Rockland State Bank - Rockland, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1933*
Location: Rockland, Wisconsin (43.906, -90.919)

Metadata

Model: gpt-5-mini
Short Digest: 4056dda2

Response Measures

None

Description

Contemporary newspaper reports (Mar 1934) list Rockland State Bank as '(receiver)' receiving an RFC loan of $12,000 for December. No article mentions a depositor run or reopening; the bank was in receivership, implying suspension and closure. The December referenced is likely Dec 1933 (articles are Mar 1934).

Events (1)

1. December 1, 1933* Receivership

Newspaper Excerpt: Rockland State bank (receiver) $12,000.
Source: newspapers

Newspaper Articles (3)

1. March 12, 1934 The Rhinelander Daily News Rhinelander, WI

Article from The Rhinelander Daily News, March 12, 1934

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Article Text

RFC LOANED $600,000 TO WISCONSIN BANKS Bank of Tomahawk among Group Listed as Receiving Money in December. WASHINGTON. March 12 (AP) Wisconsin banks received loans from the Reconstruction Finance Corporaation totaling $607,200 during Dc. cember. according to the figures released by the corporation today. The hanks and loans follow: Bank of Tomahawk (receiver). $70,000. Northwestern State bank, Cumberland. $3,000. Bank of Edgar, $14,200. Commercial National bank of Fond du Lac, (conservator) $250,000. Gateway City bank, La Crosse, (re. ceiver) $60,000. Security Savings bank (receiver) $113,000. Leapolis State bank, $5,000. Bank of Mindora (recelver). $45,000. Onalaska State bank (receiver) $35,000. Rockland State bank (receiver) $12,000.

2. March 12, 1934 Green Bay Press-Gazette Green Bay, WI

Article from Green Bay Press-Gazette, March 12, 1934

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Article Text

SCHAFER, IBACH TO MAKE PLEA WASHINGTON Badger Commissioners Will Present Statistics at Capital. MADISON, Wis Immediate by the Federal purchase tion Finance corporation of 000 of bank debentures will be sought by Wisconsin banking officials at at Washington early this week. Stanley N Schafer and Herbert Ibach of the state department, planned to leave for the meeting prepared present statistics on the condition of bank directors the RFC in an effort to hasten the release of federal funds needed to restore many Wisconsin banks possible to unrestricted The being made on the advice of Crowley. member of the Wisconsin banking review board who now chairman of the Federal Deposit Insurance corporation at Washington. Seek Faster Recovery Plans also are being considered for changes in the corporation's supervision over Wisconsin banks in which has invested which it believed will hasten restoration. The corporation's purchase of $2.$65,000 of debentures has the application 40 Wisconsin banks facilitated the opening of 10 stabilized and two reorganized state banks. releasing tied-up deposits totaling $3,the Wisconsin banking officials have cipated the purchase of of in this state by the RFC. of which state banks have applied for 000 in addition to the sum The believe they can the RFC directors there should be no further delay meeting the balance of the state banks applications. Looks More Hopeful "The situation looks more hopeful now than has since the RFC began buying debentures,' said Ibach. Debenture have held up in part by the corporation's attorneys who demanded clear interpretation the liability imposed on certain Wisconsin banks by statutes. LOANS TO BADGER BANKS WASHINGTON Wisconsin banks loans from the Reconstruction Finance Corp. totaling during according to figures released by the corporation today The banks and loans follow: Northwestern State bank, Cumber. Bank of Edgar $14,200 National bank of Fond du Lac (conservator) Gateway City bank, La Crosse (receiver) Security Savings bank (receiver) Leopolis State bank $5,000. Bank of Mindora (receiver), $45.000 Onalaska State bank (receiver) Rockland State bank (receiver) Bank of Tomahawk $70,000.

3. March 13, 1934 Leader-Telegram Eau Claire, WI

Article from Leader-Telegram, March 13, 1934

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Article Text

RFC Loans to Banks in Listed WASHINGTON, March consin banks received from Reconstruction Finance corporation totaling during December, according the figures released by The banks loans follow State Bank, Cumberland, Bank Edgar, National Bank Fond du Lac $250,000. Gateway City Bank, Crosse (Receiver) $60,000. Security Savings Bank (Receiver) $113,000. Leopolis State Bank. $5,000. Bank of Mindora (Receiver), $45,000. Onalaska State Bank (Receiver) Rockland State Bank (Receiver), Bank of Tomahawk $70,000. device has recently been placed production England that ders unnecessary motor