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Bank Info for NB Charter 9374 (1909 - 1929)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 American Exchange National Bank of
Duluth, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1909-1912 William Gustav Hegardt Hamilton Murray Peyton
1913-1920 Isaac S. Moore Hamilton Murray Peyton
1921-1926 J. Daniel Mahoney William Gustav Hegardt
1926-1929 William Gordon Hegardt Isaac S. Moore
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 Date Back 4x5 1 - 23500
1902 Date Back 3x10-20 1 - 17600
1902 Plain Back 4x5 23501 - 62214
1902 Plain Back 3x10-20 17601 - 41464
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Mar 6, 1909
  • Chartered Apr 3, 1909
  • Opened for business Apr 5, 1909
  • Liquidated Apr 18, 1929
  • Consolidated with 3626 (Union/Duluth Union/FNB/F & American, Duluth, MN)
  • Notation on Organization Report:
  • Conversion of The American Exchange Bank of Duluth, Minn.
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1911) $9,410,174
High Bal (1919) $20,389,242
Circulation Summary
Low Bal (1911) $282,200
High Bal (1915) $300,000
Total Out (1928) $295,950
# Large Notes 414,712
# Small Notes 0
# Total Notes 414,712
$ Large Size $3,317,480
$ Small Size $0
$ Total Issued $3,317,480
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-01-1909 $9,881,972.00 $297,850.00
Sep-01-1910 $9,481,940.00 $292,097.00
Sep-01-1911 $9,410,174.00 $282,200.00
Sep-04-1912 $11,759,970.00 $291,500.00
Aug-09-1913 $11,185,838.00 $296,600.00
Sep-12-1914 $11,829,737.00 $296,800.00
Sep-02-1915 $12,171,713.00 $300,000.00
Sep-12-1916 $14,198,778.00 $286,100.00
Sep-11-1917 $16,608,936.00 $300,000.00
Aug-31-1918 $16,167,593.00 $294,050.00
Sep-12-1919 $20,389,242.00 $300,000.00
Sep-12-1920 $16,940,359.00 $292,900.00
Sep-06-1921 $15,469,508.00 $293,800.00
Sep-15-1922 $16,406,765.00 $297,000.00
Sep-14-1923 $17,318,955.00 $296,100.00
Oct-10-1924 $18,691,754.00 $300,000.00
Sep-28-1925 $17,584,627.00 $300,000.00
Dec-31-1926 $16,937,828.00 $300,000.00
Oct-10-1927 $18,043,628.00 $296,000.00
Dec-31-1928 $16,996,570.00 $295,950.00

 

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