Boise City National Bank - Boise City, ID

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3471
Charter Number: 3471
Start Date: September 1, 1932*
Location: Boise City, Idaho

Metadata

Model: gpt-5-mini
Short Digest: 3063049c

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

Article (Oct 14, 1933) describes the bank as closed and in receivership for 13 months; no run is mentioned. I infer the suspension/closure occurred about Sep 1932 (~13 months before Oct 1933). The receiver (Eckerson) is reporting collections and dividends to depositors.

Events (4)

1. March 16, 1886 Chartered

Source: historical_nic

2. August 9, 1932 Receivership

Source: historical_nic

3. September 1, 1932* Suspension

Cause: Government Action
Cause Details: Bank had closed and was placed in receivership (receiver referenced in article)
Newspaper Excerpt: 13 months since the bank closed
Source: newspapers

4. October 14, 1933 Receivership

Newspaper Excerpt: Eckerson, receiver of the Boise City bank. Collections of some $72,000 in assets, interest and stock assessments during the three months were announced Friday by Eckerson, receiver of the Boise City bank.
Source: newspapers

Newspaper Articles (1)

1. October 14, 1933 The Idaho Statesman Boise, ID

Article from The Idaho Statesman, October 14, 1933

Click image to open full size in new tab

Article Text

BANK RECEIVER GIVES ACCOUNT OF COLLECTIONS Approximately $72,000 Returned to Defunct Boise City National in Past Three Months, Eckerson Says Collections of some $72,000 in assets, interest and stock assessments during the three months were announced Friday by Eckerson. receiver of the Boise City bank. This brings to the cash in the hands of the In the 13 months since the bank closed the receiver has collected of which went to pay off secured creditorscity, and county A dividend of $253,235.82 has been paid to the unsecured depositors. The R. loan of has been paid off. The expenses of ceivership, including the of the Boise City National Bank building and taxes thereon, for the 13 have been $35 while the and interest collected by the receiver for the period total Losses totaling $90,912.87 have been charged off the assets, leaving uncollected assets of and uncollected assessment There have been of unsecured deposits offset against debts owed to the bank.