Bank of Elk Mound - Elk Mound, WI

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: April 18, 1931
Location: Elk Mound, Wisconsin (44.873, -91.691)

Metadata

Model: gpt-5-mini
Short Digest: 907f6f1a

Response Measures

None

Description

Bank suspended by the state banking department April 18, 1931 for decline in deposits and low assets; reopened as reported March 9, 1932. No run is mentioned in the articles.

Events (2)

1. April 18, 1931 Suspension

Cause: Government Action
Cause Details: State banking department announced suspension due to decline in deposits and low assets.
Newspaper Excerpt: Bank at Elk Mound Forced to Suspend... Announcement that the Bank of Elk Mound, Dunn county, has suspended because of decline in deposits and low assets was made this morning by the state banking department.
Source: newspapers

2. March 9, 1932 Reopening

Newspaper Excerpt: The institutions... the Bank Elk Elk Mound. Officials said the conditions the banks were such that their communities will not suffer materially from the closings. The banks have been reorganized. (report lists Bank Elk Mound among banks opened.)
Source: newspapers

Newspaper Articles (2)

1. April 18, 1931 Wisconsin State Journal Madison, WI

Article from Wisconsin State Journal, April 18, 1931

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Article Text

Bank at Elk Mound Forced to Suspend Announcement that the Bank of Elk Mound, Dunn county, has suspended because of decline in deposits and low assets was made this morning by the state banking department. The bank was organized in 1906 by Col. O. H. Ingram. E. S. Gregerson is president, A. B. Ausman, vice president, and E. W. Hanson, cashier. The bank is capitalized at $25,000 with a surplus of $1,500 and deposits of $136,000

2. March 9, 1932 The Oshkosh Northwestern Oshkosh, WI

Article from The Oshkosh Northwestern, March 9, 1932

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Article Text

CONFERS WITH KILEY REGARDING THE closed National of De Pere yesterday conferred Omer M Kiley, former De and cashier the bank, in here after about $100,000 of the funds. The receiver ed in his position. to state Howit was understood the discussions centered about Kiley might assist in untangling the bank's The banker held under $20,000 bond to await grand jury THREE BANKS OPEN. Stanley, banks closed several months ago because financial have opened for business in this territory. The institutions The Farmand Merchants bank. Stanley the Northwestern bank, Chippewa Falls, and the Bank Elk Elk Mound. Officials said the conditions the banks were such that "their communities will not suffer materially from the closings. The banks have been reorganized.