Door County State Bank - Sturgeon Bay, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 21, 1931
Location: Sturgeon Bay, Wisconsin (44.834, -87.377)

Metadata

Model: gpt-5-mini
Short Digest: e872e272

Response Measures

None

Description

Article (Wisconsin State Journal, 1931-09-21) reports the Door County State Bank fails to open, directors acted to protect depositors, and the bank was placed in the hands of the state banking department. No explicit run is mentioned. OCR errors corrected (e.g., not for today -> not open today).

Events (2)

1. September 21, 1931 Receivership

Newspaper Excerpt: The bank's placed in hands the state banking department.
Source: newspapers

2. September 21, 1931 Suspension

Cause: Government Action
Cause Details: Directors placed the bank in hands of the state banking department to protect depositors after it failed to open; state banking department assumed control.
Newspaper Excerpt: County State Bank Fails to Open Directors Act to Protect Depositors STURGEON BAY (U.P.) The Door County State bank not for today action taken board protect depositors. deposits faster than possible to reduce the cause. The bank's placed in hands the state banking department.
Source: newspapers

Newspaper Articles (1)

1. September 21, 1931 Wisconsin State Journal Madison, WI

Article from Wisconsin State Journal, September 21, 1931

Click image to open full size in new tab

Article Text

County State Bank Fails to Open Directors Act to Protect Depositors STURGEON BAY (U.P.) The Door County State bank not for today action taken board protect depositors. deposits faster than possible to reduce the cause. The bank's placed in hands the state banking department.