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Bank Info for NB Charter 6412 (1902 - 1931)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Westbrook, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1902-1911 J. A. Pearson John W. Benson
1912-1914 P. G. Hiebert John W. Benson
1915-1925 Alfred Frederick Meyer John W. Benson
1926-1931 Alfred Frederick Meyer Paul Benson
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 3x10-20 1 - 400
1902 Date Back 3x10-20 1 - 1840
1902 Plain Back 3x10-20 1841 - 4415
1929 Type 1 6x10 1 - 284
1929 Type 1 6x20 1 - 81
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Jul 15, 1902
  • Chartered Sep 6, 1902
  • Opened for business Sep 10, 1902
  • Succeeded a state Bank
  • Receivership Sep 4, 1931
  • Notation on Organization Report:
  • Conversion State Bank of Westbrook
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded State Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1902) $115,898
High Bal (1925) $655,240
Circulation Summary
Low Bal (1903) $6,500
High Bal (1909) $25,000
Total Out (1930) $24,700
# Large Notes 19,260
# Small Notes 2,190
# Total Notes 21,450
$ Large Size $240,750
$ Small Size $26,760
$ Total Issued $267,510
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-15-1902 $115,898.02 $0.00
Sep-09-1903 $135,186.62 $6,500.00
Sep-06-1904 $124,869.05 $6,500.00
Aug-25-1905 $125,773.00 $6,500.00
Sep-04-1906 $140,538.00 $6,500.00
Aug-22-1907 $149,175.00 $6,500.00
Sep-23-1908 $175,973.00 $6,500.00
Sep-01-1909 $194,911.00 $25,000.00
Sep-01-1910 $228,512.00 $25,000.00
Sep-01-1911 $250,425.00 $25,000.00
Sep-04-1912 $264,808.00 $25,000.00
Aug-09-1913 $300,202.00 $25,000.00
Sep-12-1914 $355,705.00 $25,000.00
Sep-02-1915 $343,467.00 $25,000.00
Sep-12-1916 $353,276.00 $24,600.00
Sep-11-1917 $366,830.00 $25,000.00
Aug-31-1918 $409,744.00 $25,000.00
Sep-12-1919 $503,383.00 $25,000.00
Sep-12-1920 $555,726.00 $24,600.00
Sep-06-1921 $434,898.00 $25,000.00
Sep-15-1922 $444,088.00 $25,000.00
Sep-14-1923 $526,391.00 $25,000.00
Oct-10-1924 $624,149.00 $24,700.00
Sep-28-1925 $655,240.00 $24,400.00
Dec-31-1926 $541,587.00 $25,000.00
Oct-10-1927 $571,602.00 $24,700.00
Dec-31-1928 $537,616.00 $24,600.00
Dec-31-1929 $545,601.00 $25,000.00
Dec-31-1930 $496,044.00 $24,700.00

 

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