Article Text
Word has been received that John B. Cunningham has been appointed receiver of the Overland National Bank at Boise, which closed its doors May 2. Mr. Cunningham will arrive on June 3 from Chicago.
3913. Overland National Bank (Boise, ID)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 10751
- Charter Number
- 10751
- Start Date
- April 29, 1921
- Location
- Boise, Idaho (43.614, -116.203)
Metadata
- Model
- gpt-5-mini
- Short Digest
efa0ecbb
Response Measures
None
Receivership Details
- Depositor recovery rate
- 80.5%
- Date receivership started
- 1921-05-28
- Date receivership terminated
- 1924-03-31
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 55.5%
- Share of assets assessed as doubtful
- 17.9%
- Share of assets assessed as worthless
- 26.6%
Description
The Overland National Bank of Boise closed in spring 1921 and went into the hands of a receiver; subsequent articles describe receivership dividends paid in 1922. There is no mention of a depositor run prior to suspension in the provided articles, so this is classified as a suspension leading to permanent closure/receivership. Two slightly different closure dates appear in the sources (April 29, 1921 and May 2, 1921); both are noted in events.
Events (10)
1.
June 23, 1915
Chartered
- Source
- historical_nic
2.
April 29, 1921
Suspension
- Cause Details
- Alternate reported failure date in later article; articles do not describe trigger or rumor.
- Newspaper Excerpt
- failure April 29, 1921
- Source
- newspapers
3.
May 2, 1921
Suspension
- Cause Details
- No cause given in articles; bank reportedly 'failed' and was placed in receivership.
- Newspaper Excerpt
- Overland National Bank at Boise, which closed its doors May 2.
- Source
- newspapers
4.
May 28, 1921
Receivership
- Source
- historical_nic
5.
June 3, 1921
Receivership
- Newspaper Excerpt
- John B. Cunningham has been appointed receiver of the Overland National Bank at Boise...Mr. Cunningham will arrive on June 3 from Chicago.
- Source
- newspapers
6.
July 15, 1921
Other
- Newspaper Excerpt
- plan has been proposed that will give the depositor 50 per cent in time certificates...a new bank will be organized ... stockholders will not lose their interests and the bank ... will have a value in itself.
- Source
- newspapers
7.
March 11, 1922
Other
- Newspaper Excerpt
- OVERLAND BANK TO PAY DIVIDEND ... since its failure April 29, 1921, one of 25 per cent, has been authorized by the comptroller of the currency ... announced by John B. Cunningham, receiver of the bank.
- Source
- newspapers
8.
October 26, 1922
Other
- Newspaper Excerpt
- Approximately $17,000, covering 276 claims, were paid to depositors of the defenct Overland National bank, the first day on which creditors were able to take advantage of the second dividend of 10 per cent declared by the receivers
- Source
- newspapers
9.
November 23, 1922
Other
- Newspaper Excerpt
- One thousand six hundred and sixty-six checks were mailed recently to the comptroller of the treasury ... the next 10 per cent dividend ... This third division will make a total of 45 per cent paid on the total number of proven claims.
- Source
- newspapers
10.
December 15, 1922
Other
- Newspaper Excerpt
- Checks ... have been returned and all creditors of the Overland National bank ... will be paid their third dividend of 10 per cent according to the receiver, R. L. Curtis.
- Source
- newspapers
Newspaper Articles (11)
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en e mave prospects not a good crop this year. The past two years crops in this section have been nearly a total failure. Mining products from Idaho increas. ed from $8,619,342 in 1910 to $11,840,301 in 1919, according to figures compiled by the United States Census Ru reau. Stockholders in the Overland National Bank of Boise, which recently went into the hands of a receiver, are working on plans to reorganize the bank. The city council of Rupert has voted to furnish free lights and water to the proposed hospital until such time as it can be placed on a paying basis. The number of sheep in Idaho has declined from 3,010,478 in 1910 to 2,356,270 in 1920, according to U. S. Census Bureau figures. Bill Larson of Paul has stirred up a hornets nest in Washington as well AS in several Idaho communities by his persistent efforts to have the Hailey land office moved to Paul. It seems that Bill is more than holding his own in the national capital, and he may even yet grab this plum from the Wood river metropolis. Forty acres have been secured by the Wendell community which will be developed for use as an aviation field. fair grounds, ball park and tourist cump.
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SENSIBLE PLAN TO PAY OVERLAND DEPOSITORS Bank The Overland National of Boise, closed its doors a few weeks ago and since that time some of the principal depositors and stockholders have been busy in an effort for reorganization and thus to save the expense of the receivership. It is now said that a plan has been proposed that will give the depositor 50 per cent in time certificates, and the other 50 per cent shall be paid after the slow assets of said bank shall have been collected. In this way, a new bank will be organized, to take care of the business, and it is expected th it in three years the depositors will have been paid in full, the stockholders will not lose their interests and the bank, being a going concern instead of of a dead proposition in the hands of a receiver, will have a value in itself. Mr. loyd C. White of Boise has a force of solicitors who expect to see all the stockholders of the bank and secure their waiver and consent to the plan, which seems to be based on good common sense.
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# IN THE GEM STATE "The modern caravan," which will leave Brookyln, N. Y., about July 15 for home sites in Twin Falls section of Idaho, will be under the supervision of Willam D. Scott of Brooklyn and will have the operation of the American Automobile association. Leaders in the automobile world and officials of various reclamation services declare that this development will virtually insure the success of the project and more especially its movement across the continent. Mayor Louis of Idaho Falls has received a letter from the director general of the relief committee of the Red Cross at Pueblo, Colo., acknowledging receipt of the city warrants for $250 sent by Idaho Falls and expressing sincere thanks. The letter tells the pressing need of funds by the flood victims and sufferers and comments on the generous response on the part of the people of the country. Jake Flinger a lineman for the Idaho Power company, was seriously burned Saturday while attempting to tap 11,000 volt power line at the home of S. G. Seamons of Blackfooot. He was severly burned about the legs but the greatest injury was to his shoulder where the voltage entred. His recovery is expected. Special attention will be given this year to the semi-annual settlement of all tax collectors, provided in section 3244 of the Idaho Compiled Statutes, according to a letter addressed recently to all county commissioners, auditors and tax collectors by the bureau of public accounts, department of finance. A wholesale jail delivery with a possible loss of life, was frustrated Thursday at Caldwell by H. W. Kinney, sheriff of Canyon county, when he discovered two letters requesting a six-gun and shells be hidden in the cellhouse and 12 saws secreted in the coal bin in the basement of the courthouse. Residents of one of the blocks in the eastern part of Idaho Falls have under consideration the driling of well so as to have clear and pure water, a condition which does not exist in the water taken from Snake river through the city's mains, specially during the high-water period. A preliminary statement of the general results of the 1920 census of mines and quarries of Idaho, covering the year 1919, was issued Saturday by the bureau of the census, department of commerce. It consists of a compartive summary for the years 1909 and 1919, by totals. Governor D. W. Davis has been asked to give the chief address for the Fourth of July celebraton at Pocatello. There will be other speakers, and a most attractive program was outlined by the special committee appointed by the chamber of commerce Sturday. C. H. Lewis, manager of the Colonial theater of Idaho Falls, left recently for Minneapolis, where he will represent the Idaho motion picture perators at the national convention of motion picture theater owners, which was held in that city June 27, 28 and 29. Miss Ethel Redfield, state superintendent of schools, is authority for the statement that 1,600 teachers and candidates for teachers' certicates are attending the various summer schools for teachers arranged by the state department of education. The final findings and decree in the big case involving the water rights of the Weiser river drainage was received this week by Lot L. Feltham who fought the case for the Weiser Irrigation District, and has been filed for record. A government verterinarian, Dr. Morris J. Sisley of Denver has been transferred to the Boise office of the bureau of animal husbandry to assist in hog cholera control work in the state of Idaho. We are informed that the work of repairing the state highway through the box canyon near Chillis, is progressing rapidly and in a short time now travel will be allowed over the road. Dry farming districts of southeastern Idaho have splendid prospects for a good crop this year. The past two years crops in this section have been nearly a total failure. Mining products from Idaho increased from $8,649,342 in 1910 to $11,840,301 in 1919, according to figures compiled by the United States Census Bureau. Stockholders in the Overland National Bank of Boise, which recently went into the hands of a receiver, are working on plans to reorganize the bank. The city council of Rupert has voted to furnish free lights and water to the
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Dry farming districts of southeastern Idaho have splendid prospects for a good crop this year. The past two years crops in this section have been nearly a total failure. Mining products from Idaho increased from $8,649,342 in 1910 to $11,840,301 in 1919, according to figures compiled by the United States Census Bureau. Stockholders in the Overland National Bank of Boise, which recently went into the hands of a receiver, are working on plans to reorganize the bank. The city council of Rupert has voted to furnish free lights and water to the proposed hospital until such time as it can be placed on a paying basis. The number of sheep in Idaho has declined from 3,010,478 in 1910 to 2,356,270 in 1920, according to U. S. Census Bureau figures. Bill Larson of Paul has stirred up a hornets nest in Washington as well as in several Idaho communities by his persistent efforts to have the Hailey land office moved to Paul. It seems that Bill is more than holding his own in the national capital, and he may even yet grab this plum from the Wood river metropolis. Forty acres have been secured by the Wendell community which will be developed for use as an aviation field, fair grounds, ball park and tourist camp.
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OVERLAND BANK TO PAY DIVIDEND The first dividend to be declared by the officers in charge of the aiffairs of the Overland National bank since its failure April 29, 1921, one of 25 per cent, has been authorized by the comptroller of the currency, and official announcement of which was made by John B. Cunningham, receiver of the bank, Tuesday. Checks for payment of depositors will not be available for two or three days. Mr. Cunningham said. Announcement of the exact date will be made through The Statesman. Other dividends will follow, a/ccording to Mr. Cunningham, as notes due the bank are paid. He is making every effort to collect these as quickly as possible that the depositors may get their money. Speaking of the dividend to be paid this week, Mr. Cunningham said it would releace approximately $169,000. He said the had paid $140,000 to the federal reserve bank since he took charge June 24, 1921, thus saving $35 a day interest to depositors and had received back into the bank good collateral on which it was easy to realize. This dividend of 25 pler cent could 'have been declared two months ago, Mr. Cunningham said, had not the plans for the reorganization of the bank caused persons owing the bank to withhold payment, they preferring to pay their indebtidness to the new organization if one were to be effected.-Statesman.
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Boise.-Approximately $17,000, corering 276 claims, were paid to depositors of the defenct Overland National bank, the first day on which creditors were able to take advantage of the second dividend of 10 per cent declared by the receivers
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nual gathering of the Idaho State Pharmaceutical association. Pocatello.-Protection of the sheriff and the hurrying of D. L. Hoagland to the state prison for safety evidently saved the prisoner from summary treatment at the hands of a mob. Albion.-All mining companies operating in Butte, with plants at Anaconda and Great Falls, Mont., have increased the wages of the miners, craftsmen and smeltermen 50 cents a day. Boise.-"Before the end of this year there will be a continuous 150mile stretch of improved highway from Viola, six miles north of Moscow, to Lucile, forty-five miles south of Grangeville." Boise.-Cars containing perishable fruit or vegetables may not be opened by state inspectors for inspection purposes after railroad employees have sealed the doors, according to a ruling received Monday. Twin, Falls-Idaho potatoes intendde for California markets must be screened at the car door in order to eliminate the possibility of carrying the alfalfa weevil. Boise.-A cloudburst which broke about one mile south of the Highland dam washed such a quantity of boulders and debris into the Arrowrock road that it will be impassable for several days. Boise.Governor D. W. Davis appointed Friday, John Taylor of Rexburg to be county commissioner of district No. 1 for Madison county. Nampa.-Nampa gasoline stations have made a cut of 2 cents a gallon. High-test gas is now quoted at 34 cents and regular grades at 29 cents. Boise.-Approximately $17,000, covering 276 claims, were paid to depositors of the defunct Overland National bank, the first day on which creditors were able to take advantage of the second dividend of 10 per cent declared by the receivers. Bolse.-"Notwithstanding the attitude of Senator W. E. Borah"-in the language of their resolution passed by the Idaho Republican state central committee will hold to the Wallace platform, and proceed unhesitatingly with its campaign. A Twin Falls.-According to County Assessor S. Claude Stewart, there are approximately 5000 automobiles in Twin Falls county at the present time. Wallace.-Two thousand eight hundred and seventy-seven different tourist cars registered in the book at the Wallace tourist camp between June 1, and September 30, according to a check of the figures. The guests represented 42 states of the Union. Melba.-Melba farmers estimates that shipments of head lettuce will be less than half the first estimate, due chiefly to the hot weather of September and partially to too early planting on ground SO rich that the Grop matured faster than was antimipated. Nampa.-New ice-making machinery, installation of which has just been completed at the plant of the Pacific Fruit Express, is now in operation. Nampa.-Mrs. Geo. Hineman. aged 76, died at Jerome Monday. When a young girl, Mrs. Hineman lived at Springfield, III., when Abraham Lineoln was running for the presidency. Moscow.-Construction has been commenced on the Mary E. Forney hall, new women's dormatory at the University of Idaho. McCammon.-Several thousand dollars of loss was caused by the burning of barns and hay from a peculiar cause. Two form year old boys found a nest of eggs and decided to roast some of them. Boise.-Jewel Frang, serving a life term in the Idaho state penitentiary. committed suicide in the barber shop at the prison, by slashing his throat with a razor. Death was almost instantanious. Pocatello.-According to R. F. Kellogg. resident engineer of the highway work being done between McCammon and Lava Hot Springs, the work of grading is practically completed and more than one and a half miles have been graveled. Pocatello-Dne to the presence of
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DRAKE-BALLARD COMPANY, a corporation, Plaintiff. vs. GEO. H. ANDERSON, (sometimes known as George H. Anderson) and DORA L. ANDERSON, husband and wife; BOISE LIVESTOCK LOAN COMPANY, a corporation; THE FIRST NATIONAL BANK OF POCATELLO, IDAHO, a corporation; BOISE LIVESTOCK LOAN COMPANY OF CHICAGO, a corporation; THE OVERLAND NATIONAL BANK OF BOISE, IDAHO, and J. B. CUNNINGHAM, RECEIVER of THE OVERLAND NATIONAL BANK OF BOISE, IDAHO, Defendants. Notice is hereby given that the undersigned Sheriff of Lincoln County, Idaho, under and by virtue of a Decree of Foreclosure and Order of Sale in the above entitled cause, will sell on the steps of the Court house in Shoshone, Idaho, at 10 o'clock A. M., Pacific Time, on the 30th day of October, 1922, the property which is hereinafter described, to the highest and best bidder for cash for the purpose of
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BANK PAYING DEPOSITORS One thousand six hundred and sixty-six checks were mailed recently to the comptroller of the treasury for his signature, by R. L. Curtis, receiver of the Overland National bank. The sum represented by these checks equals $86,930.02 or the next 10 per cent dividend which will be paid to creditors of the institution as soon as the checks can be signed and mailed to Boise. This third division will make a total of 45 per cent paid on the total number of proven claims. Proven claims total $869,290.80. The largest individual check sent to the comptroller was for $9079.45 and the smallest was for 2 cents. The last dividend was paid to creditors about a month ago. It will be fifteen days before this group of checks is ready for distribution. Wrapped for mailing, the checks made a package about eighteen inches long by twelve inches wide by two inches deep. It was securely tied and so besmeared with red sealing wax that it resembled a Christmas box.
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Boise.-Checks which were sent to the comptroler of currency at Washington have been returned and all creditors of the Overland National bank, who have properly proved their claims, will be paid their third dividend of 10 per cent according to the receiver, R. L. Curtis. With this dividend of 10 per cent, amounting to $86,930.02, creditors of the defunct bank will have been paid 45 per cent of their deposits.