19777. State Bank (Oconto Falls, WI)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
August 5, 1931
Location
Oconto Falls, Wisconsin (44.874, -88.143)

Metadata

Model
gpt-5-mini
Short Digest
5bd7013bf5b35192

Response Measures

None

Description

Contemporary report (Aug 6, 1931) states the State Bank of Oconto Falls failed to open because of heavy withdrawals—i.e., a run leading to suspension. By July 1933 the bank is in receivership and the receiver is petitioning to pay a liquidation dividend, indicating permanent closure. Dates derived from newspaper publication dates (failed to open Wednesday; paper dated 1931-08-06 implies 1931-08-05).

Events (3)
1. August 5, 1931 Run
Cause Details
Heavy withdrawals (unspecified trigger) produced a run that prevented opening
Newspaper Excerpt
Two Wisconsin banks, the State bank of Oconto Falls ... failed to open Wednesday because of heavy withdrawals
Source
newspapers
2. August 5, 1931 Suspension
Cause Details
Bank failed to open (suspended payments) as a direct result of heavy withdrawals/run
Newspaper Excerpt
failed to open Wednesday because of heavy withdrawals, the state banking department announced.
Source
newspapers
3. July 7, 1933 Receivership
Newspaper Excerpt
A. C. Kingston, commissioner of banking and receiver of the State Bank of Oconto Falls, will receive hearing July 12 on his petition to pay five per cent liquidation dividend to creditors.
Source
newspapers

Newspaper Articles (2)
1. August 6, 1931 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, August 6, 1931

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Article Text

TWO BANKS SHUT UP DOORS IN WISCONSIN MADISON, Wis. (P). Two Wisconsin banks, the State bank of Oconto Falls, with deposits of $308,000, and the Farmers & Merchants State bank at Chetka, with deposits totaling $208,000, failed to open Wednesday because of heavy withdrawals, the state banking department announced.

2. July 7, 1933 Green Bay Press-Gazette Green Bay, WI
Article from Green Bay Press-Gazette, July 7, 1933

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Article Text

SET HEARING ON BANK RECEIVER'S PETITION OCONTO FALLS. Wis.-A. C. Kingston, commissioner of banking and receiver of the State Bank of Oconto Falls, will receive hearing July 12 on his petition to pay five per cent liquidation dividend to creditors. The petition will be heard before Circuit Judge Arnold F. Murphy, at Marinette.