Article Text
BANK CLOSES BOISE, Idaho, Boise National bank. third in size of Boise's three banks today was turned over to the comptroller of the currency for liquidation. Closing of the bank was the first instance of the kind in Boise in 10 years
Boise City National Bank (Boise, ID)
Episode Information
- Episode UID
347101592- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
34710national - Charter Number
- 3471
- Start Date
- August 1, 1932
- Location
- Boise, Idaho (43.614, -116.203)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
35cf530e75ebdade
Response Measures
None
Receivership Details
- Depositor recovery rate
- 71.4%
- Date receivership started
- 1932-08-09
- Date receivership terminated
- 1940-03-29
- Share of assets assessed as good
- 50.6%
- Share of assets assessed as doubtful
- 29.1%
- Share of assets assessed as worthless
- 20.3%
Events (4)
1.
March 16, 1886
Chartered
- Source
- historical_nic
2.
August 1, 1932
Suspension
- Cause
- Government Action
- Cause Details
- Turned over to the comptroller of the currency for liquidation (closed by federal authority).
- Newspaper Excerpt
- BOISE, Idaho, Boise National bank. third in size of Boise's three banks today was turned over to the comptroller of the currency for liquidation.
- Source
- newspapers
3.
August 9, 1932
Receivership
- Source
- historical_nic
4.
August 18, 1932
Receivership
- Newspaper Excerpt
- J. L. Eckerson ... appointed receiver of the Boise City National bank, has started on the task of liquidating affairs of the bank.
- Source
- newspapers
Newspaper Articles (11)
Article Text
Boise Bank Closes. The Boise City National bank, third in size of Boise three banks, was turned ove the of the for liquidation Closing of the bank was the first stance of the kind in Boise in ten years.
Article Text
RECEIVER FOR BANK BEGINS BOISE WORK J. L. Eckerson of Coeur Alene recently appointed receiver of the Boise City National bank, has started on the task of liquidating affairs of the bank. The receiver has been in Boise several days. Eckerson said Wednesday that he would go over affairs of the concern, study the books, and make thorough survey of the financial situation before he is prepared to make any statements as to future
Article Text
Boise City National Bank Receives Loan Reconstruction Finance Corporation authorized loan of $150. 000 to the Boise City National bank's receivers in April, said an announcement here. only other loan reported as made to Idaho institution was of $3,500 to the First National bank of Hagerman. The First National Bank of Lewiston withdrew or cancelled $92.665 the Joan authorized for it.
Article Text
BOISE BANK GETS LOAN (P)-The Recon struction Finance corporation authorized of thousand dollars to the Boise City National bank's receivers in April, an announcement Thursday South Africa expects to produce nearly 3,400,000,000 pounds of maize this year Used refrigerators at Oakleys.Advertisement
Article Text
DEFUNCT BANK HAS PAID Actual Dividends to Unsecured Deposits Eckerson Reports: Collections Million Dollars Payment of dividend of $251,to depositors, and of secured claims totaling $372,989, during the months ending July was announced Wednesday by Eckerson, receiver of the Boise City National bank. The receiver now deposit, after these paymade, $42,504.35. The quarterly report was issued showing total collections of from since the bank closed in August, 1932, 11 months ago. Total Expense $30,714 In that time the total expense the actual working expenses, the heatand upkeep of the bank buildand all the last three months covered by the report the total cost of the $10.00 which $5500 for and upkeep building. receiver collected and interest of which collected during the three months. Pay Off Loan loan of from the ReFinance corporation paid during the quarter. Collections the receivership last report, March amounted which the payment of stock. There of the stock sessment unpaid. Total uncollected assets of the bank out of total when the bank closed of the bank closed there due secured meaning public deposits. Of total $712,924 has been paid leaving still due this class of deposits.
Article Text
Bank Receiver Releases Report On Collections The Boise City National bank has collected $1,104,783.83 from assets and stock assessments since it closed August 1, 1932, a report Monday by J. L. Eckerson, receiver, revealed. Of this $28,835.64 was collected from stock assessments, out of a total assessment of $375,000. Uncollected assets remaining are $1,715,288.34. Secured liabilities paid a total of $722,337.61. The dividend paid to depositors last May amounts to $252,677.16. The RFC loan of $53,000 has been repaid; there has been $46,399.93, including more than $12,000 in taxes and the costs of operation of the building, paid out by the receivership. Earnings of the receivership, largely from operation of the bank building, are $54,095.17.
Article Text
BANK RECEIVER IS PROGRESSING Collections for Boise City to Date Total $1,395,499, Eckerson Reports Collections of $1,395,449.63 have been made by the receivership of the Boise City National bank since the institution closed its doors August 1, 1932, the quarterly report of J. L. Eckerson, receiver, made public Saturday, disclosed. Of these collections, $1,148,101.22 came from assets and the stock assessment. Premiums and rentals have amounted to $60,394.23, and an RFC loan of $186,500 is among the receipts.
Article Text
Bank Receiver Sues Stockholders Suit for $1800 was started Thursday by J. L. Eckerson, receiver of the Boise City National bank, against Margaret Georgianna Munro. The suit is one of several instituted against stockholders of the bank on their assessments on stock. Under the national banking act a stockholder is liable to an assessment to the total amount of the par value of his stock in case the money is necessary to meet obligations of the bank. Mrs. Munro is the owner of 18 shares of $100 par value each. The bank closed August 1, 1932, and since then two dividends, totaling 33 1-3 per cent, have been paid.
Article Text
BANK RECEIVER WINS JUDGMENT IN LAWSUIT Judgment of $2074.75 was granted J. L. Eckerson, receiver of Boise City National bank, against Margaret Georgiana Munro, a stockholder. Removal of a criminal charge against William Evans to the northern district of California was ordered by the court. Evans is charged with stealing a truck at Minersville, Cal. Irving Trust company, Chase National bank, and the Chemical Bank and Trust company, petitioners in the matter of Mesa Orchards, alleged bankrupt, filed application for dismissal of the case.
Article Text
BANK RECEIVER ISSUES REPORT Defunct Boise Institution Estimated to Be Worth Nearly $475,000 Cash on hand totaling $22,446.55 and uncollected assets estimated to be worth approximately $475,000 were reported Wednesday in the regular quarterly report of Ross Madden, receiver of the Boise City National bank. Assets at the closing of the bank August 1, 1932, were estimated at $3,042,016.81 book value, together with a stock assessment of $375,000. Cash collected has totaled $1,486,703.44 out of assets and $50,439.02 from stock assessments. Uncollected assets have a book value of $1,134,171.26, scaled down to the book value given. Uncollected assessments totaling $283,454.50 have an estimated or appraised value of $72,965.