The Post-Crescent, February 8, 1930

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Article Text

BANK AT BLACK HAWK AGAIN CLOSES DOOR Madison The Biack Hawk State Black Hawk, closits doors today for the second time in was nounced by the state here this morning. run on the bank given the the present failure by the banking comThe bank has been operating for than its series mishaps to the bank the when $4,000 was taken and in the arrest of former cashier charge the bank's funds.

3. February 8, 1930 The Capital Times Madison, WI
Article from The Capital Times, February 8, 1930

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Article Text

Bank at Black Hawk Closed For 2nd Time Run Today Causes Closing, State Bank Head Reports After operating less than a month after its recent reorganization. the Black Hawk State bank today closed its doors for the second time in three months. A run on the bank was given as the cause of the present closing by the state banking commissioner this The bank's troubles started in November when it was robbed of about $4,000. few weeks later the bank was closed. but was reopened after it had been reorganized and a. new cashier named. The former cashier was recently convicted of charge of misappropriation of the bank's funds and placed on probation. It is not known whether or not the bank will be reopened again. state authorities declared this morning.

4. February 8, 1930 The Capital Times Madison, WI
Article from The Capital Times, February 8, 1930

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Article Text

Bank at Black Hawk Closed For 2nd Time Run Today Causes Closing, State Bank Head Reports After operating less than a month after recent reorganization. the Black Hawk State bank today closed its doors for the second time in three months A run on the bank was given as the cause of the present closing by the state banking commissioner this The bank's troubles started in November when it was robbed of about $4,000. few weeks later the bank was closed, but was reopened after it had been reorganized and a new cashier named The former cashier was recently convicted of charge of misappropriation of the bank's funds and placed on probation It is not known whether or not the bank will be reopened again. state allthorities declared this morning.

5. February 8, 1930 The Brainerd Daily Dispatch Brainerd, MN
Article from The Brainerd Daily Dispatch, February 8, 1930

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Article Text

PRESIDENT AND WIFE ENTERTAIN BRITISH ENVOY Madison, Wis., Feb. Washington, Feb. and Mrs. Hoover entertained dis- on the Blackhawk, Wis., state bank. at the White which closed Dec. 30 and reopened tinguished company House last night in honor of Sir Esme Jan. 14, has again placed that institution in the hands of the state bankHoward, the British ambassador and Lady Howard. The affair ing department, announced today. notable because in the past Schwenker Blackhawk bank was robbed by cial custom has been that the presien- dits in December and subsequent indent does not entertain foreign disclosed shortage except at set state functions. vestigation