Article Text
Juneau County Bank Closed Yesterday Madison, Wis., Mar. The Lyndon state bank at Lyndon station Juneau county closed because of frozen defaulted liens, according the banking department.
19665. Lyndon State Bank (Lyndon Station, WI)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- March 26, 1931
- Location
- Lyndon Station, Wisconsin (43.712, -89.900)
Metadata
- Model
- gpt-5-mini
- Short Digest
9627fb3e849871c7
Response Measures
None
Description
Newspaper reports from March 1931 state the Lyndon State Bank was suspended/closed due to frozen defaulted liens/frozen assets. Later July article references the bank had been closed since last spring and criminal charges against a former cashier, consistent with a permanent closure rather than a temporary suspension and reopening.
Events (2)
1.
March 26, 1931
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Frozen/defaulted liens and frozen assets blamed for the bank's closing (per state banking commissioner).
- Newspaper Excerpt
- Lyndon State Bank is Suspended Today / Closing of the Lyndon State bank, Lyndon Station, Juneau county... Frozen assets were blamed.
- Source
- newspapers
2.
July 16, 1931
Other
- Newspaper Excerpt
- The bank was closed last spring. / Release Juneau Co. Banker Under Bonds ... former cashier of the Lyndon (Wis.) State bank ... examined on charges making false entries, ... diversion and funds.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
Lyndon State Bank is Suspended Today Madison, Wis.-(U.P)-Closing of the Lyndon State bank, Lyndon Station, Juneau county, with deposits of $241,954, was announced today by Calvin F. Schwenker, state bankin commissioner. Frozen assets wer blamed. The bank was organized 1912. D. J. Puffer was president James Costigan vice president, an Frank McQuillan cashier. Phone 5121 for your Want Ads
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Article Text
Release Juneau Co. Banker Under Bonds Mauston, LeRoy Marquette, former cashthe Lyndon (Wis.) State bank, who himself shortly af ter arrest for illegal from the institution, and was for trial following recovery, released total bond after being examined on ten more yesterday. His first bond was $6,000. This was increased $4,000 yesterday the preliminary hearing charges making false entries, straction and funds. The bank was closed last spring.