4030. Twin Falls National Bank (Twin Falls, ID)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
11274
Charter Number
11274
Start Date
November 23, 1931
Location
Twin Falls, Idaho (42.563, -114.461)

Metadata

Model
gpt-5-mini
Short Digest
f57995e1

Response Measures

Full suspension, Books examined

Other: Receivership appointed; joint statements from other local banks offering loans to depositors on receiver's certificates.

Receivership Details

Depositor recovery rate
37.9%
Date receivership started
1931-12-02
Date receivership terminated
1937-09-18
Share of assets assessed as good
12.4%
Share of assets assessed as doubtful
33.6%
Share of assets assessed as worthless
54.0%

Description

The bank experienced heavy withdrawals (a run) late November 1931; the board resolved to suspend payments and the national bank examiner took charge. A receiver (Raymond H. Haase) was appointed and the bank remained in receivership with liquidation proceedings and partial dividends paid to depositors in 1932. Criminal charges against officers and suits by the receiver confirm bank-specific misconduct and losses. Therefore the sequence is a run leading to suspension and permanent closure under receivership.

Events (7)

1. December 6, 1918 Chartered
Source
historical_nic
2. November 23, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals late Nov. 1931; directors cited lack of liquid assets to meet current demands; later indictments and evidence of overdrafts/related-party loans indicate adverse bank-specific problems.
Measures
Board resolved to suspend business; national bank examiner E. M. Wright placed in charge; posted notice of temporary suspension.
Newspaper Excerpt
heavy withdrawals Friday and Saturday necessitated the action for the protection of depositors.
Source
newspapers
3. November 23, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board cited lack of liquid assets to meet current demands; suspension by directors and examiner control followed heavy withdrawals and deficient liquidity.
Newspaper Excerpt
The Twin Falls national bank ... did not open for business Monday, by resolution of the board of directors. E. M. Wright, national bank examiner, is in charge of the institution.
Source
newspapers
4. December 2, 1931 Receivership
Source
historical_nic
5. December 5, 1931 Receivership
Newspaper Excerpt
Raymond H. Haase, who has been appointed by the Comptroller the Currency as receiver for the Twin Falls National bank, arrived in Twin Falls Friday night. It is expected that the affairs of the institution will be turned over him some time next week.
Source
newspapers
6. April 1, 1932 Other
Newspaper Excerpt
Statement of the financial condition of the Twin Falls National bank, made public Friday by R. H. Haase, receiver, reveals cash on hand the amount of $31,946.50 ... unsecured proven claims ... $171,324.70 ... unproven unsecured claims $34,128.24.
Source
newspapers
7. May 6, 1932 Other
Newspaper Excerpt
First dividend ... in the case of the Twin Falls National bank, whose receiver is now paying 12 per cent dividend.
Source
newspapers

Newspaper Articles (18)

Article from Salt Lake Telegram, November 23, 1931

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Local Curb PLAY SANTA CLAUS? WHEAT HAS TUMBLE "The control of credit is the been passed along from the of the world today.' wholesaler or manufacturer on credSuch the diagnosis of Dr. Stephen it; they were manufactured on credit Miller, director of economics of for part, on R. G. Dun & Co., well-known com- the farm, In the mine, in the forest, Results From British ExSuccessors of Raft River agency. To clinch borrowed Add to this the Miners Find Rich Ore Brok- his point, Miller goes public debt of the govern- change Rate Breaks; Is "Prime ministers, secretaries of ment, of states, cities and counties; state financial envoys visit and add further the mortgages on real Lowest Since Nov. 9 en for Shipping repay visits; the flow of gold is being estate, corporate issues of stocks and watched with an eagle eye; mora- bonds and loans, and you will By the end of the current week toriums have been declared; tariffs have just conception of the By JOHN P. BOUGHAN challenge tariffs; silver congresses structure. Associated Press Market Editor. thought, the Raft River Gold Mining company, near Park valley, will have have been suggested; the term 'bl- "Credit represents the purchasing CHICAGO, Nov. 23-Crushed by received complete equipment for the metallism' has returned to the pages power of the nation," general selling that resulted largely small assay office of the daily newspaper; a powerful Dr. Miller. "It is like the flow from breaks in British exchange It recently purchased. A part of the credit corporation has been organ- water in stream. The aim of the rates, wheat fell Monday to the lowized; Institutions for the promotion engineer is to get such an even flow est level reached since November 9, machinery was sent on its way last week. rest, weather permitting. of home building have been formed water as will meet the demand of when the recent sensational advance will be transported Wednesday. and gold standards have been aban- the community throughout the year. of 24 cents bushel for wheat culmishould not take more than two weeks doned. Is this the transition to fun- The aim of the economist to get nated. At today's bottom level the damental change in our economic such flow of credit as will maintain market showed reaction almost UTAH M. & CO. to house the plant, connect the power structure? we about to leave general price level. cents from Saturday's finish and and begin concentration. The Gates crusher is capable of the old doctrine of supply and de- about 15 cents from scason's high mand, by competition; "Practically thinks of the breaking tons a day. finer point. we rapidly approaching the day of of wheat as being determined Wheat closed unsettled, 2@2 3-8c crusher grinder, an amalgamator, BETTERS managed by the supply of and the demand for lower than Saturday's finish, corn 5-8 Wilfley table, flotation cell, two gasoing power, managed foreign trade, this particular This @1 1-8c off, oats down and engines, a small laboratory managed supply and demand?' true, but it is only part of the truth. provisions unchanged to a rise of TO crusher and complete assay outfit The price of wheat may be carried are included in the layout. Though cents. Having these questions, by fall in the general According to directors of the Utah of small capacity, It is considered Dr. Miller reminds us that "managed level, and the price level is Metal Tunnel company, with large enough to test the commercial RANGE OF LEADING FOTURES means gement by in. by the of credit." large holdings at Bingham, Utah, the possibilities of the various kinds of Nov. dividuals, bureaus or commiss In this last Dr. Miller says Low Close company has concluded arrangements ore that are or may be presently exdirectly or indirectly amenable to mouthful. If it be true that "the that insure the liquidation of its bonds posed in the mine. March whims and expediency of political general price level is by at maturity and otherw improve its Although the examination of the parties. wasteful and volume of whence financial position. The information winze down from the lower tunnel competition may be, it might be doctrine the internations finconveyed in the letter to about finished, the management December business lock- that the price stockholders issued by the board: March still in the dark as to why the diggers stepping and by the volume of gold "Your company has deposited with after sinking eighty feet, dropped he suggests. coin and bars captivity? Whence the Atlantic Bank of Boston, their tools, turned their backs on Indicating the importance of the emanates fear that the addition December as trustee the secur- vein of gold ore, much of part played by credit in the eleven billion ounces of silver ing its bonds, sufficient cash to pay and fled the Dr. Miller says that in sin- the worth gold and principal and interest on all There to be question that seems no gle year sixty billion dollars' worth 0,000,000,000 commodity credit bonds maturity. in this, as in other parts of the old March of goods are retailed to the American (in the United States alone) would result of long the mine, tons and tons of pay rock, expeople and thirds of this business inflate the price foundation of operating contract made your posed and in many instances broken on credit; these same commodities the world? 6.45 company with the Utah Delaware shipment, cleaned Mining company in 1926 has been can- up and cashed in with very little ex- 6.12 January Livestock Markets Produce Market celled and your has issued tra work. Why this was not done, to trustees for the benefit of Utahthough abandonment was inMay Delaware of its capital NORTH LAKE, Nov. 23 LOCAL PRODUCE tended, is which the pres(Quotations by Co.) stock, which your company has the ent operators of the property have BUTTER CASH QUOTATIONS LISTED STOCKS option to tried vainly far to figure They in five years 14, 1931, for do not however. The ac. around Consolidated the sum of $369,089.50, plus interest, tions of the pioneer workers have 170 less dividends, in any paid on the shortened by many months the time poultry shares in the This sum that would have been required to dozen farm, yellow. Exploration the without which American If the preliminary Mining CHEESE white, claimed as their net work had been left undone or a thorAnnie Laurie cream Copper expenditure January 1926 in and made. the development of your property. Metals The fissure down by the 248 Bingham Metal All indebtedness either company winze described has been Mining to the other has been canceled. the "gold vein" because of its high on Utah Metal, for the Silver It makes off in Wisconsin both and south, and tially free, from debt. There is still CITY. 23 from top to bottom of the winze. outstanding $4750 of the notes issued KANSAS CITY the probably large KANSAS convertible into stoc kat $1 per share. be cut off in twenty feet by fault, Rexall and few small current of but there is apparently nothing to less than $2500 in amount. Your comIt on its northerly trend. pany has in its treasury cash and May, The property. a subsidiary of the notes receivable in excess of Nov. 23 (AP)-ButterButte Little May Mining company, Your propertics are shut down in the manned with six able miners yellows. care of a watchman awaiting better getically engaged at present in preStandard prices for metals. Your directors proparing the for the camp and pose that the company shall either No. friers. and pros- nominally alive dressed No. 3, operate its own mine (in which case pecting underground. the Smelting company ally the right of refusal to contract for Mines and the at the best price which Utah Fruits, Vegetables Bullion 737 Metal is willing to make), or lease the MINNEAPOLIS Mines entire property to some one of the 90 Very light supplies of local produce this larger companies if a proper lease firsts, can be arranged.' Western bush. lambs odd feeders, trucks: firm CHICAGO, Nov. (USDA Keystone December, INDUSTRIALS white, Utah Sugar com. Wagon Bingham Mt States Red River pfd States LIVERPOOL View wheat Liverpool. Naildriver traded Mary to YORK, Nov. March, 22,000: and Lt Copper pound. 10c WINNIPEG BANKS Nov. bushel. WINNIPEG, Close Copper December and Nelson Danish type. Edison National dozen Bristol Twin Falls Bank and Consolidated BONDS Fails to Open Argentine at mostly Coalition TWIN FALLS, Idaho, Nov. 23 (UP) Standard firsts, first, -The Twin Falls national bank, Blossom late Howes, known locally as the Keefer bank, Consolidated did not open for business Monday, 1936 120 Central by resolution of the board of direcwhole Texas, tors. A statement Issued by J. R. BothConsolidated 1932-32 steady. attorney for institution, Toledo directors considered it advisable 20 suspend business on account of the Investment Trusts freight, 31; dozen bunches. lack of liquid assets to meet current No demands. hoped that temporary suspension of business will relieve bids and sales slaughter lambs to the Shares dry Trust Shares lambs. E. M. Wright, national bank examiner, is in charge of the institution, Shares carrying killer end to trader which at the time closing had deposits of $209,000, representing less Shares KANSAS CITY, Nov, 2000: fed active and and than 10 per cent of the total bank Valencias, Trust 10c weak deposits the city. Western Joseph Keefer is president and J. Power A. Keefer cashier of institution, which is located In the Rogerson hostock steady, loads tel The other two banks in the city, the Twin Bank Trust company and the First National bank, today issued joint signed notice stating they would be ready and willcalves. pound, ing make loans to in the bids Pow and Twin Falls national bank upon reIron at celver's certificate. Amply fortified S. L. Bank Clearings with large of cash reCity 2000 at 100 Russets. Rubber they were today bank debits no unusual and business fed NEW Nov. throughout south central Idaho was Bonanza, Rurals, day last 3,904,037.25 apparently little affected by the un100 at 4315c: 100 at expected closure. Equity 3000 Stocks in the Spotlight stock pound. NEW YORK. direct. Walker, 100 and the asking bunches. Motors WE OFFER: Includes five special meeting supply has To smother faithless wives in mud December was a custom in the middle ages. to shade holding fully 50 UTAH POWER & LIGHT $7.00 PFD. The invention of the drum is as- Gold Pont de cribed to Bacchus. 50 UTAH POWER & LIGHT $6.00 PFD. An "electric which stantly detects any variation in the thickness of any material, either All or part of these shares can be purchased through us woven, paper or parchment, has just 14.00; mixed been invented. It can pick out weak stock at the market price, either outright or on our Partial Payspots in aeroplane fabric. or detect WHAT THE STOCK ment Plan. Co forged checks and other documents. MARKET DID Tintle by their thickness with the originals. Mon. Sat. J. A. HOGLE & CO. No. of advances 109 127 Dubuque was the first permanent To. of declines 245 settlement in Iowa. 132 Main St., Salt Lake applicable Eccles Bldg., Ogden assessment 153 has traded 626 525 feeder Aristole believed the deaf and dumb incapable of education.


Article from The Times-News, November 23, 1931

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Loans Are Available to Closed Bank Depositors Suspension of Twin Falls National Bank Monday Creates Little Furore BANKS ISSUE STATEMENTS In joint notice issued by the Twin Falls Bank & Trust Co., and the First National bank Monday afternoon, the information was given that the two banks were ready and willing to make loans to depositors of the Twin Falls National bank upon receiver's certificates soon as the same are issued by the receiver of the bank." With the two banks well fortified with cash resources to meet any demands, there is little if any furore in commercial and financial circles either in Twin Falls or throughout the district.


Article from The Times-News, November 23, 1931

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SOUND FINANCIAL TONE A sound financial tone prevails south central Idaho despite that Twin Falls National which Joseph Keewas Monday the hands of the Currency, with E. examiner charge. "It is hoped temporary suspension business will relieve statement issued by Bothwell, attorney the bank considered advisable suspend business on count of the lack of liquid assets to meet current he said. Deposits Less than per cent of the total bank deposits the city pointed the posits of the Twin Falls National the time of closing being $209.- On Sept. 29. the date of the last for condition of banks, the bank had deposits and total resources capitalized for $150,000. Kee fer is cashier Business as Usual Business Twin Falls Monday prevailed without interruption and deposits at the two other banks continued with few if any withdrawals was learned. Despite the loss suffered by deposiin the closed institution pointed out there was possibility the bank reopening or of paying substantially if remained closed permanently The notice posted on the door the institution which located direction the the this bank Wright, national bank examiner (Signed) E. M. WRIGHT "Closed by resolution of the board of directors. Closing of the bank came surprise to the community, but was indicated that heavy withdrawals Friday and Saturday necessitated the action for the protection of depositors. PLUNGES TO DEATH NIAGARA FALLS, 23 man identified as M. Calinas waded into the Niagara river near Loon island today and was swept the Three men on Goat island witnessed the suicide.


Article from Evening Star, November 24, 1931

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Idaho Bank Closes. TWIN FALLS, Idaho, November 24 (P).The Twin Falls National Bank was closed yesterday by E. M. Wright, national bank examiner, on resolution of the board of directors of the institution. The directors issued a statement declaring the suspension was temporary. Total deposits were declared to be $209,000 less than 10 per cent of the total deposits in Twin Falls banks. There was no appreciable effect upon local business today as a result of its closing. A campaign against quack doctors has been started in England.


Article from The Producers News, November 27, 1931

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BANK CLOSED Twin Falls, Idaho, Nov. 2.3 The Twin Falls National Bank was closed today by E. M. Wright national bank examiner. The directors issued a statement declaring the suspension was "temporary."


Article from The Times-News, December 5, 1931

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BANK RECEIVER ARRIVES IN CITY Twin Falls National' Affairs Will Be Turned Over To Raymond H. Haase Raymond H. Haase, who has been appointed by the Comptroller the Currency as receiver for the Twin Falls National bank, arrived in Twin Falls Friday night. It is expected that the affairs of the institution will be turned over him some time next week E. M. Wright, national bank ex aminer will be matter of about three weeks before the books the bank will be set Haase said in statement Satafternoon. "When this done, public will made and depositors will be permitted to come in and file their claims, but until then, matters will greatly facilitated if we are permited to proceed with this accountancy uninterrupted.' Mr. Haase has been with the department the past four years, previous to that time being with Bank of America on the coast. He came here from Bend, Oregon.


Article from The Daily Worker, December 7, 1931

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IDAHO BANK SUSPENDS BUSINESS The Twin Falls Natinal Bank of Twins Falls, Idaho, was closed November 24 by order of the board of directors.


Article from The Idaho Statesman, December 10, 1931

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HOTEL UNDER RECEIVER TWIN FALLS (P) Stuart H. Taylor, Twin Falls, Wednesday was appointed special receiver for the Rogerson Hotel company here. The appointment was made by District Judge W. Babcock on application of the stockholders, including Robert Rogerson, veteran sheepman who built the hotel in 1908. The petitioners stated the affairs of the hotel were interwoven with those of the Twin Falls National bank which closed last week. They pointed out operation of the hotel without receiver to co-operate with the bank receiver was practically impossible.


Article from The Times-News, December 24, 1931

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Committee Judges Prize Decorations With the brilliantly lighted Two Suits Involve Christmas tree which the Twent!eth Century club has planted on Closed Bank Here the court house lawn. to flaunt challenge, and the Red Knights' Suk was filed in district court Christmas tree in the city park here Wednesday afternoon by Rayacross the street to echo it. Twin Falls citizens have interested them- mond H. Haase, Twin Falls Nate selves in the matter of beautify- ional bank receiver. against the ing the city and in sharing their Detweiler Mercantile company, Christmas trees with others Filer, to recover $12,038 alleged The Twentieth Century club and due on promissory notes. the Red Knights have taken the Suit was also filed Wednesday initiative in sponsoring each year afternoon by Norvin J. Keefer and contest. giving two prizes for MATINEE his wife against the Twin Falls the best and second best Christmas National bank. seeking cancellatree or other form of Christmas tion of a deed which is alleged rnamentation One of the requireto have been given to the bank ments of the contest is that the last July 6 by Joseph Keefer decorations be visible from the father of Norvin Keefer and formsidewalk The entire town is literally checker-boarded with gaily er president of the bank. lighted Christmas trees. some of CHARLES P. LARSEN COAL which flicker off and on, giving COMPANY. Phone 436, Castle Gate most scintillating effect committee from the The joint


Article from The Times-News, April 1, 1932

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STATEMENT LISTS ASSETS OF BANK Receiver Haase Reveals Twin Falls National's Finance Condition Statement of the financial conlition of the Twin Falls National bank, made public Friday by R. H. Haase, receiver. reveals cash on hand the amount of $31,946.50 However, no statement is forthcoming as to when or in what amount a dividend might be paid. "It is impossible to say anything definite at this time,' Haase said Total amount of liabilities subthe statement reveals. Assets of the trust are listed as $574,014.67. representing the total amount coming into the hands of receiver. In this is included per cent stock assessment in the amount of $150,000. which was the capitalization of the bank when It closed its doors last November. Of this latter amount $10,375 has been paid. Remaining assets uncollected total $506,963.71. the difference between this figure plus the cash on hand. or an amount approximating $35,000. representing depreclated securities The report reveals that there are unsecured proven claims against the bank in the amount of $171,324.70 and $34,128.24 in unproven unsecured claims.


Article from The Times-News, April 1, 1932

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Judgments Given Bank's Receiver Judgments by default against two kholders in the Twin aalls National bank were entered in district court here Thursday by Judge W. A. Babcock, in favor of R. H. Haase. receiver. One requires J. A. Keefer, former cashier. to pay 100 per cent assessment on 100 shares of stock of a par value of $100. together with interest, attorney's fees and court costs, and note in the amount of $11.00 together with interest. costs and attorneys' fees. the total be ing Judgment in the other case was entered against N Keefer in the amount of $2016.34 assessment and interest on account of his ownership of 20 share of stock. Frank L Stephan is attorney for the receiver in the actions.


Article from The Times-News, May 6, 1932

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EIGHTEEN PERGENT DIVIDEND WILL BE PAID BY RECEIVER First National Bank Checks Sent To Comptroller For Signature 2000 DEPOSITORS SHARE IN $120,000 PAYMENT SOON G. D. Thompson States R. F.C. Funds Utilized In Financing The first dividend to depositors of the First National bank of Twin Falls will be in the amount of 18 per cent it was disclosed today by G. D. Thompson, receiver of the institution, who stated that checks have already been made out and Friday were to be sent to the Comptroller of the Currency at Washington, D. C., for final signature. Total amount of the dividend approximates $120,000, this representing 18 per cent of the $666,000 of proved deposit claims of the bank Two Thousand on List The sum will be shared in by some 2000 depositors, it is stated. the average being $60 each. It is not known by the receiver how long it will take the checks to make the round trip to the nation's capital for necessary signatures, but in the case of the Twin Falls National bank. whose receiver is now paying 12 per cent divinend. 19 days elapsed between the time the checks were sent and the day they were returned here. The first dividend of the First National bank with Es total of $120,000. together with the Twin Falls National bank dividend totalling nearly $30,000 will bring the total payments to depositors in closed banks here to approximately $150,000. Five Months Since Closure Payment of the first dividend of the Twin Falls National, came well before the expiration of six months from the time of its closure, and announcement of the dividend to be paid by the First National bank is just a little more than five months after the date of closure, all indications pointing to the possibilitiy of the receipt of the checks back here well before the end of the month In financing the payment of this first dividend, is stated by Mr. Thompson that funds of the Reconstruction Finance corport tion were utilized to some extent Although the amount of the dividend is not as great as was originally hoped for, it is expected that this initial announcement of its imminent payment will be greeted with pleasure by the community at large.


Article from The Idaho Statesman, May 12, 1932

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Joseph and Keefer of Twin Falls Face Charges of False Reports MOSCOW. Idaho The Joseph Keefer. president, and Keefer, cashier, of the closed Twin Falls, Idaho, National bank, charging false false and funds. The secret indictments accused the three counts: False books the bank. false reports to the comptroller of the and misapfunds the The period during which the leged were said December, the closing of the bank November 23, The two men will be arraigned the term federal court Pocatello next October, United States Attorney said, connected court would divulge further information about the charges. CLOSED BY DIRECTORS TWIN FALLS president and his nephew, Keefer, cashier the Twin Falls National bank, lished 1919 with capital stock, and closed Novemresolution of the board of directors." Deposits when the bank closed totaled from the tal September bank call. Assets the September call were listed Since early December, Raymond H. Haase has been charge the bank's affairs receiver. first cent dividend, totaling proximately $30,000. being tributed among the bank's itors, beginning May The indicated subsequent dends be paid. In Other Corporations Closing of the Twin Falls National ly million dollars deposits, by only days. number subsidiary corporations operated apparent connection with the Falls tional bank. Joseph Keefer president and Keefer, most these subsidiary corporations. The list included the Rogerson Hotel company, Twin now in the hands bankruptcy; Filer Livestock Jerome pany and Detweiler Mercantile company, Filer, all lately closed out under foreclosure


Article from The Idaho Statesman, May 29, 1932

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HAASE BANK RECEIVER TWIN FALLS (P)-Raymond H. Haase, receiver in charge of the affairs of the Twin Falls National bank since November 28, has been designated receiver of the Citizens National bank at Salmon City, Idaho, which closed this week Books and records of the Twin Falls National bank will be turned over to G. D. Thompson, receiver


Article from Deseret News, September 22, 1932

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WITNESS TELLS OF OVERDRAFTS PAID BY BANK Receiver Testifies Against Officers of Defunct Institution gations that Joseph Keefer and J. Albert Keefer, president and cashier of the defunct Twin Falls National bank permitted overdrafts of several thousand dollars by companies in which they were interested were made in the first full session of the trial of the two in United States district court on charges brought by the federal They were charged in two indictments with making false reports to the comptroller, with making false entries in the bank ledger and with extending exceasive lines of credit through permitting overdrafts. A jury was completed early in the day after an adjournment was taken last night to permit gathering of a new panel. Hoyt E. Day, United States district attorney, placed three witnesses on the stand and com pleted his evidence bearing on the false entries in the ledger and false reports to the comptroller. G. D. Thompson, receiver of the bank, was the principal witness. Evidence consisted almost entirely In reviewing bank records presented by Thompson and by L. Patrick, former assistant cashier of the bank, which closed its doore last fall. During the afternoon session a dozen checks drawn on the bank by various companies in which be the Keefers were alleged to stock holders were introduced, each of them declared by Thompson to be overdrafts on accounts. To each Thompson replied that the Items were carried as "cash items" since they could not be charged against the depleted accounts of the companies issuing them. As cash items they were never repaid to the bank, he said. and thus were wholly losses. The checks included some at leged to have been issued by the Shoshone Livestock company and the Keefer department store in Twin Falls. one from the latter company being for $1.500. Day estimated the total amount involved in the charges was between 4,000 and $5,000. The case will recess this afternoon for trial of suit brought by the United Airlines to escape payment of the gasoline tax.


Article from The Idaho Statesman, November 1, 1932

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FIRST NATIONAL DEPOSITS GAIN Nine Banks Re-open With Light Withdrawals: New Accounts Numerous (Continued from Page One) mer and new depositors, according to I. M. McCarthy, cashier. Patrons went their business as formerly, and at no there any display of any feeling except confidence and good will. Reopening of the bank here puts ack into nearly half million dollars in cash and credit, bringing much needed relief to hundreds in this vicinity, officials said. ONTARIO OPTIMISTIC ONTARIO (Special)- More than 98 per cent of waivers on deposits of $200 or more had been secured when the Ontario National bank reopened its doors Monday. Depositors with accounts less than $200 apparently were to leave them. there were few withdrawals. Occasional calls for funds were more than offset by the opening of new accounts. Bank officers said that deposits more than doubled as the greeted with enthusiasm the sumption of banking after a 60-day pause. Many business houses flew flags as an expression of optimism, and business men an increase in buying activity. WEISER NOTES REACTION (Special to The Statesman) WEISER-An air of optimism swept through Weiser Monday the Weiser State bank, member of the First National Bank of Idaho group, reopened for business. A1though crowd was in the bank most of the day, there was no appreciable of withdrawals. Officials said number of new accounts were started and deposits came in steadily on former accounts. Several merchants declared that business was brisker than It had been for months, an immediate reaction to the opening of the bank having set in before the day was well under way. claims aggregating $1500 against the defunct Twin Falls National bank. Argument on an action brought by district No. 54 asking preferred status for warrant of $290 was heard by Judge C. C. Cavanah. Attorneys 15 days to file additional briefs. The case of district No. 54 has combined with similar suits from six other districts which, it is alleged. had funds in the bank when it closed last The bank receiver, according to the complaint, acknow ledged the claim against the bank but denied preferred status because, he said, the bank did not receive cash but a check Preferred claims result from property rights only. counsel for C. D. Thompson, stated in a trial brief presented Monday.


Article from The Times-News, December 29, 1932

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SEEKS RECOVERY FROM BONDSMEN Twin Falls National Bank Re. ceiver Sues to Collect Sum of $56,532 Recovery of $56,532.32 is sought by G. D. Thompson, receiver of the Twin Falls National bank, on the bond of A. Keefer. cashier of the institution. in * suit commenced in district court through John W Graham. Twin Falls and Hawley & Worthwine, Boise, attorneys. The defendant is the United States Fidelity and Guaranty company with whom the cashier was assertedly bonded. The complaint recites that checks in the amou it of $10,351.35 were cashed for the Keefer Department store, the Filer Livestock company the Shoshone Livestocl: company and the Jerome Livestock company, all reputedly controlled by Joseph Keefer, president of the bank and uncle of the cashier. Replacement of this sum is asked for from the bond company, together with $46.049 the alleged amount of loans made by the bank to these corporations.


Article from The Times-News, June 12, 1933

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CHAPMANS NAMED BANK RECEIVERS WASHINGTON, June 12 Appointment of the law firm of Chapman & Chapman, Twin Falls, Idaho, attorneys for the receivership of the Twin Falls National bank, and the First National bank of the same city, is nounced by O'Connor, comptroller of the currency. They will succeed Frank L. Stephan, attorney for the receiver of the Twin Falls National bank, and John Graham, attorney for the First National bank receivership.