Island City State Bank - Cumberland, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1929*
Location: Cumberland, Wisconsin (45.532, -92.019)

Metadata

Model: gpt-5-mini
Short Digest: 25729c50

Response Measures

None

Description

Article (Minneapolis Journal, 1929-10-19) states the Island City State Bank failed in January. No run is mentioned. The failure is permanent; building is to be occupied by a new Northwestern State Bank opening Nov 2, 1929. Date of failure given only as January — year inferred as 1929 from the newspaper date.

Events (2)

1. January 1, 1929* Suspension

Cause Details: Article gives no reason for the failure; simply states the bank 'failed in January.'
Newspaper Excerpt: building formerly occupied by the Island City State Bank, which failed in January
Source: newspapers

2. November 2, 1929 Other

Newspaper Excerpt: will open for business on November 2 in building formerly occupied by the Island City State Bank, which failed in January
Source: newspapers

Newspaper Articles (1)

1. October 19, 1929 The Minneapolis Journal Minneapolis, MN

Article from The Minneapolis Journal, October 19, 1929

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Article Text

Cumberland Bank Names Its Officers Cumberland, Wis., Oct. 19. At the first meeting of stockholders of the Northwestern State Bank here, Dr. G. A. Grinde has been named president, Charles Renstrom vicepresident and W. Brodeck, cashier, with E. Rieberg and Lampson compr the board of direct tors, The bank was just with $25,000 capital and $5,000 surplus and will open for business on November 2 in building formerly occupied by the Island City State Bank, which failed in January