Two Rivers Savings Bank - Two Rivers, WI

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: savings bank
Start Date: May 1, 1893*
Location: Two Rivers, Wisconsin (44.154, -87.569)

Metadata

Model: gpt-5-mini
Short Digest: 1d937304

Response Measures

Full suspension

Other: Assignee (J. E. Hamilton) appointed; bank closed and placed in hands of assignee (receiver).

Description

Article (Manitowoc Pilot, 1893-06-08) reports a three-week quiet run on Two Rivers Savings Bank which culminated in the bank closing its doors after news that the State Bank of the city had succumbed. Suspension was necessary and J. E. Hamilton was made the assignee (receiver). Classified as run leading to suspension and permanent closure/receivership.

Events (3)

1. May 1, 1893* Run

Cause: Local Banks
Cause Details: Run intensified after news that the State Bank of the city had succumbed (failure of another local bank).
Newspaper Excerpt: There was a quiet run on it for the last three weeks.
Source: newspapers

2. June 6, 1893 Receivership

Newspaper Excerpt: J. E. Hamilton was made the assignee of the bank.
Source: newspapers

3. June 6, 1893 Suspension

Cause: Local Banks
Cause Details: Suspension forced by heavy withdrawals following the failure of the State Bank of the city which triggered a stronger run on this bank.
Newspaper Excerpt: THE Two Rivers bank closed its doora on Tuesday morning. ... the run became such that suspension was necessary.
Source: newspapers

Newspaper Articles (1)

1. June 8, 1893 The Manitowoc Pilot Manitowoc, WI

Article from The Manitowoc Pilot, June 8, 1893

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Article Text

THE Two Rivers bank closed its doora on Tuesday morning. There was a quiet run on it for the last three weeks. When it was learned that the State Bank of this city had succumbed the run became such that suspension was necessary. J. E. Hamilton was made the assignee of the bank.