Princeton State Bank - Princeton, WI

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: September 3, 1931
Location: Princeton, Wisconsin (43.851, -89.122)

Metadata

Model: gpt-5-mini
Short Digest: 75cc241c

Response Measures

Full suspension

Other: No additional measures described beyond suspension by state banking commission.

Description

Article (The Sheboygan Press, 1931-09-03) states the Princeton State Bank was suspended by the state banking commission and explicitly attributes the suspension to a run. No information in the article about reopening or receivership, so outcome is uncertain.

Events (2)

1. September 3, 1931 Run

Cause: Rumor Or Misinformation
Cause Details: Newspaper states a run on the bank caused the closing; no specific trigger described (reported simply as a run).
Newspaper Excerpt: A run on the bank caused the closing the commission said.
Source: newspapers

2. September 3, 1931 Suspension

Cause Details: State banking commission suspended the bank following a run; article does not specify government action as the primary cause (it reports suspension by commission after run).
Newspaper Excerpt: The Princeton State bank was suspended Wednesday, the state banking commission announced late Wednesday afternoon.
Source: newspapers

Newspaper Articles (1)

1. September 3, 1931 The Sheboygan Press Sheboygan, WI

Article from The Sheboygan Press, September 3, 1931

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Article Text

SUSPEND BANK Madison, Wis. The Princeton State bank was suspended Wednesday, the state banking commission announced late Wednesday afternoon. A run on the bank caused the closing the commission said. The bank has capital stock of $60,000; surplus of $25,000 and undivided profits of $200. Deposits were $575,000. C. A. Krueger is president of the bank, Frank Mueller is ce-president, and F. R. Mueller is cashier. The historic city of Jena in Germany is to be the possessor of the tallest building in Europe. It will be 24 stories high, reaching upward a distance of 280 feet.