3941. Blaine County National Bank (Hailey, ID)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
11053
Charter Number
11053
Start Date
November 2, 1921
Location
Hailey, Idaho (43.520, -114.315)

Metadata

Model
gpt-5-mini
Short Digest
7168b590

Response Measures

Full suspension, Books examined

Other: Bank was examined; bonding companies later paid deposit losses to the state (recovery from surety).

Description

Newspaper accounts (Nov 1921) report heavy demands/withdrawals and the bank stops payment and posts notice of suspension pending examination. By Jan 1922 reporting shows bonding companies reimbursed losses and lists deposits at time of closing, indicating the bank did not resume and losses were settled via bonding — consistent with suspension followed by permanent closure/receiver settlement. OCR errors in Article 1 (e.g., 'Belevue' -> Bellevue) were noted but did not affect classification.

Events (5)

1. August 10, 1917 Chartered
Source
historical_nic
2. November 2, 1921 Run
Cause
Local Shock
Cause Details
Heavy withdrawals driven by stagnation in the grain market and heavy demands on deposits.
Measures
Posted notice suspending payments; board notified the national bank examiner.
Newspaper Excerpt
Owing to heavy demands upon their deposits ... the Blaine County national bank of Hailey posted notice ... suspending payments for the present.
Source
newspapers
3. November 2, 1921 Suspension
Cause
Local Shock
Cause Details
Suspension due to heavy demands on deposits and stagnation in the grain market; inability to realize on agricultural/liquidation paper cited in reports elsewhere as reason for suspension.
Newspaper Excerpt
BLAINE COUNTY NATIONAL BANK STOPS PAYMENT ... 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.
Source
newspapers
4. January 26, 1922 Receivership
Newspaper Excerpt
IDAHO RECOVERS LOSSES IN THREE BANK FAILURES ... These three banks were the Blaine County National bank of Hailey ... There was $11,600 on deposit in the Hailey bank at the time of its closing ... The state will not lost a cent on the closing of these banks.
Source
newspapers
5. October 22, 1925 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from The Challis Messenger, November 2, 1921

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Article Text

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


Article from Mountain Home Republican, November 5, 1921

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Article Text

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.


Article from The Idaho Republican, January 26, 1922

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Article Text

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.