Lookup  U.S. National Bank Lookup (1863-1935)
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Bank Info for NB Charter 6795 (1903 - 1930)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Madison, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1903-1905 Peter G. Jacobson J. R. Swann
1906-1914 M. A. Stemsrud J. R. Swann
1915-1922 Obert R. Nelson Peter G. Jacobson
1923-1926 Obert R. Nelson W. S. Whitmore
1926-1928 Obert R. Nelson H. F. Hauck
1929-1929 Leo A. Nikolai Peter Galle
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 - 1225
1902 Date Back 3x10-20 1 - 1570
1902 Plain Back 3x10-20 1571 - 4070
1929 Type 1 6x10 1 - 146
1929 Type 1 6x20 1 - 38
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized May 15, 1903
  • Chartered May 22, 1903
  • Succeeded Farmers State Bank
  • Liquidated Apr 28, 1930
  • Absorbed by Madison State Bank and Lac qui Parle County Bank, Madison
  • Notation on Organization Report:
  • Succeeds Farmers State Bank
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded Farmers State Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1903) $150,428
High Bal (1920) $586,840
Circulation Summary
Low Bal (1903) $8,500
High Bal (1906) $25,000
Total Out (1929) $25,000
# Large Notes 21,180
# Small Notes 1,104
# Total Notes 22,284
$ Large Size $264,750
$ Small Size $13,320
$ Total Issued $278,070
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-09-1903 $150,428.22 $8,500.00
Sep-06-1904 $171,814.20 $17,000.00
Aug-25-1905 $174,809.00 $17,000.00
Sep-04-1906 $181,635.00 $25,000.00
Aug-22-1907 $181,312.00 $25,000.00
Sep-23-1908 $210,520.00 $25,000.00
Sep-01-1909 $218,069.00 $25,000.00
Sep-01-1910 $251,644.00 $25,000.00
Sep-01-1911 $278,390.00 $25,000.00
Sep-04-1912 $288,508.00 $25,000.00
Aug-09-1913 $326,740.00 $25,000.00
Sep-12-1914 $352,402.00 $25,000.00
Sep-02-1915 $340,444.00 $25,000.00
Sep-12-1916 $347,000.00 $25,000.00
Sep-11-1917 $388,912.00 $24,500.00
Aug-31-1918 $522,471.00 $25,000.00
Sep-12-1919 $568,581.00 $25,000.00
Sep-12-1920 $586,840.00 $24,600.00
Sep-06-1921 $543,752.00 $24,600.00
Sep-15-1922 $540,367.00 $25,000.00
Sep-14-1923 $518,624.00 $25,000.00
Oct-10-1924 $523,834.00 $25,000.00
Sep-28-1925 $518,518.00 $24,700.00
Dec-31-1926 $391,089.00 $25,000.00
Oct-10-1927 $339,250.00 $25,000.00
Dec-31-1928 $332,117.00 $25,000.00
Dec-31-1929 $273,207.00 $25,000.00

 

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