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Blames State for Banking Troubles Milwaukee, Aug. 26. Speaking meeting of the Hopkins Street State bank, District Attorney George charged last night that the banking department is rectly continued eration insolvent banks. existing conditions possible for the officers of bank the friends such officers money when the institubecomes shaky," he said. without friends keep their money in; those friends the keep taking
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
Milwaukee Bank Closes Its Doors Neighborhood Institution Closed by Action of State Banking Department Milwaukee—(AP)—The state banking department today closed the Hopkins Street State bank, a neighborhood institution. Roland Teske, a director, expressed belief that every depositor will be paid in full. F. F. Schaefer of the Wisconsin banking department termed the closing more of a liquidation than a suspension. Heavy withdrawals, Schaefer said, reduced deposits from $660,000 in June, 1931, to about $96,000 and officials said that with such a small sum it was no longer possible to operate profitably.
Neighborhood Bank in Milwaukee Is Closed Milwaukee. (AP)—The state banking department today closed the Hopkins Street State Bank, a neighborhood institution. Roland Teske, a director, expressed belief that every depositor will be paid in full. F. F. Schaefer of the Wisconsin banking department termed the closing more of a liquidation than a suspension. Heavy withdrawals, Schaefer said, reduced deposits from $660,000 in June, 1931, to about $96,000 and officials said that with such a small sum it was no longer possible to operate profitably.