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Bank Info for NB Charter 9048 (1908 - 1930)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Welch, WV
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1908-1908 R. S. Gillespie E. H. Sudduth
1909-1909 R. S. Gillespie D. J. F. Strother
1910-1919 Bernard O. Swope D. J. F. Strother
1920-1925 John Wesley Price D. J. F. Strother
1926-1929 John Andrew Thorn D. J. F. Strother
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
1902 Red Seal 3x10-20 1 - 375
1902 Date Back 3x10-20 1 - 3000
1902 DB/PB 3x10-20 3001 - 3200 Type uncertain
1902 Plain Back 3x10-20 3201 - 24811
1929 Type 1 6x10 1 - 1155
1929 Type 1 6x20 1 - 333

If you find a note in a 'Type uncertain' serial# range, please send Front AND Back scans of the note to banknotehistory@gmail.com, so we can assign the proper Type to that serial# range. Thanks!

For a current list of all of these 'Type uncertain' banks, visit our wiki page.

Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Feb 1, 1908
  • Chartered Mar 2, 1908
  • Opened for business Mar 3, 1908
  • Liquidated Jun 30, 1930
  • Absorbed by 9071 (McDowell County NB, Welch, WV)
  • Notation on Organization Report:
  • Conversion of The Citizens Bank of Welch
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded Citizens Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1918) $118,795
High Bal (1929) $2,192,854
Circulation Summary
Low Bal (1908) $12,500
High Bal (1920) $100,000
Total Out (1929) $92,200
# Large Notes 100,744
# Small Notes 8,928
# Total Notes 109,672
$ Large Size $1,259,300
$ Small Size $109,260
$ Total Issued $1,368,560
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-23-1908 $175,631.00 $12,500.00
Sep-01-1909 $212,502.00 $19,300.00
Sep-01-1910 $233,371.00 $20,000.00
Sep-01-1911 $392,577.00 $25,000.00
Sep-04-1912 $436,710.00 $25,000.00
Aug-09-1913 $478,249.00 $25,000.00
Sep-12-1914 $550,873.00 $24,700.00
Sep-02-1915 $574,604.00 $25,000.00
Sep-12-1916 $639,840.00 $25,000.00
Sep-11-1917 $1,066,905.00 $24,300.00
Aug-31-1918 $118,795.00 $25,000.00
Sep-12-1919 $1,183,584.00 $25,000.00
Sep-12-1920 $1,312,971.00 $100,000.00
Sep-06-1921 $1,421,357.00 $100,000.00
Sep-15-1922 $1,558,224.00 $100,000.00
Sep-14-1923 $1,847,868.00 $100,000.00
Oct-10-1924 $1,941,117.00 $100,000.00
Sep-28-1925 $1,884,421.00 $100,000.00
Dec-31-1926 $2,076,992.00 $100,000.00
Oct-10-1927 $2,138,864.00 $100,000.00
Dec-31-1928 $2,191,400.00 $97,750.00
Dec-31-1929 $2,192,854.00 $92,200.00

 

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