Peoples State Bank (Bloomer, WI)

Episode Information

Episode UID
79075771579
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
7907577 routing
Routing Number
79-0757
Start Date
July 15, 1931
Location
Bloomer, Wisconsin (45.100, -91.489)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a79690a32370308a

Response Measures

None

Events (2)
1. July 15, 1931 Run
Cause Details
Unexpected heavy demands for cash/withdrawals despite bank described as sound by commissioner.
Newspaper Excerpt
An unexpected run forced closing of the People's State bank, Bloomer,
Source
newspapers
2. July 15, 1931 Suspension
Cause Details
Bank was closed after heavy demands for cash made continued operation impossible despite reportedly sound condition.
Newspaper Excerpt
An unexpected run forced closing of the People's State bank, Bloomer, Wednesday, the commissioner of banking announced today.
Source
newspapers

Newspaper Articles (3)
1. July 16, 1931 The Waukesha County Freeman Waukesha, WI
Article from The Waukesha County Freeman, July 16, 1931

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Article Text

Runs Force Closing of Bank at Bloomer MADISON unexpected run forced closing of the People's State bank, Bloomer, yesterday, the combanking announced. Charles Albrecht president of institution. The banking commission said the bank been in sound financial condition and only heavy demands for cash made closing necessary. Deposits than $250000

2. July 16, 1931 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, July 16, 1931

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Article Text

RUN CLOSES BANK Madison --(U.P.)- An unexpected run forced closing of the People's State bank. Bloomer. yesterday. the commissioner of banking announced Charles Albrecht president of the institution The banking said the bank had been in sound financial condition and only heavy demands for cash made closing necessary Deposits of more than $250,000 were in the bank

3. July 16, 1931 Wisconsin State Journal Madison, WI
Article from Wisconsin State Journal, July 16, 1931

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Article Text

Unexpected Run Shuts Bank at Bloomer, Wis. An unexpected run forced closing of the People's State bank, Bloomer, Wednesday, the commissioner of banking announced today. Charles Albrecht is president of the institution The banking commission said the bank had been in sound financial condition and only heavy demands for cash made closing necessary Deposits of more than $250,000 were in the bank.