19797. Plymouth Exchange Bank (Plymouth, WI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 13, 1930
Location
Plymouth, Wisconsin (43.749, -87.977)

Metadata

Model
gpt-5-mini
Short Digest
9ba0a5507640e126

Response Measures

None

Description

Articles (Dec 13–14, 1930) report the Plymouth Exchange Bank (a state bank) had been placed in charge of the state banking department and has reopened on Dec 13, 1930. No run is mentioned; suspension appears to have been by state banking authorities (government action). Capitalization cited as $50,000.

Events (3)
1. December 13, 1930 Reopening
Newspaper Excerpt
the Plymouth Exchange bank ... reopened their doors this morning
Source
newspapers
2. December 14, 1930 Other
Newspaper Excerpt
newspaper notes list 'the Plymouth Exchange bank of Plymouth, capitalized for $50,000' in context of reopenings and closings
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Placed in charge of the state banking department and had suspended operations under state supervision.
Newspaper Excerpt
the Plymouth Exchange bank, which have been in charge of the state banking department
Source
newspapers

Newspaper Articles (2)
1. December 13, 1930 Wisconsin State Journal Madison, WI
Article from Wisconsin State Journal, December 13, 1930

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Article Text

Elroy Bank Closes, Two Others Open Blair, Plymouth Banks Resume Business After Suspensions Two Wisconsin state banks, the Home Bank of Blair and the Plymouth Exchange bank, which have been in charge of the state banking department reopened their doors this morning, while another state bank suspended operations and placed its assets in the charge of the department. The bank to close its doors was the State Bank of Elroy. It is hoped to reorganize this bank so that it can resume business in the near future The Home of Blair resumed with capital of $30,000 and with P. Ibach. president: H. E. Stumpf, vice-president, and D. E. Bersing, cashier. The directors are: J.J. Ourodnik. A. E. Nehring. C. (Continued on pag 4 column 8)

2. December 14, 1930 The Des Moines Register Des Moines, IA
Article from The Des Moines Register, December 14, 1930

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Article Text

SUIT DEMANDS N. Y. BANK PROBE Bank of United States' Stockholder Asks an Accounting NEW YORK Phe Bank of United States has been named defendant In sult demanding an accounting and calling for an investigation of the institution's affairs Max E Bloch chairman of a stockholders' protective committee, filed the action in Westchester county supreme court The bank was closed Thursday by Joseph Broderick state superintendent of banking Restrain Bank in East. HARTFORD CONN The Trust of New Britain, capitalized at $500.was restrained from paying out deposits Saturday afternoon by the state bank commissioner. Elroy Wis Bank Closed. MADISON, The banking department anthat the State Bank of Elroy was closed Saturday on action of its board of directors. The bank last statement showed a surplus of 000 and deposits of The banking departalso the reopening of the Home bank of Blair of $30,000 and that of the Plymouth Exchange bank of Plymouth, capitalized for $50,000 Union City, Ind., Bank Fails. APOLIS state banking department was notified Saturday of the closing of the Union Loan and Trust company at Union The institution was capitalized at $50,000, with deposits of $455,000. Michigan Depository Closed. BRIDGM MICH The Bridgman State bank failed to open its doors Saturday The bank, fifteen years old. had deposits of approximately $500,000 and was capitalized at $20.000. Illinois Bank Closed. SESSER. ILL. (P)-The First National Bank of Sesser failed to open Saturday The bank was capitalized at $25,000 and was the only depository here.