State Bank - Hilbert, WI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: August 23, 1932
Location: Hilbert, Wisconsin (44.140, -88.164)

Metadata

Model: gpt-5-mini
Short Digest: 8dff1cbc60a67c2a

Response Measures

None

Description

OCR corrected phrasing (e.g., The Hilbert State bank today took advantage of the legal holiday and remained closed...). Article (Green Bay Press-Gazette, 1932-08-23) describes the Hilbert State Bank remaining closed during a legal holiday while officials worked on reorganization/stabilization plans and waivers; it states the bank will reopen in September. No run or depositor riot is described. Closure appears to be part of a state stabilization/reorganization process, with depositors asked to sign waivers.

Events (1)

1. August 23, 1932 Suspension

Cause: Government Action
Cause Details: Bank remained closed during a proclaimed legal holiday while officials and the state banking department worked reorganization/stabilization plans; depositors urged to sign waivers to permit reorganization and allow reopening in September.
Newspaper Excerpt: The Hilbert State bank today took advantage of the legal holiday and remained closed while officials worked plans.
Source: newspapers

Newspaper Articles (1)

1. August 23, 1932 Green Bay Press-Gazette Green Bay, WI

Article from Green Bay Press-Gazette, August 23, 1932

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Article Text

WAIVERS FOR 50 Thirty Per Cent More Needed to Permit Reorganization. Up o'clock this afternoon had signed covering deposits the FarmExchange bank, signed up bring cent before reorganization plans carried through. must completbefore expiration the "holiday" o'clock Friday mornwhich time the bank must either business suspend. Officers the state banking partment again urged depositors and sign their waivers earliest possible The bank open from m. convenience. cause the number deposimpossible for the the department them the amount they urgentstop the bank inin to was response Saturday night's meeting that accounts- probably $20 be paid the first dividend, in order save bookkeeping expense. Large numbers depositors visited the yesterday. and within less nearly doubled which had been filed the present slightly more than day should reached. HOLIDAY IN HILBERT The HilState bank today advantage legal holiday and remainclosed while officials worked plans. The holiday proclaimed by President Delanty and cluded all business except dealing necessary Only the however, took vantage the proclamation Deposits said. Under the plan bank will reopened Sept. cent, Cashier John said. BANK RECORD GOOD bank record during the past especially the first has better this section Middle stabilization director the banking reported Gov. Philip For the period since Jan. Wisconsin had per cent its total deposits tied Kuehl reported. On the Federal Reserve bulletins Kuehl reported that per cent deposits in Iowa tied in 3.93 Illinois, one per cent South North per and cent Minnesota. The these figures was compared cent United States Banks Suspended banks During Kuehl Illinois, reported. in Misin Minnein "While banking record for the entire months period by these reports favorable, significant that during the first record months Kuehl became stabilization program banking department. became legislation erative 1932." the his report Many states stabilization to Wisconsin's, he similar stated. DEFERRED PLAN CLAIM ON today said that Journal shows that survey first of the year in the consin: banks have been suspendEighteen with deposits banks have deferred payment plan, deposits The banks, either suspended time under the year deposits of during The Journal said that ago was made the request full account the partment suspended banks and those under the not giving that the Journal Mr. Kuehl having said don't for fear that would lead to trouble. said about the banking the Journal said der stabilization depositor's money tied up months longer the commisbanking decides. the sioner bank proves its the Journal the waiver stabilization agreement be called off before the period ends.