City National Bank (Jerome, ID)

View Charter #11578 on SPMC View balance sheet

Episode Information

Episode UID
1157801481
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
115780 national
Charter Number
11578
Start Date
May 1, 1923*
Location
Jerome, Idaho (42.724, -114.519)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2ebaeebeeb86be80

Response Measures

None

Receivership Details

Depositor recovery rate
55.0%
Date receivership started
1923-05-24
Date receivership terminated
1928-03-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
42.1%
Share of assets assessed as doubtful
27.0%
Share of assets assessed as worthless
30.9%

Description

Suspension date not given in articles; receivership confirmed May 1923.

Events (5)
1. January 16, 1920 Chartered
Source
historical_nic
2. May 1, 1923* Suspension
Cause Details
Article states the bank suspended business some time ago without specifying the trigger or cause.
Newspaper Excerpt
the City National Bank of Jerome, which banks suspended business some time ago.
Source
newspapers
3. May 24, 1923 Receivership
Source
historical_nic
4. May 28, 1923 Receivership
Newspaper Excerpt
W. A. Heiss was appointed receiver for the Jerome City National bank and began his duties Monday morning, following confirmation by Mr. Waldron, federal reserve receiver for the institution. Both men were checking the bank accounts Monday afternoon.
Source
newspapers
5. June 17, 1926 Other
Newspaper Excerpt
W. A. Heiss has resigned as receiver of several failed Southern Idaho banks ... the First National Bank of Rupert, First National Bank of Wendell and City National of Jerome.
Source
newspapers

Newspaper Articles (3)
1. May 10, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, May 10, 1923

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Article Text

The Federal Reserve Bank of San Francisco has transferred Mr. J. B. Watts from Payette to Jerome and Wendell where he will look after the interests of the Salt Lake branch in the First National Bank of Wendell, and the City National Bank of Jerome, which banks suspended business some time ago. He is succeeded by Mr. H. W. Champneys, who is also looking after the interests of the Federal Reserve Bank in the First National Bank and United States National Bank of Vale, which banks suspended operations some time ago. Mr. Champney's headquarters will of necessity be at Vale, but he expects to spend the first week of each month at Payette for the purpose of transacting business. His office while In Payette will be in the Payette National Bank.

2. May 29, 1923 The Idaho Statesman Boise, ID
Article from The Idaho Statesman, May 29, 1923

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Article Text

BANK RECEIVER IS NAMED (Special Dispatch.) JEROME, Ida.—W. A. Heiss was appointed receiver for the Jerome City National bank and began his duties Monday morning, following confirmation by Mr. Waldron, federal reserve receiver for the institution. Both men were checking the bank accounts Monday afternoon.

3. June 17, 1926 South Idaho Press Burley, ID
Article from South Idaho Press, June 17, 1926

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Article Text

Receiver of Local Bank Has Resigned W. A. Heiss has resigned as receiver of several failed Southern Idaho banks and C. O. Thomas. a national bank receiver of Pocatello, Idaho, will have charge in closing up the remaining business of the institutions. The receiverships which Mr. Heiss, resigns are the First National Bank of Burley, First National Bank of Rupert, First National Bank of Wendell and City National of Jerome. First National Bank of Burley, elosed November 19th, 1921. Mr. Heiss appointed receiver May 28, 1925. Divinone. As the Wendell and Burley banks assets were sold some time ago, the affairs of these two banks are practically ready to be closed.