7168b590Full suspension, Books examined
Other: Bank was examined; bonding companies later paid deposit losses to the state (recovery from surety).
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TWO BANKS CLOSE - 1 ROBBED The Blaine County National Bank of Hailey and the Bellevue Bank and Trust company of Belevue. have been suspended pending an examination. A notice has been posted stating that the institutions had been closel pending all examination. Inability 10 real ize on livestock and agricultural paper is given as the ca 189 The bank at Carev was broken i.:to an all securities were term
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BLAINE COUNTY NATIONAL BANK STOPS PAYMENT Owing to heavy demands upon their deposits and the present stagnation in the grain market, having practically suspended liquidation, the Blaine County national bank of Hailey posted notice Wednesday morning of last week, suspending payments for the present. The notice was signed by the Board of Directors, who at the same time notified the national bank examiner of their action. At the same time the Cellevue Bank and Trust company of Bellevue posted a similar notice for the same reason.A number of the stockholders and some of the directors are interested in both banks.
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IDAHO RECOVERS LOSSES IN THREE BANK FAILURES The state of Idaho has just received the sum of $28,050 from the National Security company and $5,800 from the Fidelity and Deposit company of Baltimore, covering the losses of three state banks in which state funds were deposited. These three banks were the Blaine County National bank of Hailey, the State bank of Idaho Falls and the Citizens' State bank of Buhl. Interest for the last quarter of 1921 and for the first twelve days in 1922 was also paid by the bonding companies. There was $11,600 on deposit in the Hailey bank at the time of its closing: $13,500 in the Idaho Falls bank and $13,500 in the Ruhl bank The state will not lost a cent on the closing of these banks.