Citizens National Bank (Merrill, WI)

View Charter #10176 on SPMC View balance sheet

Episode Information

Episode UID
1017601597
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
101760 national
Charter Number
10176
Start Date
January 31, 1933
Location
Merrill, Wisconsin (45.181, -89.683)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
329a7952beac40a2

Response Measures

None

Events (4)
1. April 13, 1912 Chartered
Source
historical_nic
2. January 31, 1933 Suspension
Cause
Government Action
Cause Details
Board voted to take advantage of a mayoral civic holiday proclamation to protect depositors.
Newspaper Excerpt
The Citizens' National Bank suspended business today for a thirty day period. Harry Heineman, president, announced that the board of directors had voted to take advantage of a civic holiday proclaimed by Mayor W. H. Aubuchon.
Source
newspapers
3. February 9, 1933 Other
Newspaper Excerpt
About 500 depositors of the Citizens' National bank, which suspended business Jan. 31, approved a deferred payment plan last night. Approval of other depositors is sought.
Source
newspapers
4. April 20, 1933 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (10)
1. January 31, 1933 The Sheboygan Press Sheboygan, WI

Article Text

Bank At Merrill Has Suspended Business Merrill, Wis. —(AP)— The Citizens' National Bank suspended business today for a thirty day period. Harry Heineman, president, announced that the board of directors had voted to take advantage of a "civic holiday" proclaimed by Mayor W. T. Au Buchon. The mayor's proclamation stated that action was taken to protect depositors of the institution. The Lincoln county bank remained open for usual business, as did the American State Bank, which is operating under a deferred payment plan.

2. January 31, 1933 Wausau Daily Herald Wausau, WI

Article Text

State Bank Reopens Today at Waupaca Holiday Declared at Merrill For One Bank; Two Others Remain Open Waupaca, Jan The Fat mers' State bank. which suspended business Saturday reopened today The city other bank the Waupac cials predicted will reopen soon under a waiver plan Merrill, Jan 31 The Citi zens' National bank suspended but iness today for thirty-day period Harry Heineman president nounced the board of directors had voted to take advantage of proclaimed by Mayor W. H Aubuchon. The mayor proc lamation stated that action was ta ken depositors of the in stitution The Lincoln bank remained open usual business as did the American State bank which operating under de ferred payment plan Madison Jan 31.-(P)- A business holiday has been declared by the two state banks at Kiel the state banking department said todak The banks are the State Bank of Kiel and the State bank of Kiel The banking department said its records did not show how long the holiday period will be

3. January 31, 1933 The Capital Times Madison, WI

Article Text

Citizens' National Closes at Merrill Bank Directors Take Advantage Mayor's Holiday Plan MERRILL. Citizens National suspended business day for period. Harry Heineman, president. announced that the board directors had voted to take advanatge holiday" claimed by Mayor H. Aubuchon The mayor's stated that action was taken protect depositors the The Lincoln County remained open for usual business. did the American State which operating under deterred payment plan. Waupaca Bank Reopens FarmState bank. which suspended reopened today The other the Waupaca National. remained but predicted will reopen seen under waiver plan. Close Milwaukee Bank state banking department today closed the Hopkins Street State bank. neighborhood Roland Teske. director. expressed belief that depositor will full. Schaffer of the Wisconsin banking termed the closing more liquidation than

4. January 31, 1933 Kenosha News Kenosha, WI

Article Text

Merrill Bank Shuts Doors for 30 Days Merrill, Wis. —(AP)— The Citizens' National bank suspended business today for a 30-day period. Harry Heineman, president, announced that the board of directors had voted to take advantage of a "civic holiday" proclaimed by Mayor W. H. Au Buchon. The mayor's proclamation stated that action was taken to protect depositors of the institution. The Lincoln County bank remained open for usual business, as did the American State bank, which is operating under a deferred payment plan.

5. February 1, 1933 Chippewa Herald-Telegram Chippewa Falls, WI

Article Text

Merrill Bank Closes for 30 Day Period Merrill, Wis. (AP)—The Citizens' National Bank suspended business today for a thirty-day period. Harry Heineman, president, announced that the board of directors had voted to take advantage of a "civic holiday" proclaimed by Mayor W. H. Au Buchon. The mayor's proclamation stated that action was taken to protect depositors of the institution. The Lincoln County Bank remained open for usual business, as did the American State Bank, which is operating under a deferred payment plan.

6. February 9, 1933 The Stoughton Courier Stoughton, WI

Article Text

BANK WAIVER Merrill, Wis., —(AP)— About 500 depositors of the Citizen's National Bank, which suspended business Jan. 31, approved a deferred payment plan last night. Approval of other depositors is sought.

7. February 9, 1933 Green Bay Press-Gazette Green Bay, WI

Article Text

DEPOSITORS AT MERRILL APPROVE BANK'S PLAN About 500 MERRILL depositors of the Citizens National bank. which suspended business Jan approved deferred payment plan last night. Approval of other sought was agreed that in the event of sickness, death emergency depositors be allowed withdraw per cent of their money held by the Depositors not facing would receive smaller percentages of their deposits an extended The American State bank here aloperating under deferred ready payment while the Lincoln County never obliged to adopt moratorium plan.

8. February 9, 1933 The Oshkosh Northwestern Oshkosh, WI

Article Text

APPROVE DEFERRED PAYMENT PLAN FOR BANK AT MERRILL Merrill, Wis. About 500 positors the Citizens' National bank which suspended Jan approved deferred payment plan last night Approval of other tha the event of sickness. death other emergency be allowed withdraw of their money held the bank Depositors not unusual emergencies would percentages of their deposits extended period The State bank here ready operating under deferred payment while the Lincoln County bank never was obliged to plan

9. February 9, 1933 The Journal Times Racine, WI

Article Text

ROME, Feb. 9.—(AP)—The Austrian cardinal of the Curia, Andrew Fruhwirth chancellor of the Roman Catholic church, died today at the age of 87. He was a Dominican and had been a cardinal 17 years. WASHINGTON, Feb. 9.—(U.P.)—House republican leader Snell today joined with prominent democrats in opposition to European proposals for a lump sum settlement of the war debts. MERRILL, Wis., Feb. 9.—(AP)—About 500 depositors of the Citizens' National bank, which suspended business Jan. 31, approved a deferred payment plan last night. Approval of other depositors is sought. DETROIT, Feb. 9.—(AP)—Resumption of steady production late today was predicted by officials of the Hudson Motor Car company, with their announcement that 1,000 of the 4,200 men employed before the walkout in the body plants Tuesday were back at their benches. CHICAGO, Feb. 9.—(AP)—A trip to Washington in the interest of a senate investigation of the collapse of the Insull utility holding companies was in progress for 10 Chicagoans prominent in the banking and business world following the serving of subpoenas. WASHINGTON, Feb. 9.—(AP)—The customs bureau notified the senate today that passage of the treasury bill as it stands with its drastic economies would necessitate discharge of 1,500 men June 30; would open the Canadian and Mexican borders to wholesale liquor smuggling and perhaps close all of the 40 odd inland customs offices except Chicago.

10. February 9, 1933 Kenosha News Kenosha, WI

Article Text

Approve Deferred Bank Pay Plans Depositors of Merrill Citizens National Bank in Approval of Plan Merrill, Wis.—(AP)—About 500 depositors of the Citizens' National Bank, which suspended business Jan. 31, approved a deferred payment plan last night. Approval of other depositors is sought. It was agreed that in the event of sickness, death or other emergency depositors were to be allowed to withdraw 50 per cent of their money held by the bank. Depositors not facing unusual emergencies would receive smaller percentages of their deposits over an extended period. The American State Bank here already is operating under a deferred payment plan, while the Lincoln County Bank never was obliged to adopt a moratorium plan.