State Bank (Oconto Falls, WI)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
August 5, 1931
Location
Oconto Falls, Wisconsin (44.874, -88.143)
Bank Type
state
Routing Number
79-0631

Metadata

Episode ID
Bank ID
City ID
551570743
Model
gpt-5-mini
Short Digest

Notes

Receivership is documented by 1933 petition; exact date of receivership assignment not specified in provided articles.

Events (3)
1. August 5, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals forced the bank to fail to open (panic/insolvency pressure).
Measures
Failed to open (suspended payments)
Newspaper Excerpt
failed to open Wednesday because of heavy withdrawals
Source
newspapers
2. August 5, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank did not open after heavy withdrawals; state banking department announced closure to opening.
Newspaper Excerpt
failed to open Wednesday because of heavy withdrawals
Source
newspapers
3. July 7, 1933 Receivership
Newspaper Excerpt
A. C. Kingston, commissioner of banking and receiver of the State Bank of Oconto Falls, will receive hearing July 12 on his petition to pay five per cent liquidation dividend to creditors.
Source
newspapers

Newspaper Articles (2)
1. August 6, 1931 Lincoln Journal Star Lincoln, NE

Article Text

TWO BANKS SHUT UP DOORS IN WISCONSIN MADISON, Wis. (P). Two Wisconsin banks, the State bank of Oconto Falls, with deposits of $308,000, and the Farmers & Merchants State bank at Chetka, with deposits totaling $208,000, failed to open Wednesday because of heavy withdrawals, the state banking department announced.

2. July 7, 1933 Green Bay Press-Gazette Green Bay, WI

Article Text

SET HEARING ON BANK RECEIVER'S PETITION OCONTO FALLS. Wis.-A. C. Kingston, commissioner of banking and receiver of the State Bank of Oconto Falls, will receive hearing July 12 on his petition to pay five per cent liquidation dividend to creditors. The petition will be heard before Circuit Judge Arnold F. Murphy, at Marinette.