Exchange National Bank - Coeur d'Alene, ID

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7120
Charter Number: 7120
Start Date: November 1, 1928*
Location: Coeur d'Alene, Idaho (47.678, -116.780)

Metadata

Model: gpt-5-mini
Short Digest: 5df40f81

Response Measures

None

Receivership Details

Depositor recovery rate: 88.2%
Date receivership started: 1929-01-19
Date receivership terminated: 1937-01-29
Share of assets assessed as good: 70.5%
Share of assets assessed as doubtful: 18.5%
Share of assets assessed as worthless: 11.0%

Description

Articles describe the Exchange National Bank as defunct and in receivership; no newspaper text describes a depositor run. A receiver (W. E. Baldridge) is handling claims and a new First National Bank charter was granted to reopen banking services, implying the original bank closed and was placed in receivership. Exact failure date not stated; related creditor action is dated Nov 14, 1928.

Events (5)

1. February 1, 1904 Chartered

Source: historical_nic

2. November 1, 1928* Suspension

Cause Details: Article does not state a clear triggering cause for the bank's suspension/failure; only that the bank was 'defunct' and subject to creditor actions in November 1928.
Newspaper Excerpt: original committeemen for the creditors, on November 14, 1928
Source: newspapers

3. January 19, 1929 Receivership

Source: historical_nic

4. February 24, 1929 Receivership

Newspaper Excerpt: W. E. Baldridge, receiver, would begin paying off claims. the Exchange National bank of Coeur D' Alene, Idaho, prepared to open its doors under the name of the First National bank.
Source: newspapers

5. June 24, 1929 Other

Newspaper Excerpt: The contents of ... the Exchange National bank, opened by order and found empty ... turned securities therein to A. Witherspoon, one the original committeemen for the creditors, on November 14, 1928.
Source: newspapers

Newspaper Articles (2)

1. February 24, 1929 The Daily Herald Everett, WA

Article from The Daily Herald, February 24, 1929

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Article Text

CLAIMS ON DEFUNCT BANK ARE ALLOWED SPOKANE, Feb tions that the defunct Exchange National bank would make an almost complete were seen here today with the that next week W. E. Baldridge, receiver, would begin paying off claims. the Exchange National bank of Coeur D' Alene, Idaho, prepared to open its doors under the name of the First National bank. The comptroller of currency. John W. Pole, has granted a charter for the bank. which will be backed old National Union Trust company of Spokane. Claims on the old Exchange bank at Coeur D' Alene will be honored at the new bank when it starts business within a few days, it was an-

2. June 24, 1929 Spokane Chronicle Spokane, WA

Article from Spokane Chronicle, June 24, 1929

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Article Text

The contents of posit the Exchange tional bank, opened by order and found empty, today turned out pally packages stocks rick companies, Richard Munter, attorney, contents box last on order from Herrick and turned securities therein to A. Witherspoon, one the original committeemen for the creditors, on November 14, 1928. The box contained the following shares d'Alene Mill company; 3489 Lumber company; 248 shares Red Collar Steamboat company shares three shares North Fork Lumber company, shares Alabama Tombigee Lumber pany. Herirck's will, several notes and some leases made up the balance of the Munter fied voluntarily at the Herrick hearing this Coeur d'Alene, clear this foolishness in the newspapers.