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Bank Info for NB Charter 1659 (1866 - 1879)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Salem, NC
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1866-1877 William Augustus Lemly Israel George Lash
1878-1878 William Augustus Lemly Frederick Edward Belo
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
Original Series 4x5 1 - 4280
Original Series 3x10-20 1 - 2988
Series 1875 3x10-20 1 - 864
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Feb 27, 1866
  • Chartered Aug 21, 1866
  • Liquidated Jan 14, 1879
  • Notation on Organization Report:
  • Note: Special: "This Bank stipulates to waive all right to circulation in excess of the amount to which it is entitled to receive on one third of its capital".
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1866) $73,633
High Bal (1875) $511,144
Circulation Summary
Low Bal (1867) $30,600
High Bal (1871) $135,000
Total Out (1878) $134,400
# Large Notes 32,528
# Small Notes 0
# Total Notes 32,528
$ Large Size $278,200
$ Small Size $0
$ Total Issued $278,200
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Oct-01-1866 $73,633.49 $0.00
Oct-07-1867 $216,449.77 $30,600.00
Oct-05-1868 $202,771.52 $30,600.00
Oct-09-1869 $220,181.61 $30,600.00
Oct-08-1870 $284,032.47 $33,600.00
Oct-02-1871 $417,671.29 $135,000.00
Oct-03-1872 $440,531.02 $135,000.00
Sep-12-1873 $476,174.13 $135,000.00
Oct-02-1874 $457,273.02 $135,000.00
Oct-01-1875 $511,143.61 $135,000.00
Oct-02-1876 $495,376.13 $135,000.00
Oct-01-1877 $466,265.95 $135,000.00
Oct-01-1878 $453,598.15 $134,400.00

 

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