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Bank Info for NB Charter 691 (1865 - 1914)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The Mercantile National Bank of
Salem, MA
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1865-1869 Joseph H. Phippen John Dwyer
1870-1877 Joseph H. Phippen Aaron Perkins
1878-1892 Joseph H. Phippen Charles Harrington
1893-1893 William O. Chapman Charles Harrington
1894-1894 Leland H. Cole H. O. Flint
1895-1913 Leland H. Cole William L. Hyde
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
Original Series 3x1-2 1 - 3950
Original Series 4x5 1 - 4100
Original Series 3x10-20 1 - 2200
Original Series 50-100 1 - 792
Series 1875 3x1-2 1 - 1600
Series 1875 4x5 1 - 6250
Series 1875 3x10-20 1 - 2998
Series 1875 50-100 1 - 420
1882 Brown Back 4x5 1 - 12425
1882 Brown Back 3x10-20 1 - 5869
1882 Brown Back 50-100 1 - 1737
1902 Red Seal 4x5 1 - 6750
1902 Red Seal 3x10-20 1 - 2980
1902 Red Seal 50-100 1 - 540
1902 Date Back 4x5 1 - 14760
1902 Date Back 3x10-20 1 - 8469
1902 Date Back 50-100 1 - 212
1902 Date Back 3x50-100 1 - 126
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Dec 22, 1864
  • Chartered Jan 9, 1865
  • Liquidated May 21, 1914
  • Absorbed by Naumkeag Trust Company, Salem
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded Mercantile Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1865) $447,793
High Bal (1912) $1,768,759
Circulation Summary
Low Bal (1890) $45,000
High Bal (1910) $194,000
Total Out (1913) $191,987
# Large Notes 297,310
# Small Notes 0
# Total Notes 297,310
$ Large Size $2,625,900
$ Small Size $0
$ Total Issued $2,625,900
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Oct-02-1865 $447,792.78 $151,250.00
Oct-01-1866 $486,157.20 $176,456.00
Oct-07-1867 $471,340.84 $176,002.00
Oct-05-1868 $504,705.43 $176,182.00
Oct-09-1869 $493,209.70 $175,488.00
Oct-08-1870 $502,820.86 $175,415.00
Oct-02-1871 $546,560.57 $174,714.00
Oct-03-1872 $557,537.70 $175,603.00
Sep-12-1873 $565,476.36 $174,242.00
Oct-02-1874 $538,414.25 $175,900.00
Oct-01-1875 $533,783.48 $162,000.00
Oct-02-1876 $503,342.34 $173,500.00
Oct-01-1877 $563,367.06 $176,800.00
Oct-01-1878 $523,178.76 $168,800.00
Oct-02-1879 $532,077.32 $176,800.00
Oct-01-1880 $586,040.74 $178,000.00
Oct-01-1881 $624,370.03 $177,800.00
Oct-03-1882 $630,120.28 $175,200.00
Oct-02-1883 $619,833.77 $178,000.00
Sep-30-1884 $641,375.11 $180,000.00
Oct-01-1885 $656,866.63 $177,000.00
Oct-07-1886 $647,243.65 $179,500.00
Oct-05-1887 $606,770.38 $99,840.00
Oct-04-1888 $575,911.46 $100,800.00
Sep-30-1889 $552,341.60 $100,800.00
Oct-02-1890 $538,659.10 $45,000.00
Sep-25-1891 $497,104.20 $45,000.00
Sep-30-1892 $489,267.20 $45,000.00
Oct-03-1893 $477,277.47 $45,000.00
Oct-02-1894 $511,165.50 $45,000.00
Sep-28-1895 $581,490.26 $89,000.00
Oct-06-1896 $589,283.17 $93,790.00
Oct-05-1897 $718,198.43 $138,540.00
Sep-20-1898 $680,240.49 $93,070.00
Sep-07-1899 $780,191.71 $45,000.00
Sep-05-1900 $804,272.09 $50,000.00
Sep-30-1901 $913,094.57 $148,400.00
Sep-15-1902 $942,475.98 $50,000.00
Sep-09-1903 $1,199,839.36 $144,600.00
Sep-06-1904 $1,254,342.85 $150,000.00
Aug-25-1905 $1,383,992.00 $141,000.00
Sep-04-1906 $1,462,665.00 $138,200.00
Aug-22-1907 $1,497,381.00 $145,000.00
Sep-23-1908 $1,552,186.00 $187,300.00
Sep-01-1909 $1,529,105.00 $191,700.00
Sep-01-1910 $1,654,464.00 $194,000.00
Sep-01-1911 $1,767,322.00 $191,900.00
Sep-04-1912 $1,768,759.00 $190,300.00
Aug-09-1913 $1,694,265.00 $191,987.00

 

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