- Organized Feb 20, 1908
- Chartered Mar 17, 1908
- Opened for business Mar 17, 1908
- Absorbed 9048 Jun 30, 1930 (First National Bank, Welch, WV)
- Liquidated Mar 27, 1931
- Succeeded by 13512 (McDowell County NB, Welch, WV)
- Circulation assumed by 13512 (McDowell County NB, Welch, WV)
- Receivership Oct 25, 1932
- Notation on Organization Report:
- Conversion of the McDowell County Bank
- Bankers Magazine Succession Info (1863-1909):
- Succeeded McDowell County Bank
|
| Circulation Summary |
| Low Bal (1908) |
$45,000 |
| High Bal (1909) |
$100,000 |
| Total Out (1930) |
$100,000 |
|
|
| # Large Notes |
241,360 |
| # Small Notes |
27,270 |
| # Total Notes |
268,630 |
|
|
| $ Large Size |
$1,933,550 |
| $ Small Size |
$210,720 |
| $ Total Issued |
$2,144,270 |
|
| Report Date |
Total Resources |
Circulation |
| Sep-23-1908 |
$713,132.00 |
$45,000.00 |
| Sep-01-1909 |
$996,919.00 |
$100,000.00 |
| Sep-01-1910 |
$926,381.00 |
$100,000.00 |
| Sep-01-1911 |
$1,019,112.00 |
$100,000.00 |
| Sep-04-1912 |
$1,023,143.00 |
$100,000.00 |
| Aug-09-1913 |
$1,100,638.00 |
$100,000.00 |
| Sep-12-1914 |
$1,030,906.00 |
$100,000.00 |
| Sep-02-1915 |
$1,047,114.00 |
$100,000.00 |
| Sep-12-1916 |
$1,320,624.00 |
$100,000.00 |
| Sep-11-1917 |
$1,646,264.00 |
$100,000.00 |
| Aug-31-1918 |
$1,991,731.00 |
$100,000.00 |
| Sep-12-1919 |
$2,225,602.00 |
$100,000.00 |
| Sep-12-1920 |
$2,415,320.00 |
$98,000.00 |
| Sep-06-1921 |
$2,138,507.00 |
$97,700.00 |
| Sep-15-1922 |
$2,541,210.00 |
$100,000.00 |
| Sep-14-1923 |
$3,110,801.00 |
$97,200.00 |
| Oct-10-1924 |
$2,920,521.00 |
$100,000.00 |
| Sep-28-1925 |
$2,732,973.00 |
$100,000.00 |
| Dec-31-1926 |
$3,384,753.00 |
$100,000.00 |
| Oct-10-1927 |
$3,578,506.00 |
$100,000.00 |
| Dec-31-1928 |
$3,478,149.00 |
$100,000.00 |
| Dec-31-1929 |
$3,560,649.00 |
$100,000.00 |
| Dec-31-1930 |
$4,063,403.00 |
$100,000.00 |
|