Exchange Bank - Hixton, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 17, 1897
Location: Hixton, Wisconsin (44.386, -91.014)

Metadata

Model: gpt-5-mini
Short Digest: a42edc12

Response Measures

None

Description

The June 17, 1897 examiner's report explicitly lists 'Exchange bank, Hixton' among banks that 'have gone out of business.' The article gives no description of a run or reopening, so this is classified as a suspension/closure. Bank type inferred as 'private' because the name lacks 'National' or 'State' and the examiner lists private banks separately; however the article does not state the charter type.

Events (1)

1. June 17, 1897 Suspension

Cause Details: Listed as having 'gone out of business' in the bank examiner's report; no specific cause given.
Newspaper Excerpt: The following banks have gone out of business: Exchange bank, Alma Center: Exchange bank. Hixton.
Source: newspapers

Newspaper Articles (1)

1. June 17, 1897 Mineral Point Tribune Mineral Point, WI

Article from Mineral Point Tribune, June 17, 1897

Click image to open full size in new tab

Article Text

EXAMINER KIDD'S FOURTH SEMIANNUAL REPORT. BIG INCREASE IN DEPOSITS Since December There Has Also Been a Healthy Growth in Loans-Depositors May Get no Dividend From Superior State Trust & Saving Bank and Eau Claire Commercial. Bank Examiner E. I. Kidd submitted his fourth semi-annual report to the governor Monday. He says that the whole number of institutions under his charge is 286, divided as follows: State banks, 130; private barks, 107; savings bank, 1: building and loan as sociations, 48. The aggregate authorized capital of the state banks is $6,558,700, and the reported capitalization of private banks, $1,125,986.26. The total assets of all the banks was $42,062,136.14, of which $11,034,205.92 represents moneys of all kinds, and The examiner says: "The work of making the regular annual examinations of these institutions is in progress at the present time and will be completed before July 3 next, the close of the year. The new banks organized with name, location and capitalization are as follows: "State Banks-Meinhard bank, Burlington, $25,000; Farmers State bank, Darien, $25,000; Bank of Hudson, Hudson, $25,000; Commercial State bank, Medford, $25,000 "Private Banks-Merchants & Savings Bank, Kenosha, no capital: Victor E. Huntzicker. Neillsville, $20,000. "The capital stock of the following banks vas, upon application of the stockholders, reduced by act of the legislature as follows: Citizens bank. Whitewater, from $75,000 to $50,000: German American bank, Oshkosh, from $150,000 to $100,000 "The following banks have gone out of business: Exchange bank, Alma Center: Exchange bank. Hixton. "The total number of banks which have suspended since the last report is four. as follows: Bank of Superior, Superior: Bank of West Superior, West Superior: State Trust & Savings bank. West Superior: Commercial bank. Eau Claire. The aggregate assets and liabilities of these institutions at the time of failure was $476,790 with an aggregate amount due depositors of $282,028.15. I am informed by the receivers of the two first named banks that while the process of closing up the business will be slow there is a reasonable certainty of the depositors being paid in full. An examination of the State Trust & Savings bank of West Superior made by myself on the 5th of February. showed that its capital was impaired to an extent which seriously jeop-