State Bank - Milwaukee, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 23, 1932
Location: Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model: gpt-5-mini
Short Digest: 62b5fe6c

Response Measures

None

Description

Article (Nov 23, 1932) reports the bank 'collapsed' and a receiver (Hugo Hering) is handling affairs; former employees arrested for forgery/embezzlement. No mention of a depositor run prior to closure, so classified as a suspension/closure due to adverse bank-specific information (embezzlement/forgery).

Events (2)

1. November 23, 1932 Other

Newspaper Excerpt: MILWAUKEE Nov. former employes the State bank, the affairs which being Investigated John hearing before Judge George Page, named today in warrants charging ... Hugo Hering, receiver the bank, approximately $42,The warrant against Ehlers WUS based voluntary confession Hering said he obtained from teller after bank collapsed.
Source: newspapers

2. November 23, 1932 Receivership

Newspaper Excerpt: Hugo Hering, receiver the bank, approximately $42,... Hering said he obtained from teller after bank collapsed.
Source: newspapers

Newspaper Articles (1)

1. November 23, 1932 The Rhinelander Daily News Rhinelander, WI

Article from The Rhinelander Daily News, November 23, 1932

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Article Text

FORMER BANK AIDES NAMED IN WARRANTS MILWAUKEE Nov. former employes the State bank, the affairs which being Investigated John hearing before Judge George Page, named today in warrants charging 11. Buchenberger, former sistant cashier, and Ehiers, former assistant in warrants by the district office Hugo Hering, receiver the bank, approximately $42,The warrant against Ehlers WUS based voluntary confession Hering said he obtained from teller after bank collapsed. detective who ordered to Eliters reported him suffering skull received last Sunday he Garland Grange game Tenn. He will be kept der guard until recovers sufficiently Dist. George Bowman auth. the warrant against Buchenberger when Was he legedly forged notes he of bank funds speculated the market margin. Bonding compthe said, made loss, but the remaindremains Enter's totaled the By using stained