German Bank (Sheboygan, WI)

Episode Information

Episode Type
Suspension → Reopening
Start Date
July 5, 1912
Location
Sheboygan, Wisconsin (43.751, -87.715)
Bank Type
state
Routing Number
79-0038

Metadata

Episode ID
Bank ID
City ID
551573989
Model
gpt-5-mini
Short Digest

Events (2)
1. July 5, 1912 Reopening
Newspaper Excerpt
The stockholders and directors' meetings have resulted in a complete reorganization of the German bank, which has reopened for business. ... Commissioner of Banking Albert E. Kuolt gave the bank a certificate to resume business, stating the institution is entirely solvent.
Source
newspapers
2. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had losses that were covered by a 200% assessment ($500,000) as part of reorganization.
Newspaper Excerpt
Suspended Sheboygan Institution Resumes Business Under the Management of New Officers.
Source
newspapers

Newspaper Articles (2)
1. July 5, 1912 Ladysmith News-Budget Ladysmith, WI
Article from Ladysmith News-Budget, July 5, 1912

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Article Text

GERMAN BANK REORGANIZES Suspended Sheboygan Institution Resumes Business Under the Management of New Officers. I Sheboygan.-The stockholders and directors' meetings have resulted in a complete reorganization of the German bank, which has reopened for business. The full 200 per cent assessment was paid. Thus $500,000 ready cash has been turned in to cover the losses and start with a working capital. Commissioner of Banking Albert E. Kuolt gave the bank a certificate to resume business, stating the institution is entirely solvent.

2. July 11, 1912 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, July 11, 1912

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Article Text

GERMAN BANK REORGANIZES Suspended Sheboygan Institution Resumes Business Under the Management of New Officers. I Sheboygan.-The stockholders and directors' meetings have resulted in a complete reorganization of the German bank, which has reopened for business. The full 200 per cent assessment was paid. Thus $500,000 ready cash has been turned in to cover the losses and start with a working capital. Commissioner of Banking Albert E. Kuolt gave the bank a certificate to resume business, stating the in. stitution is entirely solvent.