Citizens National Bank - Stoughton, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9304
Charter Number: 9304
Start Date: January 1, 1934*
Location: Stoughton, Wisconsin (42.917, -89.218)

Metadata

Model: gpt-5-mini
Short Digest: e0fccb5c

Response Measures

None

Receivership Details

Depositor recovery rate: 78.5%
Date receivership started: 1934-01-10
Date receivership terminated: 1940-01-19
Share of assets assessed as good: 33.4%
Share of assets assessed as doubtful: 52.2%
Share of assets assessed as worthless: 14.3%

Description

Article (The Capital Times, 1934-08-15) states the Citizens National Bank of Stoughton was closed and had been in receivership since January 1934; funds being released by the receiver in August. No run is described. Classification: suspension leading to permanent closure/receivership.

Events (5)

1. January 2, 1909 Chartered

Source: historical_nic

2. January 1, 1934* Receivership

Newspaper Excerpt: The bank went receivership last January. Release of these frozen funds authorized by the bank's receiver, Olejniczak.
Source: newspapers

3. January 1, 1934* Suspension

Cause: Government Action
Cause Details: Bank entered receivership in January 1934 (closed and placed in receivership by authorities).
Newspaper Excerpt: Stoughton, closed Citizens' National bank ... The bank went receivership last January.
Source: newspapers

4. January 10, 1934 Receivership

Source: historical_nic

5. August 16, 1934 Other

Newspaper Excerpt: Stoughton Bank Frees $113,989 ... Release Funds Thursday Is Authorized Receiver ... will release per cent of the total deposits, Thursday morning.
Source: newspapers

Newspaper Articles (1)

1. August 15, 1934 The Capital Times Madison, WI

Article from The Capital Times, August 15, 1934

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Article Text

Stoughton Bank Frees $113,989 Release Funds Thursday Is Authorized Receiver STOUGHTON, closed Citizens' National bank will release per cent of the total deposits, Thursday morning. was announced today. The release these "frozen" funds authorized by the bank's receiver, Olejniczak. The bank went receivership last January.