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Bank Info for NB Charter 8122 (1906 - 1925)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The Merchants National Bank of
Detroit, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1906-1907 William J. Morrow Arthur Guiteau Wedge, (Jr.)
1908-1909 William J. Morrow E. G. Holmes
1910-1910 Oscar Fletcher Ulland E. G. Holmes
1911-1911 J. A. Rathbun E. G. Holmes
1912-1914 A. C. Knudson E. G. Holmes
1915-1918 A. C. Knudson J. E. Bakke
1919-1922 R. B. Rathbun J. E. Bakke
1922-1922 J. J. Wade J. E. Bakke
1923-1924 J. J. Wade H. N. Jenson
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 - 1600
1902 Date Back 3x10-20 1 - 3500
1902 Plain Back 3x10-20 3501 - 7970
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Feb 9, 1906
  • Chartered Mar 5, 1906
  • Opened for business Mar 6, 1906
  • Receivership Jun 22, 1925
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1906) $325,951
High Bal (1920) $876,768
Circulation Summary
Low Bal (1906) $25,000
High Bal (1920) $60,000
Total Out (1924) $60,000
# Large Notes 38,280
# Small Notes 0
# Total Notes 38,280
$ Large Size $478,500
$ Small Size $0
$ Total Issued $478,500
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-04-1906 $325,951.00 $25,000.00
Aug-22-1907 $360,279.00 $25,000.00
Sep-23-1908 $447,487.00 $50,000.00
Sep-01-1909 $439,283.00 $50,000.00
Sep-01-1910 $435,878.00 $49,700.00
Sep-01-1911 $442,905.00 $50,000.00
Sep-04-1912 $457,411.00 $50,000.00
Aug-09-1913 $483,393.00 $50,000.00
Sep-12-1914 $574,994.00 $50,000.00
Sep-02-1915 $599,574.00 $50,000.00
Sep-12-1916 $653,707.00 $50,000.00
Sep-11-1917 $730,769.00 $50,000.00
Aug-31-1918 $784,322.00 $50,000.00
Sep-12-1919 $777,651.00 $50,000.00
Sep-12-1920 $876,768.00 $60,000.00
Sep-06-1921 $708,178.00 $60,000.00
Sep-15-1922 $703,649.00 $60,000.00
Sep-14-1923 $716,881.00 $59,300.00
Oct-10-1924 $736,609.00 $60,000.00

 

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