19604. South Side State Bank (Green Bay, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 1, 1932*
Location
Green Bay, Wisconsin (44.519, -88.020)

Metadata

Model
gpt-5-mini
Short Digest
9fa62cfd0ba293c4

Response Measures

None

Description

Articles (published 1932-12-29) state the South Side State Bank in Green Bay had suspended business about a month earlier and the state banking examiner was in charge. Embezzlement by the former assistant cashier was discovered; no reopening is mentioned and the examiner is managing affairs, indicating a suspension that led to permanent closure/official control.

Events (2)
1. November 1, 1932* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed discovery of shortages/embezzlement in bank records (assistant cashier alleged $1,000 short and misuse of funds).
Newspaper Excerpt
the institution since it suspended business about a month ago
Source
newspapers
2. December 29, 1932 Other
Newspaper Excerpt
Former Green Bay Cashier Pleads Not Guilty to Charges ... former assistant cashier of the closed South Side State bank, pleaded not guilty ... on charge of embezzling $1,000 of the bank's funds last June. The complaint was signed by O. Houkum, examiner for the state banking department, who has been in charge the institution since it suspended business about a month ago.
Source
newspapers

Newspaper Articles (2)
1. December 29, 1932 Wausau Daily Herald Wausau, WI
Article from Wausau Daily Herald, December 29, 1932

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Article Text

Former Green Bay Cashier Pleads Not Guilty to Charges Officer of Closed South Side State Bank Accused of Embezzlement of Funds Green Bay, Dec. Frank J. Slupinski, 33, former assistant cashier of the closed South Side State bank, pleaded not guilty when arraigned in municipal court late yesterday on charge of embezzling $1,000 of the bank's funds last June. The case was adjourned to January for hearing and bond was set $1,000. He permitted to sign his own bond. The complaint was signed by O. Houkum, examiner for the state banking department, who has been in charge the institution since it suspended business about a month ago. Specific Charge The specific charge on which the arrest made based an admission allegedly made by Slupinski after the bank closed that he was $1,000 short He had sent the bank's draft for $4,000 correspondent bank in Chicago, and had amount the books as $3,000, using the addi tional $1,000 to cover previous shortage in his cash, it is charged. When the draft came back, about the the business, the shortage was discovered.

2. December 29, 1932 The Post-Crescent Appleton, WI
Article from The Post-Crescent, December 29, 1932

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Article Text

Bay Slupinski Accused of Embezzling From Side Bank HEARING ON JAN. 6 Signed by aminer for State Banking Department Green Bay Frank Sluppinski, former assistant cashier closed South State bank, pleaded guilty arraignin court Wednesday charge the bank's funds last June. The adjourned Jan. for and bond permitted sign his bond. The complaint signed by examiner for the banking department, who has been charge institution since suspended business about month preferred the charge after examination the bank's records. specific charge which the arrest made based mission made by Slupinski after the bank closed that $1,000 short. sent the for $4,000 correspondent Chicago, and had entered the amount books $3,000, using the $1,000 previous shortage his cash, When back, about the time the bank suspended impossible, and the shortage discovered. Slupinski, married and the father one child, has been Bay, the affairs of the large Polish