First National Bank of Mayville, WI (Charter 10653)

From Bank Note History
Jump to navigation Jump to search
A Real Photo Postcard (RRPC) of the First National Bank in Mayville, Wisconsin, postmarked 1917
Postcard of the First National Bank in Mayville, Wisconsin, postmarked 1917. Courtesy of Adam Stroup

First National Bank of Mayville, WI (Chartered 1914 - Receivership 1934)

Town History

The old First National Bank of Mayville, Wisconsin, located at the corner of Main and Bridge Streets, ca2012
The old First National Bank of Mayville, Wisconsin, located at the corner of Main and Bridge Streets, ca2012. Courtesy of Google Maps

Mayville is a city in Dodge County, Wisconsin, located along the Rock River and the Horicon Marsh. It is 60 miles northeast of Madison, Wisconsin. Mayville was platted in 1845, by the May brothers and others, and named for the former. A post office has been in operation at Mayville since 1847. The city was incorporated in 1885. The population was 5,154 at the 2010 census. In 1910 the population was 2,282 growing to 3,011 by 1920.

Mayville is home to several large manufacturing facilities, including plants operated by TAB Products, Mayville Die and Tool, Mayville Products Corporation, Metalcraft, Mayville Engineering Company, Affiliated Products, RCI Engineering and Gleason Reel, a subsidiary of Hubbell Corporation. Dairy farming and other agricultural activities also comprise an important part of the local economy.

Mayville had two National Banks chartered during the Bank Note Era, and one of those banks issued National Bank Notes.

Bank History

On Wednesday, November 4, 1914, the treasury department issued a charter to the First National Bank of Mayville, Wisconsin, capital $50,000. C.J. Hass was president and F.P. Bernard was cashier.[1]

In March 1933, the federal reserve bank of Chicago appointed conservators for 17 Wisconsin national banks. F.P. Bernard was conservator for the First National Bank of Mayville.[2]

In November 1933, the Conservator was W.L. Dewitt.[3]

In March 1934, six Wisconsin national banks consummated their reorganization plans and were issued licenses to resume business or were granted charters for new banks to take over the business of old ones. They included Mayville, First National Bank, $35,000 in unrestricted deposits and $306,000 in frozen deposits.[4]

In September 1936, complete liquidation of banks at Hudson and Mayville, Wisconsin, was announced by J.E.T. O'Connor, comptroller of the currency. The First National Bank of Mayville paid 109.6% of claims in dividends to unsecured depositors. O'Connor said that during September, liquidation of 43 receiverships had been completed and that the total number of receiverships closed or restored to solvency since the March banking holiday of 1933 had reached 484.[5] In December 1936, H.W. Krueger completed the liquidation of the First National Bank at Mayville and the Chilton National at Chilton and arrived in Marshfield to take over the receiverships of the American National and First National banks.[6]

Official Bank Title

1: The First National Bank of Mayville, WI

Bank Note Types Issued

1902 Plain Back $10 bank note with pen signatures of F.P. Bernard, Cashier and F. Albert, President
1902 Plain Back $10 bank note with pen signatures of F.P. Bernard, Cashier and F. Albert, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $20 bank note with printed signatures of F.P. Bernard, Cashier and F. Albert, President. The Government Printing Office, (GPO) prepared the overprinting plate used to produce this note.
1929 Type 1 $20 bank note with printed signatures of F.P. Bernard, Cashier and F. Albert, President. The Government Printing Office, (GPO) prepared the overprinting plate used to produce this note. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $10 bank note with printed signatures of F.P. Bernard, Cashier and F. Albert, President. Barnhart Brothers & Spindler (BBS) prepared the overprinting plate used to produce this note
1929 Type 1 $10 bank note with printed signatures of F.P. Bernard, Cashier and F. Albert, President. Barnhart Brothers & Spindler (BBS) prepared the overprinting plate used to produce this note. Courtesy of Heritage Auctions, www.ha.com

A total of $557,150 in National Bank Notes was issued by this bank between 1914 and 1934. This consisted of a total of 69,790 notes (54,436 large size and 15,354 small size notes).

This bank issued the following Types and Denominations of bank notes:

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Date Back 4x5 1 - 1000
1902 Date Back 3x10-20 1 - 800
1902 Plain Back 4x5 1001 - 8168
1902 Plain Back 3x10-20 801 - 5441
1929 Type 1 6x5 1 - 1532
1929 Type 1 6x10 1 - 791
1929 Type 1 6x20 1 - 236

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1914 - 1934):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

  • Mayville, WI, on Wikipedia
  • Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
  • Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
  • Banks & Bankers Historical Database (1782-1935), https://spmc.org/bank-note-history-project
  • Photos of the First National Bank, 2 N Main Street, Mayville, Wisconsin Historical Society
  1. ↑ Portage Daily Register, Portage, WI, Fri., Nov. 6, 1914.
  2. ↑ The Capital Times, Madison, WI, Wed., Mar. 29, 1933.
  3. ↑ Marshfield News-Herald, Marshfield, WI, Wed., Mar. 29, 1933.
  4. ↑ Green Bay Press-Gazette, Green Bay, WI, Mon., Apr. 9, 1934.
  5. ↑ Green Bay Press-Gazette, Green Bay, WI, Thu., Oct. 8, 1936.
  6. ↑ Marshfield News-Herald, Marshfield, WI, Sat., Dec. 5, 1936.
Retrieved from "https://banknotehistory.mywikis.wiki/w/index.php?title=First_National_Bank_of_Mayville,_WI_(Charter_10653)&oldid=49949"