First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11065
Charter Number: 11065
Start Date: March 1, 1925*
Location: Buhl, Idaho (42.599, -114.759)

Metadata

Model: gpt-5-mini
Short Digest: aa4a6ae4

Response Measures

None

Receivership Details

Depositor recovery rate: 24.2%
Date receivership started: 1925-03-26
Date receivership terminated: 1928-03-29
OCC cause of failure: Economic conditions
Share of assets assessed as good: 18.6%
Share of assets assessed as doubtful: 14.1%
Share of assets assessed as worthless: 67.3%

Description

The bank closed permanently in March 1925 (articles state it closed its doors in 1925). No contemporaneous run is described in the articles; subsequent items discuss the receiver, litigation over documents (1930), receiver resignation (1926), and farmers preventing sheriff's sales of assets (1933). OCR errors in Article 1 corrected (reads as receiver resigned and that the bank closed in March; wording about Reserve refusing to extend credit is garbled but suggests liquidity refusal).

Events (6)

1. August 24, 1917 Chartered

Source: historical_nic

2. March 1, 1925* Suspension

Cause Details: Articles indicate the bank closed in 1925; garbled text suggests it closed after the Reserve declined to extend credit, i.e., liquidity refusal rather than a depositor run or formal government seizure.
Newspaper Excerpt: The First National bank Buhl closed March
Source: newspapers

3. March 26, 1925 Receivership

Source: historical_nic

4. May 31, 1926 Receivership

Newspaper Excerpt: BUHL-E. Dunlap has resigned receiver the First bank Buhl and shipped to Washington, all the records and papers remaining in his possession. The affairs ... will hereafter be in the ceiver, The First National bank Buhl closed March ... Mr. Dunlap appointed and has wound up the affairs of the bank leaving nothing for except the remaining liability ... One dividend of been paid to depositors which amounted to ... Herald.
Source: newspapers

5. August 23, 1930 Other

Newspaper Excerpt: Files Suit Against Buhl Bank Receiver W. H. Harvey Buhl, Friday filed suit in district court here against the receiver of the First National bank of Buhl, which closed its doors in 1925, to recover documents held in the vaults of the bank under an escrow agreement.
Source: newspapers

6. February 7, 1933 Other

Newspaper Excerpt: On January 31 an organized group stopped a sheriff's sale ... The sale was conducted by the receiver of a defunct bank ... the undersheriff ... called the sale off but said that 12,000 pounds of the farmers' beans which were in storage would be sold at auction three hours later at the closed First National Bank.
Source: newspapers

Newspaper Articles (3)

1. May 31, 1926 The Idaho Statesman Boise, ID

Article from The Idaho Statesman, May 31, 1926

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Article Text

BANK RECEIVER QUITS. BUHL-E. Dunlap has resigned receiver the First bank Buhl and shipped to Washington, all the records and papers remaining in his possession The affairs of the will hereafter be in the ceiver, The First National bank Buhl closed March by of the failthe Reserve extend crédit. Mr. Dunlap appointed and has wound up the affairs of the bank leaving nothing for except the maining liability of the which One dividend of been paid to depositors which amounted to Herald. ALLEGED CAR THIEVES HELD. TWIN FALLS-T W. DeCamp and Earl Brome, arrested in Ogden, of sedan to have been stolen from James have officers there, Sheriff Pincock They will be brought back. They had their shells similar those alleged to have been stolen from Kimberly Hardware and here believe they guilty of the burglary that Monday morning, Other thefts be investigated officers are inclined to believe they may possibly have committed by the two men. Falls Daily Times. SHIP ORE IDAHO first car of from the Idaho Lead which the Scott Mine company Birch creek, was under the last The has two Diesel gines, of and of power to the mill which has recently been installed. The mill 100-ton and addition their work expect to do custom work for nearby ister. MINING MEN ASK FOR ROAD. HAILEY County have taken under advisement the proposal by Grant of the Black Warrior to co-operate with his company in extension and improvement from Atlanta down the Boise river his mining propGrant that his company will be glad help the road that could be trucked from Atlanta property. The commissioners expected to make an inspection the soon they are able get into APPROVE PARK IMPROVEMENT. of 60-acre park along Marble creek and near community building has been proved by the Kiwanis club and plan calling for the construction of tables, shelters. benches and other equipment for putting in shape camp spot has been adopted. The ground owned by and Mrs. Frank Ebell who have permitted free use of the for park purposes. caretakes be employed and nominal

2. August 23, 1930 The Times-News Twin Falls, ID

Article from The Times-News, August 23, 1930

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Article Text

News in Brief Rall Men Visit Here Two representatives of the Southern Pacific lines, D. H Owen, general agent and W H. Graham, traveling agent in the traffic department were Twin Falls visitors Friday Mr Owen is successor to Press Bancroft who early this year made direct freight agent with headquarters in Oakland. Mr Graham has succeeded to the position formerly held by Mr. Owen. Both men praised the outlook of this sec. tion and are hopeful of increased Lonnage originating from this district over the Wells out-off this autumn. Ronald Pieree Wins In Judging Contest Ronald Pierce received high score on the third Future Farm. er judging tour held Friday, with a total of 595 points. Dale Dan. ner was second with 560 Other boys in the contest were Carl Claude Myers, Martin Welhousen, Wayne Fleming. Rusell Swanson Leon Wright Don Stivers, Roby Pipes and Maryin Eslinger The next tour will be held Tuesday when the boys will judge beef cattle and sheep at Jerome. Fire Does Little Little damage was done by fire which broke out in ed wagon in the yard W 213 Harrison street Friday afternoon, following the ex. plosion of a gasoline stove The wagon was being used as work. shop for extraction of honey, and hives of bees stored outside, arous. by the stream of water/played across their hives, swarmed over the yard. No one was stung. Alta School District Discontinued Having had an average attendance during the last school year of less than five pupils, Alta school district. near the southern boundary of Twin Falls county, will be discontinued this year. according to Mrs. Rogo J. Wilson. county school superintendent. The school law of Idaho provides school district must have an average attendance of five or more pupils or be discontinued Motor Company Moves Into New Building The Service Motor company distributors of Graham cars, will move Sunday to a new location in the building formerly owned by the Studebaker distributors. according to announcement made Saturday by Charles Cox, man. ager The new building will be equipped with modern repair shop, Mr. Cox stated. with a force of five skilled repairmen. Threshers Furnish Coal for Harvest Pomona grange, meeting this week, adopted resolutions estab. lishing the following prices for bean threshing: Thirteen cents a bushel, thresher to furnish coal, on a reclean basis. The Times made an error Friday in stating that the growers would furnish the fuel. Wheel and Tire Awalt Owner A wire wheel and inflated tire found near Twin Falls and brought to the police station here, has re. mained unclamed for almost a week. It is thought some motorist lost the wheel from tire rack possibly not discovering the loss for some time. Files Sult Against Buhl Bank Receiver W. H. Harvey Buhl, Friday filed suit in district court here against the receiver of the First National bank of Buhl. which closed its doors in 1925, to ro. cover documents held in the vaults of the bank under an escrow agreement. Optometrists To Go To Bolse Meeting Dr. Robert Parrot and Dr. Wil. Ham D. Reynolds of Twin Falls will attend clinic conducted by Dr. A. N. Skeffington, authority on eyes and color vision to be held at Boise, Aug. 24, 25 and 26. Stake Presidency Will Convene Regular meeting of the stake presidency and auxiliary boards of Twin Falls stake of the L. D. S. Church will be held at 8 EL Monday, August 25. A full at. tendance is desired. Return From Trip To Jackson Lake G. M. Hall, city clerk, and E. B. Darlington of Burley returned Friday ovening from five.day trip to Jackson Lake, Wyoming.

3. February 17, 1933 The Producers News Plentywood, MT

Article from The Producers News, February 17, 1933

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Article Text

MANY BIDDERS 250 Farmers Appear at Sale Where Sheriff Expected None FARMERS JOIN UFL Farmers Force Release of 12,000 Pounds of Beans Seized by Defunct Bank (BY W. H.) Buhl, Idaho, Feb. 7.-Idaho farmers are rapidly following the example of farmers to the west and east of them. On Jamuary 31 an organized group stopped a sheriff's sale south of Twin Falls. 250 OUT About 250 farmers were on the job to stop the sale and there was good discipline. The sale was conducted by the receiver of a defunct bank and the man's tools were to be sold with some livestock. The sale had very little advertising and they were not expecting much of a crowd. However, when the sheriff saw the determined farmers, he said that the bank receiver had called the sale off as there were tao many bidders. Two other sales near Twin Falls were postponed after that. Another sale was said to be postponed, but the farmers became suspicious and went anyway. It was lucky they did, because the undersheriff came out to the place. When he saw the crowd he called the sal eoff but said that 12,000 poutnds of the farmer's beans which were in storage would be sold at auction three houds later at the closed First National Bank.