Coeur Dalene Bank - Wallace, ID

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1892*
Location: Wallace, Idaho (47.474, -115.928)

Metadata

Model: gpt-5-mini
Short Digest: 9ca33c00

Response Measures

None

Description

Article reports the Coeur d'Alene bank of Wallace failed in 1892 and has been in receivership; in 1908 the receiver paid the last installment to depositors. No run or reopening is mentioned. Bank type not specified in text; name does not indicate 'National' or 'Trust'.

Events (2)

1. January 1, 1892* Receivership

Newspaper Excerpt: the Coeur d'Alene bank of Wallace, which failed in 1892 ... Since the failure of the bank it has been in the hands of three receivers, Mr. Kearns taking charge in 1899.
Source: newspapers

2. March 5, 1908 Other

Newspaper Excerpt: Through A. G. Kerns, receiver for the Coeur d'Alene bank of Wallace ... depositors today received $7500, this being the balance. All claims against the bank allowed by the court have now been paid in full, with 7 per cent interest.
Source: newspapers

Newspaper Articles (1)

1. March 5, 1908 Coeur D'alene Evening Press Coeur D'alene, ID

Article from Coeur D'alene Evening Press, March 5, 1908

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Article Text

OLD BANK CLAIMS PAID Last Instalment Allowed by the Court Has Been Paid. WALLACE, Idaho, March 5.Through A. G. Kerns, receiver for the Coeur d'Alene bank of Wallace, which failed in 1892, depositors today received $7500, this being the balance. All claims against the bank allowed by the court have now been paid in full, with 7 per cent interest. Since the failure of the bank it has been in the hands of three receivers, Mr. Kearns taking charge in 1899. George B. MeAulay and Van B. Delashmutt were the chief stockholders in the bank, owning 96 per cent. Among the assets realized upon was the sale of an interest in the California lode claim for $20,000; outstanding accounts of $15,000, and from the Miners' Exchange bank of Wardner, owned by the same men. $20,000. The claims of the Canadian Bank of Commerce of Portland and of Joseph P. Keane of Wallace were disallowed by court.