First National Bank (Clintonville, WI)

Episode Information

Episode UID
627301599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
62730 national
Charter Number
6273
Start Date
March 4, 1933
Location
Clintonville, Wisconsin

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
abafe3d28fec3571

Response Measures

None

Receivership Details

Depositor recovery rate
83.5%
Date receivership started
1933-08-16
Date receivership terminated
1938-04-02
Share of assets assessed as good
13.7%
Share of assets assessed as doubtful
61.3%
Share of assets assessed as worthless
25.0%

Description

A conservator (Anthes) was appointed when the bank reopened under restrictions.

Events (4)

1. May 24, 1902 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
State-declared banking holiday / temporary suspension of banking business in Wisconsin following nationwide restrictions.
Newspaper Excerpt
the fourteen day bank holiday proclaimed by Gov. R. G. Schmedeman remains in effect.
Source
newspapers
3. April 4, 1933 Reopening
Newspaper Excerpt
CLINTONVILLE REOPENS CLINTONVILLE First National bank this city again opened for restricted ... Anthes president the bank was appointed as conservator. and was authorized to open the bank new deposit only ... collect maturing obligations the bank but no loans can be made.
Source
newspapers
4. August 16, 1933 Receivership
Source
historical_nic

Newspaper Articles (2)

Article Text

EVERY STATE JOINS IN MOVE TO SAVE BANKS Take Holiday or Impose Restrictions. Wilmington, Del., March 4.—(AP)—Delaware, the last of the nation's 48 states not under some form of banking restriction, declared a bank holiday tonight, effective Monday and continuing "until further notice." Harold W. Horsey, state banking commissioner, said Gov. C. Douglas Buck had directed him to notify all banks in the state as follows: "Not because of anything that has occurred in Delaware, nor any condition existing here, but wholly because of the action of practically all the other states in declaring a bank holiday and the observance thereof by the Federal Reserve bank, this bringing about a temporary suspension of banking business over the country, I am left with no alternative but to take action to protect Delaware banks and their depositors." Wisconsin Plans Reopening. Milwaukee, Wis., March 4.—[Special.]—Banks of this city and Wisconsin are making plans to reopen next week, but on what day had not been determined tonight. In Madison, Banking Commissioner Arthur C. Kingston said that a plan has been devised for reopening Wisconsin banks Monday morning, although he withheld details of the plan pending an expected announcement from President Roosevelt at Washington on the banking situation. On the other hand, Walter Kasten, president of the First Wisconsin National bank, and also a member of a committee appointed by the Milwaukee Clearing House association to work out a plan, said the Milwaukee banks will not reopen until Wednesday at the earliest, and then probably will operate under a scrip plan similar to that used in 1907. In the meantime the fourteen day bank holiday proclaimed by Gov. R. G. Schmedeman remains in effect. No Holiday in Indiana. Indianapolis, Ind., March 4.—[Special.]—Indiana banks, under the new bank code law recently rushed through the state legislature, have the power to limit withdrawals to one-tenth of 1 per cent. Therefore, no state-wide bank moratorium will be declared in Indiana Gov. Paul V. McNutt today informed state officials from Washington, where he attended the inauguration. Indianapolis banks today continued to pay 5 per cent on both savings and checking accounts, and 100 per cent on deposits made since they declared a 5 per cent withdrawal limitation last Monday. A few upstate banks have limited withdrawals to 2 per cent. Plan Michigan Reopening. Detroit, Mich., March 4.—[Special.]—There was an easing up of banking anxieties in Detroit because of the action of the state legislature on relief bills which are scheduled to be passed on Monday. They should become laws not later than next Saturday and thereby permit banks to re-open and permit another withdrawal of funds in amounts yet to be decided upon. Operations in Detroit will be immediately resumed by the First National bank and the Guardian National Bank of Commerce. Iowa Proclaims Holiday. Des Moines, Ia., March 4.—[Special.]—Lieut. Gov. N. G. Kraschel today ordered a banking moratorium effective at once. In his proclamation the lieutenant governor set no definite time, declaring only "a temporary banking holiday mandatory for all Iowa banks, savings banks and


Article Text

CONSERVATION CORPS UNITS MAY HEAD FOR SOUTH BY APRIL 15 in the nation's forests where the weather will permit the immediby ployed by the government were sought foresters to with the new diof the of Fechner, ice-president of the of Ma. chinists hoped to start his first of recruits for woods Apr Climatic the south led expectation that the first be put work in the of that section Registration unemployed will started by the departFriday Saturday and the first men chosen will spend part army camps preparation forest work. CLINTONVILLE REOPENS CLINTONVILLE First National bank this city again opened for restricted Anthes president the bank was appointed as conservator. and was authorized to open the bank new deposit only Mr Anthes has instructed collect maturing obligations the bank but no loans can be made. and no with-