State Bank (Three Lakes, WI)

Episode Information

Episode UID
79078171480
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7907817 routing
Routing Number
79-0781
Start Date
April 11, 1923
Location
Three Lakes, Wisconsin (45.798, -89.163)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fe831ac3de78100b

Response Measures

None

Description

State examiners took charge in spring; receiver later declared a partial dividend.

Events (2)

1. April 11, 1923 Suspension
Cause
Government Action
Cause Details
State commissioner of banking closed the State Bank of Three Lakes and state department examiners took charge.
Newspaper Excerpt
Marshall Cousins, state commissioner of banking, announced that the State Bank of Three Lakes, Oneida county, had been closed and that examiners of the state department have taken charge of the institution.
Source
newspapers
2. September 19, 1923 Receivership
Newspaper Excerpt
the old State Bank of Three Lakes has declared a dividend of forty cents on the dollar to its stockholders and depositors. Further payments will be made by the receiver, D. E. Lamon, as fast as it can be collected. The bank closed its doors early this spring.
Source
newspapers

Newspaper Articles (4)

Article from West Bend News, April 11, 1923

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Article Text

BADGER STATE The total business of the United States post office in Watertown last month was 29 per cent greater than that of March, 1922, and greater than that of any other March in the history of the office. At the city election April 3, Lulu P. Shaw, daughter of the late Samuel Shaw, founder of Crandon, was elected mayor over Otto Bock. Miss Shaw is the first woman elected to city office in Crandon. Marshall Cousins, state commissioner of banking, announced that the State Bank of Three Lakes, Oneida county, had been closed and that examiners of the state department have taken charge of the institution. Paul H. Pressentin, state fuel administrator, has issued an appeal to the public to have its coal bins filled this summer in order to avert a coal shortage next winter. At the same time he appeals to retail coal dealers to conduct a campaign urging summer deliveries of coal. Leon W. Jewett, Dallas farmer, has been appointed president of the Dallas Holstein club and William Owen has been named secretary-treasurer. Arrangements were made by the club to hold a dairy show in June. Dallas Holsteins will be exhibited at the Barron county fair this autumn. The 1,060 patrons of the Barron Co-operative Creamery received approximately $80,000 for cream delivered to the creamery during February. The creamery received 480,234 pounds of cream and from this amount 135,884.2 pounds of butter fat were obtained. The price paid for butter fat was 58 cents. Believing that tuberculosis in cattle is a menace to public health, the village board has passed an ordinance requiring that any person or persons selling milk in Plainfield must produce a certificate showing that their cows have been tested and are free from tuberculosis. The ordinance will take effect May 1. The Rev. Edwin W. Todd, who was divorced recently from Mrs. Jeanne M. Todd on the charge of cruel and inhuman treatment, presented his resignation as rector of Trinity Episcopal church at a special meeting of the vestry. By unanimous vote, Mr. Todd was induced to withdraw his resignation and consent to remain in charge for at least one more year. The right of prohibition officers to search homes attached to places licensed to sell non-intoxicating beverages, without a warrant, was upheld by a decision of the Wisconsin supreme court. At the same time the court in another decision held that it was an invasion of constitutional rights for officers to search an automobile for liquor, without having a warrant. The Wisconsin State Mining school at Plattsville desires to get into communication with young men of the state who for any reason were obliged to leave school prior to their completion of the high school course and who later on felt the need of accidental education. The requirements for admission to the mining school are sufficiently elastic to admit students who have had no more than one year in high school, and in cases of mature young men they have sometimes been admitted even though they had no more than grade school training. Before the end of the month, highway construction on a $45,363,000 building and maintenance program for city and rural road improvement will be under way in Wisconsin, the state highway department advises. A. R. Hirst, state highway engineer, reports the present should be an important road building year. There is available for rural highway construction and maintenance, including state and county trunk highways, approximately $34,153,000, Mr. Hirst points out, in a table summarizing the prospective expenditures for the year. Cities, in addition, will spend approximately $10,150,000, this table shows. There has been an increase of $2,243,529.65 in all funds of the state over a year ago, according to an official statement issued by State Treasurer Solomon Levitan. In all funds there were $12,812,470.01, as compared with $10,568,940.46 one year ago. This is a remarkable showing of increase in the state treasury department. In the general fund of the state there were on April 1 of this year $8,554,982.23 as compared with $8,220,571.47 one year ago. Mr. Levitan announces that there is $1,378,949.93 in the working banks of the state; $11,432,655.36 in the special depositories. Mr. Levitan has followed the general policy of placing a good deal of the state's funds in the farmer's banks in the state to relieve the tax situation. The state treasury is in one of the most prosperous conditions of its history. Town, village and city treasurers of Price county have made their returns to the county treasurer and the amount of delinquent taxes for 1922 is several thousand dollars in excess of previous years. The total for 1922 amounts to $102,000 as compared with $90,000 in 1921, $60,000 in 1920 and $37,000 in 1919. M. L. Beaulleau, 71, of the town of Mountain, is under arrest in the Oconto county jail at Oconto, held for the murder of his son-in-law, W. M. Serbin, 45, as a result of a quarrel between the two at the former's home. Mr. and Mrs. Robert Truax, formerly of Merrill, died within 24 hours at Fort Francis, Ont., and their bodies were brought to Merrill for burial. Mr. Truax was formerly a member of the police force in Merrill and Dec. 31, 1889, suffered a bullet wound over his heart, the bullet remaining in his flesh until his death. Death was due in each case to influenza-pneumonia. Twenty-two new members were recently received into the Ladysmith chapter of the Service Star Legion, making it one of the largest chapters in northern Wisconsin. William R. Crukeet, Madison, was appointed deputy attorney general by Attorney General Herman L. Ekern, to succeed Ralph M. Hoyt, who is returning to the private practice of law. The Rev. Victor Gruber, of the town of Hamburg, died at Merrill of heart disease. He was pastor of several Lutheran parishes and was a musician of considerable ability. The Morning Star saloon, west of Peshtigo on the Oconto road, recently raided by Marinette officials, was closed for one year by an injunction issued by Judge W. B. Quinlan.


Article from West Bend News, April 11, 1923

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Article Text

The total business of the United States post office in Watertown last month was 29 per cent greater than that of March, 1922, and greater than that of any other March in the history of the office. At the city election April 3, Lulu P. Shaw, daughter of the late Samuel Shaw, founder of Crandon, was elected mayor over Otto Bock. Miss Shaw is the first woman elected to city office in Crandon. Marshall Cousins, state commissioner of banking, announced that the State Bank of Three Lakes, Oneida county, had been closed and that examiners of the state department have taken charge of the institution. Paul H. Pressentin, state fuel administrator, has issued an appeal to the public to have its coal bins filled this summer in order to avert a coal shortage next winter. At the same time he appeals to retail coal dealers to conduct a campaign urging summer deliveries of coal. Leon W. Jewett, Dallas farmer, has been appointed president of the Dallas Holstein club and William Owen has been named secretary-treasurer. Arrangements were made by the club to hold a dairy show in June. Dallas Holsteins will be exhibited at the Barron county fair this autumn. The 1,060 patrons of the Barron Co-operative Creamery received approximately $80,000 for cream delivered to the creamery during February. The creamery received 480,234 pounds of cream and from this amount 135,884.2 pounds of butter fat were obtained. The price paid for butter fat was 58 cents. Believing that tuberculosis in cattle is a menace to public health, the village board has passed an ordinance requiring that any person or persons selling milk in Plainfield must produce a certificate showing that their cows have been tested and are free from tuberculosis. The ordinance will take effect May 1. The Rev. Edwin W. Todd, who was divorced recently from Mrs. Jeanne M. Todd on the charge of cruel and inhuman treatment, presented his resignation as rector of Trinity Episcopal church at a special meeting of the vestry. By unanimous vote, Mr. Todd was induced to withdraw his resignation and consent to remain in charge for at least one more year. The right of prohibition officers to search homes attached to places licensed to sell non-intoxicating beverages, without a warrant, was upheld by a decision of the Wisconsin supreme court. At the same time the court in another decision held that it was an invasion of constitutional rights for officers to search an automobile for liquor, without having a warrant. Bailey is conducting a vigorous campaign to obtain the needed additional signers to the petition. Two flashily dressed young men forced their way into the home of Mrs. James Barclay, 75, Madison, and after slugging her, took $700 representing the woman's life savings, and escaped. Announcement was made at Christ Episcopal church, Green Bay, that a new parish hall, the cost of which will be approximately $50,000, would be the Easter gift of Mr. and Mrs. Mitchell Joannes, pioneer Green Bay residents, to the parish. While playing soldier, the 7-year-old son of Mr. and Mrs. John Figi, Monroe, picked up a 22 caliber rifle, intending to make the scene more realistic. The gun was accidentally discharged and the bullet struck his little brother, Charles, 4, in the face. Col. Ernst G. Timme, 79, a hero of the Civil war, secretary of the state of Wisconsin from 1881 to 1890, auditor in the treasury, postoffice and state departments at Washington for more than 15 years, died at his home in Kenosha after a long illness. He was one of the most prominent residents of southeastern Wisconsin. The White Lily Cheese factory, near Clintonville, met with exceptional success last year. It received a total of 955,075 pounds of milk for which the patrons received $1.78 per hundred. The plant produced a total of 91,506 pounds of cheese and 37,439 pounds of butter. The average test of the factory was 3.92 and an average of 10.46 pounds of cheese were made from every one hundred pounds of milk. The famous "Hurley cleanup" of 1920, in which a force of 50 federal dry agents raided every saloon in the notoriously wet Iron county town, came to naught when the grand jury at Madison returned a no bill in the


Article from Eagle River Review, April 12, 1923

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Article Text

NEWS OF THE BADGER STATE The total business of the United States post office in Watertown last month was 29 per cent greater than that of March, 1922, and greater than that of any other March in the history of the office. At the city election April 3, Lulu P. Shaw, daughter of the late Samuel Shaw, founder of Crandon, was elected mayor over Otto Bock. Miss Shaw is the first woman elected to city office in Crandon. Marshall Cousins, state commissioner of banking, announced that the State Bank of Three Lakes, Oneida county, had been closed and that examiners of the state department have taken charge of the institution. Paul H. Pressentin, state fuel administrator, has issued an appeal to the public to have its coal bins filled this summer in order to avert a coal shortage next winter. At the same time he appeals to retail coal dealers to conduct a campaign urging summer deliveries of coal. Leon W. Jewett, Dallas farmer, has been appointed president of the Dallas Holstein club and William Owen has been named secretary-treasurer. Arrangements were made by the club to hold a dairy show in June. Dallas Holsteins will be exhibited at the Barron county fair this autumn. The 1,060 patrons of the Barron Co-operative Creamery received approximately $80,000 for cream delivered to the creamery during February. The creamery received 480,234 pounds of cream and from this amount 135,884.2 pounds of butter fat were obtained. The price paid for butter fat was 58 cents. Believing that tuberculosis in cattle is a menace to public health, the village board has passed an ordinance requiring that any person or persons selling milk in Plainfield must produce a certificate showing that their cows have been tested and are free from tuberculosis. The ordinance will take effect May 1. The Rev. Edwin W. Todd, who was divorced recently from Mrs. Jeanne M. Todd on the charge of cruel and inhuman treatment, presented his resignation as rector of Trinity Episcopal church at a special meeting of the vestry. By unanimous vote, Mr. Todd was induced to withdraw his resignation and consent to remain in charge for at least one more year. The right of prohibition officers to search homes attached to places licensed to sell non-intoxicating beverages, without a warrant, was upheld by a decision of the Wisconsin supreme court. At the same time the court in another decision held that it was an invasion of constitutional rights for officers to search an automobile for liquor, without having a warrant.


Article from Vilas County News, September 19, 1923

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Article Text

Declares Dividend. According to notices received the old State Bank of Three Lakes has declared a dividend of forty cents on the dollar to its stockholders and depositors. Further payments will be made by the receiver, D. E. Lamon, as fast as it can be collected. The bank closed its doors early this spring.