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Bank Info for NB Charter 6436 (1902 - 1984)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Rushford, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1902-1906 Niles Carpenter Nathan Pierce Colburn
1907-1907 * none * Nathan Pierce Colburn
1907-1910 Ludvig Tagland Niles Carpenter
1911-1916 Ludvig Tagland Dr. Henry William Eldred
1917-1918 Ludvig Tagland Thomas Kierland
1919-1920 Earle Sylvanus Habberstad Thomas Kierland
1921-1929 Earle Sylvanus Habberstad Olaf M. Habberstad
1930-1935 Elvin Humble Olaf M. Habberstad
1935-1935 Elvin Humble Geo. H. Julsrud
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
1902 Red Seal 4x5 1 - 380
1902 Red Seal 3x10-20 1 - 248
1902 Date Back 4x5 1 - 500
1902 Date Back 3x10-20 1 - 440
1902 Plain Back 4x5 501 - 3615
1902 Plain Back 3x10-20 441 - 2328
1929 Type 1 6x5 1 - 998
1929 Type 1 6x10 1 - 518
1929 Type 1 6x20 1 - 158
1929 Type 2 5 1 - 974
1929 Type 2 10 1 - 656
1929 Type 2 20 1 - 192
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Aug 29, 1902
  • Chartered Sep 23, 1902
  • Opened for business Jan 12, 1903
  • Conservatorship Apr 13, 1933
  • Licensed again May 26, 1933
  • Bank was Open past 1935
  • For Bank History after 1935 see:
  • FDIC Bank History website
  • Failed. Merged with government financial assistance into
  • The Goodhue County NB of Red Wing, MN May 4, 1984.
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1903) $75,312
High Bal (1929) $793,825
Circulation Summary
Low Bal (1903) $7,000
High Bal (1929) $35,000
Total Out (1934) $25,000
# Large Notes 26,284
# Small Notes 11,866
# Total Notes 38,150
$ Large Size $208,700
$ Small Size $95,250
$ Total Issued $303,950
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-09-1903 $75,311.88 $7,000.00
Sep-06-1904 $86,753.05 $7,000.00
Aug-25-1905 $117,387.00 $7,000.00
Sep-04-1906 $124,439.00 $7,000.00
Aug-22-1907 $156,637.00 $7,000.00
Sep-23-1908 $146,580.00 $7,000.00
Sep-01-1909 $155,992.00 $7,000.00
Sep-01-1910 $161,529.00 $7,000.00
Sep-01-1911 $166,786.00 $7,000.00
Sep-04-1912 $179,903.00 $7,000.00
Aug-09-1913 $168,024.00 $7,000.00
Sep-12-1914 $177,183.00 $7,000.00
Sep-02-1915 $179,384.00 $7,000.00
Sep-12-1916 $197,763.00 $7,000.00
Sep-11-1917 $217,213.00 $7,000.00
Aug-31-1918 $218,299.00 $7,000.00
Sep-12-1919 $350,943.00 $25,000.00
Sep-12-1920 $483,522.00 $23,900.00
Sep-06-1921 $440,404.00 $24,700.00
Sep-15-1922 $413,283.00 $25,000.00
Sep-14-1923 $502,438.00 $24,700.00
Oct-10-1924 $505,948.00 $24,600.00
Sep-28-1925 $557,368.00 $24,600.00
Dec-31-1926 $664,107.00 $24,600.00
Oct-10-1927 $692,634.00 $24,600.00
Dec-31-1928 $741,203.00 $24,450.00
Dec-31-1929 $793,825.00 $35,000.00
Dec-31-1930 $706,185.00 $34,100.00
Dec-31-1931 $614,227.00 $35,000.00
Dec-31-1932 $471,700.00 $35,000.00
Dec-30-1933 $358,059.00 $35,000.00
Dec-31-1934 $454,486.00 $25,000.00
Dec-31-1935 $536,983.00 $0.00

 

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