First National Bank - Baraboo, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 14060
Charter Number: 14060
Start Date: December 19, 1934
Location: Baraboo, Wisconsin (43.471, -89.744)

Metadata

Model: gpt-5-mini
Short Digest: f8baa6cf

Response Measures

None

Description

Article (Dec 17, 1934) describes the bank as closed and under a receiver who is paying dividends to creditors beginning Dec 19. No run is mentioned. This indicates a suspension that resulted in permanent closure/receivership.

Events (3)

1. March 13, 1934 Chartered

Source: historical_nic

2. December 19, 1934 Receivership

Newspaper Excerpt: Beginning Wednesday morning, December 19th. Plowman, receiver of the First National Bank of Baraboo, will second dividend of paying creditors of the bank ... This 35 per cent dividend is the second to be paid out, by the receiver ... from the assets in the hands of the receiver and represents 17½ per cent of what the creditors had on deposit when the bank closed. The receiver had previously paid out 50 per cent dividend of the assets he controls.
Source: newspapers

3. * Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in the hands of a receiver; dividends being paid to creditors.
Newspaper Excerpt: the former First National Bank and Trust company from the assets in the hands of the receiver
Source: newspapers

Newspaper Articles (1)

1. December 17, 1934 Baraboo News Republic Baraboo, WI

Article from Baraboo News Republic, December 17, 1934

Click image to open full size in new tab

Article Text

Creditors Bring In Certificates Will Announcement Be Welcome ChristNews in Baraboo Beginning Wednesday morning, December 19th. Plowman, ceiver of the First National Bank of Baraboo, will second dividend of paying creditors of the bank cent who have proven their claims. Creditors asked to bring their receiver's certificates with them no checks will delivered until the receiver's certificates are presented for endorsement. This 35 per cent dividend is the second to be paid out, by the receivof the former First National Bank and Trust company from the assets in the hands of the receiver and represents 17½ per cent of what the creditors had on deposit when the bank closed. The receiver had previously paid out 50 per cent dividend of the assets he controls. The announcement will be welcome Christmas message, coming at Yuletide season, and should be splendid stimulant to holiday business in the city of