Bank of Elk Mound (Elk Mound, WI)

Episode Information

Episode UID
79051771576
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7905177 routing
Routing Number
79-0517
Start Date
April 18, 1931
Location
Elk Mound, Wisconsin (44.873, -91.691)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e86033dd73cce898

Response Measures

None

Events (2)
1. April 18, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspended by state banking department because of decline in deposits and low assets
Newspaper Excerpt
Bank at Elk Mound Forced to Suspend
Source
newspapers
2. March 9, 1932 Reopening
Newspaper Excerpt
The Farmand Merchants bank... and the Bank Elk Elk Mound. Officials said the conditions... The banks have been reorganized.
Source
newspapers

Newspaper Articles (2)
1. April 18, 1931 Wisconsin State Journal Madison, WI
Article from Wisconsin State Journal, April 18, 1931

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Article Text

Bank at Elk Mound Forced to Suspend Announcement that the Bank of Elk Mound, Dunn county, has suspended because of decline in deposits and low assets was made this morning by the state banking department. The bank was organized in 1906 by Col. O. H. Ingram. E. S. Gregerson is president, A. B. Ausman, vice president, and E. W. Hanson, cashier. The bank is capitalized at $25,000 with a surplus of $1,500 and deposits of $136,000

2. March 9, 1932 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, March 9, 1932

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Article Text

CONFERS WITH KILEY REGARDING THE closed National of De Pere yesterday conferred Omer M Kiley, former De and cashier the bank, in here after about $100,000 of the funds. The receiver ed in his position. to state Howit was understood the discussions centered about Kiley might assist in untangling the bank's The banker held under $20,000 bond to await grand jury THREE BANKS OPEN. Stanley, banks closed several months ago because financial have opened for business in this territory. The institutions The Farmand Merchants bank. Stanley the Northwestern bank, Chippewa Falls, and the Bank Elk Elk Mound. Officials said the conditions the banks were such that "their communities will not suffer materially from the closings. The banks have been reorganized.