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Bank Info for NB Charter 10758 (1915 - 1924)

Smithsonian Institution (NBN Proof Collection)

No bank note images are available for this bank. A proof is shown here.
Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Lake Preston, SD
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1915-1916 H. L. Olston H. I. Olston
1917-1919 E. C. Olston H. I. Olston
1920-1920 E. C. Olston H. L. Olston
1921-1921 H. L. Olston H. L. Olston
1922-1924 H. L. Olston H. I. Olston
Other Known Bank Note Signers
  • No other known bank note signers for this bank
Bank Note History Links
Bank Note Types Issued (VanBelkum)
Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Plain Back 4x5 1 - 2250
1902 Plain Back 3x10-20 1 - 1542
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Jul 24, 1915
  • Chartered Jul 30, 1915
  • Receivership Mar 28, 1924
  • Notation on Organization Report:
  • Conversion of Merchants Exchange Bank, of Lake Preston, S. D.
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1915) $279,680
High Bal (1920) $579,816
Circulation Summary
Low Bal (1921) $24,200
High Bal (1916) $25,000
Total Out (1923) $25,000
# Large Notes 15,168
# Small Notes 0
# Total Notes 15,168
$ Large Size $122,100
$ Small Size $0
$ Total Issued $122,100
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-02-1915 $279,680.00 $0.00
Sep-12-1916 $387,630.00 $25,000.00
Sep-11-1917 $456,526.00 $25,000.00
Aug-31-1918 $534,950.00 $25,000.00
Sep-12-1919 $556,557.00 $25,000.00
Sep-12-1920 $579,816.00 $24,600.00
Sep-06-1921 $479,638.00 $24,200.00
Sep-15-1922 $485,043.00 $25,000.00
Sep-14-1923 $464,967.00 $25,000.00

 

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