First National Bank - Racine, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 457
Charter Number: 457
Start Date: November 1, 1930*
Location: Racine, Wisconsin (42.726, -87.783)

Metadata

Model: gpt-5-mini
Short Digest: e94c6b21

Response Measures

None

Description

Article describes the First National Bank closing and a receiver obtaining judgment against debtors after the bank closed. The text reads 'which closed last No.' (OCR) — likely 'last Nov.' so I infer the bank closed in November 1930 and remained closed with a receiver active as of the article date (1931-04-06). No explicit run is mentioned in the provided excerpt. Classified as suspension_closure (suspension followed by permanent closure/receivership).

Events (3)

1. June 6, 1864 Chartered

Source: historical_nic

2. November 1, 1930* Suspension

Cause: Government Action
Cause Details: Bank had closed (ceased operations) and a receiver was appointed; closure appears to be an enforced failure resulting in receivership.
Newspaper Excerpt: BANK RECEIVER GETS JUDGMENT OF $155,000 ... the First National bank which closed last No.
Source: newspapers

3. April 6, 1931 Receivership

Newspaper Excerpt: BANK RECEIVER GETS JUDGMENT OF $155,000 ... the First National bank which closed last No. judgments in the circuit for against 16 prominent residents ... loans prior to its closing.
Source: newspapers

Newspaper Articles (1)

1. April 6, 1931 The Journal Times Racine, WI

Article from The Journal Times, April 6, 1931

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Article Text

choir and an orchestra. which were advocated by Rider. BANK RECEIVER GETS JUDGMENT OF $155,000 April Horthe First National bank which closed last No. judgments in the circuit for against 16 prominent residents of this city who had made loans from the prior to its closing. The the loans to