53cb39f5Full suspension, Books examined
Other: Taken over by State Banking Commissioner (regulatory takeover/receivership action).
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TAKE OVER BANK MADISON, Wis.-The State Bank of Fennimore, organized In 1896 and having deposits of $818,349, was tak en over today by Calvin F. Schwenker, state banking commissioner. Heavy withdrawal of deposits was given as the cause for the bank's suspension. J. R. Villemonte is president and C. J. Nichaus, cashier.
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Fennimore Taken By United Press State Bank organized in 1896 and having deposits of $818,349, taken over today by Calvin Schwenker, state banking missioner. Heavy withdrawal of deposits given the cause the bank's suspension. Villemonte president and Niehaus, cashier.
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State Bank of Fennimore Suspends It was only small piece of white pended from drawn curtain the front what stir hubbub early Monday morning, when was discovered, people gathered in knots groups tell each other and startling event, and on the wings of the telephone the every nook and corner the small written these short fateful words: bank the hands of the of What was the cause the closing of such an old and stitution State Bank of Fennimore? same of other rebank assets and funds; and no doubt of the at the before was factor, people uneasy. particularly heavy on the bank, and strain proved more than could stand. Grant county had about deposited in the State Bank of Fennimore, according to county treasHounsell. thorough check-up is being made the banking department hoped satisfactory provided to enable the meantime, is well to ponder over and the suggestions made the timely article subject by Mayor Mauer and that of Graham.
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FENNIMORE SUSPENDED sign on the door the State bank here Monday, April that the place in the hands of the state banking commissioner. bank had nearly million dollars according its statement published last week. There are two banks in Fennimore, the State and the First National. Mr. and Mrs. Earl Smith of La Crosse spent with his father, William Smith. Wm. Rubin, MacArthur McKichan and Charles Roethe, students, were home for spring vacation. Mr. and Mrs. Sam Magee were in Friday, where he consulted Madison, in regard to an operation he will undergo in the near future. John Lund and family of Dalton, have the Dr. Marsden farm, former Louis McKee place, down Roger Mrs. Chris. Meyer died at her home near Woodman, Wednesday She is survived by husband and five sons. Burial made at Hope. Wilford Novinska, of John Mueller vinska, employed Plumbing Works at Madison; was for hernia the past week. erated Progressive republicans met here endorsed E. Tuffley Saturday Phi. Follette for for Reiss for governor torney general. Peacock family have Carson moved from Evansville, Wis,, to New where he is manager for Ulm, Minn., similar position but with Cudahy, good advancement. dealers of Southwestern Wisconsin had meeting and banquet the Fenway hotel Wednesday president of the McKichan, vice organization, sponsored event. The West Club were entertained dinner at the home Maso, Among Mrs. Frank M. Schleck those was of former resident here. Mrs. Chas. Horton was called the serious illness Enid, Okla., by Avis, Mrs. Byron Wynn, her daughter, taken ill while visthe latter being sister, Mabel, at iting Steinhofer of Lewiston, Mont., Dick visited Marshall, here Dick is the hardthe past and plumbing business once sheriff of the county where he resides. John Hill of Tomah, died at hosin where he pital few weeks before. treatment had visited his sisHill, Adam few Mrs. before to hospital. weeks going has remodeled his house building. first floor of opera will be used by the The entire Sales company. Jos. Auto his pool fixtures Kilby has building which the placed in good shape. Mrs. Elida son, Har- and Hinn of this city Hinn Texas, of John Hill tended funeral Tomah, Friday. daughter and sisHazel Ellis, of Madison, uptheir home. Mrs. Silas Funeral for held afterchurch with burial noon the B. beside her huswas the band. aged widow of Silas for many here. Mrs. Mrs. by only of III., with Gus whom she made her home.
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Close Second Within Year Banks at Cassville and Belmont Closed. May Open Fennimore Institution. The Farmers and Merchants bank Richland Center closed its doors Saturday night and failed Monday This bank close within the past that city. Heavy withdrawals of deposits made during the past week and officers of the bank voted close Saturday depositors from loss. According to reports the institution solvent and an attempt will be made to liquidate the the end that all deposits will be paid full. Latest authentic information from banking circles that re-organization expected within short time and the bank reopened for business. Irving Backus of the state banking took charge bank Monday morning and making complete check the fairs. The Badger State bank Cassville the State bank at Belmont closed their doors during the past with frozen assets and heavy given the reason. Cassville bank the third close Grant county within the past weeks, Reports from Fennimore that the bank's bond county depository will pool their State bank which Monday last Considerable been offered the institution and prospects for its re-opening this time.
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Talk of Fennimore Bank Soon FENNIMORE The State Bank of Fennimore which surrendered to the state banking department about month ago. will hold special stockholders' meeting Saturday afternoon to discuss plans for reorganizing and opening the bank. It is believed that new officers and directors will be elected at the meet-
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Talk Reorganization of Fennimore Bank Soon FENNIMORE The State Bank Fennimore, which was surrendered to the state banking department about month ago, will hold special stockholders' meeting Saturday afternoon to discuss plans for reorganizing and the bank is believed that new officers and directors will be elected at the meeting.