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Bank Info for NB Charter 6788 (1903 - 1924)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The Wells National Bank
Wells, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1903-1904 * none * Daniel Austin Odell
1905-1910 Leonard Nelson Olds Daniel Austin Odell
1911-1922 Leonard Nelson Olds Carl Ludwig Oleson
1923-1924 C. E. Anderson Leonard Nelson Olds
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 - 1750
1902 Date Back 3x10-20 1 - 1860
1902 Plain Back 3x10-20 1861 - 6189
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Apr 6, 1903
  • Chartered May 18, 1903
  • Succeeded Wells Bank
  • Receivership Feb 26, 1924
  • Notation on Organization Report:
  • Conversion Wells Bank
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded Wells Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1904) $123,719
High Bal (1923) $1,514,919
Circulation Summary
Low Bal (1903) $30,000
High Bal (1921) $75,000
Total Out (1923) $75,000
# Large Notes 31,756
# Small Notes 0
# Total Notes 31,756
$ Large Size $396,950
$ Small Size $0
$ Total Issued $396,950
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-09-1903 $134,718.33 $30,000.00
Sep-06-1904 $123,718.95 $30,000.00
Aug-25-1905 $160,649.00 $30,000.00
Sep-04-1906 $175,597.00 $30,000.00
Aug-22-1907 $203,015.00 $30,000.00
Sep-23-1908 $210,180.00 $30,000.00
Sep-01-1909 $238,755.00 $30,000.00
Sep-01-1910 $287,983.00 $30,000.00
Sep-01-1911 $315,687.00 $30,000.00
Sep-04-1912 $402,669.00 $30,000.00
Aug-09-1913 $450,221.00 $30,000.00
Sep-12-1914 $503,650.00 $30,000.00
Sep-02-1915 $594,669.00 $30,000.00
Sep-12-1916 $674,224.00 $30,000.00
Sep-11-1917 $800,608.00 $50,000.00
Aug-31-1918 $1,007,534.00 $50,000.00
Sep-12-1919 $1,202,209.00 $50,000.00
Sep-12-1920 $1,445,431.00 $74,300.00
Sep-06-1921 $1,225,893.00 $75,000.00
Sep-15-1922 $1,443,541.00 $75,000.00
Sep-14-1923 $1,514,919.00 $75,000.00

 

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