Farmers & Merchants Bank (Bangor, WI)

Episode Information

Episode UID
4007583891243
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
400758389 hash
Start Date
July 16, 1903
Location
Bangor, Wisconsin (43.893, -90.990)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2bab3ca55a541ec4

Response Measures

None

Description

OCR variants of receiver name (Koeler/Koehler) appear across articles.

Events (4)
1. July 16, 1903 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by internal mismanagement and resulting inability to meet withdrawals.
Newspaper Excerpt
The trouble was precipitated by a run on the Bangor bank, which It was unable to meet.
Source
newspapers
2. July 16, 1903 Suspension
Cause
Government Action
Cause Details
Bank examiner intervened and placed the bank practically in his control pending sale or receivership.
Newspaper Excerpt
the Farmers' and Merchants' bank of Bangor are both practically in the hands of Bank Examiner Berg. ... the latter will be sold or a receiver will be appointed.
Source
newspapers
3. August 3, 1903 Receivership
Newspaper Excerpt
State Commissioner of Banking M. C. Bergh yesterday appointed Emil Koeler as receiver for the embarrassed Farmers' & Merchants Bank of Bangor.
Source
newspapers
4. December 29, 1903 Receivership
Newspaper Excerpt
Receiver E. Koehler of the defunct Farmers' and Merchants' bank announces that a first dividend will be paid depositors this week
Source
newspapers

Newspaper Articles (10)
1. July 17, 1903 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, July 17, 1903

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Article Text

Two Wisconsin Banks in Trouble. LaCrosse, Wis., July 17.-Owing to a series of misfortunes the West Salem Exchange bank and the Farmers' and Merchants' bank of Bangor are both practically in the hands of Bank Examiner Berg. The former will be reorganized; the latter will be sold or a receiver will be appointed. It is said D. D. Samuels, vice president of the Bangor bank and president of the Exchange bank, will withdraw from both. The trouble was precipitated by a run on the Bangor bank, which It was unable to meet.

2. July 17, 1903 The Sun New York, NY
Article from The Sun, July 17, 1903

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Article Text

Two Wisconsin Banks in Trouble. LA CROSSE. Wis., July 16.-Owing to a series of misfortunes the West Salem Exchange Bank and the Farmers & Merchants' Bank of Bangor are in the hands of Bank Examiner Berg. The former will he reorganized, and the latter will either be sold or placed in the hands of a receiver.

3. July 22, 1903 Watertown Republican Watertown, WI
Article from Watertown Republican, July 22, 1903

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Article Text

Two Banks Closed. La Crosse, Wis., July 16.-Owing to a series of misfortunes the West Salem Exchange bank and the Farmers' and Merchants' bank of Bangor are both practically in the hands of Bank Examiner Berg. The former will be reorganized; the latter will be sold or a receiver will be appointed. The trouble is attributed to mismanagement.

4. July 23, 1903 The Manitowoc Pilot Manitowoc, WI
Article from The Manitowoc Pilot, July 23, 1903

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Article Text

Two Banks Closed. La Crosse, Wis., July 16.-Owing to a series of misfortunesthe West Salem Exchange bank and the Farmers and Merchants' bank of Bangor are both practically in the hands of Bank Examiner Berg. The former will be reorganized; the latter will be sold or a receiver will be appointed. The trouble is attributed to mismanagement.

5. July 23, 1903 The Manitowoc Pilot Manitowoc, WI
Article from The Manitowoc Pilot, July 23, 1903

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Article Text

Two Banks Closed. Owing to a series of misfortunes the West Salem Exchange bank and the Farmers and Merchants' bank of Bangor are both practically in the hands of Bank Examiner Berg. The former will be reorganized; the latter will be sold or a receiver will be appointed. The trouble is attributed to mismanagement.

6. July 23, 1903 River Falls Journal River Falls, WI
Article from River Falls Journal, July 23, 1903

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Article Text

Two Banks Closed. Owing to a series of misfortunes the West Salem Exchange bank and the Farmers and Merchants' bank of Bangor are both practically in the hands of Bank Examiner Berg. The former will be reorganized; the latter will be sold or a receiver will be appointed. The trouble is attributed to mismanagement.

7. July 25, 1903 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, July 25, 1903

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Article Text

WISCONSIN LUDWIG LARSON'S SACRIFICE He Gives Up His Private Fortune to Save Depositors from Loss. LACROSSE, WIS.-In an effort to save the creditors of his bank any loss Ludwig Larson, the president of the defunct Farmers and Merchants' bank of Bangor, has made an assignment to William Smith of Bangor of his entire private fortune. The newly organized state bank of Bangor to-day decided that they would not assume the liabilities and assets of the defunct bank, as at first agreed, with the result that the creditors of the old bank were at a loss. Application for a receiver for the bank will be made to the state bank examiner to-morrow. Mr. Larson's private fortune may be entirely sacrificed as the result of the step taken. Carey's Magnesia Cement Roofing Cannot rust or leak like metal roofing. W.

8. August 1, 1903 Watertown Republican Watertown, WI
Article from Watertown Republican, August 1, 1903

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Article Text

Two Banks Closed. Owing to a series of misfortunes the West Salem Exchange bank and the Farmers and Merchants' bank of Bangor are both practically in the hands of Bank Examiner Berg. The former will be reorganized; the latter will be sold or a receiver will be appointed. The trouble is attributed to mismanagement.

9. August 3, 1903 Vilas County News Eagle River, WI
Article from Vilas County News, August 3, 1903

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Article Text

E. KOELER PLACED IN CHARGE OF BANGOR BUSINESS. NEW LAW BRINGS RESULTS Private Financial Institutions Reincorporating as State BanksChange Must Be Made by August 11 or Good Fee Will Be Collected -Rush of Articles Expected. State Commissioner of Banking M. C. Bergh yesterday appointed Emil Koeler as receiver for the embarrassed Farmers' & Merchants Bank of Bangor. The commissioner has approved the articles of incorporation of the following new state banks organized under the new state banking law: Bank of Cambria, Cambria, Columbia county, capital $10,000, incorporaors, M. J. Rowlands, D. M. Rowlands and O. 1. Jones. The Bank of Poynette, Poynette, Columbia county, capital $6,000, incorporators, Hugh P. Jamieson, A. J. Jamieson and John C. Jamieson. The Bank of Maiden Rock, Maiden Rock, Pierce county, capital $10,000, incorporators F. W. Carpenter, C. W. Carpenter and Mrs. Nettie M. Carpenter. The International Bank of Dane county, Cambridge, Dane county, capital stock $5,000, incorporators Eli P. May, Ann C. May and L. C. May. The State Bank of Centuria, Cen turia, Polk county, capital $15,000, incorporators I. Seery, L. B. Dresser, A. L. Peterson and George W. Wild. The Bank of Menomonie, Menomonie, Dunn county, capital $30,000, incorporators Louis S. Tainter, Fred L. French, Bertha Tainter and Fanny Maxmillian. The Bank of Black Creek, Black Creek, Outagamie county, capital $10,000, incorporators, Fred N. Torry, G. A. Zuehlke, B. J. Zuehlke, August Strassburger, William Strassburger, Charles Z. Hagen, Peter Ryser, Harry Peters, G. H. Peters and C. Mintschmidt. Under the new state banking law all priate banks must incorporate before Aug. 11 if they wish to continue in business and avoid paying a good fee. Up to date only a comparatively small proportion of these banks have taken advantage of this provision of the law, but it is expected that the number will be greatly increased next week.

10. December 29, 1903 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, December 29, 1903

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Article Text

OLD STORY READS GOOD Solid Gold Found in Duck's Gizzard by La Crosse Family. LA CROSSF, WIS.-In the gizzard of a duck cooked for dinner a family residing near an old sand bed in the southern portion of this city discovered a dozen irregularly shaped pieces of gold, varying from the size of a pin head to a pea. Jeweler .T. E. Gelwitz tested the metal and declared it solid gold. It is believed the property where the duck fed was once the bed of the Mississippi river. Other similarchunks of gold were found on the rpoperty buried in the sand. The matter is being inves tigated by experts. and it is expected discoveries of a sensational nature will develop. BANGOR, WIS.-Receiver E. Koehler of the defunct Farmers' and Merchants' bank announces that a first dividend will be paid depositors this week, and that it will amount to about 35 cents on the dollar. It is estimated that depositors will receive from 60 to 65 per cent in all. MADISON, WIS.-The Cecil Rhodes Oxford scholarships are exceedingly attractive to students of Wisconsin, and probably more young men in this state than in other states of the middle west are preparing to take the preliminary examinations early next year. OSHKOSH, WIS.-Nathaniel Pharres was arraigned on the charge of raising a pension order and bound over. He is a colored evangelist who has been conducting a mission here. FOND DU LAC. WIS.-Rev. Dr. Fred S. Jewett, professor of history and philosophy at Grafton Hall, is dead. He was 82.