First National Bank - Shawano, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5469
Charter Number: 5469
Start Date: March 1, 1933*
Location: Shawano, Wisconsin (44.782, -88.609)

Metadata

Model: gpt-5-mini
Short Digest: 9b5f7f2a

Response Measures

None

Receivership Details

Depositor recovery rate: 3.0%
Date receivership started: 1933-10-26
Date receivership terminated: 1935-01-03
Share of assets assessed as good: 59.0%
Share of assets assessed as doubtful: 58.3%
Share of assets assessed as worthless: 12.2%

Description

Article reports the Comptroller naming a receiver (E. Van Vonderen) for the First National Bank of Shawano (Green Bay Press-Gazette, 1933-10-27). It says the bank had been operating under a conservator since the national bank holiday in the spring of 1933, implying an earlier suspension by government action; the receiver appointment indicates permanent closure. No run is described in the article.

Events (6)

1. June 29, 1900 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank placed under a conservator following the national bank holiday in spring 1933 (federal action during the banking crisis).
Newspaper Excerpt: operating under conservator since the national bank holiday last spring
Source: newspapers

3. October 26, 1933 Receivership

Source: historical_nic

4. October 27, 1933 Receivership

Newspaper Excerpt: VAN VONDEREN IS NAMED SHAWANO BANK RECEIVER ... appointment of E. Van Vonderen, Green Bay, receiver the First National bank at Shawano ... the bank, which has been operating under [a conservator] since the national bank holiday last spring, is liquidated.
Source: newspapers

5. January 3, 1935 Restored To Solvency

Source: historical_nic

6. February 27, 1935 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. October 27, 1933 Green Bay Press-Gazette Green Bay, WI

Article from Green Bay Press-Gazette, October 27, 1933

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Article Text

VAN VONDEREN IS NAMED SHAWANO BANK RECEIVER Appointment of E. Van Vonderen, Green receiver the First National bank at Shawano, announced today the comptroller of the Washington. taken mean the bank, which has been operating under since the national bank holiday last spring, is liquidated. Neither Anton Kuckuk, the conservator, nor Mr. Van Vonderen have received any details. Green Bay man planned go to Shawano this afternoon and investigate the situation not yet formally accepted the commission as receiver, stated.