Commercial National Bank - Fond du Lac, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6015
Charter Number: 6015
Start Date: December 1, 1933*
Location: Fond du Lac, Wisconsin (43.773, -88.447)

Metadata

Model: gpt-5-mini
Short Digest: 6a35bacd

Response Measures

None

Receivership Details

Depositor recovery rate: 96.2%
Date receivership started: 1934-01-02
Date receivership terminated: 1941-08-30
Share of assets assessed as good: 40.4%
Share of assets assessed as doubtful: 57.2%
Share of assets assessed as worthless: 2.4%

Description

Article (Mar 12, 1934) reports RFC loaned $250,000 to Commercial National bank of Fond du Lac (conservator) for loans made in December. This indicates the bank was placed under conservatorship (government action). The article does not describe a depositor run or a reopening; conservatorship implies closure/administrative takeover. Date of conservatorship is not explicitly given; RFC loans were in December (presumably Dec 1933).

Events (4)

1. November 9, 1901 Chartered

Source: historical_nic

2. December 1, 1933* Receivership

Newspaper Excerpt: Commercial National bank of Fond du Lac, (conservator) $250,000.
Source: newspapers

3. December 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank was under a conservator (government-appointed conservatorship/administrative takeover) and received RFC loan support in December; suspension appears to be by government action.
Newspaper Excerpt: Commercial National bank of Fond du Lac, (conservator) $250,000.
Source: newspapers

4. January 2, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. March 12, 1934 The Rhinelander Daily News Rhinelander, WI

Article from The Rhinelander Daily News, March 12, 1934

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Article Text

RFC LOANED $600,000 TO WISCONSIN BANKS Bank of Tomahawk among Group Listed as Receiving Money in December. WASHINGTON. March 12 (AP) Wisconsin banks received loans from the Reconstruction Finance Corporaation totaling $607,200 during Dc. cember. according to the figures released by the corporation today. The hanks and loans follow: Bank of Tomahawk (receiver). $70,000. Northwestern State bank, Cumberland. $3,000. Bank of Edgar, $14,200. Commercial National bank of Fond du Lac, (conservator) $250,000. Gateway City bank, La Crosse, (re. ceiver) $60,000. Security Savings bank (receiver) $113,000. Leapolis State bank, $5,000. Bank of Mindora (recelver). $45,000. Onalaska State bank (receiver) $35,000. Rockland State bank (receiver) $12,000.