First National Bank - St Anthony, ID

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 5764
Charter Number: 5764
Start Date: February 8, 1924
Location: St Anthony, Idaho (43.966, -111.682)

Metadata

Model: gpt-5-mini
Short Digest: 032f489e

Response Measures

Full suspension

Other: Receiver appointed by Comptroller of the Currency (Urban Tracey) after failure; bank closed following withdrawals.

Receivership Details

Depositor recovery rate: 19.8%
Date receivership started: 1924-03-04
Date receivership terminated: 1929-08-06
OCC cause of failure: Economic conditions
Share of assets assessed as good: 31.3%
Share of assets assessed as doubtful: 33.3%
Share of assets assessed as worthless: 35.4%

Description

Multiple contemporaneous articles report a ~30-day run driven by false reports leading the First National Bank of St. Anthony to close in mid-February 1924. The Comptroller appointed a receiver in mid-March 1924, indicating permanent closure/receivership.

Events (5)

1. March 30, 1901 Chartered

Source: historical_nic

2. February 8, 1924 Run

Cause: Rumor Or Misinformation
Cause Details: Officials attributed a thirty-day run on deposits to false reports about the bank's stability; approximately $143,000 withdrawn during the run.
Measures: Bank closed its doors after heavy withdrawals; no remedial liquidity measures described in articles.
Newspaper Excerpt: On account of heavy withdrawals by depositors, the First National bank of St. Anthony closed last Friday morning. Officials say false reports caused the run.
Source: newspapers

3. February 8, 1924 Suspension

Cause: Rumor Or Misinformation
Cause Details: Closure/suspension followed the thirty-day run driven by false reports; bank ceased payments/closed doors mid-February 1924.
Newspaper Excerpt: The First National bank of St. Anthony, has closed its doors, following what officers characterized as a thirty-day run on deposits as a result of false reports of the stability of the institution.
Source: newspapers

4. March 4, 1924 Receivership

Source: historical_nic

5. March 14, 1924 Receivership

Newspaper Excerpt: the comptroller of the currency appointed Urban Tracey of Twin Falls receiver of the First National bank of St. Anthony that failed about a month ago.
Source: newspapers

Newspaper Articles (5)

1. February 15, 1924 The Rathdrum Tribune Rathdrum, ID

Article from The Rathdrum Tribune, February 15, 1924

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Idaho State News Items. The state made new loans in January to the amount of $27,000. Cost of education in Idaho advanced 125 per cent in the ten years from 1910 to 1920. Loss by fire on insured buildings increased in Idaho during the past year. Articles of incorporation of the Kootenai Investment company of Coeur d'Alene were filed at Boise last week. On account of heavy withdrawals by depositors. the First National bank of St. Anthony closed last Friday morning. Officials say false reports caused the run. Ada county must refund to taxpayers $7341 penalties and interest collected on delinguent taxes paid for

2. February 15, 1924 Shoshone Journal Shoshone, ID

Article from Shoshone Journal, February 15, 1924

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Short News Notes From All Parts of IDAHO Blackfoot,-The giving of a halfpint of pasteurized milk twice a day at recess to underweight children in the Blackfoot schools under the direction of Miss Edith Chaffee, R. N., was instituted late in January and at the end of two weeks reweighing of the children showed amazing results. Boise,-Tommy Atkins, the "Village Blacksmith," has received a personal letter from President Calvin Coolidge thanking him for the handsome silver-mounted ink and and pen rest that the Boise blacksmith sent to him a few weeks ago. The gift was presented to the president by Congressman Addison T. Smith of Idaho. Boise, county must repay to taxpayers the sum of $7,341.51, interest and penalties on delinquent taxes for the years 1920, 1921 and 1922 because of the decision of the legislature abolishing the penalty and cutting the interest on delinquent taxes for those years from 12 to 7 per cent. Rupert, - Two farmers lost six valuable horses whose deaths were due to an alcoholic element found in potatoes that had been frozen or were sprouting, acçording to the statement of a local veterinarian. It is said that no remedy is known that will counteract this form of poison. St. Anthony,-The First National bank of St. Anthony, has closed its doors, following what officers characterized as a "thirty-day run on deposits as a result of false reports of the stability of the institution." Approximately $143,000 was withdrawn from the bank in the duration of the run, according to V. D. Snell, cashier. The bank was capitalized at $50,000 with a surplus of $20,000. Deposits at the last call of the comptroller of currency were $403,000. The bank was' depository for Teton county funds to the extent of $15,000. Paris,-Bear Lake county is experiencing one of the mildest winters in many years. The state highway from the Utah state line near Fish Haven to Montpelier is being kept open and made possible for automobiles. Car owners are getting three months' more service from their machines than they did last winter. Boise,-The supreme court of Idaho has handed down an opinion on the relief tax law passed by the fast legislature, which clarifies it in part. The court of last resort in Idaho denies the application for a rehearing in the case of Washington county versus Charles M. Paradis, county treasurer and tax collector, which constitute a test of chapters 45 and 161 of the session laws of 1923, known as the tax relief. Paris,-Beautiful Bear lake, one of the most popular summer resorts in the intermountain country, is completely frozen over with a ten-inch thickness of ice. Skating both day and night, is the chief sport of the young people residing near the lake. Boise,-The commercial tourist park has arrived in Boise. Fred M. Johns of this city has sold to the La Grande Investment company of Portland between seven and eight acres of land lying adjacent to the approach that Boise is preparing to build to the new main line passenger depot, south of this city. The land is part of a forty-acre tract, owned by the Johns estate through which the boulevard approach passes. Twin Falls,-In an attempt to escape from the county jail on the fourth floor of the courthouse building here, Henry Moore, 17, held on a charge of autombile theft to which he has confessed fell it is believed, between thirty and forty feet to the t. ground when the rope he had made out of strips of his blanket broke soon after he began to descend. Rigby,-Lease of the manufacturing E plant of the Beet Growers' Sugar company at Rigby, in the Idaho Falls district, was confirmed Wednesday by Judge F. S. Dietrich of the United in States district court when the bid of $115,000 made by the Utah-Idaho Sugar company of Salt Lake was accepted. The lease will be in force for the 1924 beet season. The manuS facturing plant is now under order lo of sale by the court. f) 8 Jerome, - At the last meeting of the board of county commissioners all bids for rental of court house premises for the ensuing term were rejected and a resolution was passed D calling for an election at the earliest re possible date to determine whether bonds to the amount of $25,000 will $

3. March 5, 1924 The Challis Messenger Challis, ID

Article from The Challis Messenger, March 5, 1924

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Short News Notes From All Parts of IDAHO Boise.-Dana E Brinck, Boise at torney was appointed judge of the Third Judicial district for Ada coun- C. Monday night by Governor C. I. ty Moore. Mr. Brinck succeeds M. Church, resigned, who is facing L. charges of adultry, preferred by E. Allumbaugh, sheriff of Ads county, February 2. Boise.-Lewiston was unanimously chosen by the Republican state central committee in special session here for the holding of the delegate convention on Tuesday, March 25, while the Idaho Falls was selected for be nomination convention which will held Tuesday, August 26. Coeur d'Alene.-Col. Elias Marsters of Boise, prohibition director for the state of Idaho, and United States Marshal Frank M. Breshears and arrived from the state capitol under the supervision of Mr. Marsters a large amount of booze, large Scotch whisky and Gordon hun- gin, was ly poured into the sewer. One dred and sixteen cases of bonded whisky, worth $10,000 seized during recent raids by federal authorities, desmostly in Bonner county, were troyed. Twin Falls.-The jury disagreed last Wednesday in the case against Fred Branders, manager of the Payette Vinegar and Cidar company, in charged with second degree arson attempt to burn the Twin Falls out an vinegar plant, after having been nearly 20 hours. Filer.-Contract prices for garden seed beans offered growers last week 1 cent higher on seed beans than are was offered last season, the prices ranging from 5, 5½ and 6 cents pound. Local firms are now signing contracts. The contract bean crop of this section is said to be one in the district's most important assets. Blackfoot,-The giving of a half of pasteurized milk twice a day in pint recess to underweight children the at Blackfoot schools under R. direction the of Miss Edith Chaffee, and was instituted late in January at N., the end of two weeks reweighing reof the children showed amazing sults. Boise,-Tommy Atkins, the "VilBlacksmith," has received Calvin a personal lage letter from President handthanking him for the and Coolidge silver-mounted ink stand some rest that the Boise blacksmith The pen to him a few weeks ago. sent was presented to the president of gift by Congressman Addison T. Smith Idaho. Roise,-Ada county must repay in- to the sum of $7,341.51, taxpayers and penalties on delinquent and terest for the years 1920, 1921 the taxes because of the decision of and legislature 1922 abolishing the penalty the interest on delinquent to ⁷ taxes cutting for those years from 12 per cent. - Two farmers lost were six Rupert, horses whose deaths in valuable to an alcoholic element found or due that had been frozen the h potatoes sprouting, according to It statement were of a local veterinarian. that said that no remedy is known is will counteract this form of poison. m Anthony,-The First National its a St. of St. Anthony, has closed charb bank doors, following what officers on acterized as a "thirty-day run t as a result of false institution." reports g deposits stability of the with.. e Approximately of the $143,000 was doration from the bank in the Snell, drawn run, according to V. D. of the The bank was capitalized le cashier. $50,000 with a surplus of $20,000. compat at the last call of the It 18 Deposits of currency were $403,000. Teton roller bank was depository for The ounty funds to the extent of $15,000. Paris,-Bear Lake county is exone of the mildest winters eriencing years. The state highway Fish to n many the Utah state line near kept rom to Montpelier is being Haven and made possible for automo- three pen Car owners are getting their iles. more service from nonths' nachines than they did last winter. Sch Boise,-The supreme court of Ida- on Ca handed (1)wn an opinion o has law passed by the fast

4. March 14, 1924 The Oakley Herald Oakley, ID

Article from The Oakley Herald, March 14, 1924

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WASHINGTON On recommendation of Senator Gooding, the comptroller of the currency appointed Urban Tracey of Twin Falls receiver of the First National bank of St. Anthony that failed about a month ago. S A sweeping investigation of the shipping board was authorized by the house. After brief debate a resolution was adopted providing for appointment of a special committee to conduct the inquiry. Two severe earthquakes lasting about three hours shook the Central American coast Tuesday morning. Cable reports brought information from San Jose, Costa Rica, that fully half the houses of that city were damaged. President Coolidge has ordered the department of justice to take steps at once toward the prosecution of the two members of the house of representatives accused of selling pardons, paroles and other forms of clemency to federal prisoners and their friends. The action of the executives was announced by C. Bascom Slemp, secretary to the president. Several American marines have been wounded in Honduras and more than nine square blocks of the city of Cebra are in ruins, according to a report here. Gaptain Fred Walters, stationed at Fort Douglas has been ordered to Fitzsimmons general hospital, Denver, for observation and treatment. Charges of failure to enforce the antitrust laws in connection with cases transmitted by the federal trade commission probably will be the first produced against Attorney General Daugherty in the investigation ordered by the senate. Governor Grosebeck of Michigan has been added to the list of those understood to be under consideration by President Coolidge for appointment as secretary of the navy in succession to Edwin Denby, who will 0 retire March 10th. o Senator LaFollette of Wisconsin, I leader of the Republican insurgents, p announced that he had withdrawn his g name from the North Dakota presif dential primary because of a belief S that his present duty is in the senate t. and that the "steam roller" will be j operated at the Cleveland convention. a Nominations of Charles B. Warren to be ambassador to Mexico and Wilm iam Phillips to be ambassador to h Belgium, were confirmed by the senA ate. to In an effort to curb smuggling and p check traffic contraband, Assistant si Secretary Moss of the treasury has pi rdered customs lines closed at 9 'clock each night at Tijuana and D Mexicali on the southern California Sa order.

5. March 26, 1924 The Challis Messenger Challis, ID

Article from The Challis Messenger, March 26, 1924

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Article Text

WASHINGTON On recommendation of Senator Gooding, the comptroller of the currency appointed Urban Tracey of Twin Falls receiver of the First National bank of St. Anthony that failed about a month ago. S A sweeping investigation of the shipping board was authorized by the house. After brief debate a resolution was adopted providing for appointment of a special committee to conduct the inquiry. Two severe earthquakes lasting about three hours shook the Central American coast Tuesday morning. Cable reports brought information from San Jose, Costa Rica, that fully half the houses of that city were damaged. 1 President Coolidge has ordered the 1 department of justice to take steps at once toward the prosecution of the two members of the house of representatives accused of selling pardons, paroles and other forms of clemency to federal prisoners and their friends. The action of the executives was announced by C. Bascom Slemp, secretary to the president. Several American marines have been wounded in Honduras and more than nine square blocks of the city of Cebra are in ruins, according to a report here. Captain Fred Walters, stationed at Fort Douglas has been ordered to Fitzsimmons general hospital, Denver, for observation and treatment. Charges of failure to. enforce the antitrust laws in connection with cases transmitted by the federal trade commission probably will be the first produced against Attorney General Daugherty in the investiga tion ordered by the senate, Governor Grosebeck of Michigan has been added to the list of those understood to beunder consideration by President Coolidge for appointment as secretary of the navy in succession to Edwin Denby, who will retire March 10th. Senator LaFollette of Wisconsin, leader of the Republican insurgents, announced that he had withdrawn his 1 name from the North Dakota presi1 dential primary because of a belief a that his present duty is in the senate f and that the "steam roller" will be t operated at the Cleveland convention. a Nominations of Charles B. Warren 1 to be ambassador to Mexico and William Phillips to be ambassador to t Belgium, were confirmed by the senate. S c In an effort to curb smuggling and t. check traffic contraband, Assistant 0 Secretary Moss of the treasury has c ordered customs lines closed at 9 V o'clock each night at Tijuana and R Mexicali on the southern California I border. o)