First National Bank (Manawa, WI)

View Charter #8710 on SPMC View balance sheet

Episode Information

Episode UID
871001611
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
87100 national
Charter Number
8710
Start Date
March 14, 1934
Location
Manawa, Wisconsin (44.464, -88.920)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ac82b53de8fb6a8d

Response Measures

None

Receivership Details

Depositor recovery rate
84.2%
Date receivership started
1934-03-14
Date receivership terminated
1938-02-24
Share of assets assessed as good
36.5%
Share of assets assessed as doubtful
55.9%
Share of assets assessed as worthless
7.7%

Description

Bank had been operating under a moratorium prior to the comptroller placing it in receivership.

Events (4)
1. May 25, 1907 Chartered
Source
historical_nic
2. March 14, 1934 Receivership
Source
historical_nic
3. March 14, 1934 Receivership
Newspaper Excerpt
Pending action to be taken by the receiver, L. H. Miller ... the First National bank of Manawa has suspended all business and closed its doors.
Source
newspapers
4. March 14, 1934 Suspension
Cause
Government Action
Cause Details
Order placing the bank in the hands of a receiver by the Comptroller of the Currency after a year-long moratorium.
Newspaper Excerpt
the First National bank of Manawa has suspended all business and closed its doors.
Source
newspapers

Newspaper Articles (2)
1. March 16, 1934 The Post-Crescent Appleton, WI

Article Text

Manawa Bank in Receiver's Hands Institution Had Been Operating on Moratorium For Past Year Pending action to be taken by the receiver, L. H. Miller, Winneconne, and the return of G. C. Ritchie, Manawa, conservator, and A. C. Lindsay, president, from Washington, D. C., the First National bank of Manawa has suspended all business and closed its doors. The bank has been operating under a moratorium plan for the last year. About $300,000 is tied up in deposits, it is said.

2. March 16, 1934 The Post-Crescent Appleton, WI

Article Text

Pending action to be taken by the receiver, L. H. Miller, Winneconne, and the return of G. C. Ritchie, Manawa, conservator, and A. C. Lindsay, president, from Washington, D. C., the First National bank of Manawa has suspended all business and closed its doors. The bank has been operating under a moratorium plan for the last year. About $300,000 is tied up in deposits, it is said. The bank president and conservator went to Washington, D. C., Monday to inquire what could be done to put the bank on a sound basis again. Before they arrived in Washington the order placing the bank in the hands of the receiver was received from the comptroller of currency. It is not known what the two officers learned on their arrival at Washington.