City National Bank (Oshkosh, WI)

View Charter #9347 on SPMC View balance sheet

Episode Information

Episode UID
934701597
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
93470 national
Charter Number
9347
Start Date
January 31, 1933
Location
Oshkosh, Wisconsin (44.025, -88.543)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0311ef6851e276a0

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-01-31
Date receivership terminated
1938-03-11
Share of assets assessed as good
40.9%
Share of assets assessed as doubtful
47.9%
Share of assets assessed as worthless
11.1%

Description

Receiver L. J. (L. A.) Bosworth is repeatedly named; bank was closed and in federal receivership in early 1933.

Events (4)
1. February 16, 1909 Chartered
Source
historical_nic
2. January 31, 1933 Receivership
Source
historical_nic
3. January 31, 1933 Receivership
Newspaper Excerpt
L. J. Bosworth, receiver for the City National bank at Oshkosh, has been appointed receiver for the Citizen's National bank of Appleton. The new assignment was made yesterday by J. F. T. O'Connor, comptroller of currency at Washington, D. C.
Source
newspapers
4. January 31, 1933 Suspension
Cause
Government Action
Cause Details
Closed and placed in receivership by the Comptroller of the Currency; receiver appointed and receiver's statement issued Jan. 1933.
Newspaper Excerpt
the City bank. the thorized by the comptroller of the statement based on conditions the bank 1933, the its suspension, was folreceivable.
Source
newspapers

Newspaper Articles (13)
1. March 11, 1933 The Oshkosh Northwestern Oshkosh, WI

Article Text

FOR FILING BANK CLAIMS WILL BEGIN ON MONDAY Depositors in City National Bank Will Take Preliminary Steps to Secure Their Money Filing of claims for all deposits held National bank begin Monday, official notice given today by Bosworth, receiver. Claims must be filed on special blanks the bank. The receiver and his will assist filling claims, and will be present minister the for the claims. period has been file claims. than 13,000 claims are eligible for registration. order that no congestion during the days the file claims period, has to apply during the In this special have persons certain initials file claims. The initials considered are those of the family ORDER The alphabetical for today March and March and Thursday, March and March and March March 20, and Tuesday, March and Wednesday March March March Saturday, March alphabetical routine completed once, expected that greater proportion claims been filed, and the miscelclaims will have for the greatest importance, that the claimants the to them, book, cashier's check, draft or other dence. the claim filed by an adminother other than the original claimant, certificate authority must attached the unless such authority already been filed with bank. certified copy of the court order appointing acceptable. Members firms officers corporations must. course, make their affidavits individuals. should used and for said county John Smith Co. John Smith, who treasurer John Smith the bottom of the claim blank the affidavit should "Due and payable to John Smith DEFERRED Acceptance of claims for school thrift will be ferred for least awaiting the comptroller the currency to procedure handling this spetype the bank show there school counts which total the sum of $12,School authorities are requested school children holding such type of posit withhold filing during the first 30 days of the three months filing period. today's the time for filing claims. the the City bank. the thorized by the comptroller of the statement based on conditions the bank 1933, the its suspension, was folreceivable. hand. other assets, listed for Jan. unsecured. secured pledge assets the bank. none: and secured pledges the the sum Total liabilities listed for Jan. 25 were OF JAN. 1933 The information the receiver's statement the finanthe City National compiled the close business Only value of assets contained statement. while actual determined collections on other assets later date. capital and surplus included in the statement liabilof the comptroller currency the States strictly forbid the give other than out One the reasons for fusing regarding the condition the bank the timated recovery creditamong claims after the issuance of ceiver's These certificates available each days the the receipt obtained by the claimorder the records of the must properly recordaccepted the receiver receiver's certificate posited collateral loan brought back to the office the payment the order that the original can be

2. March 14, 1933 The Oshkosh Northwestern Oshkosh, WI

Article Text

MANY Approximately 400 Persons Visit City National to File. Work is Moving Along Swiftly Approximately 400 persons peared the City National bank, Monday. file claims for their rious accounts. These 400 persons eliminated about 800 separate liabilities, some the customers filed for accounts. which they had money when the bank closed. Claims filed Monday were people whose surnames began stated included about separate liabilities, indicating that the filing terday good progress alphabetical for filing included the initials PREVENTS CONGESTION alphabetical effecfor next weeks, pected to out satisfactorily, did yesterday prevent gestion and confusion during daily banking hours Analysis the lists was made the routine arranged. and the lists were divided dividual for each At the the present staff workers filling out proofs claims, two notaries. busy daily from and from MAY REPRESENTED developed today that some positors come to the bank aged to make the trip to the bank conveniently For sons unable come the receiver has agreed to the lowing plan: The depositor who cannot come the bank should delegate another person to appear the and responsible for filling out proof claims sheet This sheet should then be taken the actual that person should make necessary signatures the presence public important that claims be notarized

3. April 17, 1933 The Oshkosh Northwestern Oshkosh, WI

Article Text

DEPOSITORS OF NATIONAL WILL ORGANIZE Individuals Who Had Money in Bank and Are Not Stockholders to Meet Wednesday Night Depositors in the closed City National bank, who are neither stockholders nor debtors to the bank. Wednesday evening o'clock Merrill school auditorium. purpose organizing for the protection of their mutual inSeveral men in Oshkosh, themselves closed bank, taken initiative calling the for Wednesday. They that terests can protected by an organization which act Benjamin Lampert, one of the will temporary be principal to explain the necessity for an ganization depositors. organization is set up for the Luchsinger said, will authorized investianalyze formation, pertaining the bank its MAKE result of analysis, and submitted the depositors for their endorsement approval. organization set for the depositors, said, not be empowered to bind any positors. individually any agreement. Matters this kind quire the support the tion whole, stated. The purpose of depositors' leaders move will to too hasty action. for reorganizathe other propositions. depositors, as particiany or until affairs been analyzed by their group seek to cooperate the bank the and interests. general program the institution. announced.

4. April 20, 1933 The Oshkosh Northwestern Oshkosh, WI

Article Text

COMMITTEE NAMED BY DEPOSITORS OF THE CITY NATIONAL Benjamin H. Lampert to Head Body Authorized at Meeting Held in the Merrill School Auditorium Depositors of the closed City National bank. meeting Wednesday night in the Merrill school auditorium. voted for the appointment of a committee. authorized to investigate and analyze the bank's financial condition in their behalf Terms of the resolution adopted specified Benjamin H. Lampert as chairman. and gave him power to appoint six other persons to compose committee of seven Although his selections were not officially announced at the meeting Mr. Lampert said later that his appointment would include the six persons, besides himself. who had been sponsors for the depositors meeting In that arrangement. the depositors' committee will have the following personnel Benjamin H. Lampert, chairman: R. Morris Redford. Frank J. Sullivan, Miss Anne Cleavland, Dr R L. Klaeser, Francis S Lamb and S. J. Luchsinger INSTRUCTED TO COOPERATE The resolution empowered the committee to secure all available information of the bank's finances, and form thereon to be submitted to the depositors The group was instructed to cooperate with the protective committee already functioning for the stockholders The depositors committee will have no power to bind depositors individually or collectively to any plan or course of action. Depositors. in turn, were requested not to sign any waivers. consents or agreements or subscribe to any plans that may be developed until the committee has had opportunity to analyze and make report Regarding actual information about the bank's finances. nothing developed, and S. J. Luchsinger, principal speaker acknowledged that no tangible figures have yet been issued by the receiver and those in charge of the bank at the present time Mr. Luchsinger declared that liquidation of the City National bank is not desired. but that plan should be evolved to organize new bank for that location Whatever plan is developed should not jeopardize the interests of the present depositors. he stated. QUESTIONS PROGRAM Before action was taken on the resolution authorizing the appointment of the committee, G C. Scholz questioned the program as being "loo hasty" in view of the fact that the stockholders committee. already at work. had promised to give depositors the benefit of its findings. He suggested that F. B. Keefe, of the stockholders committee. who was in the audience. should have opportunity to address the meeting. to give whatever information he could that might be of concern to the depositors. His suggestion did not carry, as persons in various parts of the hall called "Question! Question! and Mr. Lampert prepared to put the vote Before the vote. however, another voice called out. asking how the committee would be financed. Mr. Lampert reported that he, personally, would pay the expense of the committee. up to such time as outside help would be considered necessary He said the group could reimburse him or not. at some future time, if depositors saw COMPARES STATEMENTS Following adoption of the resolution, which was the principal item of business. Francis S. Lamb was called to the platform. and in brief analysis he compared the bank's last published statement of December. 1932. with the receiver's statement of affairs, issued March 31. and now posted in the bank lobby He explained some of the terms, but agreed that the information was too vague to be of practical use in trying to find out definite As other calls for Mr. Keefe were heard from various parts of the hall. Mr. Lampert announced that the purpose of the meeting had been completed and that adjournment was in order The motion to adjourn was carried. and then Mr. Lampert invited Mr. Keefe to speak. Mr. Keefe's talk is summarized in another news story appearing in this issue.

5. May 3, 1933 The Oshkosh Northwestern Oshkosh, WI

Article Text

DATE FOR HEARING ON IS BY THE COURT Judge Fixes Time for Presenting Testimony in Matter Instituted By Trust Company Hearing on objections of The First company now trustee trust under the Julia Stanhilber estate. the accounting of the former trustees. Hennig. president closed City National bank. and Henry Barber, director the bank has been set by County Judge McDonald for June The date was set Tuesday, when appearances attorneys were noted. no testimony was taken Privilege examining Barber and Hennig adversely been demandtrust company, and these examinations are to be held before court May 18. interests are to be represented at the hearing June Unterms the will of Mrs. Julia Stanhilber who property mated of $500,000. the city Oshkosh named beneficiary, also may be represented at hearing CREATED BY WILL The Mrs. mothFred created the trust involved. Fred Stanhilber bonis the estate his deceased father, John Stanhilber The the mothno court record disposal his property all which, aplater included part the Mr. Hennig and Mr Barber tees under her and withdrew Those in court includCharles and Eugene Williams for the company, Bouck for the bank's receivWalter Patri, for former trustees. and Herriott. Lines, the United States and Guarantee supplied the bond the ORDERED SERVED Copies the Mr. Barber Mr Hennig these Fred Stanhilber, Mead Happ. beneficiary the Julia hilber city Oshkosh. been made chiefly information and belief, appears. While on file county court, they have not been before the court and their tents before the court session either in whole in part. the explanathe county judge. the contents are not privileguntil the allegations have been brought before him.

6. June 29, 1933 The Post-Crescent Appleton, WI

Article Text

L. J. Bosworth, receiver for the City National bank at Oshkosh, has been appointed receiver for the Citizen's National bank of Appleton. The new assignment was made yesterday by J. F. T. O'Connor, comptroller of currency at Washington, D. C. The Citizen's National bank was taken over by the First National bank and the federal receiver will have only the responsibility of collecting an assessment levied against stockholders of the bank. This new appointment is the fifth receivership in which Mr. Bosworth is now acting as receiver. In addition to his responsibilities at Oshkosh and Appleton, he is also receiver for banks being liquidated at Green Bay, DePere and Oconto. For a time he was conservator for a bank at Fond du Lac.

7. August 20, 1934 The Oshkosh Northwestern Oshkosh, WI

Article Text

STANHILBER CASE First Trust Company, Trustee in Oshkosh Woman's Estate, Files Action Against Bank Receiver Here First Trust in the Julia Stanhilber, receiver the City National Bank Oshkosh succeeded Hennig Henry Barber resignations The phase lengthy adminisStanhilber estate damages totaling been in the Winnebago county court against Hennig and Barber On Sept. 1933. the United States Fidelity and Guaranty surety on the bond the was ordered to pay that amount order signed George Kroncke, Madison. WOULD ESTABLISH TRUST The bill filed Saturday seeks trust for Stanhilber in certain assets held by Bosreceiver for bank Bebank closed. Hennig president and one the directors the and charged loaned estate moneys creditors of the bank enable them to make good their indebtedness Williams Williams of Oshkosh. the attorneys. allege their bill that Hennig and Barber ceeded violated their powers under the provisions the will. permitted them to tain part the residue the investments which deemed addition conferred upon them usual powbuying and selling. collectcompromising debts. investinterest securibonds, loaning and forth WAS FINANCIAL ADVISER Hennig acted financial adviser Stanhilber since the death husband in 1896 The attack his trusteeship began shortly after the marriage Fred hilber to Mrs. Ynez Enid Steinhilber since 1929 had lived family mansion Fred and his Mary Mead Happ After marriage petition was filed county court alleging no ventory estate had ever asking an immediate counting Several later document filed in the register deeds power Hennig behalf of such power on the First Trust the Mrs Happ died before her she voidlarge fortune Mead and another leaving WILL CONTESTED This contested by Mrs Bernice Spoo. this Judge Racine Oshkosh. set the aside upon the ground of uninfluence. result of the decision. if Spoo will with Mrs county court similar suit would instituted the matter the Mary Happ estate In that matter made the recently aside County Judge Simpson, Racine.

8. September 14, 1934 Wausau Daily Herald Wausau, WI

Article Text

SEE DAMAGE AMOUNT Oshkosh, Sept. 14.-(P)-Action to obtain court determination of the amount of damage, if any, to which the Mary Mead Happ estate is entitled due to actions of the defunct City National bank's president, A. T. Hennig, had the authorization today of county court. Hennig formerly was agent for Mrs. Happ whose estate now is under special administration of the First Trust company. Claims of almost $100,000 have been filed by the Happ estate against the bank's receiver. Fossil remains of the great armored fish which is said to have swum in the seas that covered Michigan millions of years ago are to be sought in the northern portions of the lower peninsula of the state.

9. September 14, 1934 The Post-Crescent Appleton, WI

Article Text

Court to Pass Upon Damage to Happ Estate Oshkosh—(AP)— Action to obtain court determination of the amount of damage, if any, to which the Mary Mead Happ estate is entitled due to actions of the defunct City National bank's president, A. T. Hennig, had the authorization today of county court. Hennig formerly was agent for Mrs. Happ whose estate now is under special administration of the First Trust company. Claims of almost $100,000 have been filed by the Happ estate against the bank's receiver.

10. September 14, 1934 The La Crosse Tribune La Crosse, WI

Article Text

$100,000 ASKED OF BANK RECEIVER OSHKOSH, Wis. — (AP) — Action to obtain court determination of the amount of damage, if any, to which the Mary Mead Happ estate is entitle due to actions of the defunct City National bank's president, A. T. Hennig, had the authorization Friday of county court. Hennig formerly was agent for Mrs. Happ, whose estate now is under special administration of the First Trust company. Claims of almost $100,000 have been filed by the Happ estate against the bank's receiver. Expenditures of China's central government for the current fiscal year ending July 1, 1935, are expected to exceed $250,000,000.

11. December 11, 1934 The Post-Crescent Appleton, WI

Article Text

Suit for $64,000 Filed in Estate Case at Oshkosh Action Launched in U. S. Court Against A. T. Henning and Bank Receiver Milwaukee—(AP)—A suit for $64,468 was filed in federal district court yesterday by the First Trust Company of Oshkosh, administrator of the Mary Mead Happ estate, against A. T. Henning and the receiver of the City National Bank of Oshkosh. The complaint alleges the sum should be returned to the estate on the ground that Henning, while attorney in fact for Mrs. Happ and at the same time president of the bank, used funds from her estate to make loans to debtors of the bank so that they could pay the bank. Such loans, the complaint said, total $26,759 and include one for $16,950 to the Pine-Ihrig Machine company, Oshkosh, which is alleged to have been in such condition at the time that it was settling its debts for 20 cents on the dollar. The complaint further asserts that Henning invested $8,500 of Mrs. Happ's money in securities which have lost much in value and that he kept the woman's checking account in his bank at an average of $13,000 for 10 years and thus deprived her of $3,209 in interest. An additional $2,000 was asserted involved in another loan. L. A. Bosworth is receiver for the City National bank.

12. December 11, 1934 The Post-Crescent Appleton, WI

Article Text

Milwaukee—(AP)—A suit for $64,468 was filed in federal district court yesterday by the First Trust Company of Oshkosh, administrator of the Mary Mead Happ estate, against A. T. Henning and the receiver of the City National Bank of Oshkosh. The complaint alleges the sum should be returned to the estate on the ground that Henning, while attorney in fact for Mrs. Happ and at the same time president of the bank, used funds from her estate to make loans to debtors of the bank so that they could pay the bank. Such loans, the complaint said, total $26,759 and include one for $16,950 to the Pine-Ihrig Machine company, Oshkosh, which is alleged to have been in such condition at the time that it was settling its debts for 20 cents on the dollar. The complaint further asserts that Henning invested $32,500 of Mrs. Happ's money in securities which have lost much in value and that he kept the woman's checking account in his bank at an average of $13,000 for 10 years and thus deprived her of $3,209 in interest. An additional $2,000 was asserted involved in another loan. L. A. Bosworth is receiver for the City National bank.

13. December 12, 1934 Kenosha News Kenosha, WI

Article Text

Estate of Woman in Courts Again Suit Filed to Recover Money From Bank Receiver for Estate of Eccentric Widow Milwaukee —(U.P.) —The estate of the eccentric Mary Mead Happ, wealthy Oshkosh widow, was in the courts again today after a suit to recover $64,468 from A. T. Hennig and the receiver for the City National Bank of Oshkosh was filed in federal court here. The complaint, filed by the First Trust company of Oshkosh, administrator of the estate, charges that Hennig, former attorney for Mrs. Happ and president of the bank, used money from her estate to loan to individuals and firms so that they could pay debts to the bank. Mrs. Happ's will, which left her million dollar estate to her nephew, Fred Stanhilber, was broken by a niece, Mrs. Bernice Spoo, in a sensational trial at Oshkosh. Rear Admiral Halligan Dies Bremerton, Wash.—(AP)—Rear Admiral John Halligan, 57, commandant of the 13th naval district, died here last night.