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Bank Info for NB Charter 5884 (1901 - 1933)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The Chelsea National Bank of
Atlantic City, NJ
2 Chelsea-Second National Bank and Trust Co. of (11/24/1931)
Atlantic City, NJ
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1901-1905 Jeremiah Howard Nixon J. B. Thompson
1906-1911 Wm. H. Schurch, Jr. J. B. Thompson
1912-1932 P. N. Bessor J. B. Thompson
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
1: 1882 Brown Back 3x10-20 1 - 5400
1: 1882 Date Back 3x10-20 1 - 9400
1: 1882 Value Back 3x10-20 9401 - 15900
1: 1902 Plain Back 3x10-20 1 - 13900
1: 1929 Type 1 6x10 1 - 2226
1: 1929 Type 1 6x20 1 - 658
2: 1929 Type 1 6x10 1 - 2296
2: 1929 Type 1 6x20 1 - 613
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized May 20, 1901
  • Chartered Jun 27, 1901
  • Opened for business Jul 1, 1901
  • 1: Assumed 3621 and Atlantic County Trust Company, Atlantic City by consolidation Nov 24, 1931 with title change (Second National Bank, Atlantic City, NJ)
  • 1: 3621 circulation assumed by 5889
  • 2: Receivership Jan 27, 1933
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1901) $231,231
High Bal (1931) $12,765,263
Circulation Summary
Low Bal (1902) $24,500
High Bal (1932) $300,000
Total Out (1932) $300,000
# Large Notes 140,800
# Small Notes 34,758
# Total Notes 175,558
$ Large Size $1,760,000
$ Small Size $423,840
$ Total Issued $2,183,840
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-30-1901 $231,230.64 $25,000.00
Sep-15-1902 $363,529.48 $24,500.00
Sep-09-1903 $375,304.27 $24,500.00
Sep-06-1904 $358,075.90 $25,000.00
Aug-25-1905 $375,180.00 $25,000.00
Sep-04-1906 $565,741.00 $100,000.00
Aug-22-1907 $592,753.00 $100,000.00
Sep-23-1908 $633,125.00 $89,300.00
Sep-01-1909 $855,770.00 $86,800.00
Sep-01-1910 $1,060,285.00 $95,000.00
Sep-01-1911 $1,105,072.00 $89,800.00
Sep-04-1912 $1,122,365.00 $91,750.00
Aug-09-1913 $1,130,368.00 $93,800.00
Sep-12-1914 $1,292,298.00 $96,000.00
Sep-02-1915 $1,384,251.00 $87,700.00
Sep-12-1916 $1,674,428.00 $95,100.00
Sep-11-1917 $2,103,855.00 $96,500.00
Aug-31-1918 $2,228,044.00 $97,700.00
Sep-12-1919 $3,380,868.00 $100,000.00
Sep-12-1920 $4,043,500.00 $98,600.00
Sep-06-1921 $4,435,327.00 $98,100.00
Sep-15-1922 $4,966,318.00 $98,100.00
Sep-14-1923 $5,757,044.00 $96,500.00
Oct-10-1924 $6,579,760.00 $98,000.00
Sep-28-1925 $7,995,550.00 $97,600.00
Dec-31-1926 $8,801,452.00 $96,900.00
Oct-10-1927 $8,068,046.00 $95,900.00
Dec-31-1928 $7,800,572.00 $100,000.00
Dec-31-1929 $7,232,637.00 $100,000.00
Dec-31-1930 $7,342,237.00 $100,000.00
Dec-31-1931 $12,765,263.00 $200,000.00
Dec-31-1932 $11,821,050.00 $300,000.00

 

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