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Bank Info for NB Charter 6731 (1903 - 1926)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Royalton, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1903-1903 Charles Richard Rhoda Albert Hugh Turrittin
1903-1914 Charles Richard Rhoda A. C. Wilson
1915-1917 Charles Richard Rhoda S. Hemulatter
1918-1922 Charles Richard Rhoda William Henry Galley
1922-1923 Michael J. Kamla William Henry Galley
1924-1926 Arthur Allen Fitch August A. Plachta
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 - 700
1902 Date Back 3x10-20 1 - 770
1902 Plain Back 3x10-20 771 - 1611
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Apr 9, 1903
  • Chartered Apr 21, 1903
  • Opened for business May 11, 1903
  • Receivership Jul 22, 1926
  • Notation on Organization Report:
  • Succeeded Merchants State Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1903) $82,732
High Bal (1924) $504,670
Circulation Summary
Low Bal (1903) $6,250
High Bal (1908) $12,500
Total Out (1925) $12,500
# Large Notes 9,244
# Small Notes 0
# Total Notes 9,244
$ Large Size $115,550
$ Small Size $0
$ Total Issued $115,550
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-09-1903 $82,732.35 $6,250.00
Sep-06-1904 $96,212.85 $6,250.00
Aug-25-1905 $100,246.00 $6,250.00
Sep-04-1906 $119,730.00 $6,250.00
Aug-22-1907 $143,249.00 $6,250.00
Sep-23-1908 $176,746.00 $12,500.00
Sep-01-1909 $178,151.00 $12,500.00
Sep-01-1910 $199,272.00 $12,500.00
Sep-01-1911 $209,326.00 $12,500.00
Sep-04-1912 $190,187.00 $12,495.00
Aug-09-1913 $185,830.00 $12,095.00
Sep-12-1914 $195,025.00 $12,495.00
Sep-02-1915 $207,713.00 $12,500.00
Sep-12-1916 $215,351.00 $12,500.00
Sep-11-1917 $220,790.00 $12,500.00
Aug-31-1918 $243,712.00 $12,500.00
Sep-12-1919 $300,176.00 $12,500.00
Sep-12-1920 $415,470.00 $12,500.00
Sep-06-1921 $363,899.00 $12,500.00
Sep-15-1922 $393,597.00 $12,500.00
Sep-14-1923 $350,364.00 $12,200.00
Oct-10-1924 $504,670.00 $12,500.00
Sep-28-1925 $496,468.00 $12,500.00

 

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