Article Text
Juneau County Bank Closed Yesterday Madison, Wis., Mar. The Lyndon state bank at Lyndon station Juneau county closed because of frozen defaulted liens, according the banking department.
22670. Lyndon State Bank (Lyndon Station, WI)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- March 26, 1931
- Location
- Lyndon Station, Wisconsin (43.712, -89.900)
Metadata
- Model
- gpt-5-mini
- Short Digest
5b994ee9
Response Measures
None
Description
Multiple contemporary articles (Mar 26, 1931) report the Lyndon State Bank was suspended/closed by the state banking commissioner because of frozen/defaulted liens and frozen assets. Subsequent article (Jul 16, 1931) indicates the bank remained closed and a former cashier was arrested on charges related to false entries/embezzlement, supporting permanent closure rather than a temporary suspension/reopening. Deposits were reported about $241,954. No run on the bank is described in the articles.
Events (2)
1.
March 26, 1931
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed/suspended because of frozen/defaulted liens and frozen assets reported by the banking department; insolvency related to bad/frozen assets.
- Newspaper Excerpt
- Lyndon State Bank is Suspended Today ... Closing of the Lyndon State bank, Lyndon Station, Juneau county, with deposits of $241,954, was announced today by Calvin F. Schwenker, state bankin commissioner. Frozen assets wer blamed.
- Source
- newspapers
2.
July 16, 1931
Other
- Newspaper Excerpt
- The bank was closed last spring. ... former cashier ... released on bond after being examined on charges making false entries ... following recovery, released total bond after being examined on ten more yesterday. ... The bank was closed last spring. (reports arrest of former cashier tied to alleged embezzlement/false entries).
- Source
- newspapers
Newspaper Articles (3)
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Article Text
Lyndon State Bank is Suspended Today Madison, Wis.-(U.P)-Closing of the Lyndon State bank, Lyndon Station, Juneau county, with deposits of $241,954, was announced today by Calvin F. Schwenker, state bankin commissioner. Frozen assets wer blamed. The bank was organized 1912. D. J. Puffer was president James Costigan vice president, an Frank McQuillan cashier. Phone 5121 for your Want Ads
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Article Text
Release Juneau Co. Banker Under Bonds Mauston, LeRoy Marquette, former cashthe Lyndon (Wis.) State bank, who himself shortly af ter arrest for illegal from the institution, and was for trial following recovery, released total bond after being examined on ten more yesterday. His first bond was $6,000. This was increased $4,000 yesterday the preliminary hearing charges making false entries, straction and funds. The bank was closed last spring.