3411. Exchange National Bank (Coeur d'Alene, ID)

View Charter #7120 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7120
Charter Number
7120
Start Date
November 14, 1928
Location
Coeur d'Alene, Idaho (47.678, -116.780)

Metadata

Model
gpt-5-mini
Short Digest
4dd68dac712ce3ad

Response Measures

None

Receivership Details

Depositor recovery rate
88.2%
Date receivership started
1929-01-19
Date receivership terminated
1937-01-29
Share of assets assessed as good
70.5%
Share of assets assessed as doubtful
18.5%
Share of assets assessed as worthless
11.0%

Description

Articles describe the Exchange National Bank of Coeur d'Alene as 'defunct' with a receiver (W. E. Baldridge) and claims to be paid; a new First National bank charter was granted to take over operations/handle claims. No contemporaneous run is described. Dates: committee action referenced Nov 14, 1928; articles reporting receivership/claim payments and new bank charter are Feb–Jun 1929. Classified as suspension_closure (bank suspended/failed and receiver appointed; not a simple reopening of the same bank).

Events (5)
1. February 1, 1904 Chartered
Source
historical_nic
2. November 14, 1928 Suspension
Cause Details
Articles do not specify the immediate trigger for suspension; references to the bank being 'defunct' and a receiver were made, but no explicit cause (insolvency, fraud, or run) is given.
Newspaper Excerpt
the original committeemen for the creditors, on November 14, 1928.
Source
newspapers
3. January 19, 1929 Receivership
Source
historical_nic
4. February 24, 1929 Receivership
Newspaper Excerpt
W. E. Baldridge, receiver, would begin paying off claims. the Exchange National bank of Coeur D' Alene, Idaho, prepared to open its doors under the name of the First National bank. ... Claims on the old Exchange bank at Coeur D' Alene will be honored at the new bank when it starts business within a few days, it was an-
Source
newspapers
5. June 24, 1929 Other
Newspaper Excerpt
The contents of posit the Exchange tional bank, opened by order and found empty, today turned out ... the box contained the following shares ... on order from Herrick and turned securities therein to A. Witherspoon, one the original committeemen for the creditors, on November 14, 1928.
Source
newspapers

Newspaper Articles (2)
1. February 24, 1929 The Daily Herald Everett, WA
Article from The Daily Herald, February 24, 1929

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Article Text

CLAIMS ON DEFUNCT BANK ARE ALLOWED SPOKANE, Feb tions that the defunct Exchange National bank would make an almost complete were seen here today with the that next week W. E. Baldridge, receiver, would begin paying off claims. the Exchange National bank of Coeur D' Alene, Idaho, prepared to open its doors under the name of the First National bank. The comptroller of currency. John W. Pole, has granted a charter for the bank. which will be backed old National Union Trust company of Spokane. Claims on the old Exchange bank at Coeur D' Alene will be honored at the new bank when it starts business within a few days, it was an-

2. June 24, 1929 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, June 24, 1929

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Article Text

The contents of posit the Exchange tional bank, opened by order and found empty, today turned out pally packages stocks rick companies, Richard Munter, attorney, contents box last on order from Herrick and turned securities therein to A. Witherspoon, one the original committeemen for the creditors, on November 14, 1928. The box contained the following shares d'Alene Mill company; 3489 Lumber company; 248 shares Red Collar Steamboat company shares three shares North Fork Lumber company, shares Alabama Tombigee Lumber pany. Herirck's will, several notes and some leases made up the balance of the Munter fied voluntarily at the Herrick hearing this Coeur d'Alene, clear this foolishness in the newspapers.