Bank of Superior - Superior, WI

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: December 28, 1898
Location: Superior, Wisconsin (46.721, -92.104)

Metadata

Model: gpt-5-mini
Short Digest: d19d6afe

Response Measures

Full suspension

Other: Bank expected to be able to liquidate in full unless assets decline; deposits mostly small amounts noted in article. No receivership or reopening information provided.

Description

Article (dated Jan 1, 1899) reports a suspension announced Dec 28 in West Superior, WI, owing to a threatened run. No later article here indicates reopening or permanent closure, so outcome is unclear. I interpreted the Dec 28 dateline as 1898 (newspaper published Jan 1, 1899).

Events (2)

1. December 28, 1898 Run

Cause: Rumor Or Misinformation
Cause Details: Threatened run/nervous withdrawals; article does not cite bank-specific insolvency or external shock.
Measures: Bank suspended payments (suspension announced same day).
Newspaper Excerpt: suspended to-day on account of its run with which they were threatened.
Source: newspapers

2. December 28, 1898 Suspension

Cause: Rumor Or Misinformation
Cause Details: Suspension triggered by threatened run/nervousness among depositors; paper notes deposits small and bank expects to liquidate in full unless assets decline further.
Newspaper Excerpt: The Bank of Superior ... suspended to-day on account of it run with which they were threatened.
Source: newspapers

Newspaper Articles (1)

1. January 1, 1899 The State Herald Holyoke, CO

Article from The State Herald, January 1, 1899

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Article Text

Bank of Superior Falls Wilwaukee, Wis., Dec. 28.-A special to the Evening Wisconsin from West Superior says: The Bank of Superior, doing business at the east end. suspended to-day on account of it run with which they were threatened. The deposits are mostly in small amounts and the bank expects to be able to liquidate in full unless there is a continual decline of assets. The city of Superior has $13,210 In the bank, making nearly $30,000 lost by the city during the past week. The bank was organized In 1885.