Merchants & Farmers State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 17, 1930
Location: Fall Creek, Wisconsin (44.764, -91.277)

Metadata

Model: gpt-5-mini
Short Digest: c1dc3e61

Response Measures

None

Description

State banking department announced suspension June 17, 1930 due to withdrawals and frozen assets. Article says future undecided, so final disposition is not given; classified as suspension_closure as the suspension appears driven by bank-specific asset problems and heavy withdrawals (likely leading to permanent closure), but permanent closure is not explicitly confirmed.

Events (1)

1. June 17, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Withdrawal of deposits and frozen assets led the state banking department to suspend the bank's operations; indicates asset problems and insolvency pressure.
Newspaper Excerpt: Suspensions of the Merchants and Farmers' State bank of Fall Creek (Eau Claire county) was announced by the state banking department today. Withdrawal of deposits and frozen assets caused the closing of the institution, the department said.
Source: newspapers

Newspaper Articles (1)

1. June 18, 1930 Leader-Telegram Eau Claire, WI

Article from Leader-Telegram, June 18, 1930

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Article Text

Fall Creek Bank Suspended, May Be Reorganized (By Associated Press) MADISON, Wis., June 17-Suspensions of the Merchants and Farmers' State bank of Fall Creek (Eau Claire county) was announced by the state banking department today. Withdrawal of deposits and frozen assets caused the closing of the institution, the department said The March 27 state bank call showed the bank to be capitalized at $15,000 with deposits of $136,030.50. Officers are Gustave Roessler, president; Otto A. Petrick, vice prestdent and Edward Zetzman, cashier Future Undecided. FALL CREEK, June 17, (Special) -The future of the Merchants and Farmers State bank of Fall Creek suspended Tresday by the state banking department, rests with the stockholders, stated Gustave Roesser, president, after learning of he state depar ment's action The