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Guide to the Kendrick State Bank Records ; Kendrick State Bank Records

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Guide to the Kendrick State Bank Records 1899-1939

Sponsor: Funding for encoding this finding aid was provided through a grant awarded by the National Endowment for the Humanities.


Overview of the Collection

Title: Records
Creator: Kendrick State Bank
Dates: 1899-1939
Quantity: 1.0 cubic feet
Abstract:Organizational and financial records filed with the Clerk of the District Court, Latah County, relating to the dissolution of Kendrick State bank, Kendrick, Idaho.
Identification: MG384
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

The records of the Kendrick State Bank have been arranged in two series, organizational and financial.The organizational records include articles of incorporation and by-laws, minutes of Directors' meetings, a stock certificate book, two certificate of interest books, tax returns and quarterly summary reports.The financial records include reports on the condition of the bank, earnings and dividends reports, FDIC reports, and a State of Idaho Department of Finance report on the condition of the bank in 1939, a ledger, and reconcilement of accounts book.

Scope and Content

The records of the Kendrick State Bank span the years 1920 to 1939, with the bulk of the material covering the years 1933 to 1939.

Included in the records are articles of incorporation, minutes of Directors' meetings, stock certificate books, tax returns, reports on the condition of the bank, and other financial records.


Administrative/Biographical History

The Bank of Kendrick was founded in 1890 by J.M. Walker, one of the town's first trustees. Frank Gilbert organized his First National Bank in 1892 by merging with the Bank of Kendrick. Five years later this bank was reorganized and renamed Kendrick State Bank. J.W. Bradbury became the president, L.P. Bradbury, the cashier. The bank was again reorganized in 1912.

Following this reorganization Martin V. Thomas headed the bank and G.S. Porter was the cashier. The Kendrick State Bank acquired the assets of A.H. Behren's Bank of Juliaetta in March 1931. At that time Amos Moore was president and Hugh B. Thompson the cashier.

Moore, Thompson, and N. Brocke continued to operate the Kendrick State Bank until 1939. Prior to May 5, 1939, a proposal was made by Farmer's Bank of Kendrick, founded by John P. Vollmer in 1907, to purchase the assets of the Kendrick State Bank, and to dissolve the corporation. Moore discussed the advisability of this proposal with bank officers, stockholders and a representative of the FDIC. On August 1939 he entered into a written agreement with Farmer's Bank and a resolution agreeing to the purchase was adopted at a special meeting of the Board of Directors on September 7. The resolution was approved at a meeting of holders of trust certificates later in the month. The Kendrick State Bank had ceased to exist.


Subjects

This collection is indexed under the following headings in the online catalog. Researchers desiring materials about related topics, persons, or places should search the catalog using these headings.

Business, Industry, and Labor
Idaho

Kendrick State Bank (Kendrick, Idaho)

Bank failures -- Idaho -- Kendrick -- History -- Sources
Banks and banking -- Idaho -- Kendrick -- History -- Sources

Administrative Information

Source

The records relating to the dissolution of the Kendrick State Bank were submitted to the Clerk of the District Court and were received by the University of Idaho Library as part of the Latah County Records (MG 382). In processing, they were separated to make them more accessible.

Processing Information

Several oversize volumes including a National distribution of expense account book and a Daily statement book were removed from the collection. This reduced the records by 0.5 cubic feet.


Detailed Description of the Collection

Series I. Organizational Records 1899-1939
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1/11/1Articles of incorporation and by-laws 1899-1937 6 items
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1/21/2Record of Directors Meetings December 23, 1929-December 31, 1937 1 item
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1/31/3Minute Book of Kendrick State Bank January 1938-September 1939 1 item
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1/41/4Minutes of directors and holders of Trust certificates 1938-1939 3 items
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1/51/5Stock certificate book 1920-1939 1 item
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1/6-71/6-7Certificate of interest books 1933-1939 2 items
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1/81/8Stock membership list 1939 1 item
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1/91/9Depositors trust agreement 1933 1 item
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1/101/10U.S. Corporation and excess profits returns 1933-1939 7 items
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1/111/11Idaho Corporation income tax returns 1933-1939 7 items
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1/121/12Employers tax return (Social Security) 1927-1939 13 items
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1/131/13Idaho. Employers quarterly summary report, unemployment compensation 1936-1939 16 items
Series II. Financial Records 1929-1939
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1/14-151/14-15Call reports 1929-1939 34 items
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1/161/16Circular letter announcing the reopening of the bank 1933 1 item
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1/171/17Earnings and dividends statements 1934-1939 13 items
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1/181/18Earnings and expenses reports 1933-1935 4 items
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1/191/19F.D.I.C. schedule October 1, 1934 1 item
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1/201/20F.D.I.C. Examination February 25, 1939 1 item
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1/211/21State Examination February 25, 1939 1 item
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1/221/22Schedule of crop and chattel mortgages delivered to Farmers Bank 1939 1 item
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1/231/23Reconcilement of Accounts book May 1935-April 1940 1 item
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1/241/24Ledger 1928-1939 1 item

Profile Description

Creation: Encoded by ArchProteus2003
Language: Finding aid is in English

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