4012. Citizens State Bank (Sandpoint, ID)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
October 11, 1910
Location
Sandpoint, Idaho (48.277, -116.553)

Metadata

Model
gpt-5-mini
Short Digest
46077117

Response Measures

Full suspension, Books examined

Other: Accounts and deposits transferred to First National Bank (takeover/assumption).

Description

Newspapers report large withdrawals leading the Citizens' State Bank of Sandpoint to 'voluntarily quit business' and suspend on/around Oct 11, 1910. Accounts were transferred to the First National Bank (permanent takeover/closure). I corrected minor punctuation in the bank name (apostrophe).

Events (3)
1. October 11, 1910 Run
Cause
Bank Specific Adverse Info
Cause Details
Steady decline in deposits during prior 30 days and long-standing financial difficulties following prior shortage (post-1907), prompting heavy withdrawals.
Measures
Bank suspended operations (voluntarily quit business); bank examiner called.
Newspaper Excerpt
The Citizens' State Bank, of Sandpoint, voluntarily quit business last week on account of large withdrawals of deposits.
Source
newspapers
2. October 11, 1910 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Steady decline in deposits and large withdrawals left the bank unable to continue; suspension followed these withdrawals.
Newspaper Excerpt
In view of this fact the institution suspended business and the bank examiner was sent for.
Source
newspapers
3. * Other
Newspaper Excerpt
Final arrangements for taking over the Citizens' State Bank of Sandpoint, Idaho, were made Friday by T. J. Humbird, president of the First National Bank ... On Monday morning the accounts of the Citizens' State Bank, which closed its doors Oct. 11, were transferred to the books of the First National Bank.
Source
newspapers

Newspaper Articles (3)
1. October 20, 1910 The Newport Miner Newport, Old Town, WA
Article from The Newport Miner, October 20, 1910

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Article Text

perity of the entire Pend Oreille valley. Work on the new Great Northern depot at Newport is progressing rapidly. The tile floor in the waiting rooms is being laid, carpenters are putting finishing touches on the interior of the freight, baggage and express rooms, and a force of men is engaged in placing the curbing for the 600 feet of platform and levelling the ground preparatory to laying the platform. The steam fitters have completed their work, with the exception of setting the radiators and wiring of the building is complete except for putting in the fixtures. With the depot approaching completion the Commercial Club is taking steps for a proper celebration of the event. A committee has been named to get up a program for the event. While plans have not been completed it is likely that there will be an invitation extended to officials of the road and prominent people of the state. A reception will be given with a speaking program, to wind up with a dance in the freight room The I. & W. N. has leased to Heslin, Fox & Co. that part of block 10, the old Spirft Valley planer grounds, north of the dock spur, for a warehouse site. Five lots of the same block have also been leased to D. U. Gildea for his shingle mill and box tactory. They also have an application for a lease on the remainder of the block. Of the total of 5725.845 miles of steam railroad in the state the biennial report of the state tax commission will show 226.316 miles to be located in Stevens county. Main line main track makes up 76,811 miles and sidings 8.271 of the main line in Stevens county. There are 121.307 miles of main track branch line and 19.917 miles of branch line sidings. The Citizens' State Bank, of Sandpoint, voluntarily quit business last week on account of large withdrawals of deposits. It is given out that the depositors are fully secured by the assets of the bank, which are much in excess of its liabilities. Services at the First M. E. church on Sunday, Oct. 23, as follows: Sunday school at 10 a. m.; at 11 a. m. sermon by the pastor, subject, "Without LoveNothing," followed with the eacrament of the Lord's Supper; Junior League at 2 p. m.; Epworth League at 6:30 p. m.; pastor's subject at 7:30 p. m., "The AgeNeeded Church." Everybody invited. Seats free.

2. October 22, 1910 American Falls Press American Falls, ID
Article from American Falls Press, October 22, 1910

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Article Text

IN THE GEM STATE Edwards F. Thomtown has been ap pointed postmaster at South Boise, Ada county. Forty acres of fruit land near Meridian was sold last week for $10,000, or $250 an acre. Socialist nominees for legislative and county officers of Ada county have been filed with the county clerk. As an aid and protection to those engaged in raising crops on Irrigated lands in the state, the work of the Gooding experimental station is going to be of inestimable value. Sam Young an old-timer of Lemhi county since 1866, is aead. He was one of the most prominent men in the early days of Lemhi county, and held several public offices. Lester Thorne, a young man residing about 15 miles from Midvale, was killed during a violent windstorm which swept that section, by the falling of a tree, under which he, to gether with two friends, was standing The people of Payette are considerably exercised over a report sent out from that city a few days ago stating that great damage had been done to the city through a high wind Almost everything in the report was false. The battleship Idaho holds the distinction of having outshot the Atlan tic fleet at battle practice and, although not officially announced, will undoubtedly fly the broad red gunnery pennant at her fore during the following year. F. E. Fileo, one of the owners of the Twin Falls News, committed suicide on October 12, using a carving knife with which he inflicted the fa tal wounds. The act is supposed to have been the result of worry over business affairs. The first marriage license ever issued in Boise for a Japanese man and a Caucasian woman was granted last week. Before the license was granted the county attorney was consulted and It was found that the Idaho law does not prohibit such a union. At the county division meeting, held In Preston, must enthusiasm was ex pressed. The attendance was good and a committee of fifteen was ap pointed to hold a series of meetings and draft petitions for circulation looking to a division of Oneida county. Ten prisoners made their escape from the Boise jail, after sawing in two a large Rale lock which fastened the alley door of the city jall. All of the men who escaped are regarded as bad characters, and their recap ture will be effected if possible. Following a long series of financial difficulties, extending from the time when it was closed for a few days three years ago on account of a shortage of cash, caused by the money stringency in the panic of 1907, the Citizens' State bank of Sandpoint has closed again. "Queen," a finely bred trotting mare belonging to W. R. Dawson, which held a trotting record of a mile in two minutes and eight sec ands, was literally scared to death by the huge traction engine in Bolse. The animal dropped dead when the engine attempted to pass her. The question of whether a person cutting timber in an amount greater than is allowed to one person under the rules and regulations of the sec retary of the Interior must first obtain a permit from the secretary of the in terior has been settled negatively by Judge Frank S. Dietrich. Dennis McInerney. who shot Peeler Foster, near Gilmore, some weeks ago was found to be insane by a com mission of Insanity. Mclnerney was injured on the top of his head some years ago and is not mentally ac countable for what he does when he becomes excited or overheated. Harry Shoop. the boy sent to prison from Bingham county in July, 1909 for grand larcery has been pardoned, upon recommendation of the prison physician who declared that young Sharp, who was but 16 when he com mitted the crime, would certainly die of heart disease in a short time 11 confined in the penitentiary. Preliminary steps were taken at Boise last week toward the establish ment of a real estate fair and the or ganization of a body to be known as the state board of agriculture. The plan of those who attended the meet ing is to ask the state for an appro priation for the fair and to develop it with state aid along the same lines the Intermountaln fair. Evidence that the people of Idaho are coming to appreciate more and more the advantages to be derived from careful breeding of high-class poultry is contained in the splendic showing made in this class at the In termountain fair. The exhibit is twice as large as that of last year

3. October 27, 1910 The Newport Miner Newport, Old Town, WA
Article from The Newport Miner, October 27, 1910

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Article Text

Sandpoint Bank Affairs Adjusted Final arrangements for taking over the Citizens' State Bank of Sandpoint, Idaho, were made Friday by T. J. Humbird, president of the First National Bank of that city. On Monday morning the accounts of the Citizens' State Bank, which closed its doors Oct. 11, were transferred to the books of the First National Bank. The deposits of the Citizens' bank when it closed doors totaled $120,000, with loans of $150,000 and capital of $50,000. There had been a steady decline in the deposits of the Citizens' bank the last 30 days prior to closing, and in view of this fact the institution suspended business and the bank examiner was sent for.