- Organized Jun 25, 1917
- Chartered Jun 30, 1917
- Absorbed 11364 Nov 5, 1924 (National Mechanics Bank, Newport News, VA)
- Liquidated Mar 18, 1932
- Absorbed by 4635 (First National Bank, Newport News, VA)
- Receivership Oct 27, 1932
- Notation on Organization Report:
- Conversion of Schmelz Brothers Bankers, Incorporated, Newport News, Virginia
|
Circulation Summary |
Low Bal (1917) |
$75,000 |
High Bal (1929) |
$200,000 |
Total Out (1930) |
$200,000 |
|
|
# Large Notes |
310,716 |
# Small Notes |
70,620 |
# Total Notes |
381,336 |
|
|
$ Large Size |
$2,475,750 |
$ Small Size |
$531,060 |
$ Total Issued |
$3,006,810 |
|
Report Date |
Total Resources |
Circulation |
Sep-11-1917 |
$2,984,918.00 |
$75,000.00 |
Aug-31-1918 |
$5,039,476.00 |
$188,400.00 |
Sep-12-1919 |
$5,410,269.00 |
$192,500.00 |
Sep-12-1920 |
$6,141,005.00 |
$190,300.00 |
Sep-06-1921 |
$5,404,875.00 |
$191,400.00 |
Sep-15-1922 |
$4,865,584.00 |
$197,300.00 |
Sep-14-1923 |
$5,072,590.00 |
$196,700.00 |
Oct-10-1924 |
$5,577,047.00 |
$197,200.00 |
Sep-28-1925 |
$5,589,495.00 |
$196,600.00 |
Dec-31-1926 |
$6,099,607.00 |
$196,100.00 |
Oct-10-1927 |
$5,835,779.00 |
$195,400.00 |
Dec-31-1928 |
$6,163,038.00 |
$196,400.00 |
Dec-31-1929 |
$5,985,288.00 |
$200,000.00 |
Dec-31-1930 |
$5,817,966.00 |
$200,000.00 |
|