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Bank Info for NB Charter 7595 (1905 - 1934)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The Merchants National Bank of
Worcester, MA
2 Worcester County National Bank of (7/27/1927)
Worcester, MA
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1905-1907 Alonzo G. Davis Downie Davidson Muir Sr.
1908-1910 Alonzo G. Davis Frank Adams Drury
1911-1923 C. S. Putnam Frank Adams Drury
1924-1924 C. S. Putnam * none *
1925-1933 C. S. Putnam W. Tufts
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
1: 1902 Red Seal 3x10-20 1 - 5750
1: 1902 Date Back 4x5 1 - 51830
1: 1902 Date Back 3x10-20 1 - 44500
1: 1902 Plain Back 4x5 51831 - 553611
2: 1902 Plain Back 4x5 1 - 167528
2: 1929 Type 1 6x5 1 - 211318
2: 1929 Type 2 5 1 - 291182
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Jan 13, 1905
  • Chartered Feb 4, 1905
  • Opened for business Feb 6, 1905
  • 1: Assumed Fitchburg Bank and Trust Company, Fitchburg by consolidation Jun 27, 1927 with title change
  • 2: Assumed 10955,10165 by consolidation Oct 21, 1929 and as its circulation
  • 2: Assumed 2288 and Clinton Trust Company, Clinton by consolidation Nov 22, 1929 and assumed its circulation (Spencer National Bank, Spencer, MA)
  • 2: Assumed 2312 by consolidation Dec 27, 1929 and assumed its circulation (First National Bank, Webster, MA)
  • 2: Liquidated Nov 10, 1934
  • 2: Absorbed by Worcester Bank and Trust Company
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1905) $1,999,814
High Bal (1933) $36,402,302
Circulation Summary
Low Bal (1917) $15,000
High Bal (1933) $11,718,250
Total Out (1933) $11,718,250
# Large Notes 3,085,556
# Small Notes 1,559,090
# Total Notes 4,644,646
$ Large Size $16,935,280
$ Small Size $7,795,450
$ Total Issued $24,730,730
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Aug-25-1905 $1,999,814.00 $50,000.00
Sep-04-1906 $3,053,320.00 $50,000.00
Aug-22-1907 $3,044,825.00 $49,100.00
Sep-23-1908 $3,423,158.00 $193,400.00
Sep-01-1909 $4,209,832.00 $488,700.00
Sep-01-1910 $4,550,873.00 $300,000.00
Sep-01-1911 $5,757,445.00 $396,100.00
Sep-04-1912 $6,995,206.00 $495,900.00
Aug-09-1913 $8,297,555.00 $482,800.00
Sep-12-1914 $8,764,125.00 $748,450.00
Sep-02-1915 $9,951,992.00 $346,500.00
Sep-12-1916 $12,560,534.00 $272,500.00
Sep-11-1917 $15,974,382.00 $15,000.00
Aug-31-1918 $18,938,101.00 $15,000.00
Sep-12-1919 $21,964,741.00 $15,000.00
Sep-12-1920 $20,569,975.00 $15,000.00
Sep-06-1921 $18,573,728.00 $435,700.00
Sep-15-1922 $29,047,122.00 $1,000,000.00
Sep-14-1923 $28,427,120.00 $955,100.00
Oct-10-1924 $29,522,455.00 $947,100.00
Sep-28-1925 $30,606,969.00 $1,384,100.00
Dec-31-1926 $30,854,457.00 $1,492,300.00
Oct-10-1927 $36,127,769.00 $1,402,420.00
Dec-31-1928 $34,031,976.00 $1,144,700.00
Dec-31-1929 $35,104,764.00 $1,509,890.00
Dec-31-1930 $34,195,722.00 $1,460,000.00
Dec-31-1931 $33,744,073.00 $1,427,120.00
Dec-31-1932 $26,554,608.00 $1,420,760.00
Dec-30-1933 $36,402,302.00 $11,718,250.00

 

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