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Bank Info for NB Charter 6204 (1902 - 1924)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Minnesota Lake, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1902-1909 Oscar Hugo Schroeder Peter Kremer
1910-1913 Charles W. Borchert Peter Kremer
1914-1920 Charles W. Borchert M. S. Fisch
1921-1924 F. A. Ludwig M. S. Fisch
Other Known Bank Note Signers
Bank Note History Links
Bank Note Types Issued (VanBelkum)
Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Red Seal 4x5 1 - 1150
1902 Red Seal 3x10-20 1 - 728
1902 Red Seal 50-100 1 - 44
1902 Date Back 4x5 1 - 1400
1902 Date Back 3x10-20 1 - 930
1902 Date Back 50-100 1 - 44
1902 Plain Back 4x5 1401 - 2600 Plate dated 1902
1902 Plain Back 3x10-20 931 - 1650 Plate dated 1902
1902 Plain Back 4x5 1 - 445 Plate dated 1922
1902 Plain Back 3x10-20 1 - 310 Plate dated 1922
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Apr 5, 1902
  • Chartered Apr 12, 1902
  • Opened for business Apr 18, 1902
  • Receivership Aug 6, 1924
  • Notation on Organization Report:
  • Succeeds Security State Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1903) $113,600
High Bal (1919) $435,640
Circulation Summary
Low Bal (1902) $7,000
High Bal (1904) $25,000
Total Out (1923) $25,000
# Large Notes 27,708
# Small Notes 0
# Total Notes 27,708
$ Large Size $231,500
$ Small Size $0
$ Total Issued $231,500
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-15-1902 $134,253.24 $7,000.00
Sep-09-1903 $113,599.86 $7,000.00
Sep-06-1904 $149,451.10 $25,000.00
Aug-25-1905 $175,451.00 $25,000.00
Sep-04-1906 $199,496.00 $25,000.00
Aug-22-1907 $236,827.00 $25,000.00
Sep-23-1908 $231,855.00 $25,000.00
Sep-01-1909 $223,085.00 $25,000.00
Sep-01-1910 $249,844.00 $25,000.00
Sep-01-1911 $275,734.00 $25,000.00
Sep-04-1912 $281,540.00 $25,000.00
Aug-09-1913 $262,900.00 $25,000.00
Sep-12-1914 $271,378.00 $25,000.00
Sep-02-1915 $280,394.00 $25,000.00
Sep-12-1916 $322,912.00 $25,000.00
Sep-11-1917 $337,629.00 $25,000.00
Aug-31-1918 $350,624.00 $25,000.00
Sep-12-1919 $435,640.00 $25,000.00
Sep-12-1920 $407,239.00 $24,600.00
Sep-06-1921 $355,783.00 $25,000.00
Sep-15-1922 $348,251.00 $24,500.00
Sep-14-1923 $412,665.00 $25,000.00

 

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