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.
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.
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.
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.
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.
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.