Farmers State Bank (Granton, WI)

Episode Information

Episode UID
6453597791558
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
645359779 hash
Start Date
October 7, 1929
Location
Granton, Wisconsin (44.589, -90.461)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d37b34d8ca3e218b

Response Measures

None

Description

Closure followed a two-week run after discovery of a $13,000 shortage by the cashier/treasurer.

Events (3)
1. October 7, 1929 Run
Cause
Bank Specific Adverse Info
Cause Details
Shortage discovered in books after death of assistant treasurer/cashier Wilson Mallory (about $13,000), triggering loss of confidence and withdrawals.
Newspaper Excerpt
Depositors then lost confidence in the bank, and about two weeks ago the run started.
Source
newspapers
2. October 21, 1929 Receivership
Newspaper Excerpt
The state banking commission took over the Farmers State bank here after was found that the treasurer ... was short $13,000.
Source
newspapers
3. October 21, 1929 Suspension
Cause
Government Action
Cause Details
Closed by two state banking commission examiners citing frozen assets following the run.
Newspaper Excerpt
The Farmers State bank of Granton was closed Monday by two examiners of the state banking commission after a run of two weeks
Source
newspapers

Newspaper Articles (3)
1. October 22, 1929 The Capital Times Madison, WI
Article from The Capital Times, October 22, 1929

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Article Text

State Shuts Bank at Granton, Wis. Frozen Assets Given as Cause of Run on Institution GRANTON, Wis.—The Farmers State bank of Granton was closed Monday by two examiners of the state banking commission after a run of two weeks, during which depositors withdrew $5,500. Frozen assets was given as the cause. The bank's trouble started two months ago when Wilson Mallory, assistant treasurer of the bank and treasurer of the town of York, died, and a shortage was found in his books of the town. Depositors then lost confidence in the bank, and about two weeks ago the run started. P. J. Kemmeter is president of the bank, a $25,000 institution. Scott Davis, cashier, resigned two weeks ago, but the resignation has not yet taken effect.

2. December 2, 1929 The Waukesha County Freeman Waukesha, WI
Article from The Waukesha County Freeman, December 2, 1929

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Article Text

STATE PERMISSION ASKED TO OPEN BANK GRANTON, Wis. Six men, selected by 300 farmers and merchants, have been instructed to go to Madison and seek permission for the selling of stock in a new bank proposed here to replace the Farmers' State bank closed two months ago. The state banking commission took over the Farmers' State bank here after was found that the treasurer of the town of York, who was cashier of the bank, was short $13,000. When the official died a run started on the bank and the depositors' list dropped from 250 to 50 in few days. The six men who will apply for permission for the new bank are: Henry Williams, L. J. Bluett, Fred Hart, Fred Ryler, G. H. Hrach and Herman Braatz.

3. December 2, 1929 Wisconsin State Journal Madison, WI
Article from Wisconsin State Journal, December 2, 1929

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Article Text

Granton Men Ask to Open New Bank Come to Madison to Obtain Permission from State men, selected by 300 farmers merchants, have instructed go and seek permission for the selling of stock bank replace the Farmers' State bank, closed two months The state banking commission took the State bank after found that the treasurer the town York. was cashier the bank. short $13,000. When the official died. started the depositors dropped from 250 50 few The six men will apply for for the Henry Williams. Bluett, Fred Hart. Fred Tyler. G. H. Hrach and Herman Braatz.