State Bank - Oconto Falls, WI

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: August 5, 1931
Location: Oconto Falls, Wisconsin (44.874, -88.143)

Metadata

Model: gpt-5-mini
Short Digest: 7cb553d2

Response Measures

Full suspension

Description

Article (Lincoln Journal Star, 1931-08-06) reports the State Bank of Oconto Falls failed to open Wednesday because of heavy withdrawals. I inferred the suspension/run date as 1931-08-05 (Wednesday before publication). No information on receivership, takeover, or reopening was provided, so outcome is unclear.

Events (2)

1. August 5, 1931 Run

Cause Details: Heavy withdrawals (run) led to inability to open; article gives no specific trigger (no rumor or bank-specific failure cited).
Newspaper Excerpt: failed to open Wednesday because of heavy withdrawals
Source: newspapers

2. August 5, 1931 Suspension

Cause Details: Bank failed to open (suspended payments) on Wednesday due to heavy withdrawals; article does not state government action or voluntary liquidation.
Newspaper Excerpt: failed to open Wednesday because of heavy withdrawals
Source: newspapers

Newspaper Articles (1)

1. August 6, 1931 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, August 6, 1931

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Article Text

TWO BANKS SHUT UP DOORS IN WISCONSIN MADISON, Wis. (P). Two Wisconsin banks, the State bank of Oconto Falls, with deposits of $308,000, and the Farmers & Merchants State bank at Chetka, with deposits totaling $208,000, failed to open Wednesday because of heavy withdrawals, the state banking department announced.