Article Text
Word has been received that John B. Cunningham has been appointed receiver of the Overland National Bank at Boise, which closed its doors May 2. Mr. Cunningham will arrive on June 3 from Chicago.
Overland National Bank (Boise, ID)
Episode Information
- Episode UID
1075101457- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
107510national - Charter Number
- 10751
- Start Date
- May 2, 1921
- Location
- Boise, Idaho (43.614, -116.203)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
801c177c196272c3
Response Measures
None
Receivership Details
- Depositor recovery rate
- 80.5%
- Date receivership started
- 1921-05-28
- Date receivership terminated
- 1924-03-31
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 55.5%
- Share of assets assessed as doubtful
- 17.9%
- Share of assets assessed as worthless
- 26.6%
Description
Used known federal receivership date for the national bank; articles report closure May 2 and appointment of a receiver.
Events (9)
1.
June 23, 1915
Chartered
- Source
- historical_nic
2.
May 2, 1921
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed its doors; later indictments and trial allege misapplication of funds and false reports.
- Newspaper Excerpt
- Overland National Bank at Boise, which closed its doors May 2.
- Source
- newspapers
3.
May 28, 1921
Receivership
- Source
- historical_nic
4.
May 28, 1921
Receivership
- Newspaper Excerpt
- Word has been received that John B. Cunningham has been appointed receiver of the Overland National Bank at Boise, which closed its doors May 2.
- Source
- newspapers
5.
October 26, 1922
Other
- Newspaper Excerpt
- Approximately $17,000, covering 276 claims, were paid to depositors of the defenct Overland National bank, the first day on which creditors were able to take advantage of the second dividend of 10 per cent declared by the receivers
- Source
- newspapers
6.
November 23, 1922
Other
- Newspaper Excerpt
- One thousand six hundred and sixty-six checks were mailed recently to the comptroller of the treasury for his signature, by R. L. Curtis, receiver of the Overland National bank... next 10 per cent dividend
- Source
- newspapers
7.
December 14, 1922
Other
- Newspaper Excerpt
- Checks which were sent to the comptroler of currency at Washington have been returned 'and all creditors of the Overland National bank... will be paid their third dividend of 10 per cent according to the receiver, R. L. Curtis.
- Source
- newspapers
8.
December 28, 1922
Other
- Newspaper Excerpt
- R. F. Bicknell, former president... and G. R. Hitt, cashier of the defunct Overland National bank, at Boise, were on Sunday found not guilty of misapplication of the bank's funds but the jury disagreed on the charge of making false reports
- Source
- newspapers
9.
September 18, 1924
Other
- Newspaper Excerpt
- R. L. Curtis, who was receiver of the Overland National bank of Boise, is dead, according to telegraphic word...
- Source
- newspapers
Newspaper Articles (12)
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Article Text
en e mave prospects not a good crop this year. The past two years crops in this section have been nearly a total failure. Mining products from Idaho increas. ed from $8,619,342 in 1910 to $11,840,301 in 1919, according to figures compiled by the United States Census Ru reau. Stockholders in the Overland National Bank of Boise, which recently went into the hands of a receiver, are working on plans to reorganize the bank. The city council of Rupert has voted to furnish free lights and water to the proposed hospital until such time as it can be placed on a paying basis. The number of sheep in Idaho has declined from 3,010,478 in 1910 to 2,356,270 in 1920, according to U. S. Census Bureau figures. Bill Larson of Paul has stirred up a hornets nest in Washington as well AS in several Idaho communities by his persistent efforts to have the Hailey land office moved to Paul. It seems that Bill is more than holding his own in the national capital, and he may even yet grab this plum from the Wood river metropolis. Forty acres have been secured by the Wendell community which will be developed for use as an aviation field. fair grounds, ball park and tourist cump.
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SENSIBLE PLAN TO PAY OVERLAND DEPOSITORS Bank The Overland National of Boise, closed its doors a few weeks ago and since that time some of the principal depositors and stockholders have been busy in an effort for reorganization and thus to save the expense of the receivership. It is now said that a plan has been proposed that will give the depositor 50 per cent in time certificates, and the other 50 per cent shall be paid after the slow assets of said bank shall have been collected. In this way, a new bank will be organized, to take care of the business, and it is expected th it in three years the depositors will have been paid in full, the stockholders will not lose their interests and the bank, being a going concern instead of of a dead proposition in the hands of a receiver, will have a value in itself. Mr. loyd C. White of Boise has a force of solicitors who expect to see all the stockholders of the bank and secure their waiver and consent to the plan, which seems to be based on good common sense.
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Boise.-Approximately $17,000, corering 276 claims, were paid to depositors of the defenct Overland National bank, the first day on which creditors were able to take advantage of the second dividend of 10 per cent declared by the receivers
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Article Text
Boise.-Approximately $17,000, covering 276 claims, were paid to depositors of the defunct Overland National bank, the first day on which creditors were able to take advantage of the second dividend of 10 per cent declared by the receivers.
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Article Text
DRAKE-BALLARD COMPANY, a corporation, Plaintiff. vs. GEO. H. ANDERSON, (sometimes known as George H. Anderson) and DORA L. ANDERSON, husband and wife; BOISE LIVESTOCK LOAN COMPANY, a corporation; THE FIRST NATIONAL BANK OF POCATELLO, IDAHO, a corporation; BOISE LIVESTOCK LOAN COMPANY OF CHICAGO, a corporation; THE OVERLAND NATIONAL BANK OF BOISE, IDAHO, and J. B. CUNNINGHAM, RECEIVER of THE OVERLAND NATIONAL BANK OF BOISE, IDAHO, Defendants. Notice is hereby given that the undersigned Sheriff of Lincoln County, Idaho, under and by virtue of a Decree of Foreclosure and Order of Sale in the above entitled cause, will sell on the steps of the Court house in Shoshone, Idaho, at 10 o'clock A. M., Pacific Time, on the 30th day of October, 1922, the property which is hereinafter described, to the highest and best bidder for cash for the purpose of
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BANK PAYING DEPOSITORS One thousand six hundred and sixty-six checks were mailed recently to the comptroller of the treasury for his signature, by R. L. Curtis, receiver of the Overland National bank. The sum represented by these checks equals $86,930.02 or the next 10 per cent dividend which will be paid to creditors of the institution as soon as the checks can be signed and mailed to Boise. This third division will make a total of 45 per cent paid on the total number of proven claims. Proven claims total $869,290.80. The largest individual check sent to the comptroller was for $9079.45 and the smallest was for 2 cents. The last dividend was paid to creditors about a month ago. It will be fifteen days before this group of checks is ready for distribution. Wrapped for mailing, the checks made a package about eighteen inches long by twelve inches wide by two inches deep. It was securely tied and so besmeared with red sealing wax that it resembled a Christmas box.
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Boise.-Checks which were sent to the comptroler of currency at Washington have been returned 'and all creditors of the Overland National bank, who have properly proved their claims, will be paid their third dividend of 10 per cent according to the receiver, R. L. Curtis. With this dividend of 10 per cent, amounting to $86,930.02, creditors of the defunct bank will have been paid 45 per cent of their deposits.
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Boise.-Checks which were sent to the comptroler of currency at Washington have been returned and all creditors of the Overland National bank, who have properly proved their claims, will be paid their third dividend of 10 per cent according to the receiver, R. L. Curtis. With this dividend of 10 per cent, amounting to $86,930.02, creditors of the defunct bank will have been paid 45 per cent of their deposits.
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# BICKNELL FREED # OF U. S. CHARGE # IN BANKING CASE Not Guilty of Misapplication of Funds-Disagree on False Reports R. F. Bicknell, former president: J. H. Black, vice president, and G. R. Hitt, cashier of the defunct Overland National bank, at Boise, were on Sunday found not guilty of misapplication of the bank's funds but the jury disagreed on the charge of making false reports to the comptroller in the items of excess loans. The case was tried in federal court at Boise. Bicknell was bondsman for the contractors on the Grangeville-Whitebird link of the North and South Highway. He is reported to have lost much money in this enterprise. U. S. District Atty. E. G. Davis, said that he would probably proceed to retry the defendants on the latter charge. The jury asked for further instructions Saturday night after being out for eight hours regarding the testimony of certain of the witnessess, asking if the members of the jury had a right to substitute heir own idea as to the evidence testified to by witnessess. They were informed by Judge Bean that they had not. The jury then retired and returned a sealed verdict Sunday. The trial of the case occupied two weeks. Indictments were returned by the grand jury this fall. The bank failed more than a year ago. All the defendants are prominent. Bicknell was food commissioner for Idaho during the war. He is a successful sheep man. Black is his son-in-law and had been in business in Boise for years. Hitt was state bank commissioner of Idaho when Governor Alexander was chief executive of the state. Bicknell resigned as president of the bank several months before its failure Up to the present time the bank under the receiver has paid 45 percent of deposits. The government made its case against the bankers largely on the charge they deliberately made excess loans in violation of the federal banking laws.
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BOISE BANK RECEIVER DIES AT WASHINGTON (Special to Press-Times.) BOISE, Ida., Sept. 18.—R. L. Curtis, who was receiver of the Overland National bank of Boise, is dead, according to telegraphic word received by Claud Sill, receiver of the First National bank of Nampa. Mr. Curtis, who was in the employ of the comptroller of the currency, died suddenly Thursday morning in Washington, D. C., the telegram said.
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Former Bank Receiver in Idaho Is Dead in East Special to The Tribune. BOISE, Idaho, Sept. 18.—R. L. Curtis, who was receiver of the Overland National bank of Boise, is dead, according to telegraphic word received by Claud Sill, receiver of the First National bank of Nampa. Mr. Curtis, who was in the employ of the comptroller of the currency, died suddenly Thursday morning in Washington, D. C., the telegram said. DELEGATES CHOSEN. Special to The Tribune. HAILEY, Idaho, Sept. 18.—Hailey lodge of the Ladies of the Maccabees will send as representatives to the Pocatello convention the Misses Dorothy Gray, Virginia Schad, Rose Barrett and Bernice Jones, Mesdames Russell Werry, Mary Allen, John Bollger, Lydia Blair and Minnie Florer.