Northern National Bank (Ashland, WI)

View Charter #3607 on SPMC View balance sheet

Episode Information

Episode UID
360701597
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
36070 national
Charter Number
3607
Start Date
January 17, 1933
Location
Ashland, Wisconsin (46.592, -90.884)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fa6c4c05d54bfd95

Response Measures

None

Receivership Details

Depositor recovery rate
66.5%
Date receivership started
1933-02-13
Share of assets assessed as good
11.5%
Share of assets assessed as doubtful
80.9%
Share of assets assessed as worthless
7.6%

Description

Federal bank examiner reported in charge; known receivership date used for closure.

Events (4)
1. December 21, 1886 Chartered
Source
historical_nic
2. January 17, 1933 Suspension
Cause
Voluntary Liquidation
Cause Details
Closed by board of directors pending reorganization; placed in charge of a federal bank examiner
Newspaper Excerpt
The Northern National Bank was closed yesterday by its board of directors
Source
newspapers
3. February 13, 1933 Receivership
Source
historical_nic
4. February 13, 1933 Receivership
Source
newspapers

Newspaper Articles (9)
1. January 18, 1933 The Stoughton Courier Stoughton, WI

Article Text

Ashland Starts Month Holiday Ashland, Wis. —(AP)— The city of 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 Major M. E. Dillon issued a proclamation for a thirty day business holiday. ANTARCTIC TAKES SYDNEY WASTE Sydney —(AP)— Refuse and garbage from this city of 1,250,000 will be taken by ocean currents to the Antarctic. Formerly it was dumped five miles off shore, and much of it was carried back to land. Now it is taken 25 miles out whence a strong current runs to the frozen south. Try a Classified Ad

2. January 18, 1933 The Sheboygan Press Sheboygan, WI

Article Text

City Of Ashland Under Thirty-Day Business Holiday Ashland, Wis. — (AP) — The city of 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 holiday. The mayor's proclamation, posted on the door of the Ashland National Bank, read in part: "I declare a civic holiday or moratorium for thirty days during which business shall be suspended except insofar as the requirements, convenience and needs of the community may make proper." Officials of the Northern National Bank said yesterday that the institution, now in the charge of a Federal bank examiner, was closed pending a reorganization.

3. January 18, 1933 The Oshkosh Northwestern Oshkosh, WI

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

4. January 19, 1933 Two Rivers Reporter Two Rivers, WI

Article Text

Ashland Without Banking Service ASHLAND, Wis. City of Ashland was without banking service Wed. The Northern National Bank

5. January 19, 1933 Green Bay Press-Gazette Green Bay, WI

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.

6. January 19, 1933 Chippewa Herald-Telegram Chippewa Falls, WI

Article Text

Ashland Mayor Calls for 30-Day Moratorium Ashland, Wis. (AP)—The city of 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 holiday. The mayor's proclamation, posted on the door of the Ashland National Bank, read in part: "I declare a civic holiday or moratorium for thirty days during which business shall be suspended except insofar as the requirements, convenience and needs of the community may make proper." Officials of the Northern National Bank said yesterday that the institution, now in charge of a federal bank examiner, was closed pending a reorganization.

7. January 19, 1933 The Capital Times Madison, WI

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

8. January 21, 1933 Kenosha News Kenosha, WI

Article Text

Ashland Without Banking Service Last Bank in City Suspends Under a 30-Day Business Holiday Called by Mayor. Ashland, Wis. — (AP) — The city of Ashland was without banking service today. The Northern National bank was closed Tuesday by its board of directors, and Wednesday the Ashland National bank suspended business after Mayor M. E. Dillon issued a proclamation for a thirty-day business holiday. The mayor's proclamation, posted on the door of the Ashland National bank, read in part:

9. January 21, 1933 Kenosha News Kenosha, WI

Article Text

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