19214. First National Bank (Clarkston, WA)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
6742
Charter Number
6742
Start Date
February 8, 1924
Location
Clarkston, Washington (46.416, -117.045)

Metadata

Model
gpt-5-mini
Short Digest
22565942844af694

Response Measures

Full suspension

Other: Receiver closed the bank (suspension) and later as receiver distributed a 20% dividend ($40,000) to depositors.

Receivership Details

Depositor recovery rate
83.5%
Date receivership started
1924-02-12
Date receivership terminated
1929-03-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
34.8%
Share of assets assessed as doubtful
59.8%
Share of assets assessed as worthless
5.4%

Description

Articles (Feb 1924) report a renewed closure after continued withdrawal of deposits; the bank had previously failed and been reopened as part of the Waterman chain. A receiver later paid a 20% dividend to depositors (Oct 1924), indicating the bank remained closed and in receivership. I corrected date inference for the closure week (Feb 8, 1924 = 'last Friday' before the Feb 14, 1924 paper).

Events (5)

1. April 25, 1903 Chartered
Source
historical_nic
2. February 8, 1924 Run
Cause
Bank Specific Adverse Info
Cause Details
Sustained withdrawals against a bank that had previously failed and been reopened (one of the Waterman banks), prompting depositors to withdraw funds.
Measures
Bank closed (suspended) by officials; later placed in receivership.
Newspaper Excerpt
A continued withdrawal of deposits brought about this action on the part of the officials of the bank.
Source
newspapers
3. February 8, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officials suspended operations because of continued withdrawals tied to the bank's prior failure and weakness as a Waterman chain bank.
Newspaper Excerpt
The First National Bank of Clarkston, Wn., was closed again last Friday.
Source
newspapers
4. February 12, 1924 Receivership
Source
historical_nic
5. October 23, 1924 Receivership
Newspaper Excerpt
The 20 per cent payment checks, amounting to $40,000, were distributed to the depositors of the First National bank of Clarkston last week. Receiver R. D. McCulley announces that this dividend was made possible ... (The Filer Record, 1924-10-30).
Source
newspapers

Newspaper Articles (6)

Article from The Nezperce Herald, February 14, 1924

Click image to open full size in new tab

Article Text

The First National Bank of Clarkston, Wn., was closed again last Friday. A continued withdrawal of deposits brought about this action on the part of the officials of the bank. This was one of the original chain of Waterman banks which had been reopened after failing a couple of years ago. It it the supposition that depositors will lose little by this last suspension.


Article from The Filer Record, October 30, 1924

Click image to open full size in new tab

Article Text

Short News Notes From All Parts of IDAHO Mountain Home,-Contract for the re-construction of the Camas canals the and reservoir was let last week to Morrison-Knudsen company, which commenced work immediately. Emmett-E. H. Fikkan, present cashier of the Eagle bank, at Eagle, has accepted the position of cashier the First National bank of Emmett, of succeeding C. B. Polly, resign. ed. Mr. Fikkan will assume his du ties here November 1. Arco-Farmers in this vicinity are the lookout for a huge bear which on is believed to have been responsible for the killing of 50 head of sheep the ranch of the Utah Construction company on at Era Flat and a calf and Mr. lamb belonging to Earl Miller. Miller , shot the bear and wounded it but by the time a saddle horse could be procured so that the animal could 30 chased, the bear had disappeared. Mountain Home - The Mountain Home hotel, which has been closed for a number of years, was reopened last week by Mr. and Mrs. B. J. Nordyke and son. It has 29 rooms and will be conducted under the name of Nordyke and Nordyke. Lewiston-The 20 per cent payment checks, amounting to $40,000, were distributed to the depositors of the First National bank of Clarkston last week. Receiver R. D. McCulley an nounces that this dividend was made possible without a single foreclosure or forced sale, which he considers re markable under present conditions throughout this section. Twin Falls,-Commissioners of the Fwin Falls highway district and Hillsdale highway district at a joint meeting here, awarded contracts for reflooring of the Hansen bridge over Snake River canyon, involving an estimate expense of $3000. Specifica of tions provide for replacement wooden floor and covering the new floor with sand and oil. Emmett,-Over two hundred quarts home canned fruit were shipped from of here to the Children's home in Boise, all being donated by Individuals and organizations of Emmett. Kellogg-Contracts recently award ed for construction of a paved high way from Cataldo to Mullan include one to the Mohr Construction com pany, Spokane, for grading and sur. facing from the Bunker Hill smelter C. Pine creek, for $51,147, one to to M. Payne & Co., Spokane, for surfac (Fom Wallace to Mutian, for $18, 607, ing and one to Samuel Orino, Wal lace, for construction of two 47-foot concrete bridges near Mullan, span for $17,573, or $87,607 for the three contracts. Of this amount Shoshone county will pay 42 per cent or $37, 533. The remainder will be contri buted by the federal government. King Hill,-From his 130-acre farm the King Hill tract John C. San. born on of Hagerman valley this season of obtained a yield of 1734 bushels alfalfa seed, or an average of a little better than thirteen bushels to acre. From this crop Mr. San. born the received $12,628.98 from the of Gooding Seed and Feed company, Gooding who this year have pur- the chased five carloads of seed from King Hill district. Malad,-A sale of 100,000 tons of to be shipped to Kansas City, hay, where it will sell for $32 per ton, Mo., fair to form an important factor Ida. bids breaking the deadlock between in hay growers and Idaho and foreign the ho owners, who have been in sheep of feeding their sheep in Idahe a habit buying hay for this purpose at and fixed by the sheep owners. will Grandview, price in Owyhee county, 25,000 tons of hay, Chattin the supply will supply 15,000 tons, and remainder flats of the 100,000 tens will be supplied by other points. Caldwell,-That the relief given the of the Boise project by Dr. the settlers W. Work, secretary of interior, Hubert under section 1 of the Phipps is not satisfactory is the position taken bill, by officers of the Boise Payette Water Users' association. Charges approximating $887,000 will be defer under the relief given and spread over red practically all lands under con trol of the association. Boise,-Chet Langer and E. L Jones, alleged robbers been of held the in Bank the


Article from The Oakley Herald, October 31, 1924

Click image to open full size in new tab

Article Text

Short News Notes From All Parts of IDAHO Mountain Home,-Contract for canals the re-construction of the Camas the and reservoir was let last week to which Morrison-Knudsen company, commenced work imediately. Emmett-E. H. Fikkan, present cashier of the Eagle bank, at cashier Eagle, has accepted the position of of Emof the First National bank resignmett, succeeding C. B. Polly, his dued. Mr. Fikkan will assume ties here November 1. Arco-Farmers in this vicinity which are on the lookout for a huge bear is believed to have been sheep responsible for the killing of 50 head of on the ranch of the Utah and Construction company at Era Flat and a calf Mr. a lamb belonging to Earl Miller. it Miller shot the bear and wounded could but by the time a saddle horse could be procured so that the animal be chased, the bear had disappeared. Mountain Home - The closed Mountain Home hotel, which has been for a number of years, was Nor- reopened ast week by Mr. and Mrs. B. J. and dyke and son. It has 29 rooms of will be conducted under the name Nordyke and Nordyke. Lewiston-The 20 per cent payment checks, amounting to $40,000, were the distributed to the depositors of last First National bank of Clarkston week. Receiver R. D. McCulley anhounces that this dividend was made possible without a single re- foreclosure r forced sale, which he considers markable under present conditions hroughout this section. Twin Falls, -Commissioners of the Twin Falls highway district and Hillsdale highway district at a joint neeting here, awarded contracts for eflooring of the Hansen bridge over an Snake River canyon, involving stimate expense of $3000. Specifica of ions provide for replacement new vooden floor and covering the loor with sand and oil. Emmett,-Over two hundred quarts f home canned fruit were in shipped rom here to the Children's home Boise, all being donated by indiviuals and organizations of Emmett. Kellogg-Contracts recently award. d for construction of a paved highay from Cataldo to Mullan include ne to the Mohr Construction comany, Spokane, for grading and smelter suracing from the Bunker Hill C. 0 Pine creek, for $51,147, one to 1. Payne & Co., Spokane, for surfac ng from Wallace to Multan, for Wal $18, 07, and one to Samuel Orino, ice, for construction of two 47-foot pan concrete bridges near Mullan, or $17,573, or $87,607 for the three ontracts. Of this amount $37,- Shoshone ounty will pay 42 per cent or contri33. The remainder will be uted by the federal government. King Hill,-From his 130-acre San. farm ni the King Hill tract John C. orn of Hagerman valley this season of btained a yield of 1734 bushels Ifalfa seed, or an average of a to ttle better than thirteen bushels San. e acre. From this crop Mr. the orn received $12,628.98 from of ooding Seed and Feed company, ooding who this year have pur- the hased five carloads of seed from ing Hill district. Malad,-A sale of 100,000 tons of to be shipped to Kansas ton, City: (o., ay, where it will sell for $32 per factor ids fair to form an important IdaI breaking the deadlock between foreign 0 hay growers and Idaho and the eep owners, who have been in Idaho abit of feeding their sheep in a nd buying hay for this purpose at rice fixed by the sheep owners. will randview, in Owyhee county, Chattin upply 25,000 tons of hay, the ats will supply 15,000 tons, and be mainder of the 100,000 tons will inplied by other points.


Article from The Challis Messenger, November 5, 1924

Click image to open full size in new tab

Article Text

Short News Notes From All Parts of IDAHO Home,-Contract for canals the Mountain the let last week to which company, commenced immediately. Emmett-E. H. Fikkan, present Eagle, of the Eagle bank, of at cashier cashier accepted the position of Emhas First National bank resignof the succeeding C. B. Polly, his dumett, Mr. Fikkan will assume ties ed. here November 1. in this vicinity which are Arco-Farmers a huge responsible bear on believed to have been of sheep is killing of 50 head Construction for the ranch of the Utah calf and on the Flat and Miller. a Mr. Earl wounded it and could Miller the time a saddle animal horse could but be procured by SO that the disappeared. he the bear had Mountain chased, Home - The closed Mountain hotel, which has been reopened Home number of years, was J. Norfor a week by Mr. and Mrs. B. and last and son. It has 29 rooms of dyke will be conducted under the name Nordyke and Nordyke. Lewiston-The 20 per cent payment were amounting to $40,000, of the checks, to the depositors last distributed National bank of Clarkston an First Receiver R. D. McCulley made week. that this dividend foreclosure was nounces without a single considers re possible forced sale; which he conditions or under present and the the a Falls highway joint Twin highway district at a for Hillsdale here, awarded contracts over meeting of the Hansen bridge an reflooring River canyon, involving Snake expense of $3000. Specifica of estimate provide for replacement the new wooden tions floor and covering floor with sand and oil. Emmett,-Over two hundred shipped quarts canned fruit were home in of home here to the Children's indivifrom all being donated by Emmett. duals Boise, and organizations of Kellogg-Contracts recently award. high. construction of a paved include ed for from Cataldo to Mullan comway the Mohr Construction and surone to Spokane, for grading smelter pany, from the Bunker Hill to C. facing creek, for $51,147, one surfac to Pine & Co., Spokane, for $18, M. Payne Wallace to Mulian, for Wal ing from one to Samuel Orino, 47-foot 607, and construction of two Mullan, lace, for concrete bridges near the three span $17,573, or $87,607 for Shoshone for Of this amount $37,contracts. will pay 42 per cent be or contricounty The remainder will buted 533. by the federal government. Hill,-From his 130-acre C. farm SanKing King Hill tract John season on the of Hagerman valley this bushels of born a yield of 1734 of a obtained seed, or an average bushels to alfalfa better than thirteen Mr. San. little the the acre. of born Seed and purGooding who this year have the chased Gooding five carloads of seed from King Hill district. sale of 100,000 tons City: of Malad,-A to be shipped to Kansas ton, hay, where it will sell for $32 per factor Mo., to form an important Idabids breaking fair the deadlock between foreign n growers and Idaho and in the 10 hay owners, who have been Idaho sheep of feeding their sheep in at a habit buying hay for this purpose owners. and fixed by the sheep will rice in Owyhee county, Chattir Grandview, 25,000 tons of hay, and the supply will supply 15,000 tons, will be emainder lats of the 100,000 tons upplied by other points. Caldwell,-That the relief given Dr. the of the Boise project by of the ettlers W. Work, secretary Phipps Hubert under section 1 of the position terior, not satisfactory is the ill, is officers of the Boise-Payette Charges ken by Users' association. deferpproximating Vater $887,000 will be spread the relief given and conver d under practically all lands under ol of the association. Boise,-Chet Langer and E. Bank L. alleged robbers of the in the ones, who have been held trial, Eagle, county jail pending their the ade da a sensational escape from oversawing their way out, locking il by the watchman and wering cell, cutting the telephone m ires, in arming a themselves by robbing going


Article from The Challis Messenger, November 12, 1924

Click image to open full size in new tab

Article Text

# Short News Notes From All Parts of IDAHO Emmett, One of the largest apple deals of the year was completed here when the Rome Beauty crop of the Trowbridge and I. O. Hankins orchards on the bench was sold to an Emmett fruit association at $1.35 per bushel. The Trowbridge crop will exceed 10,000 baskets and the Hankins crop will be about 2000 baskets. Arco, The cheese making industry in the Lost River country has reached undreamed of proportions during the few short months it has been established. Agent Hewlett of the O. S. L. furnished figures showing that 220,319 pounds of cheese, or seven carloads, have left the two factories at Arco and Darlington in the few months that the factories have been established. During this period Arco shipped 85,690 pounds while from Darlington 134,629 pounds were shipped. Emmett, A temporary organization for a library association was formed at Emmett with Howard Hetchner as temporary president, and W. E. Renner temporary secretary. Membership dues will be 25 cents a month for the present. Nampa, Sheep men here reported that an offer to buy 10,000 tons of hay in the Grandview district at $10 a ton has been rejected by ranchers. The buyers have been forced to go elsewheres and reported that they had procured sufficient hay to tide them over this winter. Nampa, According to specifications and plans received, the group of Pacific Fruit Express car shops to be built in Nampa and for which contractors are now preparing bids, will consist of 16 buildings. Blackfoot, Representatives of Bannock, Bingham and Bonneville counties met here recently and perfected plans for the holding of a Southeastern Idaho Fair next year. The county commissioners of Bingham County have offered the use of the county fair grounds. Burley More than one-third of the exhibits at the attractive Idaho booth at the recent national dairy exposition in Milwaukee were sent from the vicinity of Burley. Potatoes, corn, wheat, oats, clover, alsike, alfalfa and Sudan grass, as well as fruits and manufactured products, were shown. While Idaho was heralded as the coming dairy capital of the west the was not overlooked for her other lines. Rupert s Baker, 18 year old schoolboy, ed with killing his father, Deson Baker, on September 29, was mitted by a jury in the district here. Nampa With the winter months rapidly approaching, the time is at hand for a clean-up campaign to put the city in a spic and span condition, in the opinion of Mayor Emerson, who has issued a proclamation making next week "Clean-up Week" for Nampa. Parma, Parma's new $10,000 ice plant, being built by Wm. Boehringer, is beginning to loom up in fine shape -the frame work is nearly completed and the structure is beginning to take on the appearance of a building of considerable proportions. Mountain Home, Contract for the re-construction of the Camas canals and reservoir was let last week to the Morrison-Knudsen company, which commenced work immediately. Arco-Farmers in this vicinity are on the lookout for a huge bear which is believed to have been responsible for the killing of 50 head of sheep on the ranch of the Utah Construction company at Era Flat and a calf and a lamb belonging to Earl Miller. Mr. Miller shot the bear and wounded it but by the time a saddle horse could be procured so that the animal could be chased, the bear had disappeared. Lewiston-The 20 per cent payment checks, amounting to $40,000, were distributed to the depositors of the First National bank of Clarkston last week. Receiver R. D. McCulley announces that this dividend was made possible without a single foreclosure or forced sale, which he considers remarkable under present conditions throughout this section. Twin Falls, Commissioners of the Twin Falls highway district and Hillsdale highway district at a joint meeting here, awarded contracts for reflooring of the Hansen bridge over Snake River canyon, involving an estimate expense of $3000. Specifications provide for replacement of wooden floor and covering the new floor with sand and oil. Burley, Checks amounting to


Article from The Challis Messenger, December 31, 1924

Click image to open full size in new tab

Article Text

Short News Notes From All Parts of IDAHO Mountain Home,-Contract for canals the to the let last week which company, immediately. Emmett-E. H. Fikkan, present Eagle, of the Eagle bank, at cashier cashier accepted the position of of Emhas the First National bank resignof succeeding C. B. Polly, his dumett, ed. Mr. Fikkan will assume ties here November 1. d in this vicinity which are Arco-Farmers a huge bear on believed to have been responsible of sheep is the killing of 50 head Construction for ranch of the Utah calf and on the at Era Flat and a Mr. company belonging to Earl wounded Miller. it 5 lamb shot the bear and could Miller the time a saddle horse could be but procured by SO that the animal e chased, the bear had disappeared. Mountain Home - The closed Mountain hotel, which has been reopened Home number of years, was J. Norfor a week by Mr. and Mrs. B. and last and son. It has 29 rooms of dyke will be conducted under the name Nordyke and Nordyke. Lewiston-The 20 per cent payment were amounting to $40,000, of the distributed checks, to the depositors last National bank of Clarkston anFirst Receiver R. D. McCulley made week. that this dividend was nounces possible without a single foreclosure reforced sale, which he considers conditions or under present and the THE THE joint Hillsdale Twin highway district at a for here, awarded contracts over reflooring meeting of the Hansen bridge an River canyon, involving Snake expense of $3000. Specifica of estimate provide for replacement new wooden tions floor and covering the floor with sand and oil. Emmett,-Over two hundred shipped quarts home canned fruit were in of here to the Children's home indivifrom all being donated by Emmett. duals Boise, and organizations of Kellogg-Contracts recently award. highconstruction of a paved include ed for from Cataldo to Mullan comway to the Mohr Construction and surone Spokane, for grading smelter pany, from the Bunker Hill to C. facing Pine creek, for $51,147, one surfac to Payne & Co., Spokane, for $18, M. from Wallace to Mulian, for Wal ing and one to Samuel Orino, 47-foot 607, for construction of two Mullan, lace, concrete bridges near three span $17,573, or $87,607 for the Shoshone for Of this amount $37,contracts. will pay 42 per cent or contricounty The remainder will be buted 533. by the federal government. Hill,-From his 130-acre farm SanKing King Hill tract John C. season on the of Hagerman valley this of born a yield of 1734 bushels of a obtained seed, or an average to alfalfa better than thirteen bushels San. little From this crop Mr. the the acre. received $12,628.98 from of born Seed and Feed company, purGooding who this year have the Gooding chased five carloads of seed from King Hill district. Malad,-A sale of 100,000 tons City, of to be shipped to Kansas ton, hay, where it will sell for $32 per factor Mo., fair to form an important Idabids breaking the deadlock between foreign in growers and Idaho and in the 10 hay owners, who have been Idaho sheep of feeding their sheep in at a habit buying hay for this purpose owners. and fixed by the sheep will price in Owyhee county, Grandview, 25,000 tons of hay, Chattin the supply will supply 15,000 tons, and will be lats remainder of the 100,000 tons supplied by other points. Caldwell,-That the relief given Dr. the of the Boise project by of the settlers W. Work, secretary Hubert under section 1 of the Phipps nterior, is not satisfactory is the position ill, by officers of the Boise-Payette Charges aken Users' association. deferWater pproximating $887,000 will be under the relief given and spread coned ver practically all lands under rol of the association. Boise,-Chet Langer and E. Bank L. alleged robbers of the the ones, who have been held in trial, f Eagle, county jail pending their the hade da a sensational escape out. from over-