Berlin National Bank (Berlin, WI)

Episode Information

Episode UID
464101259
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
46410 national
Charter Number
4641
Start Date
November 17, 1904
Location
Berlin, Wisconsin (43.968, -88.943)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
26d4105eb06d2857

Response Measures

Capital injected, Full suspension, Books examined

Receivership Details

Depositor recovery rate
70.0%
Date receivership started
1904-11-17
Date receivership terminated
1911-12-31
OCC cause of failure
Losses
Share of assets assessed as good
47.2%
Share of assets assessed as doubtful
38.0%
Share of assets assessed as worthless
14.8%

Events (5)

1. October 8, 1891 Chartered
Source
historical_nic
2. November 17, 1904 Receivership
Source
historical_nic
3. November 17, 1904 Receivership
Newspaper Excerpt
Bank Examiner Parker immediately was appointed receiver.
Source
newspapers
4. November 17, 1904 Run
Cause
Rumor Or Misinformation
Cause Details
Notices about a stockholders' meeting and 60% assessment were misconstrued by depositors, triggering withdrawals.
Newspaper Excerpt
because of a run on the bank its doors were closed.
Source
newspapers
5. November 17, 1904 Suspension
Cause
Rumor Or Misinformation
Cause Details
Directors closed the bank after a run driven by misconstrued public notices about strengthening the bank.
Newspaper Excerpt
The Berlin National bank closed its doors at noon today and posted a notice to the effect that the suspension was due to the withdrawal of deposits.
Source
newspapers

Newspaper Articles (11)

Article from Perth Amboy Evening News, November 18, 1904

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Article Text

Wisconsin Bank Fails. WASHINGTON, Nov. 18.-The comptroller of currency last night received a dispatch from the cashier of the Berlin National bank of Berlin, Wis., announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.


Article from The Cairo Bulletin, November 18, 1904

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Article Text

RUN ON A BANK CLOSED ITS DOORS STATEMENT ISSUED THAT IT INTENDED TO STRENGTHEN ITSELF WAS MISCONSTRUED BY DEPOSITORS. By the Associated Press. Berlin, Wis., Nov. 17.-The Berlin National bank closed its doors at noon today and posted a notice to the effect that the suspension was due to the withdrawal of deposits. The meeting of the stockholders had been called for December 5 to arrange for paying sixty per cent assessments in order to strengthen the bank and remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by depositors; a run on the bank resulted. and became so serious hat the directors determined to close the doors. Deposits aggregate $180,000. : FOLLOW RUN ON BANK


Article from The Savannah Morning News, November 18, 1904

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Article Text

Bank's Doors Closed. Washington, Nov. 17.-The Controller of the Currency has received a dispatch from the cashier of the Berlin National Bank of Berlin, Wis., announcing that because of a run on the bank to-day its doors were closed. Bank Examiner Parker immediately was appointed receiver.


Article from The Salt Lake Herald, November 18, 1904

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Article Text

WISCONSIN BANK CLOSED. Washington, Nov. 17.-The comptroller of the currency this evening recelved a dispatch from the cashier of the Berlin bank of Berlin, Wis., announcing that because of a run of the bank today its doors were closed. Bank Examiner Parker immediately was appointed receiver.


Article from East Oregonian : E.O, November 19, 1904

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Article Text

The Berlin, Wis., National Bank, has succumbed to a run and closed its doors. and a receiver is in charge.


Article from Ottumwa Tri-Weekly Courier, November 19, 1904

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Article Text

BANK CLOSES DOORS. Berlin, Wis., Institution's Officers Say Run Causes Suspension. Berlin, Wis., Nov. 18.-The, Berlin National bank closed its doors yesterday and posted a notice to the effect the suspension was due to the withdrawal of deposits. A meeting of the stockholders has been called for December 5, to arrange for paying sixty per cent of the assessments in order to strengthen the bank and remove any doubtful paper which might be found.


Article from Iron County Register, November 24, 1904

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Article Text

The comptroller of the currency at Washington received a dispatch from the cashier of the Berlin national bank of Berlin, Wis., on the 17th, announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.


Article from The Tupelo Journal, November 25, 1904

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Article Text

The comptroller of the currency at Washington received a dispatch from the cashier of the Berlin national bank of Berlin, Wis., on the 17th, announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.


Article from Eagle River Review, November 25, 1904

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Article Text

Run Closes Berlin Bank. The Berlin National Bank closed its doors the other day as the result of a run by denosit ker was appointed receiver by the Comptroller of the Treasury. The depositors misconstrued a call for a meeting of stockholders to arrange for paying a 60 per cent assassment in order to straighten the institution. The deposits aggregate $180,000.


Article from The Grenada Sentinel, November 26, 1904

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Article Text

The comptroller of the currency at Washington received a dispatch from the cashier of the Berlin national bank of Berlin, Wis., on the 17th, announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.


Article from River Falls Journal, December 1, 1904

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Article Text

WISCONSIN STATE NEWS. Berlin Bank Suspends. The Berlin national bank has closed its doors. A meeting of stockholders had been called for Docember 5 to arrange for paying a 60 per cent. assessment in order to strengthen the bank and to remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by the depositors. A run on the bank resulted, and became so serious that the directors determined to close the doors. The deposits aggregate $180,000.