Wisconsin State Bank - Stevens Point, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 11, 1931
Location: Stevens Point, Wisconsin (44.524, -89.575)

Metadata

Model: gpt-5-mini
Short Digest: ad4d2935

Response Measures

None

Description

Article (Nov 11, 1931) reports the Wisconsin State Bank of Stevens Point has suspended business and placed its affairs [in] control of state banking department at the request of the directors. Mentions arrests of board members and federal raids; no mention of reopening. Classified as suspension leading to closure.

Events (1)

1. November 11, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors and nearly 50 persons were placed under arrest following federal raids the prior month; board sought state banking department control.
Newspaper Excerpt: Stevens Point, Wis. The Wisconsin State Bank of Stevens Point has suspended business and placed its affairs control of state banking departmetn the request of the directors.
Source: newspapers

Newspaper Articles (1)

1. November 11, 1931 The Oshkosh Northwestern Oshkosh, WI

Article from The Oshkosh Northwestern, November 11, 1931

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Article Text

BANK IS SUSPENDED Stevens Point, Wis. The Wisconsin State Bank of Stevens Point has suspended business and placed its affairs control of state banking departmetn the request of the directors. The (Steinman and Heinzel were two board wished to conthe nearly 50 persons placed serve the assets of the bank. der arrest result of federal raids here last month. Heinzel's WINNECONNE MAN'S tablishment West Algoma street was one of the better known of the FUNERAL THURSDAY 29 soft drink parlors visited simultaneously by dry agents.) Winneconne, Wis. (Special)