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.
3904. Boise City National Bank (Boise, ID)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 3471
- Charter Number
- 3471
- Start Date
- August 2, 1932
- Location
- Boise, Idaho (43.614, -116.203)
Metadata
- Model
- gpt-5-mini
- Short Digest
a5eebf90
Response Measures
None
Description
The bank closed in August 1932 and was turned over for liquidation; a receiver was appointed and the institution remained in receivership (RFC loan to receivers in April 1933, dividends paid later). No article describes a depositor run prior to suspension, so this is classified as a suspension followed by permanent closure/receivership.
Events (4)
1.
August 2, 1932
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank was closed and turned over for liquidation indicating insolvency/financial failure.
- Newspaper Excerpt
- 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.
- Source
- newspapers
2.
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
3.
April 1, 1933*
Other
- Newspaper Excerpt
- Reconstruction Finance Corporation authorized loan of $150. 000 to the Boise City National bank's receivers in April, said an announcement here.
- Source
- newspapers
4.
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. ... since the bank closed in August, 1932, 11 months ago.
- Source
- newspapers
Newspaper Articles (5)
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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 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.