National Bank (De Pere, WI)

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Episode Information

Episode UID
646901586
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
64690 national
Charter Number
6469
Start Date
February 15, 1932
Location
De Pere, Wisconsin (44.449, -88.060)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
18850084c6973ba9

Response Measures

None

Receivership Details

Depositor recovery rate
54.2%
Date receivership started
1932-02-16
Date receivership terminated
1937-12-28
Share of assets assessed as good
22.2%
Share of assets assessed as doubtful
39.8%
Share of assets assessed as worthless
37.9%

Description

Closure followed discovery of misappropriation by the cashier Omer M. Kiley; receiver appointed.

Events (4)
1. October 23, 1902 Chartered
Source
historical_nic
2. February 15, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors closed the bank after discovery of large misappropriations by cashier Omer M. Kiley.
Newspaper Excerpt
When the bank was closed by der of the directors on Feb. 15.
Source
newspapers
3. February 16, 1932 Receivership
Source
historical_nic
4. February 16, 1932 Receivership
Newspaper Excerpt
Spends First In SeDay clusion... Bosworth, receiver, in going over the accounts. ... the bond executed the banker's brother Walter Kiley. and William of Pere Bosworth has that 79 stockholders the bank will be sessed
Source
newspapers

Newspaper Articles (11)
1. March 11, 1932 Green Bay Press-Gazette Green Bay, WI

Article Text

BAIL; TO RECEIVER Spends First In SeDay clusion, May Make Statement Later. DE PERE Wis Released the county der Omer M. former cashier of the De Pere National bank. was ready to help out the institution's tangled affairs today Kiley arrived De Pere on the Milwaukee road train night. in company his brother. W. Kiley. also one of men He went directly to his home and remained in clusion intimated that he might have statement later. Kiley was his arrest by United States orities Feb. charges embezzling more of the bank's funds. He has admitted the estimated the amount involved would total more Friends strenuous effort raise the bond that Kiley could Bosworth. receiver, in going over the accounts. The bond executed the banker's brother Walter Kiley. and William of Pere Bosworth has that 79 stockholders the bank will be sessed

2. April 26, 1932 The Post-Crescent Appleton, WI

Article Text

KILEY PROFIT TO HELP PAY CLAIMS DePere Bank Receiver Sues for Made in Stock Transaction Milwaukee Omer M. Kiley, former mayor of DePere, charged with about $200,000 from the National Bank DePere made many futile ments the stock market, revealed circuit today, but deal there profit of and that sum will the claims against Kiley, cashier of bank. The profit was made through the the stock the National City bank New York, check for the money held here for Kiley the rine Exchange of the bank, the check, and in courts Kiley for naming the Marine National defendant. established he had judgment against Kiley note the bank. Otto H. to day ruled that the money held help satisfy that judgment. bank turned the check to Bosworth's Kiley, since his release from the of 000, has been assisting tangled affairs the DePere CANDIDATE FOR The office of Charles Crisp day made known that the distinguished Georgia had nounced as candidate for the senate.

3. May 18, 1932 Green Bay Press-Gazette Green Bay, WI

Article Text

$57,000 OF CLAIMS NOT FILED AGAINST CLOSED DE PERE BANK Receiver Requests That Depositors Present Claims to Avoid Disallowance. DE PERE days remain filed against the National bank of De Pere. clos. Feb. and claims aggregating nearly not been filed by was said today the receiver, Bos worth. Those who have neglected file their claims asked by worth do without further delay. When the bank was closed by der of the directors on Feb. 15. after

4. February 18, 1933 Marshfield News-Herald Marshfield, WI

Article Text

FILES SUIT Milwaukee, Feb. 18—(AP)—L. J. Bosworth, receiver for the closed National Bank of DePere, filed suit in federal court yesterday to collect $7,000 from the C. A. Lawton company of DePere on a promissory note held by the bank. A similar suit for $500 against the Auto Exchange, Inc., Green Bay, also was filed.

5. October 23, 1933 Green Bay Press-Gazette Green Bay, WI

Article Text

APPROVE BID ON OF BANK SITE Judge F. A. Geiger Authorizes Sale to Frank Schumerth. DE PERE-Authority to sell the lot, building. fixtures and furnishings of the National bank of De Pere to Frank Schumerth was granted by Judge F. A. Geiger in federal court, Milwaukee, Saturday, to the bank receiver, L. Bosworth, according to Jerome R. North, the receiver's attorney. The bid of $10,000, submitted sevetal weeks ago by Mr. was not the date of the expiration notices by the receiver, and the sale to the De Pere furniture and undertaker was approved. Formal transfer of the property will shortly. it assumed, although Mr. Bosworth was not his office today to confirm such an Although Mr. Schumerth is buying the property of the bank, which was closed Feb. 15. 1932, it is not his intention to hold it, it is understood. Negotiations for the acquisition of the building and furnishings to the State bank of De had been discussed by the officers Mr. Schumerth filed his and understood that the are to meet at convenient this week further into the deal. The National bank building larger than the and occupied, by the State bank, contains greater vault space. Both properties are lo. cated the Broadway, between George and James-sts.

6. October 31, 1933 Beaver Dam Daily Citizen Beaver Dam, WI

Article Text

JUDGE GEIGER PRESIDES AT GREEN BAY HEARING GREEN Federal Judge Geiger, Milwaukee. day opened hearing on actions recover bonds from the closed National Bank DePere. The against Bosworth bank receiver allege certain bonds were placed the bank. for safekeeping and should not be considered as part the bank's assets. Omer Kiley, cashier now term at Leavenworth prison for the institufunds, was here der guard testify in the

7. October 31, 1933 News-Record Neenah, WI

Article Text

Seek To Recover Bonds From Bank By United Press Green Bay. — Federal Judge F. A. Geiger, Milwaukee, today opened a hearing on actions to recover bonds from the closed National Bank of DePere.

8. October 31, 1933 News-Record Neenah, WI

Article Text

By United Press Green Bay. — Federal Judge F. A. Geiger, Milwaukee, today opened a hearing on actions to recover bonds from the closed National Bank of DePere. The suits, against L. J. Bosworth, bank receiver, allege certain bonds were placed in the bank for safekeeping and should not be considered as part of the bank's assets. Omer Kiley, former cashier now serving a term at Leavenworth prison for misappropriating the institution's fund's was brought here under guard to testify in the actions.

9. November 1, 1933 The Waukesha County Freeman Waukesha, WI

Article Text

OPENS HEARING TO RECOVER BONDS GREEN Wis., Oct. Judge F. Geiger, Milwautoday opened hearing on actions recover bonds from the closed National Bank of De Pere. The against Bosbank receiver, allege certain bonds were placed in the bank for and should not be considered as part of the bank's assets. Omer Kiley, former cashier now serving term prison for the infunds, brought here under guard to in the testify

10. November 1, 1933 Kenosha News Kenosha, WI

Article Text

Wins Judgment Against Bank DePere Man Awarded Judgment Against Bank Receiver by Geiger Green Bay, Wis. — (U.P.) — Joseph Minch, De Pere, today held a $20,000 judgment against the receiver of the closed National Bank of De Pere. Federal Judge F. A. Geiger of Milwaukee entered the judgment for Minch in his suit to recover bonds placed in the bank for safekeeping. He charged that the bonds were taken by Omer M. Kiley, defaulting cashier, and converted to his own use. Kiley, brought here from Leavenworth penitentiary to testify, admitted that interest payments to Minch in the bank's records were fraudulent.

11. October 11, 1934 Green Bay Press-Gazette Green Bay, WI

Article Text

$59,447 ON HAND AT DE PERE NATIONAL BANK DE PERE-Cash in the hands of the receiver of the National bank of De Pere and of the comptroller the currency amounts to it revealed in the latest statement of conditions of the bank just issued by the receiver, L. Bosworth does not include $10.000 which agreed recently to pay while making a compromise offer the receiver. Total remaining uncollected assets amount to $230,067 the statement shows The amount of cash collected from and stock assessment is since the receiver began functioning in February of 1932. the the bank suspended operation Collections from other est. premium, rent, etc., bring the total to $383,173.