19644. State Bank (Kewaunee, WI)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
June 10, 1893
Location
Kewaunee, Wisconsin (44.458, -87.503)

Metadata

Model
gpt-5-mini
Short Digest
cdbd99be5376b347

Response Measures

None

Description

Two contemporaneous newspaper snippets (dated 1893-06-10) report that the State Bank of Kewaunee experienced light runs. No mention of suspension, closing, receivership, or reopening appears in the provided articles. The broader context in the same items references other banks failing/closing the same day, suggesting runs were linked to distress among other banks.

Events (1)
1. June 10, 1893 Run
Cause
Local Banks
Cause Details
Contemporaneous reports of other banks failing/closing (Hudson Savings Bank and other bank failures) likely spurred light withdrawals from local banks.
Newspaper Excerpt
Light Runs. KEWAUNEE. Wis., June 10. -Both the State Bank of Kewaunee and the Bank of Kewaunee have experienced light runs.
Source
newspapers

Newspaper Articles (2)
1. June 10, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, June 10, 1893

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Article Text

WITHOUT WARNING. The Hudson, Wis., Savings Bank Closes Its Doors. HUDSON. Wis., June 10.--There was great commotion among business men and depositors generally during the morning when the Hadson Savings bank failed to open its doors. The following notice was posted: "Owing to the stringency of the money market we have deemed it best in justice. 10 our depositors to suspend for the present. The bank has assets enough to cover all deposits." No FOR or warning of any kind was given. The city funds were deposited there. There are doubts of the bank renewing business. Light Runs. KEWAUNEE. Wis., June 10. -Both the State Bank of Kewaunee and the Bank of Kewaunee have experienced light runs.

2. June 10, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, June 10, 1893

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Article Text

Light Runs. KEWAUNEE. Wis., June 10. -Both the State Bank of Kewaunee and the Bank of Kewaunee have experienced light runs. More Banks Go Under. CHICAGO, June 10.-Joseph Higins, owning a private bank at 84 Washington street, and three corresponding institutions in Illinois towns, have made an assignment in the county court. Higins operated banks at Mascoutah, Sorento, Glitespie and St. Ann. The assignment covers all.