19796. Plum City State Bank (Plum City, WI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 15, 1930
Location
Plum City, Wisconsin (44.629, -92.192)

Metadata

Model
gpt-5-mini
Short Digest
b9b728d42d8734d6

Response Measures

None

Description

The articles report the Plum City State Bank suspended in mid-July 1930 due to gradual withdrawals and then reopened about a year later (July 14, 1931) with original capitalization after reorganization under the state banking department. No explicit bank run is described in the texts.

Events (2)
1. July 15, 1930 Suspension
Cause Details
Gradual withdrawal of deposits led directors to place deposits in hands of the state banking department.
Newspaper Excerpt
PLUM CITY STATE BANK SUSPENDED ... The bank, capitalized $10,000 deposits placed in hands of the department ... because gradual withdrawal deposits.
Source
newspapers
2. July 14, 1931 Reopening
Newspaper Excerpt
Plum City State Bank Reopened ... Bank, Suspended Year Ago, Opens With Original Capitalization ... The bank open today the Plum City State reopens with its previous capitalization, $10,000 ... Almost year ago to the day, on July 15, 1930, suspended.
Source
newspapers

Newspaper Articles (2)
1. July 16, 1930 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, July 16, 1930

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Article Text

PLUM CITY STATE BANK SUSPENDED Madison, the state bank of Plum City, the close of business yesterday announced by the banking partment here today The bank, capitalized $10,000 deposits placed in hands of the department the directors Lecause gradual withdrawal deposits. The bank had surplus $3.000 The officers the bank William Johnson. president: Lewis. vice and Roy Harmer, cashier.

2. July 14, 1931 The Capital Times Madison, WI
Article from The Capital Times, July 14, 1931

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Article Text

Plum City State Bank Reopened Bank, Suspended Year Ago, Opens With Original Capitalization Another state bank was reopened for business today following reorganization under supervision the state banking department. The bank open today the Plum City State reopens with its previous capitalization, $10,000. Officers Patridge, president: Early Johnson, president; and George H. Plucinski, cashier. Almost year ago to the day, on July 15. 1930, suspended.