22495. Ashland National Bank (Ashland, WI)

View Charter #3196 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3196
Charter Number
3196
Start Date
January 18, 1933
Location
Ashland, Wisconsin (46.592, -90.884)

Metadata

Model
gpt-5-mini
Short Digest
86671153

Response Measures

None

Receivership Details

Depositor recovery rate
71.1%
Date receivership started
1933-02-13
Date receivership terminated
1940-12-26
Share of assets assessed as good
24.1%
Share of assets assessed as doubtful
74.4%
Share of assets assessed as worthless
1.5%

Description

Multiple newspaper reports (Jan 18-19, 1933) state Ashland National Bank suspended business after Mayor M. E. Dillon issued a 30-day business holiday (moratorium). No run is described; action appears to be a local government-declared moratorium/holiday, implying a temporary suspension. Reopening is not explicitly reported in these clippings, but the mayor's 30-day holiday suggests a temporary suspension rather than permanent closure.

Events (3)
1. June 27, 1884 Chartered
Source
historical_nic
2. January 18, 1933 Suspension
Cause
Government Action
Cause Details
Mayor M. E. Dillon issued a proclamation declaring a 30-day business holiday (moratorium), posted on the bank door, during which business shall be suspended.
Newspaper Excerpt
the Ashland National bank suspended business after Mayor M. E. Dillon issued a proclamation for a thirty-day business
Source
newspapers
3. February 13, 1933 Receivership
Source
historical_nic

Newspaper Articles (4)
1. January 18, 1933 The Oshkosh Northwestern Oshkosh, WI
Article from The Oshkosh Northwestern, January 18, 1933

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Article Text

BANKS AT ASHLAND ARE CLOSED TODAY Ashland of Ashland without today Northern National bank was closed yesterday by its board of directors, and the Ashland National bank suspended business after Mayor M. E. Dillon proclamation for 30-day holiday The mayor's posted on the door of the Ashland Nationin for 30 during which the requirements con

2. January 19, 1933 Green Bay Press-Gazette Green Bay, WI
Article from Green Bay Press-Gazette, January 19, 1933

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Article Text

BUSINESS HOLIDAY IS DECLARED IN ASHLAND Ashland was without banking service today. The Northern National bank was closed yesterday by its board of directors, and today the Ashland National bank suspended business after Mayor M. E. Dillon issued a proclamation for a thirty-day business The mayor's proclamation. posted on the door of the Ashland National read in part "I declare civic holiday or moratorium for thirty days during which business shall suspended except insofar as the requirements, convenience and needs of the community may proper. Officials of the Northern National bank said yesterday that the institution. now in the charge of federal bank examiner, was closed pending reorganization.

3. January 19, 1933 Leader-Telegram Eau Claire, WI
Article from Leader-Telegram, January 19, 1933

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Article Text

Second Ashland Bank Closes Doors Today Wis., Jan. city of Ashland without banktoday. The Northern bank closed yesterday its board directors, and today Ashland business Mayor Dillon issued proclamation for holiday. posted the door Ashland Nationread in declare holiday moratorium for thirty days which business shall except insofar convenience and needs the communmay make Officials the Nationbank that the innow the charge federal closed pending reorganization.

4. January 19, 1933 The Capital Times Madison, WI
Article from The Capital Times, January 19, 1933

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Article Text

Ashland Banks Closed In 30-Day City 'Holiday' ASHLAND, Wis.-(P)-The city of Ashland was without banking service today. The Northern National bank was closed Tuesday by its board of directors, and today the Ashland National bank suspended business after Mayor M. E. Dillon issued a proclamation for a 30-day business holiday. Read The Capital Times Want Ads