First National Bank - Montpelier, ID

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7381
Charter Number: 7381
Start Date: April 1, 1913*
Location: Montpelier, Idaho (42.322, -111.298)

Metadata

Model: gpt-5-mini
Short Digest: 8165415c

Response Measures

None

Receivership Details

Depositor recovery rate: 59.5%
Date receivership started: 1925-03-13
Date receivership terminated: 1929-02-28
OCC cause of failure: Economic conditions
Share of assets assessed as good: 13.4%
Share of assets assessed as doubtful: 20.3%
Share of assets assessed as worthless: 66.3%

Description

Articles indicate the First National Bank of Montpelier suspended/failed (receiver appointed) around 1913. No contemporaneous run is described. A receiver (C.C. Sill, later Oram Tracy) handled claims; 1928 article reports dividend payments from the receivership. Dates in articles are approximate; OCR errors in Article 1 (truncated words) were corrected in interpretation.

Events (5)

1. August 29, 1904 Chartered

Source: historical_nic

2. April 1, 1913* Receivership

Newspaper Excerpt: The First National bank of Montpelier, Idaho, is indebted ... and the bank's receiver, Oram Tracy, should allow the claim ... When the bank suspended, C. C. Sill, then receiver, was made co-defendant. Mr. Tracy succeeded Mr. Sill.
Source: newspapers

3. April 1, 1913* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was insolvent/failed leading to suspension and appointment of a receiver; depositor sued for funds after bank failed.
Newspaper Excerpt: when the bank suspended...shortly before the bank failed Mr. De Stoop made demand for the money
Source: newspapers

4. March 13, 1925 Receivership

Source: historical_nic

5. August 18, 1928 Other

Newspaper Excerpt: Tracy, receiver First National bank of this city, announces dividend of 10 per ... This make 55 per that this bank has paid since clos ... The total to be disbursed will be about $32 ... Both banks closed within months of each other about four years ago.
Source: newspapers

Newspaper Articles (2)

1. December 15, 1926 The Idaho Statesman Boise, ID

Article from The Idaho Statesman, December 15, 1926

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Article Text

MONTPELIER MAN WINS SUIT TO COLLECT $4000 The First National bank of Montpelier, Idaho, is indebted to the Rev. George De Stoop in the sum of $4000, and the bank's receiver, Oram Tracy, should allow the claim without interest, said an opinion Tuesday by Judge F. S. Dietrich of United States district court. The suit was filed about two years ago against the bank and later, when the bank suspended, C. C. Sill, then receiver, was made co-defendant. Mr Tracy succeeded Mr. Sill. Mr. De Stoop. in his first complaint, held that the bank had the money in trust for him and that he therefore had a preferential claim. In an amended complaint he maintained general claim against the insolvent estate. Mr. De Stoop was a depositor of the bank's, and in April, 1913, had placed $4041.92 in his account, the money having been received as an inheritance from a family estate in BelShortly before the bank failed Mr. De Stoop made demand for the money and when he failed to get it, suit was filed.

2. August 18, 1928 The Salt Lake Tribune Salt Lake City, UT

Article from The Salt Lake Tribune, August 18, 1928

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Article Text

Montpelier Bank Receiver Announces Next Payment Special to The Tribune Idaho Tracy, receiver First National bank of this city, announces dividend of 10 per be paid sthe depositors of that institution in the next few days. This make 55 per that this bank has paid since clos The total to be disbursed will be about $32 It is that one small dividend will be when the business of the institution closed The Bank of Montpelier has ready paid per cent and also make one small payment when It is finally Both banks closed within months of each other about four years ago.