First National Bank - Fairfield, ID

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10162
Charter Number: 10162
Start Date: November 30, 1922
Location: Fairfield, Idaho (43.347, -114.792)

Metadata

Model: gpt-5-mini
Short Digest: c24e8fcc

Response Measures

None

Receivership Details

Depositor recovery rate: 37.1%
Date receivership started: 1920-08-26
Date receivership terminated: 1925-12-31
OCC cause of failure: Fraud
Share of assets assessed as good: 57.7%
Share of assets assessed as doubtful: 16.3%
Share of assets assessed as worthless: 26.0%

Description

Article (Great Falls Tribune, 1922-12-01) reports a federal receiver being assigned to take charge of the First National Bank at Fairfield, ID, jointly with Wendell, indicating the bank was in receivership/closed. No run or temporary suspension/reopening is mentioned in the text.

Events (3)

1. March 20, 1912 Chartered

Source: historical_nic

2. August 26, 1920 Receivership

Source: historical_nic

3. November 30, 1922 Receivership

Newspaper Excerpt: C. C. Sille, receiver of the First National bank here, received notice of a promotion which he has accepted. The comptroller of the currency has asked Mr. Sill to go to Wendell, Idaho, and take charge of the First National bank there and Fairfield, Idaho, jointly with headquarters at Wendell.
Source: newspapers

Newspaper Articles (1)

1. December 1, 1922 Great Falls Tribune Great Falls, MT

Article from Great Falls Tribune, December 1, 1922

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Article Text

Bank Receiver Gets Federal Post; Will Handle Idaho Banks Cut Bank, Nov. 30.-C. C. Sille, receiver of the First National bank here, received notice of a promotion which he has accepted. The comptroller of the currency has asked Mr. Sill to go to Wendell, Idaho, and take charge of the First National bank there and Fairfield, Idaho, jointly with headquarters at Wendell. As soon as arrangements can be made for the transfer of the accounts here, Mr. Sill will leave for his new field. It is thought that Mr. Sanderson now in charge of a bank for the government at Joplin, Mont., will also be the new receiver for the First National bank here, both banks being in charge of one receiver. Mr. Sill has been receiver at Cut Bank for the past year.