22841. Plum City State Bank (Plum City, WI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 15, 1930
Location
Plum City, Wisconsin (44.629, -92.192)

Metadata

Model
gpt-5-mini
Short Digest
c57c848b

Response Measures

None

Description

The bank suspended July 15, 1930 because [of] gradual withdrawal [of] deposits and reopened about a year later (reopened July 14, 1931) with original capitalization. No explicit run (misinformation-driven) described; the article attributes suspension to gradual withdrawals, so I classify this as a suspension followed by reopening.

Events (2)
1. July 15, 1930 Suspension
Cause Details
Suspended due to gradual withdrawal [of] deposits per banking department; directors placed deposits in hands of department.
Newspaper Excerpt
Another state bank was reopened for business today... Almost year ago to the day, on July 15. 1930, suspended.
Source
newspapers
2. July 14, 1931 Reopening
Newspaper Excerpt
Plum City State Bank Reopened... Bank, Suspended Year Ago, Opens With Original Capitalization... The bank open today the Plum City State reopens with its previous capitalization, $10,000.
Source
newspapers

Newspaper Articles (2)
1. July 16, 1930 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, July 16, 1930

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Article Text

PLUM CITY STATE BANK SUSPENDED Madison, the state bank of Plum City, the close of business yesterday announced by the banking partment here today The bank, capitalized $10,000 deposits placed in hands of the department the directors Lecause gradual withdrawal deposits. The bank had surplus $3.000 The officers the bank William Johnson. president: Lewis. vice and Roy Harmer, cashier.

2. July 14, 1931 The Capital Times Madison, WI
Article from The Capital Times, July 14, 1931

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Article Text

Plum City State Bank Reopened Bank, Suspended Year Ago, Opens With Original Capitalization Another state bank was reopened for business today following reorganization under supervision the state banking department. The bank open today the Plum City State reopens with its previous capitalization, $10,000. Officers Patridge, president: Early Johnson, president; and George H. Plucinski, cashier. Almost year ago to the day, on July 15. 1930, suspended.