3401. Bank of Commerce (Burley, ID)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 15, 1921
Location
Burley, Idaho (42.536, -113.793)

Metadata

Model
gpt-5-mini
Short Digest
b73d579319274f4e

Response Measures

None

Description

Articles report the Bank of Commerce (Burley, ID) closed its doors on January 15, 1921 due to failure of livestock borrowers to pay notes. No run is described; the bank later appears to have been consolidated (by year-end) into a Commercial State Bank, indicating a permanent closure rather than a temporary suspension and reopening.

Events (2)
1. January 15, 1921 Suspension
Cause
Local Shock
Cause Details
Failure of livestock men to pay notes when due (local agricultural credit losses).
Newspaper Excerpt
two Burley banks, the Burley State Bank and the Bank of Commerce, had closed their doors. Failure of live stock men to pay notes when due is said to be the main cause of the trouble.
Source
newspapers
2. December 9, 1921 Other
Newspaper Excerpt
The Commercial State bank was formed by the consolidation ... the Burley State bank and the Bank of Commerce which closed their doors January 15. Later the First National bank suspended ... The Burley National bank is now the only bank in the city.
Source
newspapers

Newspaper Articles (2)
1. January 21, 1921 The Oakley Herald Oakley, ID
Article from The Oakley Herald, January 21, 1921

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Article Text

People of Oakley were sorry to hear Monday that two Burley banks, the Burley State Bank and the Bank of Commerce, had closed their doors. Failure of live stock men to pay notes when due is said to be the main cause of the trouble. There is no sign of panic, and confidence is expressed that depositors will suffer no loss.

2. December 15, 1921 The Filer Record Filer, ID
Article from The Filer Record, December 15, 1921

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Article Text

BURLEY, Dec. 9 The Commercial State bank of this city failed to open its doors this morning. The cause is aot given but it is believed to be due to the insafficiency of some assets in which cash could not be linine liately realized. There is a popular report that it will probably reaper soon. The Commercial State bank was formed by the consolidation 1) the Burley State bank and the Bani of Commerce which closed "their doors January 15. Later the Firs National bank suspended The Bur ley National bank is now the ont) ban kin the city. Its position is sala a be imprognable 28 it owes nobod; nything.