Bank of Montello - Montello, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 22, 1903
Location: Montello, Wisconsin (43.791, -89.320)

Metadata

Model: gpt-5-mini
Short Digest: 583a6809

Response Measures

None

Description

Article (Oct 22, 1903) reports the commissioner of banking closed the Bank of Montello after discovering alleged shortages, forgeries and injudicious investments by an official (J. E. Leimer, under arrest). Commissioner went to apply for a receiver, indicating the suspension led to receivership/closure. No run is mentioned.

Events (2)

1. October 22, 1903 Receivership

Newspaper Excerpt: BERGH TO ASK FOR A RECEIVER ... Assistant Attorney General Levi H. Bancroft and Commissioner of Banking Bergh went to Princeton yesterday to make application for a receiver for the bank of Princeton and possibly for the bank of Montello. ... Examiner Bergh hopes that a receiver for the Montello bank will not be necessary.
Source: newspapers

2. October 22, 1903 Suspension

Cause: Government Action
Cause Details: Closed by the state commissioner of banking after discovery of alleged shortages, forgeries and injudicious investments by an official (J. E. Leimer).
Newspaper Excerpt: These are the institutions closed this week by the commissioner of banking upon the discovery of the alleged shortages, forgeries or injudicious investments of the official, J. E. Leimer, who is now under arrest.
Source: newspapers

Newspaper Articles (1)

1. October 26, 1903 Vilas County News Eagle River, WI

Article from Vilas County News, October 26, 1903

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Article Text

BERGH TO ASK FOR A RECEIVER Madison, Oct. 22. Assistant Attorney General Levi H. Bancroft and Commissioner of Banking Bergh went to Princeton yesterday to make application for a receiver for the bank of Princeton and possibly for the bank of Montello. These are the institutions closed this week by the commissioner of banking upon the discovery of the alleged shortages, forgeries or injudicious investments of the official, J. E. Leimer, who is now under arrest. Examiner Bergh hopes that a receiver for the Montello bank will not be necessary. He does not expect any contest over the selection of a receiver for the Princeton bank and says he has no personal choice, SO long as a suitable man is named. The matter will come before Judge Burnell.