Peoples Bank - Cambridge, ID

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: January 7, 1927
Location: Cambridge, Idaho (44.572, -116.678)

Metadata

Model: gpt-5-mini
Short Digest: f59db44d

Response Measures

Full suspension, Books examined

Other: State bank examiner placed in charge; liquidating agent assigned to another nearby failed bank (People's Bank of Cambridge).

Description

Article (AP, Jan 7–8, 1927) reports the People's Bank of Cambridge closed its doors yesterday morning and that a state liquidating agent was placed in charge. The newspaper headline links the closure to a run affecting Idaho banks; the piece describes large withdrawals and inability to meet liquid assets. I classify this as a run leading to suspension/closure with a receiver/liquidating agent appointed. No reopening is mentioned.

Events (2)

1. January 7, 1927 Receivership

Newspaper Excerpt: E. Scott, liquidating agent of the department of finance, is now in charge of the People's Bank of Cambridge, which closed its doors yesterday morning with deposits of $122,000.
Source: newspapers

2. January 7, 1927 Run

Cause: Local Banks
Cause Details: Heavy withdrawals and runs affecting Idaho banks; inability to meet withdrawals with liquid assets led to closure.
Measures: None reported prior to closure; liquidating agent placed in charge after closure.
Newspaper Excerpt: RUN SHUTS DOORS OF ANOTHER IDAHO BANK ... E. Scott, liquidating agent of the department of finance, is now in charge of the People's Bank of Cambridge, which closed its doors yesterday morning with deposits of $122,000.
Source: newspapers

Newspaper Articles (1)

1. January 8, 1927 Douglas Daily Dispatch Douglas, AZ

Article from Douglas Daily Dispatch, January 8, 1927

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Article Text

RUN SHUTS DOORS OF ANOTHER IDAHO BANK BOISE, Idaho, Jan. 7. - (AP) / The Farmers' State bank of New Plymouth closed its doors this morning by order of its board of directors. Deposits last night approximated $164,000. W. Hailhorn, state bank examiner, was placed in charge. Directors closed the doors after a meeting last night with business men, when it was determined withdrawals were, too large to be met with the bank's liquid assets. E. Scott, liquidating agent of the department of finance, is now in charge of the People's Bank of Cambridge, which closed its doors yesterday morning with deposits of $122,000.