22520. Black Hawk State Bank (Black Hawk, WI)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
February 8, 1930
Location
Black Hawk, Wisconsin (43.269, -89.927)

Metadata

Model
gpt-5-mini
Short Digest
c2b677cb

Response Measures

Full suspension

Other: State banking department placed the bank in its hands (government takeover).

Description

Multiple articles (Feb 8, 1930) report a run that caused the bank to close for the second time in three months. Troubles began with a November robbery (~$4,000) and a former cashier's misappropriation conviction; the bank had been reorganized and briefly reopened in mid-January. State banking authorities have placed the institution in the hands of the state banking department, and it was unclear if it would reopen — indicating suspension and effective closure/receivership.

Events (2)
1. February 8, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Series of bank-specific troubles: November robbery of about $4,000 and later conviction/charge of former cashier for misappropriation led depositors to run.
Measures
Bank had previously been reorganized and reopened after the earlier closure; current run led to closing and state intervention.
Newspaper Excerpt
A run on the bank was given as the cause of the present closing by the state banking commissioner
Source
newspapers
2. February 8, 1930 Suspension
Cause
Government Action
Cause Details
State banking commissioners closed the bank and placed it in the hands of the state banking department following the run and discovered shortages/misappropriation.
Newspaper Excerpt
Blackhawk State bank ... closed its doors today for the second time in three months, it was by state banking commissioners here ... placed that institution in the hands of the state banking department
Source
newspapers

Newspaper Articles (5)
1. February 8, 1930 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, February 8, 1930

Click image to open full size in new tab

Article Text

OPPOSITION TO NEW STATE GRADING LAW Clintonville, than 600 Wisconsin cheesemakers here yesterday conference went on record opposed the proposed new state cheese grading law. BANK AGAIN CLOSED (AP) Blackhawk State bank, Blackhawk, Wis., closed its doors today for the second time in three months, it was by state banking commissioners here this run the given the cause of the present failure by the The bank has been operating for than month since its recent organization following series mishaps to the bank. beginning with the robbery in November, when $4,000 was taken, and culminating in the arrest former cashier charge of of the bank's funds was not known whether or not the bank would be reopened again, the banking commissioner said this morning.

2. February 8, 1930 The Post-Crescent Appleton, WI
Article from The Post-Crescent, February 8, 1930

Click image to open full size in new tab

Article Text

BANK AT BLACK HAWK AGAIN CLOSES DOOR Madison The Biack Hawk State Black Hawk, closits doors today for the second time in was nounced by the state here this morning. run on the bank given the the present failure by the banking comThe bank has been operating for than its series mishaps to the bank the when $4,000 was taken and in the arrest of former cashier charge the bank's funds.

3. February 8, 1930 The Capital Times Madison, WI
Article from The Capital Times, February 8, 1930

Click image to open full size in new tab

Article Text

Bank at Black Hawk Closed For 2nd Time Run Today Causes Closing, State Bank Head Reports After operating less than a month after its recent reorganization. the Black Hawk State bank today closed its doors for the second time in three months. A run on the bank was given as the cause of the present closing by the state banking commissioner this The bank's troubles started in November when it was robbed of about $4,000. few weeks later the bank was closed. but was reopened after it had been reorganized and a. new cashier named. The former cashier was recently convicted of charge of misappropriation of the bank's funds and placed on probation. It is not known whether or not the bank will be reopened again. state authorities declared this morning.

4. February 8, 1930 The Capital Times Madison, WI
Article from The Capital Times, February 8, 1930

Click image to open full size in new tab

Article Text

Bank at Black Hawk Closed For 2nd Time Run Today Causes Closing, State Bank Head Reports After operating less than a month after recent reorganization. the Black Hawk State bank today closed its doors for the second time in three months A run on the bank was given as the cause of the present closing by the state banking commissioner this The bank's troubles started in November when it was robbed of about $4,000. few weeks later the bank was closed, but was reopened after it had been reorganized and a new cashier named The former cashier was recently convicted of charge of misappropriation of the bank's funds and placed on probation It is not known whether or not the bank will be reopened again. state allthorities declared this morning.

5. February 8, 1930 The Brainerd Daily Dispatch Brainerd, MN
Article from The Brainerd Daily Dispatch, February 8, 1930

Click image to open full size in new tab

Article Text

PRESIDENT AND WIFE ENTERTAIN BRITISH ENVOY Madison, Wis., Feb. Washington, Feb. and Mrs. Hoover entertained dis- on the Blackhawk, Wis., state bank. at the White which closed Dec. 30 and reopened tinguished company House last night in honor of Sir Esme Jan. 14, has again placed that institution in the hands of the state bankHoward, the British ambassador and Lady Howard. The affair ing department, announced today. notable because in the past Schwenker Blackhawk bank was robbed by cial custom has been that the presien- dits in December and subsequent indent does not entertain foreign disclosed shortage except at set state functions. vestigation