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Bank Info for NB Charter 10824 (1916 - 1933)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Swanville, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1916-1929 Otto Henry Hitzemann John Joseph Reichert
1930-1930 John James McRae, (Jr.) John Joseph Reichert
1931-1932 John James McRae, (Jr.) Dr. Edwin Jaggard Simons
Other Known Bank Note Signers
Bank Note History Links
Bank Note Types Issued (VanBelkum)
Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Plain Back 3x10-20 1 - 2606
1929 Type 1 6x10 1 - 384
1929 Type 1 6x20 1 - 119
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Jan 29, 1916
  • Chartered Feb 10, 1916
  • Conservatorship Mar 30, 1933
  • Receivership Dec 7, 1933
  • Notation on Organization Report:
  • Conversion of The Peoples State Bank of Swanville, Minn.
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1916) $171,292
High Bal (1923) $475,960
Circulation Summary
Low Bal (1924) $19,500
High Bal (1916) $20,000
Total Out (1932) $20,000
# Large Notes 10,424
# Small Notes 3,018
# Total Notes 13,442
$ Large Size $130,300
$ Small Size $37,320
$ Total Issued $167,620
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-12-1916 $171,292.00 $20,000.00
Sep-11-1917 $200,738.00 $20,000.00
Aug-31-1918 $255,262.00 $19,600.00
Sep-12-1919 $378,011.00 $20,000.00
Sep-12-1920 $443,205.00 $20,000.00
Sep-06-1921 $438,078.00 $20,000.00
Sep-15-1922 $447,591.00 $20,000.00
Sep-14-1923 $475,960.00 $20,000.00
Oct-10-1924 $441,117.00 $19,500.00
Sep-28-1925 $425,902.00 $20,000.00
Dec-31-1926 $384,744.00 $20,000.00
Oct-10-1927 $363,799.00 $20,000.00
Dec-31-1928 $341,009.00 $20,000.00
Dec-31-1929 $342,506.00 $20,000.00
Dec-31-1930 $323,767.00 $20,000.00
Dec-31-1931 $294,427.00 $20,000.00
Dec-31-1932 $257,086.00 $20,000.00

 

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