National Bank, Richmond, MI (Charter 13793)

The First National Bank of Richmond, Michigan, ca2022. Courtesy of Google Maps

National Bank (No Issue), Richmond, MI (Chartered 1933 - Closed (Merger) 1992)

Town History

Richmond is a city within Metro Detroit in the U.S. state of Michigan. Most of the city is located in Macomb County, though there is a small portion in neighboring St. Clair County. The population was 5,878 at the 2020 census. In 1900, the population was 1,133, growing to 1,493 by 1930.

In 1835, Erastus Beebe set out with two brothers and several other people to create a new city out of a wilderness area in Michigan. He founded Beebe's Corners, which in 1878 agreed to join with the two nearest neighboring communities of Ridgeway and Cooper Town to form the Village of Richmond. In 1879, the Michigan Legislature officially created the village charter. In 1989, the city annexed the Muttonville area of Lenox Township, parts of Richmond Township in Macomb County, and part of Casco and Columbus Townships in St. Clair County.

Richmond had two National Banks chartered during the Bank Note Era, The First National Bank (Charter 10742) and the National Bank of Richmond (Charter 13793). Only the First National Bank issued National Bank Notes.

Bank History

Organized September 9, 1933
Chartered October 3, 1933
Succeeded 10742 (The First National Bank of Richmond, Richmond, MI)
Bank was Open past 1935
For Bank History after 1935 see FDIC Bank History website
Merged into First of America Bank-Southeast Michigan, N.A. in Detroit, MI, June 1, 1992

In August 1933, the Reconstruction Finance Corporation agreed to purchase $30,000 of preferred stock of the National Bank of Richmond contingent upon subscription of an equal amount of common stock.

On September 29, 1933, the National Bank of Richmond, organized to take the place of the old First National Bank of Richmond that closed during the bank holiday in February, was ready to open when the comptroller of the currency provided authorization. Officers were: President, G.F. Moore; vice president, Charles B. Lutes; cashier, A.F. Lindke; and assistant cashier, W.L. Evans, Jr. The capital of the new bank was $60,000 with $30,000 subscribed by local stockholders and $30,000 from the Reconstruction Finance Corporation.

In January 1938, the officers elected were president, Charles B. Lutes; vice president, Melvin H. Weeks; cashier, A.F. Lindke; assistant cashiers, Miss Hazel Williams and Mrs. Irene Breese. The directors elected were Mr. Lutes, Mr. Weeks, William B. Hunt, Lee Vaninwagen and Charles W. Fuerstenau.

On Tuesday, January 20, 1953, stockholders elected the following directors: Melvin Weeks, Lloyd Andreae, A.F. Lindke, Ray Houston, Charles Fuerstenau, and Lee VanInwagen. The officers elected were Albert F. Lindke, president; Ray Houston, vice president; Lloyd Andreae, executive vice president; Clarence Ruhman, cashier; and Emma O. Weil, assistant cashier.

Official Bank Title(s)

1: National Bank of Richmond, MI

Bank Note Types Issued

No National Bank Notes were issued by this bank.

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1933 - 1992):

Presidents:

Cashiers:

Albert F. Lindke, 1933-1935

Other Bank Note Signers

There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

Richmond, MI, Wikipedia, https://en.wikipedia.org/wiki/Richmond,_Michigan
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
Marshall Evening Chronicle, Marshall, MI, Tue., Aug. 22, 1933.
The Times Herald, Port Huron, MI, Fri., Sep. 29, 1933.
The Times Herald, Port Huron, MI, Wed., Jan. 12, 1938.
The Times Herald, Port Huron, MI, Tue., Jan. 20, 1953.