First National Bank - Oconomowoc, WI

Episode Information

Episode UID: 550501585
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 55050 national
Charter Number: 5505
Start Date: January 1, 1932*
Location: Oconomowoc, Wisconsin (43.112, -88.499)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 176b755569212d25

Response Measures

None

Receivership Details

Date receivership started: 1932-02-04
Date receivership terminated: 1932-06-06

Description

The article mentions the bank's closure as the trigger for a run on a nearby bank in Ashippun.

Events (5)

1. July 19, 1900 Chartered

Source: historical_nic

2. January 1, 1932* Suspension

Cause Details: The article mentions the bank closed but does not specify the immediate cause for Oconomowoc.
Newspaper Excerpt: First National Bank Oconomowoc closed, rumors the Ashippun bank started.
Source: newspapers

3. February 4, 1932 Receivership

Source: historical_nic

4. June 6, 1932 Restored To Solvency

Source: historical_nic

5. September 30, 1932 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. January 5, 1932 The Journal Times Racine, WI

Article from The Journal Times, January 5, 1932

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Article Text

Badger Business Men Prevent Run on Bank ASHIPPUN, Wis., Jan. Combatting mob psychology, Ashippun business men bolstered position of the Ashippun State novel campaign. First National Bank Oconomowoc closed, rumors the Ashippun bank started. Busiconcerted effort, prevailed large percentage depositors sign waivers of withdrawal privileges.