First National Bank (Ladysmith, WI)

Episode Information

Episode UID
553501266
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
55350 national
Charter Number
5535
Start Date
June 2, 1905
Location
Ladysmith, Wisconsin (45.463, -91.104)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
92da266cea7263dd

Response Measures

None

Receivership Details

Depositor recovery rate
75.0%
Date receivership started
1905-06-02
Date receivership terminated
1912-03-31
OCC cause of failure
Fraud
Share of assets assessed as good
18.9%
Share of assets assessed as doubtful
39.7%
Share of assets assessed as worthless
41.5%

Events (4)

1. August 13, 1900 Chartered
Source
historical_nic
2. June 2, 1905 Receivership
Source
historical_nic
3. June 2, 1905 Receivership
Newspaper Excerpt
National Bank Examiner Earling has been appointed receiver.
Source
newspapers
4. June 2, 1905 Suspension
Cause
Government Action
Cause Details
Directors voted to close and requested National Bank Examiner Peter R. Earling, who took charge and was appointed receiver.
Newspaper Excerpt
the directors voted unanimously to close its doors temporarily; National Bank Examiner Earling has been appointed receiver.
Source
newspapers

Newspaper Articles (12)

Article from Evening Times-Republican, June 2, 1905

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Article Text

A Wisconsin Bank Closes. Washington, June 2.-The president of the First National Bank of Ladysmith, Wis., has advised the comptroller of the currency that the directors voted unanimously to close its doors temporarily. National Bank Examiner Earling has been appointed receiver. The bank has a capital stock of $25,000.


Article from Rock Island Argus, June 2, 1905

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Article Text

WISCONSIN BANK CLOSED Directors Take Voluntary Action at Ladysmith, Wis. Washington, June 2.-The president of the First National bank of Ladysmith. Wis., has advised the comptroller of the currency that the directors voted unanimously to close its doors temporarily. National Bank Examiner Earling has been appointed receiver. Chicago, June 2.-The bank has a capital stock of $25,000.


Article from The Providence News, June 2, 1905

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Article Text

DIRECTORS VOTE TO CLOSE LADYSMITH NATIONAL BANK Washington, June 2.-The president of the First National bank of Ladysmith, Wis., has advised the comptroller of the currency that the directors have voted unanimously to close its doors temperar11y, and at their request National bank Examiner Peter R. Earling has taken charge. Examiner Earling has been appointed receiver. In a report made by the bank on March 14. 1905. $42,659 was owed depositors. The total capital was $83,420.


Article from Evening Star, June 3, 1905

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Article Text

Ladysmith, Wis., Bank Closed. The president of the First National Bank of Ladysmith, Wis., has advised the controller of the currency that the directors have voted unanimously to close its doors temporarily, and at their request National Bank Examiner Peter R. Earling has taken charge. Examiner Earling has been appointed receiver.


Article from Bryan Morning Eagle, June 3, 1905

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Article Text

Temporarily Closed. Washington, June 2.-The president of the First National bank of Ladysmith. Wis., has advised the comptroller of the currency that the directors voted unanimously to close the doors temporarily, and at their request National Bank Examiner Earling has taken charge. Examiner Earling has The bank's been appointed receiver. capital is $25,000 and deposits $42,659.


Article from Palestine Daily Herald, June 3, 1905

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Article Text

Temporarily Closed. Washington, June 3.-The president of the First National bank of Ladysmith, Wis.. has advised the comptroller of the currency that the directors voted unanimously to close the doors temporarily, and at their request National Bank Examiner Earling has taken charge. Examiner Earling has been appointed receiver. The bank's capital is $25,000 and deposits $42,659


Article from The Caucasian, June 4, 1905

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Article Text

Temporarily Closed. Washington, June 3.-The president of the First National bank of Ladysmith, Wis., has advised the comptroller of the currency that the directors voted unanimously to close the doors temporarily, and at their request National Bank Examiner Earling has taken charge. Examiner Earling has been appointed receiver. The bank's capital is $25,000 and deposits $42,659


Article from Willmar Tribune, June 7, 1905

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Article Text

Bank Closes. Washington, June 3.-The presid ent of the First National bank of Ladysmith, wis., has advised his controller of the currency that the directors have voted unanimously to close its doors temporarily, and at their request Peter R. Earling, national bank examiner, has taken charge and appointed receiver.


Article from Valentine Democrat, June 8, 1905

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Article Text

Wisconsin Bank Closes. The president of the First National Bany of Ladysmith, Wis., has advised the comptroller of the currency at Wash ington the directors voted unanimously to close its doors temporarily. National Bank Examiner Earling has been appointed receiver. The bank has a capital stock of $25,000.


Article from Pierre Weekly Free Press, June 8, 1905

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Article Text

BANK SUSPENDS. First National of Ladysmith in Hands of Receiver. Washington, June 4.-The president of the First National Bank of Ladysmith, Wis., has advised the controller that the directors have voted unanimously to close its doors temporarily, and at their request National Bank Examiner Peter R. Earling has taken charge. Examiner Earling has been appointed receiver.


Article from Rosebud County News, June 8, 1905

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Article Text

bank SUSPENDS. First National of Ladysmith in Hands of Receiver. Washington, June 4.-The president of the First National Bank of Lady. smith, Wis., has advised the controller that the directors have voted unanimously to close its doors temporarily, and at their request National Bank Examiner Peter R. Earling has taken charge. Examiner Earling has been appointed receiver.


Article from Ladysmith News-Budget, November 11, 1909

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Article Text

Receiver Earling Resigns P. R. Earling has resigned as receiver of the defunct First National Bank of Ladysmith and Geo. C. Rankin has been appointed.