Payette National Bank (Payette, ID)

View Charter #8075 on SPMC View balance sheet

Episode Information

Episode UID
807501475
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
80750 national
Charter Number
8075
Start Date
November 15, 1922
Location
Payette, Idaho (44.078, -116.934)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ad18ae614b2f6495

Response Measures

None

Receivership Details

Depositor recovery rate
47.0%
Date receivership started
1922-12-13
Date receivership terminated
1929-09-30
OCC cause of failure
Governance
Share of assets assessed as good
17.9%
Share of assets assessed as doubtful
34.6%
Share of assets assessed as worthless
47.4%

Description

Closure in Nov 1922 led to runs at nearby Fruitland; receiver appointed and dividends later paid.

Events (4)
1. February 2, 1906 Chartered
Source
historical_nic
2. November 15, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended operations indicating insolvency/financial failure leading to closure in mid-November 1922.
Newspaper Excerpt
The bank suspended business November 15, 1922.
Source
newspapers
3. December 13, 1922 Receivership
Source
historical_nic
4. December 13, 1922 Receivership
Newspaper Excerpt
Notice is hereby given to all persons who may have claims against The Payette National Bank ... to H. D. Jackson, Receiver; Comptroller notice dated Jan 10, 1923.
Source
newspapers

Newspaper Articles (17)
1. November 24, 1922 The Kendrick Gazette Kendrick, ID
Article from The Kendrick Gazette, November 24, 1922

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Article Text

GLEANINGS Mrs. Earl Barton and daughter, Bertie Lou, of Moscow, spent the week end at the Knepper home. The Ben Cummings family moved from the H. P. Hull property last week into the Wm. Meyer residence. George L. Carlson of Kendrick and Thomas LaBolle of Texas ridge will be called for jury duty at the district court session at Moscow, December 4. E. W. Lutz and daughter, Eleanor, were Lewiston visitors, Tuesday. The Potlatch highway district will hold an election, at Leland, Tuesday, November 28, for the purpose of electing commissioners for the ensuing term. Donald Miller of Winchester arrived the first of the week for a visit at the Frank Crocker home. The State bank at Fruitland, Idaho and the Payette National Bank at Payette, Idaho, failed Thursday of last week. The state of Idaho had between $25,000 and $26,000 in the two banks but this money was more than covered by security. Following is a list of the candidates for commissioner of Potlatch Highway District, to be voted upon at the election Tuesday, November 28: Carl Hartung, Charles Hill, J. M. Woodward and George Ehiers. According to the version of an eastern banker, the new definition of the word piker IS "a man who lives within his income". It has at last been explained why X men running for office are so nice to women. Most every woman controls one vote and a voter. The news dispatches tell of a woman who telephoned for the first time in 70 years. The chances are she lived on a party line. Born to Mr. and Mrs. Henry Baker at St. Joseph hospital at Lewiston, Monday, November 20, a daughter. Mrs. Baker IS the daughter of Mr. and Mrs. Fred Crocker. Wallace Mckeever of Portland visited his father and sister in Kendrick the first of the week. He will finish his work at dental college some time in May, which will comp'ete four years of splendid training. The past two years has been largely devoted to practical experience in dentistry. Wallace is very much interested in his work and will have a splendid toundation when he begins the practice of his profession. E. H. Dammarell went to Spokane the first of the week on business. Agnes Cox and Donald McCrea, two Kendrick students at the Univeristy of Idaho, were recently appointed on the staff of the 1924 "Gem of the Mountains", official junior class yearbook. Miss Cox will have charge cf music and Mr. McCrea, athletics. An Englishman and an American were walking together through a dense forest when suddenly an owl hooted. Said the Englishman, "What's that?" "That's an owl," replied the American. "Sure, an any bloody blighter would know it was an owl," snapped the Englishman, but who the bloomin' ells owlin". The fall term of the district court for Nez Perce county convened at Lewiston last Saturday morning at 10 o'clock. Mrs. James Calkins of Fruitland, Idaho, returned home, Tuesday, atter visiting a few days with her sister-in-law, Mrs. Raiph Knepper. Mr. and Mrs. Ernest Bolon and son were in Kendrick the first of the week visiting relatives. A. K. Carlson of Nez Perce was transacting business in Kendrick this week. Dr. D. Smith went to Lewiston Thursday atternoon on business. Mrs. Ed Petrick went to Craigmont the first of the week to visit her mother. Geo. E. Knepper returned to Boise Thursday atternoon after a brief visit here with his son, Ralph. E. L. Whisler of Cedar Creek shipped in a registered Poland China male hog from Troy, Wednesday. It is a big boned type and weighs 800 pounds. Mr. Whisler is keeping thoroughbred Poland Chinas on his ranch and IS improving his stock every year. Mrs. A. G. Wilson went to Lewis-

2. December 1, 1922 The Oakley Herald Oakley, ID
Article from The Oakley Herald, December 1, 1922

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ton. also of Malad, suffered two broken ribs and several severe bruises, while Albert Harrison, another member of the party, escaped injury. Boise.-Stock subscriptions amounting to $6,000 in the Idaho state fair have been collected by the state fair committee of the Chamber of Commerce, according to the report of the committee submitted to the Chamber of directors. Announcement was also made that it is the intention of the committee to sell 20 additional shares of the stock which will make the to. tal amount subscribed $8,000, enabling the newly reorganized association to liquidate all outstanding indebtedness and have at their disposal sufficient funds to start work for the fair next year. Idaho Falls.-Robert Stewart, 22. and Nelson Weare, 17, were arrested by local police officers here, after the pair had cashed a forged check for $42 at the Bundle Dry Goods store in payment for purchases made by them. The check was signed with the name of I. W. Park, who. it later developed had befrinded the boys by giving them employment when they arrived here three weeks ago. Fruitland.-The Fruitland State bank closed its doors Thursday noon because of a run on the bank, due to the closing of the Payette National bank on Wednesday. F. M. Gardiner, cashier, reports having sent for the state bank commissioner and stated that he hoped the closing was only temporary. Twin Falls.-Something more than $50,000 was clipped off the Twin Falls Canal company's annual maintenance charge by action of the board of directors at a meeting here when it fixed the 1923 maintenance assessment at $1.25 an acre, as against the levy of $1.50 an acre this year. Two years ago the levy was $3 an acre. Twin Falls.-The season's record for sugar beet production in the Twin Falls district goes to George A. Bender of Bickel, who obtained a yield of 291/2 tons per acre on six acres of land. it was announced by officials of the Amalgamated Sugar company. Boise.-Caldwell, the home city of Idaho's martyred governor, Frank Steumenberg, is up in arms over even consideration by the state board of pardons of the application of Harry Or chard. famous murderer, incarcerated in the Idaho state penitentiary. Business men of that city voted to close their places of business, come to Boise en masse and protest to the state D board against liberating Orchard. Boise-The state of Idaho had between $25,000 and $26,000 in the two 4 banks which closed their doors in Payette county, according to the records of the state's office. There was 4 either $5600 or $6200 in the Fruitland State bank, depending on whether or . not that institution paid a sight draft a which the state drew against it Novémber 15. There was $19,400 in the Payette National bank. Pocatello.-From July 1, 1921, to Nov. 1, 1922, the inspection service of he Idaho state department of agriculture issued certificates of inspecion on 20,276 cars of fruit. vegetables and hay, according to a summary of the 16 months' work. Pocatello.-An industrial conference W f commercial, civic, financial and agicultural interests from 18 counties in outhern and southeastern Idaho met it the chamber of commerce hall Fri.

3. December 8, 1922 The Idaho Recorder Salmon, ID
Article from The Idaho Recorder, December 8, 1922

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Fruitland.-The Fruitland State bank closed its doors Thursday noon because of a run on the bank, due to the closing of the Payette National bank on Wednesday. F. M. Gardiner, cashier, reports having sent for the state bank commissioner and stated that he hoped the closing was only temporary. Twin Falls.-Something more than $50,000 was clipped off the Twin Falls Canal company's annual maintenance charge by action of the board of directors at a meeting here when it fixed the 1923 maintenance assessment at $1.25 an acre, as against the levy of $1.50 an acre this year. Two years ago the levy was $3 an acre. Twin Falls.-The season's record for sugar beet production in the Twin Falls district goes to George A. Bender of Bickel, who obtained a yield of 291/2 tons per acre on six acres of land, It was announced by officials of the Amalgamated Sugar company. Boise.-Caldwell, the home city of Idaho's martyred governor, Frank Steumenberg, is up in arms over even consideration by the state board of pardons of the application of Harry Or chard. famous murderer, incarcerated in the Idaho state penitentiary. Business men of that city voted to close their places of business, come to Boise en masse and protest to the state board against liberating Orchard. Bolse-The state of Idaho had between $25,000 and $26,000 in the two banks which closed their doors in Payette county, according to the records of the state's office. There was either $5600 or $6200 in the Fruitland State bank, depending on whether or not that institution paid a sight draft which the state drew against it November 15, There was $19,400 in the Payette National bank. Pocatello.-Idaho's daily allotment of refrigerator cars in which to ship perishable fruits and vegetables will be nearly three times what it has been, according to word received at the of. fice of the public utilities commission, and announced by E. M. Sweeley. a member of the commission. Where in the past 54 cars have been the daily allotment. the total number will be increased to 143. Pocatello.-From July 1, 1921, to Nov. 1, 1922, the inspection service of the Idaho state department of agrieulture issued certificates of inspection on 20,276 cars of fruit. vegetables and hay, according to a summary of the 16 months' work. Pocatello.-An industrial conference of commercial, civic, financial and agricultural interests from 18 counties in southern and southeastern Idaho met at the chamber of commerce hall Friday afternoon and organized the Idaho Freight Reduction asociation. The obJect of the association will be reduetion of freight rates for Idaho shippers. Pocatello-The Oregon Short Line railroad has a crew of men at Mackay building new stock yards, located on higher round They will be much larger than those that have been in use for several years. = Moscow.-Agnes Shubert and Leona Stoddard of Twin Falls, who were e trained as canning experts under the D direction of the university extension = service, will go to Chicago next month to compete with canning teams from all parts of the United States. e Pocatello.-J. Stevens of Seattle had both legs severed here in attempting to alight from a train at a street crossing. He died shortly afterward in at the general hospital, where he was taken. b ti W Rupert.-With the enamel of the teeth still bright, a number of pieces of petrified jaw bones have attracted tl much attention here for the past few be days. The specimens were unearthed DI some months ago in Owyhee county 0 and the supposition is that they are 11 parts of human beings of the prehistoric age. P to Meridian-A careful check has been 8 kept on the dairy products, milk and cream alone. without counting the inn crease in number and value of dairy cattle throughout the Bolse valley and = during the past nine months the total . sales have amounted to $2,105,723.98. a & Caldwell.-Directors of the Gem : State Poultry association at the Cald well commercial club to make up the hudget and arrange details of the see ond annual poultry show to be held in December. Repert Petitions are being circul

4. December 8, 1922 The Idaho Recorder Salmon, ID
Article from The Idaho Recorder, December 8, 1922

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Pithy News Notes From All Parts of IDAHO Fruithand.-The Fruitland State bank closed its doors Thursday noon because of a run on the bank, due to the closing of the Payette National bank on Wednesday. F. M. Gardiner, cashier, reports having sent for the state bank commissioner and stated that he hoped the closing was only temporary.

5. December 27, 1922 The Challis Messenger Challis, ID
Article from The Challis Messenger, December 27, 1922

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Pithy News Notes From All Parts of IDAHO Boise.-The Oregon Short Line railroad. through Carl R. Gray, president, has signed a contract with the Boise Chamber of Commerce to build a secondary main line of the Oregon Short L'ne railroad into Boise. This is the authoritative announcement of the chamber of commerce. Pocatello.-J. Lobb Brady, secretarytreasurer of the Mountain Home irrigation company, returned from a hasty call to repair a big break in the main flume of the irrigation company. The break was fifty feet in length and the worst one occurring in years. The water was shut off from the main reservoir, workmen were hastily put to work, and the damage is being repaired so as to make sure of delivery of water next spring. Pocatello.-Melvin Carrothers of Malad was instantly killed a short distance out of that city when the car which he was driving turried over, breaking his neck. George Thornton. also of Malad, suffered two broken rif S and several severe bruises, while Albert Harrison, another member of the party, escaped injury. Boise.-Stock subscriptions amounting to $6,000 in the Idaho state fair have been collected by the state fair committee of the Chamber of Commerce, according to the report of the committee submitted to the Chamber of directors. Announcement was also made that It is the intention of the committee to sell 20 additional shares of the stock which will make the to. tal amount subscribed $8,000, enabling the newly reorganized association to liquidate all outstanding indebtedness and have at their disposal sufficient funds to start work for the fair next year. Idaho Falls.-Robert Stewart, 22. and Nelson Weare, 17, were arrested by local police officers here, after the pair had cashed a forged check for $42 at the Bundle Dry Goods store in payment for purchases made by them. The check was signed with the name of I. W. Park, who. it later developed had befrinded the boys by giving them employment when they arrived here three weeks ago. Fruitland.-The Fruitland State bank closed its doors Thursday noon because of a run on the bank, due to the closing of the Payette National bank on Wednesday. F. M. Gardiner, cashier, reports having sent for the state bank commissioner and stated that he hoped the closing was only temporary. Twin Falls.-Something more than $50.000 was clipped off the Twin Falls Canal company's annual maintenance charge by action of the board of directors at a meeting here when it fixed the 1923 maintenance assess. ment at $1.25 an acre, as against the levy of $1.50 an acre this year. Two years ago the levy was $3 an acre. Twin Falls.-The season's record for sugar beet production in the Twin Falls district goes to George A. Bender of Bickel, who obtained a yield of 291/2 tons per acre on six acres of land. it was announced by officials of the Amalgamated Sugar company. Boise.-Caldwell, the home city of Idaho's martyred governor, Frank Steumenberg, is up in arms over even consideration by the state board of pardons of the application of Harry Orchard. famous murderer, incarcerated in the Idaho state penitentiary. Business men of that city voted to close their places of business, come to Boise en masse and protest to the state board against liberating Orchard. Boise.-The state of Idaho had between $25,000 and $26,000 in the two banks which closed their doors in Payette county, according to the records of the state's office. There was either $5600 or $6200 in the Fruitland State bank, depending on whether or not that institution paid a sight draft which the state drew against it November 15. There was $19,400 in the Payette National bank. Pocatello.-From July 1, 1921, to Nov. 1, 1922, the inspection service of the Idaho state department of agriculture issued certificates of inspection on 20,276 cars of fruit. vegetables and hay, according to a summary of the 16 months' work. Pocatello.-An industrial conference of commercial, civic, financial and agricultural Interests from 18 counties in southern and southeastern Idaho met at the chamber of commerce hall Fri. day afternoon and organized the Idaho Freight Reduction asociation. The object of the association will be 1eduction of freight rates for Idaho shippers. Boise.Search is being made by the sheriff's office for two lads who d'sappeared from their homes, hound trie. started

6. January 18, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, January 18, 1923

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TREASURY DEPARTMENT Office of the Comptroller of the Currency. Washington, D. C., January 10th, 1923. Notice is hereby given to all persons who may have claims against "The Payette National Bank" of Payette, Idaho, that the same must be presented to H. D. Jackson, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency. Jam 11, 8 me.

7. February 1, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, February 1, 1923

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TREASURY DEPARTMENT Office of the Comptroller of the Currency. Washington, D. C., January 10th, 1923. Notice is hereby given to all persons who may have claims against "The Payette National Bank" of Payette, Idaho, that the same must be presented to H. D. Jackson, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency. Jan. 11, 3 mo.

8. February 8, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, February 8, 1923

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TREASURY DEPARTMENT Office of the Comptroller of the Currency. Washington, D. C., January 10th, 1923. Notice is hereby given to all persons who may have claims against "The Payette National Bank" of Payette, Idaho, that the same must be presented to H. D. Jackson, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency. Jan. 11, 3 mo.

9. February 15, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, February 15, 1923

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TREASURY DEPARTMENT Office of the Comptroller of the Currency. Washington, D. C., January 10th 1923. Notice is hereby given to all persons who may have claims against "The Payette National Bank" of Payette, Idaho, that the same must be presented to H. D. Jackson, Receiver, with the legal proof thereof. within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency. Jan. 11, 3 mo.

10. March 1, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, March 1, 1923

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TREASURY DEPARTMENT Office of the Comptroller of the Currency. Washington, D. C., January 10th 1923. Notice is hereby given to all persons who may have claims against "The Payette National Bank" of Payette, Idaho, that the same must be presented to H. D. Jackson, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency. Jan. 11, 3 mo.

11. March 15, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, March 15, 1923

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sons who may have claims against "The Payette National Bank" of Payette, Idaho, that the same must be presented to H. D. Jackson, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency. Jan. 11, 3 mo.

12. August 30, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, August 30, 1923

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NOTICE OF ATTACHMENT In the District Court of the Seventh Judicial District of Idaho, in and for Payette County. H. D. Jackson as Receiver of The Payette National Bank of Payette, a corporation, Plaintiff, vs. H. H. Snowberger, Defendant. Notice is hereby given that a Writ of Attachment covering the property of the above named defendant has this day been regularly issued out of the above entitled Court. Witness my hand and seal of said Court this 27th day of August, 1923. LILLIAN WILSON, Clerk of the District Court. SCATTERDAY & STONE, Attorneys for Plaintiff. (SEAL) Aug. 30, last Sept. 13th.

13. September 13, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, September 13, 1923

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NOTICE IMPORTANT The Comptroller of the Currency has authorized the undersigned to pay a first dividend of 10% to each creditor of the Payette National Bank, Idaho, insolvent, who has proved their claims as required by law. The dividend checks are now being prepared by the undersigned, and will be ready to be delivered on September 15, 1923, at the Payette National Bank. EACH CREDITOR MUST PRESENT HIS OR HER RECEIVER'S CERTIFICATE AT TIME CHECKS ARE DELIVERED. H. D. JACKSON, Receiver of the Payette National Bank of Payette, Idaho.

14. September 13, 1923 Payette Enterprise Payette, ID
Article from Payette Enterprise, September 13, 1923

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NOTICE OF ATTACHMENT In the District Court of the Seventh Judicial District of Idaho, in and for Payette County. H. D. Jackson as Receiver of The Payette National Bank of Payette, a corporation, Plaintiff, vs. H. H. Snowberger, Defendant. Notice is hereby given that a Writ of Attachment covering the property of the above named defendant has this day been regularly issued out of the above entitled Court. Witness my hand and seal of said Court this 27th day of August, 1923. LILLIAN WILSON, Clerk of the District Court. SCATTERDAY & STONE, Attorneys for Plaintiff. (SEAL) Aug. 30, last Sept. 13th.

15. February 21, 1924 Payette Enterprise Payette, ID
Article from Payette Enterprise, February 21, 1924

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PROPERTY SOLD BY UNITED STATES MARSHAL The Hendricksen Poperty sold by Frank Brashears, Deputy U. S. Marshal at the court jouse Saturday, failed to bring a very fancy price. One lot near the creamery was bio in by I. W. Kenward at $100.00. The Lowers Lane property was sold to C. F. Broderson for $625, and the business lot on Main street was bid in by H. D. Jackson, receiver of the Payette National Bank.

16. September 19, 1924 The Salt Lake Tribune Salt Lake City, UT
Article from The Salt Lake Tribune, September 19, 1924

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Payette Cashier Goes on Trial for Bank Wrecking Special to The Tribune. BOISE, Idaho, Sept. 18.—C. E. Larson, former cashier of the defunct Payette National bank, went on trial in the federal court today on an indictment returned at a former session of the grand jury charging misapplication of funds and the making of false entries in his reports to the comptroller of currency. Examination of the veniremen may consume more than half a day. The Payette National bank closed its doors in November of 1922 and the government will contend that Larson's alleged unlawful acts helped bring on the failure.

17. May 28, 1927 The Idaho Statesman Boise, ID
Article from The Idaho Statesman, May 28, 1927

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COURT DECIDES FUND NOT HELD IN TRUST Money deposited in the Payette National bank by the treasurer of the city of Payette cannot be held to constitute a trust fund as against the claims of any other creditor of the bank, said Judge C. C. Cavanah in decision Friday in the case of the American Surety company of New York against H. D. Jackson, receiver for the bank. The surety company brought suit to recover $3460. 23 which was claimed to have been unlawfully deposited, and which the company sought to have declared a trust in its favor. The company was surety on a bond of the city treasurer. The bank suspended business November 15, 1922. If you are going to move, call & Coffin. phone 2079. 315 N.