State Bank (Argyle, WI)

Episode Information

Episode Type
Suspension → Closure
Start Date
April 19, 1930
Location
Argyle, Wisconsin (42.701, -89.867)
Bank Type
state
Routing Number
79-0411

Metadata

Episode ID
Bank ID
City ID
551560933
Model
gpt-5-mini
Short Digest

Notes

OCR garbling in articles suggests the bank name (likely Commercial State Bank) is uncertain.

Events (2)
1. April 19, 1930 Suspension
Cause
Government Action
Cause Details
Suspended by state banking authorities (regulatory suspension) due to problems later described as frozen assets and deficient cash reserve.
Newspaper Excerpt
The bank was suspended April 19, 1930.
Source
newspapers
2. August 5, 1930 Receivership
Newspaper Excerpt
The mmerc State bank, Argyle, has closed because of frozen assets and deficient cash reserve, the state today.
Source
newspapers

Newspaper Articles (2)
1. August 5, 1930 The Sheboygan Press Sheboygan, WI
Article from The Sheboygan Press, August 5, 1930

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Article Text

Argyle Bank Closes Doors

Madison, Wis. The mmerc State bank, Argyle, has closed because of frozen assets and deficient cash reserve, the state today. was listed at surplus $8,000, and deposits $317. 878.31. Officers of the bank are president, Robert vice president, H. Hawley; and cashier, C. McQuillan. The Farmers and Merchants bank, Richland Center, has been reorganized and for business today, the The bank was suspended April 19, 1930.

2. August 5, 1930 Baraboo News Republic Baraboo, WI
Article from Baraboo News Republic, August 5, 1930

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Article Text

Argyle Bank Closes, Reports

Madison The cial State bank, has closed because of frozen assets and deficient cash reserve, the banking commission day. Capital was listed at surplus $8,000, and deposits 878.31. Officers of the bank President, Robert Peacock; President, H. Hawley; and C. McQuillan. The Farmers and bank, Richland Center, has been reorganized and was reopened for business today, the commission ported. The bank was suspended April 19, 1930.

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