gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d52144cc3688a5f0
Response Measures
None
Description
Closure in Aug 1932 followed by reopening Nov 1, 1932 with RFC assistance; some articles date closure as late August (Aug 20) while others report in early September.
Events (3)
1.March 11, 1867Chartered
Source
historical_nic
2.August 20, 1932Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank collapsed/closed, part of a chain failure of ten banks in Idaho and Oregon headed by the First National Bank of Boise; deposits tied up
Newspaper Excerpt
the First National Bank of Idaho and its nine ... closed their doors
Source
newspapers
3.November 1, 1932Reopening
Newspaper Excerpt
The First National Bank of Idaho opened its doors yesterday ... making available to depositors $10,000,000 in deposits tied up for two months ... funds secured from the Reconstruction Finance Corporation.
Source
newspapers
Newspaper Articles (12)
1.August 31, 1932The Times-NewsTwin Falls, ID
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Article Text
CITIZENS OF DAMAGE VOICE CONFIDENCE
Meeting Held in West City; Declare no Cause for Alarm
Business men, citizens of Buhl and farmers met at the city hall at Buhl this morning far the purpose of talking over the situation created by the failure the Buhl State Bank to keep its doors open after this morning. The unanimous opinion of the entire body was that there was no occasion for alarm and that business should proceed as usual. While nothing definite could be learned from the officials of the Buhl State Bank it is generally understood by people in the know that there was no reason whatever for closing the bank. The closing of the First NationBank of Boise, which the Buhl State is an affiliate, only in that directors of the two banks are the same, occassioned the closing of the Buhl State Bank but for such time only as necessary Iron out the difficulties of the Boise Bank, so far as could be learned from reliable sources at Buhl. While it is not known just what difficulties the Boise bank had definitely known that those difficulties will have no bearing on the Buhl state bank as the two banks art entirely separate. It is the general opinion of leading men and farmers in and about Buhl that there has been no bank failure and it will question of but short time before will have been ironed out. In the meantime the remaining bank. the Farmers National, is prepared to take care of the local needs in every way, both of their own customers and those who have their funds temporarily tied up in the Buhl State. Buhl has prided itself in the stability of its two banks and there has been no reason to date to change that attitude. Both Mr Barker of the Buhl State and Mr. Hamilton of the Farmer's National bank have been frequently criticised for their failure to make many loans but their attitude has been thoroughly vindicated and much credit is being given to these individuals for safeguarding the depositors' money.
Weather Forecasts Promise Rising Temperatures in Local District minimum temperature Tuesday night which in some places dropped freezing and was accompanied by frost, little damage to field crops was caused throughout this survey Wednesday morning revealed. In exposed spots gardens were nipped. some eusumber and melon vines were turned brown. some slight damage to bean foliage noted. few seattered fields, particularly around Eden and Hazelton, were hard hit, and was reported bean yields would be reduced in some In the Burley section it was reported that the frost was slight, with very little damage. The county agent's office at Jerome had no reports of frostdamaged field crops, while at Rupent was reported to be confined to garden vines. Reports from various points in Twin Falls county indicated bean foliage frosted somewhat in some sections. tbut not severely enough to reduce the yield. Tomato and garden plants were hit in some sections. however. An end to the unseasonable low which have threatened crops of South Central Idaho during the past three days was prophesied by the official weather report Wednesday, with rising forecast for Wednesday night and Thursday Official report from the bureau of entomology recorded Tuesday night's minimum temperature here 32.5 degrees.
2.September 1, 1932Baker City HeraldBaker City, OR
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Article Text
Two Banks in Boise Valley Closed Today
BOISE Idaho. Sept. Two banks in the Boise valley closed today. the Parma National bany and the Eagle state bank. The First National bank at Parma remined open nd the cashier reported only a slight run. The Eagle State bank was cap italized at and had deposits of $117,000 on the June 30 bank The Parma National bank was capitalized at $25,000 and had $10.000 surplus. The amount of deposits could not be learned here. Ten banks in western Idaho and eastern Oregon. headed by the First National bank of Idaho at Boise, closed yesterday
3.September 1, 1932Baker City HeraldBaker City, OR
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Article Text
BANKS PUT LIMIT ON WITHDRAWALS
Twin Falls County, Ida. Institutions Restrict Depositors
All banks of Twin Falls county including those here and at Buhl, Filer and Kimberly today announced a moratorium restricting withdrawal of funds except for ordinary business and living expenses. to a maximum of five per cent per month of yesterday's balances. The purpose was declared to be the restriction of hoarding and the protection of all depositors. Coupled with the announcement. was an expression of endorsement by various business houses, organizations and individuals.
The First National Bank of Idaho at Boise and nine subsidiary banks in central and western Idaho and Eastern Oregon with total resour ces of $12,753,063. closed their doors yesterday. One of them. the Buhl State Bank, is located in Twin Falls county.
4.September 2, 1932Pasadena Star-NewsPasadena, CA
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Article Text
IDAHO COUNTY BANKS RESTRICT WITHDRAWAL
Five Per Cent Per Month Is Set Maximum Obtainable
TWIN FALLS. Idaho. Sept. banks of Twin Falls County, including those here and at Buhl. Filer and Kimberly. today had announced moratorium restricting withdrawal of funds except for dinary business and living penses, to maximum of cent month of yesterday's balances. The purpose was declared to the restriction of hoarding and the protection all depositors. Coupled with the was an pression of indorsement by various business houses, organizations and individuals. The First National Bank of Idaho. Boise, and nine subsidiary banks central and western Idaho eastern Oregon with total resources $12,753,063. closed their doors yesterday. One of them, the Buhl State Bank, is located in Twin Falls County
5.September 2, 1932Star-HeraldScottsbluff, NE
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Article Text
TWO MORE BOISE VALLEY BANKS UNABLE TO OPEN
Boise, Idaho, Sept. (AP) Two banks in the Boise valley closed today, the Parma bank and the Eagle State bank. The First National Bank Parma remained open and cashier reported only slight run. The Eagle State bank was capitalized and had deposits of $117,000 on the June 30 bank call. The Parma National bank italized at $25,000 and had $10,000 surplus. The amount of deposits could not be learned here. Ten banks western Idaho and eastern Oregon, headed by the First National Bank of Idaho Boise, closed yesterday.
6.September 3, 1932Springfield Evening UnionSpringfield, MA
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Article Text
OFF THE WIRE Latest Business and Financial News from Market Centers
Bank suspensions ebbed to the low of the year in the early part of the week just passed, only to shoot upward when chain of 10 banks in Idaho and Oregon collapsed with the failure of the First National Bank of Boise, according to the American Banker Only seven other banks were placed in liquidation, but the 10 chain raised the total for the week to 17 as compared with 15 for the week before Suspensions for the year now have reached 1068. with deposit liabilitles now in liquidation of approximately Estimates are that depositors will receive at least $450 as these institutions are liquidated in price levels having improved the returns to receivers. Bank suspensions in August totaled 83 as compared with 134 in July and 149 in June Seven banks reopened during the week. Unfevorable dividend changes in August numbering showed sharp decrease from the 286 recorded in July and 476 in June, according the Standard Statistics Company of New York The August total is the smalles since November, 1931, but is still above the August, 1931, figure August traditionally small month for dividend declarations and to make certain that the unfavorable trend has been one must wait for the totals of September and October. Wall Street had a semiholiday at. today because of the closing of several of the commodity ex. changes The Cotton Exchange and all security markets were open, but there was noticeably smaller atten ance of brokers, many away to enjoy an extended Labor Dat holiday This week's sharp advance in tations for steel is believed many in Wall Street to foreshad the -awaited upturn in the industry trade and financial ters is expected that orders for products will begin to flow to the in increasing volume early this mont
7.September 3, 1932Brooklyn EagleBrooklyn, NY
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Article Text
Chain Bank Crash Adds to Failures
Bank suspensions ebbed to the lowest rate of the year in the early part of the week just passed. only to shoot upward when a chain of ten banks in Idaho and Oregon collapsed with the failure of the First National Bank of Boise, according to the American Banker Only seven other banks were placed in liquidation, but the ten chain banks raised the total for the week to 17, as compared with 15 for the week before. Suspensions for the year now have reached 1,068, with deposit liabilities now in liquidation of approximately $550,000,000. Estimates are that depositors will receive at least $450,000,000 as these institutions are liquidated, recent gains in price levels having improved the returns to receivers Bank suspensions... in August totaled 83 as compared with 134 in July and 149 in June. Seven banks reopened during the week.
8.September 3, 1932The ObserverLa Grande, OR
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Article Text
Hope to Reopen Boise Bank Soon
BOISE, Idaho, Sept. (AP) Enfor possible early opening of the First National bank of Idaho and its nine which closed Wednesday given here by Senator William E. Borah and Governor Ben Senator Borah said he had received "very encouraging' word from the construction corporation in Washington that federal assistance would be forthcoming to bring about reopening the Assurance received by Gov. Ross from Atlee Pomerene, chairman of reconstruction finance board of directors, that the corporation was "ready and willing to co-operate."
9.September 4, 1932The Washington HeraldWashington, DC
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Article Text
NEW YORK, Sept. suspensions ebbed to the lowest rate of the year in the early part of the week just passed, only to shoot upward when chain of 10 banks in Idaho and Oregon collapsed with the failure of the First National Bank of Boise, to the American Banker
Only seven other banks were placed in liquidation. but the 10 chain banks raised the total the week to as compared with 15 for the week before. Suspensions for the year now have reached 1,068, deposit liabilities now in liquidation of approximately Bank suspensions August totaled compared with 134 in July and 149 in June. Seven banks reopened during the week.
FOREIGN EXCHANGE
10.September 8, 1932The Daily WorkerNew York, Chicago, NY
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Article Text
SEPTEMBER OPENS WITH ANEW WAVE OF BANK FAILURES 10 Idaho Banks Close On Sept. 1; Tie Up Workers' Savings Right in the face of Hoover's brazen lie about the financial crisis being over and economic recovery being at present under way, bank failures continue to increase robbing thousands of workers of their hard-earned savings. While in August, bank failures amounted to 83, September opened with the suspension of ten banks as the First National Bank of Idaho collapsed on the first day of the month. This suspension tied up all the workers' savings amounting to millions. The exact number of workers affected by the failure of the First National Bank of Idaho is not known, but it is estimated that it is very large. A Boise capitalist paner printed an editorial entitled "S dy, Boise!' stating that the failure of the First National Bank in Boise delivers a crushing blow to the entire financial structure of Idaho. The editorial, however, cynically calls upon the workers to forget about their hardearned savings. "Human hearts were as kind and firesides were as bright when there ... was no such thing as the dollar Let us not lose sight of the truly valuable things of life because our dollars are tried up or even if we have lost some of them." Senator Walcott admitted that "the cause of the bank failures has been the practical foreing of small correspondent banks by large city banks to subscribe to securities which had been advanced to dizzy heights by pool operations." And yet some sections of the capitalist class spread the lie that Red "whispering" acmpaigns are responsible for the bank crashes.
11.November 1, 1932Evening StarWashington, DC
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Article Text
IDAHO BANK IS REOPENED $10,000,000 Tied Up Two Months Is Made Available to Depositors. BOISE, Idaho, November 1 (AP).-The First National Bank of Idaho opened its doors yesterday along with its string of eight banks in Southern Idaho and Eastern Oregon, making available to depositors $10,000,000 in deposits tied up for two months since the closing on August 20. The money may be withdrawn only partially at present under waiver agreements signed by a large proportion of the depositors. Bank officials predicted withdrawals would be limited primarily to current needs. At a stockholders' meeting Saturday afternoon, the bank was described in very liquid condition, due to funds secured from the Reconstruction Finance Corporation.
12.March 6, 1933The Idaho StatesmanBoise, ID
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Article Text
All Idaho of Banks Closed
The proclamation of President Roosevelt automatically closed the doors of every banking institution in Idaho. The news was received in Boise first by The Statesman about o'clock. Earlier in the day the twelfth district federal reserve bank sued an order calling holiday Monday for all members of the federal system in Idaho and other western states. The First National Bank of Idaho in Boise and the eight banks formerly with to observe the holiday, according an official were all other member banks in the state.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
