Home Bank (Blair, WI)

Episode Information

Episode UID
79045571565
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7904557 routing
Routing Number
79-0455
Start Date
May 1, 1930*
Location
Blair, Wisconsin (44.294, -91.235)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2e8c4c78419b85fb

Response Measures

None

Description

Bank voluntarily surrendered operations and passed into receivership in May 1930 before reopening in December 1930.

Events (3)
1. May 1, 1930* Other
Newspaper Excerpt
passed into receivership in May, 1930 (article states bank passed into receivership in May, 1930)
Source
newspapers
2. May 27, 1930 Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors voluntarily surrendered operations because of inadequate cash reserves; state banking department took charge
Newspaper Excerpt
Home Bank at Blair Suspends...voluntary surrender by the board of directors on account of cash reserves
Source
newspapers
3. December 1, 1930 Reopening
Newspaper Excerpt
The Home Bank of Blair...reopened their doors this morning / reorganized and reopened December 1, 1930
Source
newspapers

Newspaper Articles (5)
1. May 28, 1930 The Capital Times Madison, WI
Article from The Capital Times, May 28, 1930

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Article Text

Home Bank at Blair Suspends Directors Act Voluntarily, Dept. Announces The Home bank, Blair Wis suspended operations Tuesday by "voluntary surrender by the board of directors on account of cash reserves the state banking department announced today This the 17th state bank since Jan to suspend Organized 1899 the bank has capital of $30,000 surplus of $26,000 profits 438 loss and discount $500,000 deposits $450,000 Officers are O. B. Borsheif president G Solberg president and E Benson cashier Scowenker state banking missioner said today that bank suspen sions in Wisconsin with in 1929 are still below the national average of per cent The net loss as result of these suspensions will probably be less than one-sixth of one per of the total state bank resources Mr. Schwenker predicted, since two-thirds of the banks will be reorganized and sets liquidated They pay depositors from 65 85 cents on the dolJar and in some cases 100 per cent.

2. December 13, 1930 Wisconsin State Journal Madison, WI
Article from Wisconsin State Journal, December 13, 1930

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Article Text

Elroy Bank Closes, Two Others Open Blair, Plymouth Banks Resume Business After Suspensions Two Wisconsin state banks, the Home Bank of Blair and the Plymouth Exchange bank, which have been in charge of the state banking department reopened their doors this morning, while another state bank suspended operations and placed its assets in the charge of the department. The bank to close its doors was the State Bank of Elroy. It is hoped to reorganize this bank so that it can resume business in the near future The Home of Blair resumed with capital of $30,000 and with P. Ibach. president: H. E. Stumpf, vice-president, and D. E. Bersing, cashier. The directors are: J.J. Ourodnik. A. E. Nehring. C. (Continued on pag 4 column 8)

3. December 14, 1930 The Des Moines Register Des Moines, IA
Article from The Des Moines Register, December 14, 1930

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Article Text

SUIT DEMANDS N. Y. BANK PROBE Bank of United States' Stockholder Asks an Accounting NEW YORK Phe Bank of United States has been named defendant In sult demanding an accounting and calling for an investigation of the institution's affairs Max E Bloch chairman of a stockholders' protective committee, filed the action in Westchester county supreme court The bank was closed Thursday by Joseph Broderick state superintendent of banking Restrain Bank in East. HARTFORD CONN The Trust of New Britain, capitalized at $500.was restrained from paying out deposits Saturday afternoon by the state bank commissioner. Elroy Wis Bank Closed. MADISON, The banking department anthat the State Bank of Elroy was closed Saturday on action of its board of directors. The bank last statement showed a surplus of 000 and deposits of The banking departalso the reopening of the Home bank of Blair of $30,000 and that of the Plymouth Exchange bank of Plymouth, capitalized for $50,000 Union City, Ind., Bank Fails. APOLIS state banking department was notified Saturday of the closing of the Union Loan and Trust company at Union The institution was capitalized at $50,000, with deposits of $455,000. Michigan Depository Closed. BRIDGM MICH The Bridgman State bank failed to open its doors Saturday The bank, fifteen years old. had deposits of approximately $500,000 and was capitalized at $20.000. Illinois Bank Closed. SESSER. ILL. (P)-The First National Bank of Sesser failed to open Saturday The bank was capitalized at $25,000 and was the only depository here.

4. March 1, 1932 The La Crosse Tribune La Crosse, WI

Article Text

BANK CONSOLIDATION AT BLAIR COMPLETED Mattison is President of New Union State Company BLAIR, Wis. — (Special.) — The consolidation of the First National bank and the Home bank of Blair was completed Saturday with the election of officers. The new bank will be known as the Union State bank. The board of directors includes Ole G. Eggum, Thomas Mattison, B. A. Van Gorden, Victor Thompson, H. E. Stumpf and Charles Gibson. Thomas Mattison was chosen president, and Charles Gibson vice president. William Melby, Hillsboro, a son of Anton Melby, Whitehall, was named cashier, and Robert Gilfillan and Delbert Bersing, assistant cashiers. The First National bank was organized in 1915 with John Thompson as president. A. B. Peterson was president for several years, and for the last few years Thomas Mattison has been president. Other men connected with this bank in the seventeen years of its existence have been Ernest, Basil and Eugene Peterson, Omer Houkum, Robert Gilfillan, A. N. Garson, Pearl Peterson and Mabel Olson. The Home bank of Blair was reorganized and reopened December 1, 1930, with S. P. Ibach, Alma, president, and Delbert Bersing, cashier, after having passed into receivership in May, 1930. The new institution will be housed in the First National bank building. U. S. railroads carry 95 per cent of all freight.

5. September 8, 1932 The La Crosse Tribune La Crosse, WI

Article Text

COWIE WILL PRESIDE AT REGULAR SESSION OF WHITEHALL COURT Twenty-seven Cases Listed on Calender for Consideration Monday Morning WHITEHALL, Wis. — (Special) — The September term of circuit court will open Monday at 11 o'clock Judge R. S. Cowie presiding. The calendar will be called and dates for cases requiring jury trials will be set. The jury is called for Tuesday at 10 a. m. The calendar contains 27 cases of which 12 are criminal matters and 15 civil issues. Ole B. Borsheim, former president of the defunct Home Bank of Blair, faces charges of receiving deposits at the bank totalling $381.80 after he was alleged to have known that the bank was insolvent; M. L. Dahl, officer of the Unity Co-operative Creamery at Strum, is charged with embezzeling of more than $10,000 of the funds of the creamery. Mr. Borsheim is represented by O. J. Eggum, Whitehall attorney, while Barlow and Fugina appear for Mr. Dahl. Contests Driving Charge Albert Koldunski, supported by Barlow and Fugina is contesting a case of drunken driving which was alleged to have occured at Dodge last spring. Other cases on the criminal calendar include a bad check charge against C. W. Wallace, Augusta livestock dealer, and an Illegitimacy action against Clarence Waldera, Arcadia; Clifford Risberg, who is serving time in the county jail on conviction of writing a worthless check has a charge of obtaining money under false pretenses against him; Hans Kludby, illegitimacy. Five of the criminal issues will be held over term. These are cases against Ed Meyers, who escaped from the county jail while awaiting trial on a charge of burglarizing the Centerville creamery and has been apprehended and is serving time on another count; Ray Willier Eleva, charged with non-support, is at large; George and Emmert Becker and Mike N. Lipinski, charged under separate cases of trapping and fishing in the Delta Fish and Fur Farms Wild Life Refuge, will have their cases continued pending the decision of the supreme court. The following jury issues have been listed: Drs. E. Evans, W. E. Bannen, M. A. McCarty, J. A. Evans and E. F. Evans versus Minnie Frenholz, action to collect fees; Weyenberg Shoe Manufacturing Company versus Harvey Kongsgaard, Whitehall merchant, action to collect debt; Knudtson Auto Company of Blair versus T. G. Van Tassel of Whitehall, action to collect debt; Oluf Anderson, trustee of Segregated Trust of the Home Bank of Blair versus O. A. Breaky and O. B. and Delilah Borsheim, action on note; J. I. Case company versus B. B. Olson, Whitehall implement dealer, action on note; Pauline Coyle versus Nettie Bright, damage action for personal injuries and damage to car following auto accident a year ago.