Bank of Shorewood (Shorewood, WI)

Episode Information

Episode Type
Suspension → Closure
Start Date
August 23, 1932
Location
Shorewood, Wisconsin (43.089, -87.888)
Bank Type
state
Routing Number
79-1057

Metadata

Episode ID
Bank ID
City ID
551574071
Model
gpt-5-mini
Short Digest

Notes

Commission/committee decided on liquidation; later criminal inquiry and warrants mentioned.

Events (2)
1. August 23, 1932 Suspension
Cause
Voluntary Liquidation
Cause Details
State commission and committee decided to liquidate the closed Bank of Shorewood and pay depositors.
Newspaper Excerpt
DECIDE TO LIQUIDATE BANK OF SHOREWOOD
Source
newspapers
2. October 22, 1932 Receivership
Newspaper Excerpt
Judge A. J. Hedding's order of yesterday reopening the John Doe inquiry into the affairs of the closed Bank of Shorewood... warrants against O. K. Johnson, cashier, and Richard Kiel, president, have been issued.
Source
newspapers

Newspaper Articles (2)
1. August 23, 1932 Green Bay Press-Gazette Green Bay, WI

Article Text

DECIDE TO LIQUIDATE BANK OF SHOREWOOD

Liquithe closed Bank of Shorewood was decided conference Madison between acting commissionof and committee here day. The depositors have hand Fred deputy attorney general: Frank stabilization director the banking and Thomas Herried acting banking will with District George whose Doe inquiry the fairs of be asked state for information concerning all county banks out money to depositors, said.

2. October 22, 1932 The Journal Times Racine, WI

Article Text

WOULD FORESTALL COURT'S ORDER TO PROBE CLOSED BANK

MILWAUKEE, Oct. 22.—(AP)—Judge A. J. Hedding's order of yesterday reopening the John Doe inquiry into the affairs of the closed Bank of Shorewood today drew a threat of a writ of prohibition to forestall such action.

Eugene Wengert, attorney for Fred A. Lochner, former president of the bank, demanded to know in a letter to Judge Hedding on what legal grounds the inquiry was to be resumed. Lochner is the only officer of the bank involved in the crash to be arrested, although warrants against O. K. Johnson, cashier, and Richard Kiel, president, have been issued.

Wengert told Judge Hedding if the inquiry is to be in the nature of a defense for Johnson and Kiel he would like an opportunity to present testimony in defense of his client.