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Bank Info for NB Charter 10898 (1916 - 1932)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Wendell, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1916-1922 Carl Alfred Nilsen Prestrud Edward Charles Mobraaten
1922-1932 Charles Sander Mobraaten Edward Charles Mobraaten
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 4x5 1 - 3770
1902 Plain Back 4x10 1 - 2885
1929 Type 1 6x5 1 - 782
1929 Type 1 6x10 1 - 406
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Aug 19, 1916
  • Chartered Sep 1, 1916
  • Receivership Sep 23, 1932
  • Notation on Organization Report:
  • Conversion of The Farmers & Merchants State Bank of Wendell, Minn.
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1916) $214,358
High Bal (1920) $427,276
Circulation Summary
Low Bal (1925) $23,600
High Bal (1917) $25,000
Total Out (1931) $25,000
# Large Notes 26,620
# Small Notes 7,128
# Total Notes 33,748
$ Large Size $190,800
$ Small Size $47,820
$ Total Issued $238,620
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-12-1916 $214,358.00 $0.00
Sep-11-1917 $251,066.00 $25,000.00
Aug-31-1918 $378,394.00 $24,600.00
Sep-12-1919 $408,352.00 $25,000.00
Sep-12-1920 $427,276.00 $24,400.00
Sep-06-1921 $348,872.00 $24,600.00
Sep-15-1922 $365,229.00 $24,200.00
Sep-14-1923 $377,071.00 $24,500.00
Oct-10-1924 $354,398.00 $24,000.00
Sep-28-1925 $364,232.00 $23,600.00
Dec-31-1926 $330,361.00 $25,000.00
Oct-10-1927 $279,660.00 $24,600.00
Dec-31-1928 $262,826.00 $25,000.00
Dec-31-1929 $256,486.00 $25,000.00
Dec-31-1930 $240,555.00 $25,000.00
Dec-31-1931 $215,320.00 $25,000.00

 

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