Sauk Bank - Prairie du Sac, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 5, 1925
Location: Prairie du Sac, Wisconsin (43.287, -89.724)

Metadata

Model: gpt-5-mini
Short Digest: a8fbeb58

Response Measures

None

Description

Article (Feb 5, 1925) states the delinquent Sauk Bank's affairs were placed in hands of a special deputy commissioner by the state banking commissioner, equivalent to a receiver. No mention of a depositor run; this appears to be a regulatory closure/receivership.

Events (2)

1. February 5, 1925 Receivership

Newspaper Excerpt: W. A. Schreiber ... has been appointed special deputy commissioner and the affairs of the bank have been placed into his hands by the state banking commissioner. Mr. Schreiber's office in the matter is the same as a receiver in bankruptcy proceedings, and he will look after the interests of the creditors of the bank.
Source: newspapers

2. February 5, 1925 Suspension

Cause: Government Action
Cause Details: State banking commissioner intervened and placed the bank's affairs into a special deputy commissioner's hands due to delinquency.
Newspaper Excerpt: the affairs of the bank have been placed into his hands by the state banking commissioner.
Source: newspapers

Newspaper Articles (1)

1. February 5, 1925 Baraboo Weekly News Baraboo, WI

Article from Baraboo Weekly News, February 5, 1925

Click image to open full size in new tab

Article Text

Appoint Man To Look After Sauk Bank Creditors W. A. Schreiber, íormer cashier of the delinquent Sauk Bank, at Prairie du Sac, has been appointed special deputy commissioner and the affairs of the bank have been placed into his hands by the state banking commissioner. Mr. Schreiber's office in the matter is the same as a receiver in bankruptcy proceedings, and he will look after the interests of the creditors of the bank.