Kendrick State Bank Records

Kendrick State Bank Records, 1899-1939

Overview of the Collection

Creator: Kendrick State Bank
Title: Kendrick State Bank Records
Dates: 1899-1939 (inclusive)
18991939
Quantity: 1.0 cubic feet
Collection Number: MG384 (collection)
Summary: Organizational and financial records filed with the Clerk of the District Court, Latah County, relating to the dissolution of Kendrick State bank, Kendrick, Idaho.
Repository: University of Idaho Library, Special Collections and Archives
Special Collections and Archives
University of Idaho Library
875 Perimeter Drive
MS 2350
Moscow, ID
83844-2350
Telephone: 2088850845
libspec@uidaho.edu
Languages: English
Sponsor: Funding for encoding this finding aid was provided through a grant awarded by the National Endowment for the Humanities.

Historical NoteReturn to Top

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.

Content DescriptionReturn to Top

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 InformationReturn to Top

Arrangement

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.

Acquisition Information

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 Note

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 CollectionReturn to Top

Series I. Organizational Records , 1899-1939Return to Top

Container(s)	Description	Dates
Box/Folder
1/1	Articles of incorporation and by-laws 6 items	1899-1937
1/2	Record of Directors Meetings 1 item	December 23, 1929-December 31, 1937
1/3	Minute Book of Kendrick State Bank 1 item	January 1938-September 1939
1/4	Minutes of directors and holders of Trust certificates 3 items	1938-1939
1/5	Stock certificate book 1 item	1920-1939
1/6-7	Certificate of interest books 2 items	1933-1939
1/8	Stock membership list 1 item	1939
1/9	Depositors trust agreement 1 item	1933
1/10	U.S. Corporation and excess profits returns 7 items	1933-1939
1/11	Idaho Corporation income tax returns 7 items	1933-1939
1/12	Employers tax return (Social Security) 13 items	1927-1939
1/13	Idaho. Employers quarterly summary report, unemployment compensation 16 items	1936-1939

Series II. Financial Records , 1929-1939Return to Top

Container(s)	Description	Dates
Box/Folder
1/14-15	Call reports 34 items	1929-1939
1/16	Circular letter announcing the reopening of the bank 1 item	1933
1/17	Earnings and dividends statements 13 items	1934-1939
1/18	Earnings and expenses reports 4 items	1933-1935
1/19	F.D.I.C. schedule 1 item	October 1, 1934
1/20	F.D.I.C. Examination 1 item	February 25, 1939
1/21	State Examination 1 item	February 25, 1939
1/22	Schedule of crop and chattel mortgages delivered to Farmers Bank 1 item	1939
1/23	Reconcilement of Accounts book 1 item	May 1935-April 1940
1/24	Ledger 1 item	1928-1939

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