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Bank Info for NB Charter 11224 (1918 - 1928)

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Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Avoca, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1919-1926 Otto Parelius Rakness John Schritzmeier Tolversen
1926-1928 Otto Parelius Rakness Thorvald O. Isaksen Westby
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 - 2227
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Jul 31, 1918
  • Chartered Aug 23, 1918
  • Receivership May 5, 1928
  • Succeeded Avoca State Bank (Established 1899) in 1918 (md)
  • Same ABA# 75-641 for both banks, plus same officers.
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1927) $283,862
High Bal (1924) $408,686
Circulation Summary
Low Bal (1921) $6,200
High Bal (1919) $6,500
Total Out (1927) $6,500
# Large Notes 8,908
# Small Notes 0
# Total Notes 8,908
$ Large Size $44,540
$ Small Size $0
$ Total Issued $44,540
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-12-1919 $348,200.00 $6,500.00
Sep-12-1920 $356,892.00 $6,500.00
Sep-06-1921 $331,514.00 $6,200.00
Sep-15-1922 $349,947.00 $6,500.00
Sep-14-1923 $353,498.00 $6,500.00
Oct-10-1924 $408,686.00 $6,500.00
Sep-28-1925 $392,370.00 $6,500.00
Dec-31-1926 $306,433.00 $6,200.00
Oct-10-1927 $283,862.00 $6,500.00

 

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