Bank of Sheboygan - Sheboygan, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1912*
Location: Sheboygan, Wisconsin (43.751, -87.715)

Metadata

Model: gpt-5-mini
Short Digest: 46631d88

Response Measures

None

Description

Article (Eagle River Review, 1912-06-21) states 'the suspension of the bank at Sheboyagan a few weeks since' and connects that suspension to subsequent failure at Ironwood. The article does not describe a depositor run or a reopening; language implies lasting trouble, so classified as suspension leading to closure. Cause for the Sheboygan suspension is not specified in the text.

Events (1)

1. May 1, 1912* Suspension

Cause Details: Article does not specify why the Bank of Sheboygan suspended; mentions its late president had interests connected to Ironwood and links the Sheboygan suspension to later Ironwood failure.
Newspaper Excerpt: the suspension of the bank at Sheboyagan a few weeks since
Source: newspapers

Newspaper Articles (1)

1. June 21, 1912 Eagle River Review Eagle River, WI

Article from Eagle River Review, June 21, 1912

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Article Text

The Bank of Ironwood closed its doors several days ago and it is now said the depositors will get about 10 cents on the dollar, the suspension of the bank at Sheboyagan a few weeks since brought about its undoing. The late Fred Karste who was president of the bank at Sheboyagan was largely interested in the Ironwood bank, that place had a bank failure a few years ago that made quite a noise in the banking world, it has not been intimated SO far that the financial trouble in either case was caused from having their funds lent out in small amounts to poor citizens of their own town, for as a rule bank officials who have many thousands to put into western irrigation bonds, southern reclaimation projects, any kind of a mining stock, are very cautious in regard to the poor man who wants bank assistance.