22522. Home Bank (Blair, WI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
May 27, 1930
Location
Blair, Wisconsin (44.294, -91.235)

Metadata

Model
gpt-5-mini
Short Digest
102649b8

Response Measures

None

Description

The Home Bank of Blair voluntarily suspended operations in late May 1930 (board surrender due to cash reserves) and later reopened in December 1930 under state supervision. No run is described in the articles; suspension is voluntary and the bank resumed business.

Events (2)
1. May 27, 1930 Suspension
Cause
Voluntary Liquidation
Cause Details
Voluntary surrender by the board of directors citing insufficient cash reserves; placed in charge of state banking department
Newspaper Excerpt
The Home bank, Blair Wis suspended operations Tuesday by voluntary surrender by the board of directors on account of cash reserves the state banking department announced today
Source
newspapers
2. December 13, 1930 Reopening
Newspaper Excerpt
The Home Bank of Blair ... reopened their doors this morning ... The Home of Blair resumed with capital of $30,000 and with P. Ibach, president ... D. E. Bersing, cashier.
Source
newspapers

Newspaper Articles (3)
1. May 28, 1930 The Capital Times Madison, WI
Article from The Capital Times, May 28, 1930

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Article Text

Home Bank at Blair Suspends Directors Act Voluntarily, Dept. Announces The Home bank, Blair Wis suspended operations Tuesday by "voluntary surrender by the board of directors on account of cash reserves the state banking department announced today This the 17th state bank since Jan to suspend Organized 1899 the bank has capital of $30,000 surplus of $26,000 profits 438 loss and discount $500,000 deposits $450,000 Officers are O. B. Borsheif president G Solberg president and E Benson cashier Scowenker state banking missioner said today that bank suspen sions in Wisconsin with in 1929 are still below the national average of per cent The net loss as result of these suspensions will probably be less than one-sixth of one per of the total state bank resources Mr. Schwenker predicted, since two-thirds of the banks will be reorganized and sets liquidated They pay depositors from 65 85 cents on the dolJar and in some cases 100 per cent.

2. 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)

3. 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.