4018. First National Bank (Shelley, ID)

View Charter #11434 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
11434
Charter Number
11434
Start Date
March 1, 1925*
Location
Shelley, Idaho (43.381, -112.123)

Metadata

Model
gpt-5-mini
Short Digest
db98881b

Response Measures

None

Receivership Details

Depositor recovery rate
79.0%
Date receivership started
1925-02-13
Date receivership terminated
1927-08-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
36.8%
Share of assets assessed as doubtful
32.0%
Share of assets assessed as worthless
31.2%

Description

The bank opened in 1919 (Article 1) but in 1925 (Article 2) 'failed to open its doors for business last week' and a receiver (C. O. Thomas) 'has taken charge' — indicates a suspension followed by receivership/closure. No run is mentioned in the articles.

Events (4)
1. August 23, 1919 Chartered
Source
historical_nic
2. February 13, 1925 Receivership
Source
historical_nic
3. March 1, 1925* Receivership
Newspaper Excerpt
C. O. Thomas, receiver of the Bannock National bank of Pocatello, has taken charge of the First National bank of Shelley, which failed to open its doors for business last week.
Source
newspapers
4. March 1, 1925* Suspension
Cause
Government Action
Cause Details
Bank failed to open for business and a receiver (C. O. Thomas) has taken charge; closure initiated via receivership/government action.
Newspaper Excerpt
C. O. Thomas, receiver of the Bannock National bank of Pocatello, has taken charge of the First National bank of Shelley, which failed to open its doors for business last week.
Source
newspapers

Newspaper Articles (2)
1. September 23, 1919 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, September 23, 1919

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Article Text

SHELLEY The school board recently purchased a slide chute and swings for the grade school, and the younger kiddies are having lots of fun with the new conveniences. Watch for the coming Salvation Army drive and give it your best support. T. W. Shelley recently went to Salt Lake City on important business. W. J. Mallory is building quite an addition to the rear of his store. The farmers are hauling quite an amount of their potatoes to town, tho the prices have been considerable lower than was expected the last week. Leo V. Hansen is buying potatoes for J. C. Jacobsen of Idaho Falls. Harold Woodward was in town once or twice last week. He is now working at the Firth mill. Isaac Patterson of Dillon, Mont. was in town several days last week. Bert Miller was a business visitor in Idaho Falls one day last week. J. C. Jones and wife were Idaho Falls visitors one day last week. The bond election last week carried with very little opposition. Our water system will now be improved very much in the next year or two. L. W. Norris, who is now in business for himself, reports plenty of auto repairing to do at the present time. Mrs. Lucille Maguire left for Boston last week to finish her course of study in elocution, which she commenced last year. Marion Hurdle was an Idaho Falls visitor one day last week. Neibaur brothers played for a good dance here last Tuesday evening. A large number of Shelley young people attended the dance at Firth last Tuesday evening. Miss Lottie Johnson and Miss Hilda Mitchell of Idaho Falls were Shelley visitors last Tuesday evening. M. P. Bates of Idaho Falls was a business visitor in town several times last week. Mr. Bates is writing quite an amount of insurance in this vicinity. A large number of Shelley young people ,as well as old, attended the round-up at Blackfoot last Wednesday, Thursday and Friday. John Woods of Idaho Falls was in town last Wednesday on business. F. E. DeKay and Fremont Kutnewsky of blackfoot were in town last Wednesday in the interest of the coming Salvation Army drive. Stull Wright was appointed captain for the drive in the Shelley district. J. G. Robinson and wife attended the dance at Firth last Tuesday. The new front of the Mallory Cash store is now practically completed and is very up-to-date and modern. The First National Bank opened business on Monday, Sept. 15, with a fairly good business for the first day. The town is large enough now to support two banks. The schools are in good running order now and all pupils are taking a keen interest in their studies. There are some eighth grade graduates of last spring who have not entered high school. S. V. Hurdle and son Marion were

2. March 25, 1925 The Challis Messenger Challis, ID
Article from The Challis Messenger, March 25, 1925

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Article Text

Short News Notes From All Parts of IDAHO Twin Falls.-Parsnips, found float in Rock creek, which were eater by ing two 9-year-old boys, Edwin Ste vens and Kenneth Johnson, a short y time before they died in convulsions are now advanced as the cause of death by County Coroner P. J. Gross man. Two theories are now held by officials as to cause of death. The boys, within an hour of the time they of died, had eaten 5 cents' worth penny candies that, according to of ficials, may have contained strych nine which caused death. Nampa.-Twenty three cattle were found to be infected with tuberculosis out of 3050 head from 275 herds tested in Canyon county by the five veterinarians in co-operation with county, state and federal authorities during the first period of the campaign now being waged, Dr. W. A. Sullivan, inspector in charge, reported. The animals which showed reaction from tuberculin injection were mostly dairy cows, Dr. Sullivan said. Wendell.-Laura Gene, the little 18 months old daughter of Mr. and Mrs. Harvey O. Ayres of Tuttle, was burned to death in a fire that consumed the family home and all its contents. Mrs. Ayes rescued the baby from the burning home but not before the little one had received burns that proved fatal within a few minutes after its rescue. Gooding.- A proposition asking the county to take over the Gooding hospital was presented to the county commissioners by Ward Meyer and E. L. Stilson of the hospital board at the February meeting of the commissioners. Shelley.-C. O. Thomas, receiver of the Bannock National bank of Pocatello, has taken charge of the First National bank of Shelley, which failed to open its doors for business last week. Boise, Idaho.-The faculty women of the Boise high school have organized a club which will meet once a month for bridge and Mah Jongg. It is to be called the Faculty Dames' club. Horseshoe Bend.-Recent high water will force ranchers from Shaver creek to pack their supplies from here for at least 50 days, it was announced by a road overseer who has of investigated conditions. A mile the road through Shaver creek canhas completely disappeared. yon Trains on the Idaho Northern railroad, which had been delayed by washouts and landslides, are now running according to schedule following O el. several days' work with a steam shovCaldwell.-Three persons are dead and another serious wounded as the esult of a shooting which occurred it the home of Mr. and Mrs. Lester Bowman, in this city. The shootte was done by Lester Bowbe ng nan, and the dead are his wife, Walet Bell and Bowman himself, who, er fter shooting his wife and Bell to leath and seriously wounding Mrs. ci Emma Tracy, turned the gun on himelf. m vc Boise-Advertisement of the sale of de 115,000 in bonds, voted by Boise cista izens to build an approach to the ew Pacific passenger station, was 4. uthorized by the city council. Bids ill be opened at 2 o'clock p. m. arch 17. se rel bo: Twin Falls. - Secretary C. F. tar wight of the Twin Falls chamber Ing commerce is in receipt of a compre tea unication from C. E. Filo, from hicago, who claims to represent capsec alists who wish to erect a woolen rel ner ill here if satisfactory arrangeers ents can be reached. The amount 5 tee money and other demands were pro entioned, but have not yet been S S tee ven out by the chamber which will cer: ke up the matter at once. pro eret for Hailey-An Oregon Short Line H eight engine took a bath in Big dyood river, backing off the end of terr and switch. Engineer T. B. LeBailbeing unable to control the enH ne, jumped in time. the ed cour Moscow.-An ordinance requiring char ddlers soliciting for out-of-town H sect siness houses, who take a deposit pile th their orders, to pay a license sani rest $5 per month, and to post a deand it of cash of a $500 bond, has been con H roduced by the Moscow city couning The ordinance is aimed at the bon tection of the public against the H mitt ting of money under false prestat ses, and for the protection of the inde ne merchant. sual Se mitt Nampa.-Seven states have lifted 48. ir embargoes on shipment of poulto from Idaho, Pren Moore, poultry tor tion cialist at Boise, announced. Breedprov stock may be shipped to these the pend tes which accompanied by a certhe by the state S.