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Bank Info for NB Charter 9471 (1909 - 1923)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The Merchants National Bank of
Raleigh, NC
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1909-1918 W. B. Drake, Jr. E. C. Duncan
1919-1920 J. H. Hightower W. B. Drake, Jr.
1921-1922 T. F. Maguire W. B. Drake, Jr.
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 - 11350
1902 Date Back 3x10-20 1 - 8860
1902 Plain Back 4x5 11351 - 20405
1902 Plain Back 3x10-20 8861 - 14398
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Jun 26, 1909
  • Chartered Jul 1, 1909
  • Liquidated May 8, 1923
  • Absorbed by Wachovia Bank & Trust Company of Winston-Salem
  • Notation on Organization Report:
  • Conversion of The Merchants Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1909) $755,253
High Bal (1920) $6,634,935
Circulation Summary
Low Bal (1921) $96,600
High Bal (1914) $238,250
Total Out (1922) $100,000
# Large Notes 139,212
# Small Notes 0
# Total Notes 139,212
$ Large Size $1,128,000
$ Small Size $0
$ Total Issued $1,128,000
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Sep-01-1909 $755,253.00 $100,000.00
Sep-01-1910 $1,315,363.00 $100,000.00
Sep-01-1911 $1,552,503.00 $100,000.00
Sep-04-1912 $2,133,025.00 $100,000.00
Aug-09-1913 $2,267,635.00 $104,100.00
Sep-12-1914 $2,557,325.00 $238,250.00
Sep-02-1915 $2,654,034.00 $100,000.00
Sep-12-1916 $3,195,468.00 $97,900.00
Sep-11-1917 $4,186,375.00 $100,000.00
Aug-31-1918 $4,372,774.00 $98,500.00
Sep-12-1919 $6,055,362.00 $100,000.00
Sep-12-1920 $6,634,935.00 $100,000.00
Sep-06-1921 $5,282,876.00 $96,600.00
Sep-15-1922 $6,499,066.00 $100,000.00

 

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