19525. Peoples State Bank (Bloomer, WI)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
July 15, 1931
Location
Bloomer, Wisconsin (45.100, -91.489)

Metadata

Model
gpt-5-mini
Short Digest
31572af4141fe4be

Response Measures

None

Description

Three contemporaneous articles (July 16, 1931) report an unexpected run that forced closing of the People's/Peoples State Bank at Bloomer. The reports state the bank was in sound condition but heavy demands for cash forced closing; no reopening or receivership is mentioned. Bank name appears as People's State Bank in the articles; given the provided bank name, corrected to Peoples State Bank (same institution). Cause of the run is not specified in the articles (no explicit rumor or misconduct stated).

Events (2)
1. July 15, 1931 Run
Cause Details
Articles report an unexpected run with heavy demands for cash; no specific trigger (rumor or bank problem) is given.
Measures
None reported beyond closing the bank (heavy withdrawals led to closure).
Newspaper Excerpt
An unexpected run forced closing of the People's State bank, Bloomer.
Source
newspapers
2. July 15, 1931 Suspension
Cause Details
Bank was closed by the commissioner after heavy withdrawals; articles state the bank had been in sound financial condition and closing was due to heavy demands for cash.
Newspaper Excerpt
An unexpected run forced closing of the People's State bank, Bloomer, yesterday, the commissioner of banking announced.
Source
newspapers

Newspaper Articles (3)
1. July 16, 1931 The Waukesha County Freeman Waukesha, WI
Article from The Waukesha County Freeman, July 16, 1931

Click image to open full size in new tab

Article Text

Runs Force Closing of Bank at Bloomer MADISON unexpected run forced closing of the People's State bank, Bloomer, yesterday, the combanking announced. Charles Albrecht president of institution. The banking commission said the bank been in sound financial condition and only heavy demands for cash made closing necessary. Deposits than $250000

2. July 16, 1931 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, July 16, 1931

Click image to open full size in new tab

Article Text

RUN CLOSES BANK Madison --(U.P.)- An unexpected run forced closing of the People's State bank. Bloomer. yesterday. the commissioner of banking announced Charles Albrecht president of the institution The banking said the bank had been in sound financial condition and only heavy demands for cash made closing necessary Deposits of more than $250,000 were in the bank

3. July 16, 1931 Wisconsin State Journal Madison, WI
Article from Wisconsin State Journal, July 16, 1931

Click image to open full size in new tab

Article Text

Unexpected Run Shuts Bank at Bloomer, Wis. An unexpected run forced closing of the People's State bank, Bloomer, Wednesday, the commissioner of banking announced today. Charles Albrecht is president of the institution The banking commission said the bank had been in sound financial condition and only heavy demands for cash made closing necessary Deposits of more than $250,000 were in the bank.