Articles (Capital Times, 1930-01-25) state the Sun Prairie Bank suspended business last year because of frozen assets and describe reorganization efforts (commissioner securing judgments) to revive the bank. No run is mentioned. Suspension occurred in 1929 (relative to the 1930 article); efforts in January 1930 imply intent to reopen rather than permanent closure.
Events (2)
1.January 1, 1929*Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension due to frozen assets rendering the bank unable to carry on normal business (insolvency/liquidity problem).
Newspaper Excerpt
the Sun Prairie bank, which suspended business last year because of frozen assets
Source
newspapers
2.January 25, 1930Other
Newspaper Excerpt
As part of the effort to reorganize the Sun Prairie bank ... Schwenker, state commissioner of banking, today secured judgments in Dane county circuit court against Sam ... for amounts totaling $5,018.60.
Source
newspapers
Newspaper Articles (2)
1.January 25, 1930The Capital TimesMadison, WI
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Article Text
Judgments Prairie Bank Deal Sun of the effort to reorganize As part the Sun Prairie bank, which suspendbusiness last year because of frozen assets, Schwenker, state comtoday secured missioner of banking, judgments in Dane county circuit and Carl Reinen and court against Sam for amounts totaling $5,018.60.
2.January 25, 1930The Capital TimesMadison, WI
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Article Text
Sun Prairie Bank Deal
As part of the effort to reorganize the Sun Prairie bank, which suspended business last year because of frozen assets, Schwenker, state commissioner of banking, today secured judgments Dane county circuit court against Sam and Carl Reinen and Lohneis for amounts totaling