3980. First National Bank (Nampa, ID)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
8370
Charter Number
8370
Start Date
March 19, 1923
Location
Nampa, Idaho (43.541, -116.563)

Metadata

Model
gpt-5-mini
Short Digest
bfae2926

Response Measures

None

Receivership Details

Depositor recovery rate
11.0%
Date receivership started
1923-06-01
Date receivership terminated
1927-10-19
OCC cause of failure
Economic conditions
Share of assets assessed as doubtful
14.8%
Share of assets assessed as worthless
85.2%

Description

The First National Bank of Nampa was closed by the federal bank examiner in March 1923 and did not reopen; a receiver was later appointed (receiver Jackson referenced in later articles). There is no clear evidence of a depositor run on this specific bank prior to suspension — small runs occurred on other local banks after the First National failed to open. Closure date derived from contemporaneous reports (bank 'closed Monday' in newspapers dated Mar 20–22, 1923 => closure on 1923-03-19).

Events (5)

1. September 20, 1906 Chartered
Source
historical_nic
2. March 19, 1923 Receivership
Newspaper Excerpt
Proofs of claims against the First National bank of Nampa which closed its doors last March, are being filed rapidly by depositors, according to C. C. Sill, receiver.
Source
newspapers
3. March 19, 1923 Suspension
Cause
Government Action
Cause Details
Closed and placed in charge of the federal bank examiner; vaults were sealed and a placard said it was in the hands of the bank examiner.
Newspaper Excerpt
The First National bank closed its doors Monday morning, with Foster R. Lamb, federal bank examiner, of Salt Lake, in charge.
Source
newspapers
4. March 20, 1923 Other
Newspaper Excerpt
Following the failure of the First National to open its doors Monday morning a small run was made on the Nampa National. It was only a flurry, however, and the excitement soon passed without heavy withdrawals.
Source
newspapers
5. June 1, 1923 Receivership
Source
historical_nic

Newspaper Articles (6)

Article from The Caldwell Tribune, March 20, 1923

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Article Text

NAMPA NATIONAL CLOSES MONDAY Big Bank Fails to Open Doors; Deposits Heavy Nampa.-The First National bank closed its doors Monday morning, with Foster R. Lamb, federal bank examiner, of Salt Lake, in charge. The institution is among the largest in Canyon county, having deposits slightly in exces sof $1,000,000 and total assets of more than a million and a half. Reports that the bank was wobbly were freely circulated around town Saturday afternoon. Vaults were sealed Sunday but the notice that the bank would not open was not posted until Monday morning. At 10 o'clock Monday morning. 300 Nampa citizens, depositors in the closed institution, crowded around the building endeavoring to learn reasons for the closing. Until a late hour Monday afternoon no statement had been made by any of the bank officials and no specific reason had been made public for the bank's failure to open Monday morning. Reports were current on the streets of Nampa that the institution would be re-opened in the near future. They could not be verified. Following the failure of the First National to open its doors Monday 1 morning a small run was made on the Nampa National. It was only a flurry, however, and the excitement soon passed without heavy withdrawals. The Stockman's National a third 1 Nampa institution, suffered little from withdrawals. W. E. Miller is president of the First National, A. J. Grosscup is vicepresident and Gertrude Miller cashier. The institution is housed in one of the finest bank buildings in Idaho, a modern structure of gray stone that was erected three years ago when the First National and the old Farmers and Merchants National were consolidated. (


Article from The Idaho Republican, March 22, 1923

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Article Text

NAMPA BANK TROUBLES The First National bank of Nampa did not open Monday morning and a placard on the door said it was in the hands of the bank examiner for the present. When the other two banks in the town opened there was a line of people at each place waiting to go in and draw out their funds. The run lasted an hour or so at one and a shorter time at the other, and everybody went away satisfied. The bank officials said they had plenty of money to take care of everybody and could bring in more from Boise if it was needed. Some of the folks who cashed in, lugged their money out and loitered around some and then returned and deposited it again. During the afternoon, a lot of the Nampa merchants and others got together and decided to raise enough money if possible to relieve whatever embarrassment the First National might be confronted with, and make sure that it was protected and opened again as soon as possible. Many of those who had money on deposit in the bank, offered to just turn it over to the bank to use for some definite period after it opened, and in this way, release deposits for others who had to have theirs to save them from serious troubles. There was a spirit of mutual helpfulness among the people, and they all seemed to want to keep the bank open, keep the schools protected, and keep everybody protected if they could.


Article from Shoshone Journal, September 28, 1923

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Article Text

Short News Notes From All Parts of IDAHO OS Burley-Horace Tracy, a cattleman at section, was instantly killed was of Yest, this Utah, when a horse he riding fell off a dugway. E Burley,-Arthur, 8, son of Mr. died and Arthur Jensen of Burley, the Mrs. an injury he received fell first following part of last week when he from a tree at his home. of Idaho Boise,-William-M. Bunn, former from territorial to 1886 a 1884 Arthur, old. d last dent week. He was 82 years n Caldwell,-Kuna has entered the y with a Holstein Bull association Holfield to a report of A. W. Kuna man, according testing supervisor of the d Cow Testing association. Falls-Peach picking at last the Twin Springs orchard ended dozen Crystal week. A crop of about two cars was handled. McCall, Work of surfacing from the McCall-New Meadows highway was McCall to the Adams county line begun last week. Falls-Gathering of the last two Twin dollar bean crop started the million The price holds up and the week. weather is such that it is felt whole crop will mature. Shoshone - Lincoln county has raised $856.50 for relief of Japanese sum earthquake sufferers. Of this b $700 was raised by the local Japanese S V th colony. Hailey,-Because of a shortage have of funds council members h abolished city the office of city marshall. C W Emmett - Passengers and train of the Idaho Northern train fr running grew between McCall and Emmett three br escaped injury last week. when freight cars were derailed. fo go Idaho Falls-Lettuce picking and at commenced last week ba di Spencer. shipping Two cars were shipped moved day leave until the crop is a Cambridge-The cream station of of ed Swift & Co., and the residence or Mrs. Emma Brown, were destroyed y fire last week. ev New Meadows-Harry Johnson lost ste major portion of his grain when crop his omprising he about 1000 bushels, nu spark from the threshing engine et fire to the stacked grain. fa American Falls,-The Fair associaH went through the sixteenth anOV ual on show without a financial loss, ccording to Secretary Oliver. Mr wh Albion,-Beet digging on the south of the Minidoka project will tw art de September 24 and the sugar fall ctory at Burley will start the the n on October 1. try hi Albion, Idaho-A farmer named No Musselman of Sublett, Idaho, inlis ed ul at a Burley hospital from mo ries received while attending he to On mules. It is supposed that litt his mules. d been kicked in the head by one fle ing Pocatello, - Just fifteen minutes ] re required by the jury in district of pre irt here to find Daisy Lewis ble S city guilty of the charge of possion of liquor. kn on 'aldwell,-Apple growers of this on tion last week voted to close no es for Jonathans before September at less than $40 a ton. ma [ampa,-C. A. Pape was elected knight of the Nampa council, the nd ghts of Columbus, at the annual roo tion of the order. was tive ampa,-Proofs of claims against Mr First National bank of Nampa kne h closed its doors last March, wh being filed rapidly by depositors In rding to C. C. Sill, receiver. she wor ampa,-The city officials last signed the papers purchasing 25 foot lot adjoining the city the which was formerly the propershe Mrs. Ida Soms. (Si: yette-Payette apple growers reday the sale of two cars of Jonathan His S. for $1.35 per bushel. Sta catello, - Approximately 500 wor rists and their wives are ex. I w d to meet here in October to take the annual convention of the State Pharmaceutical associa. ad,-At the annual school elee. neis week, Henry E. Thomas and emi ast Tundell were elected trustees. "An


Article from The Oakley Herald, October 5, 1923

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Article Text

Short News Notes From All Parts of IDAHO St. Anthony,-E. E. Calvin, vice president of the U. R. R. Co. suffer ed three broken ribs and other injur a ies, when he was thrown from horse at the Harriman Ranch. Hailey,-With ideal weather and good crowds, the Blaine county fair, held at Gannett, was a credit to the Wood River valley. St. Anthony,-Maxine Miller, age 7, met death when she was run over by an automobile driven by Roland Graham, 17, of Medale. Boise-Only one man of the five who sawed their way out of the state orison about a month ago, is at liberty, according to Warden W. L. Cuddy, who reported to Governor Moore that two others had been captured at St. Paul. Boise,-The state gasoline tax of 2e per gallon has netted the state $161,403.92 since the law went into effect April 1 of this year, according to B. E. Hyatt, state auditor of public accounts. Blackfoot, The body of Mrs. Mabel Quereau of Jerome Idaho, who was drowned in the Snake river June 26, was recovered last week twenty-five miles below this city, near the mouth of Boone creek. Malad,-Thirty-two Idaho counties in which are located national forests received $148,705.88. This amount was from the national forest service as Idaho's share of revenues from the forests in the state. Wallace,-The 600 yard national rifle association free rifle match at Camp Perry, Ohio, was won by L. A. Rue, of Wallace, who had a perfect score of 100 with 15 fours. Burley-Horace Tracy, a cattleman of this section, was instantly killed at Yost, Utah, when a horse he was riding fell off a dugway. Burley,-Arthur, 8, son of Mr. and Mrs. Arthur Jensen of Burley, died following an injury he received the first part of last week when he fell from a tree at his home. Boise,-William M. Bunn, former territorial governor of Idaho from 1884 to 1886 by appointment of President Arthur, died at Philadelphia last week. He was 82 years old. Caldwell,-Kuna has entered the field with a Holstein Bull association according to a report of A. W. Holman, testing supervisor of the Kuna Cow Testing association. Twin Falls-Peach picking at the Crystal Springs orchard ended last week. A crop of about two dozen cars was handled. McCall, - Work of surfacing the McCall-New Meadows highway from McCall to the Adams county line was begun last week. Twin Falls-Gathering of the two million dollar bean crop started last n week. The price holds up and the weather is such that it is felt the y whole crop will mature. J Shoshone - Lincoln county has raised $856.50 for relief of Japanese earthquake sufferers. Of this sum $700 was raised by the local Japanese colony. P P Halley,-Because of a shortage of el city funds council members have e abolished the office of city marshall. Emmett Passengers and train al crew of the Idaho Northern train J running between McCall and Emmett escaped injury last week. when three P freight cars were derailed. P or Idaho Falls-Lettuce picking and shipping commenced last week at te Spencer. Two cars were shipped he a day leave until the cΓop is moved. di Cambridge-The cream station of th Swift & Co., and the residence of fo Mrs. Emma Brown, were destroyed by fire last week. m New Meadows-Harry Johnson lost 1ca major portion of his grain crop 1ca the comprising about 1000 bushels, when ga spark from the threshing engine tio set fire to the stacked grain. hit big American Falls,-The Fair associaco went through the sixteenth anhe nual ion show without a financial loss, an according to Secretary Oliver. ne be Albion,-Beet digging on the south of the Minidoka project will ca tart ide September 24 and the sugar des actory at Burley will start the fall un on October 1. a Re Nampa,-C. A. Pape was elected ina rand knight of the Nampa council, Inights of Columbus, at the annual Lris lection of the order. bot gra Nampa,-Proofs of claims against ma First National bank of Nampa hich e closed its doors last March, tin: re being filed rapidly by depositors


Article from The Idaho Statesman, March 5, 1926

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Article Text

NAMPA BANK RECEIVER ISSUES FINANCE REPORT Jackson, receiver for First National bank of Nampa, which closed its doors in March, 1923, issued public statement Thursday on the condition of the trust No dividends far have been paid. Total assets in the hands of the ceiver, the amount with assets uncollected amounting to Liabilities total Of this sum total of claims proved on unsecured liabilities amounted with claims Cash hand totalled on December 31 last.


Article from The Idaho Statesman, April 20, 1927

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Article Text

NAMPA Dividend Reported for final to depositors of First National bank of this city, which closed March 1923, have been to Washington for signature Jackson, receiver, It was reported Tuesday Society Dorcas society the Christian church will meet with Mrs. Lou Terry, Eleventh and Seventh street, north, at o'clock Thursday.