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Bank Info for NB Charter 7081 (1903 - 1924)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Ulen, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1904-1922 L. S. Lofgren Charles J. Lofgren
1922-1924 E. A. Westin Charles J. Lofgren
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 - 400
1902 Date Back 3x10-20 1 - 1810
1902 Plain Back 3x10-20 1811 - 3585
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Dec 12, 1903
  • Chartered Dec 31, 1903
  • Receivership Oct 28, 1924
  • Notation on Organization Report:
  • Succeeds State Bank of Ulen
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1904) $87,739
High Bal (1920) $426,488
Circulation Summary
Low Bal (1904) $6,500
High Bal (1909) $25,000
Total Out (1923) $25,000
# Large Notes 15,940
# Small Notes 0
# Total Notes 15,940
$ Large Size $199,250
$ Small Size $0
$ Total Issued $199,250
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-06-1904 $87,738.77 $6,500.00
Aug-25-1905 $98,088.00 $6,500.00
Sep-04-1906 $110,944.00 $6,500.00
Aug-22-1907 $129,618.00 $6,500.00
Sep-23-1908 $171,701.00 $6,500.00
Sep-01-1909 $186,407.00 $25,000.00
Sep-01-1910 $218,502.00 $24,500.00
Sep-01-1911 $211,553.00 $24,500.00
Sep-04-1912 $225,430.00 $25,000.00
Aug-09-1913 $232,509.00 $24,500.00
Sep-12-1914 $253,833.00 $25,000.00
Sep-02-1915 $265,368.00 $24,600.00
Sep-12-1916 $255,676.00 $24,600.00
Sep-11-1917 $276,187.00 $25,000.00
Aug-31-1918 $331,664.00 $24,600.00
Sep-12-1919 $364,677.00 $25,000.00
Sep-12-1920 $426,488.00 $25,000.00
Sep-06-1921 $375,329.00 $24,400.00
Sep-15-1922 $423,853.00 $24,600.00
Sep-14-1923 $366,985.00 $25,000.00

 

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