First National Bank - Oregon, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10620
Charter Number: 10620
Start Date: June 5, 1934
Location: Oregon, Wisconsin (42.926, -89.385)

Metadata

Model: gpt-5-mini
Short Digest: 0607bf93

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1933-10-25
Date receivership terminated: 1938-04-30
Share of assets assessed as good: 28.3%
Share of assets assessed as doubtful: 69.0%
Share of assets assessed as worthless: 2.7%

Description

Article (Green Bay Press-Gazette, 1934-06-05) reports a receiver was appointed and took charge of the First National Bank of Oregon, Wis. OCR errors present (names and fragments). No mention of a depositor run; event is a government-appointed receivership implying permanent closure.

Events (3)

1. September 21, 1914 Chartered

Source: historical_nic

2. October 25, 1933 Receivership

Source: historical_nic

3. June 5, 1934 Suspension

Cause: Government Action
Cause Details: Comptroller (or banking authority) appointed a receiver (Bernard Olejniczak) who took charge of the bank's assets; bank placed in receivership and closed.
Newspaper Excerpt: IS NAMED OREGON BANK RECEIVER ... has been appointed receiver the First of Oregon, Wis. ... Olejniczak took charge at Oregon Friday ... of the assets of this bank ... the National has for the past several months ... as receiver.
Source: newspapers

Newspaper Articles (1)

1. June 5, 1934 Green Bay Press-Gazette Green Bay, WI

Article from Green Bay Press-Gazette, June 5, 1934

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Article Text

IS NAMED OREGON BANK RECEIVER Bernard Olejniczak former emthe McCartney bank has been appointed ceiver the First of Oregon. Wis. fill the vacancy caused the John 46% Herrington Madison, according to word received appointment received in 4% telegraphic instructions comptroller 9% rency. Washington Oleyniczak took charge at Oregon Friday June The of the assets of this bank 24% 26 will be with that the National has for the past several months 7% as receiver.