First National Bank - Eau Claire, WI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 2069
Charter Number: 2069
Start Date: February 21, 1878
Location: Eau Claire, Wisconsin (44.811, -91.498)

Metadata

Model: gpt-5-mini
Short Digest: 5b47e1d6

Response Measures

None

Description

Stockholders gave depositors notice to withdraw because they planned to close the national charter and reopen as a private banking house. This is a voluntary closure/recharter (no run mentioned) and the bank intends to reopen in a different form.

Events (3)

1. December 12, 1872 Chartered

Source: historical_nic

2. February 21, 1878 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders decided to close the national charter and reopen the business as a private banking house, citing that the Government is too exacting of National Banks.
Newspaper Excerpt: gives its depositors notice to withdraw their deposits as the stockholders are about to close that institution as a National Bank and reopen as a private banking house
Source: newspapers

3. March 30, 1878 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. February 21, 1878 River Falls Journal River Falls, WI

Article from River Falls Journal, February 21, 1878

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Article Text

Instead of bursting, and swindling its depositors, the First National Bank of Eau Claire, in refreshing contrast with the course pursued by rotton banks elsewhere, gives its depositors notice to withdraw their deposits as the stockholders are about to close that institution as a National Bank and reopen as a private banking house, assigning as a reason for their course that the Government is too exacting of National Banks. The gentlemen who have been running the First National Bank of Eau Claire are deserving of the confidence reposed in them and will no doubt find plenty to do under their proposed "new dispensation."