Article Text
BANK CLOSES BOISE, Idaho, Boise National bank. third in size of Boise's three banks today was turned over to the comptroller of the currency for liquidation. Closing of the bank was the first instance of the kind in Boise in 10 years
3388. Boise City National Bank (Boise, ID)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 3471
- Charter Number
- 3471
- Start Date
- August 1, 1932
- Location
- Boise, Idaho (43.614, -116.203)
Metadata
- Model
- gpt-5-mini
- Short Digest
b26e7f1444a61f3f
Response Measures
None
Receivership Details
- Depositor recovery rate
- 71.4%
- Date receivership started
- 1932-08-09
- Date receivership terminated
- 1940-03-29
- Share of assets assessed as good
- 50.6%
- Share of assets assessed as doubtful
- 29.1%
- Share of assets assessed as worthless
- 20.3%
Description
Articles report the Boise City National Bank was closed and turned over to the comptroller for liquidation in early August 1932, a federal receiver was appointed and began liquidation work, and the bank did not reopen (receivership and liquidation followed). No article describes a depositor run prior to suspension.
Events (6)
1.
March 16, 1886
Chartered
- Source
- historical_nic
2.
August 1, 1932
Suspension
- Cause
- Government Action
- Cause Details
- Bank was turned over to the Comptroller of the Currency for liquidation (federal closure/receivership).
- Newspaper Excerpt
- BOISE, Idaho, Boise National bank. third in size of Boise's three banks today was turned over to the comptroller of the currency for liquidation.
- Source
- newspapers
3.
August 9, 1932
Receivership
- Source
- historical_nic
4.
August 18, 1932
Receivership
- Newspaper Excerpt
- J. L. Eckerson of Coeur Alene recently appointed receiver of the Boise City National bank, has started on the task of liquidating affairs of the bank. The receiver has been in Boise several days.
- Source
- newspapers
5.
April 1, 1933*
Other
- Newspaper Excerpt
- Reconstruction Finance Corporation authorized loan of $150,000 to the Boise City National bank's receivers in April.
- Source
- newspapers
6.
July 13, 1933
Other
- Newspaper Excerpt
- Payment of dividend of $251, to depositors, and of secured claims totaling $372,989, during the months ending July was announced Wednesday by Eckerson, receiver of the Boise City National bank.
- Source
- newspapers
Newspaper Articles (7)
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Article Text
Boise Bank Closes. The Boise City National bank, third in size of Boise three banks, was turned ove the of the for liquidation Closing of the bank was the first stance of the kind in Boise in ten years.
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Article Text
RECEIVER FOR BANK BEGINS BOISE WORK J. L. Eckerson of Coeur Alene recently appointed receiver of the Boise City National bank, has started on the task of liquidating affairs of the bank. The receiver has been in Boise several days. Eckerson said Wednesday that he would go over affairs of the concern, study the books, and make thorough survey of the financial situation before he is prepared to make any statements as to future
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Article Text
BOISE Eckerson, Receiver, Explains Routine of Taking Over Closed House Typewriters were clicking and the bookkeeping department humming with activity Tuesday behind closed doors the Boise National bank, where Eckerson, the federal bank receiver, was busily making his check of the bank's status, necessary to determine when much dividend paydepositors. Eckerson large and genial man, treasury department ploye whom the liquidation closed banks old story, and who pride in the record pay-outs has and the large proportions their money he has for depositors. Make Own Records Tuesday he took time off from his tasks explain routine necessary really square work. "First," said, have to make all records. We don't take any of the bank's ords our work, the source of information. records every depositor, every saving account, every borhas own particular where keep record of involving the are prepared. he continued, the receiver ready receive the claims of deposiwhen will that he asked. ask he responded going just fast should announce able then there would trouble I'll the depositors know statement the Hopes for Loan There disposition on the liquidating agency upset matters liquidation, explained. He refused commit himself the possibility loan from the Finance he intimated obtain such loan, provided the department Such loan would make possible the payment of dividends depositors, without forcing liquidation fast out time. whole problem,' he said, to obtain much money for the depositors fast undue disturbance to normal business
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Article Text
Boise City National Bank Receives Loan Reconstruction Finance Corporation authorized loan of $150. 000 to the Boise City National bank's receivers in April, said an announcement here. only other loan reported as made to Idaho institution was of $3,500 to the First National bank of Hagerman. The First National Bank of Lewiston withdrew or cancelled $92.665 the Joan authorized for it.
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Article Text
BOISE BANK GETS LOAN (P)-The Recon struction Finance corporation authorized of thousand dollars to the Boise City National bank's receivers in April, an announcement Thursday South Africa expects to produce nearly 3,400,000,000 pounds of maize this year Used refrigerators at Oakleys.Advertisement
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Article Text
DEFUNCT BANK HAS PAID Actual Dividends to Unsecured Deposits Eckerson Reports: Collections Million Dollars Payment of dividend of $251,to depositors, and of secured claims totaling $372,989, during the months ending July was announced Wednesday by Eckerson, receiver of the Boise City National bank. The receiver now deposit, after these paymade, $42,504.35. The quarterly report was issued showing total collections of from since the bank closed in August, 1932, 11 months ago. Total Expense $30,714 In that time the total expense the actual working expenses, the heatand upkeep of the bank buildand all the last three months covered by the report the total cost of the $10.00 which $5500 for and upkeep building. receiver collected and interest of which collected during the three months. Pay Off Loan loan of from the ReFinance corporation paid during the quarter. Collections the receivership last report, March amounted which the payment of stock. There of the stock sessment unpaid. Total uncollected assets of the bank out of total when the bank closed of the bank closed there due secured meaning public deposits. Of total $712,924 has been paid leaving still due this class of deposits.