5821 The First National Bank of CLIFTON

1901 - May 20th - Chartered, Capital of $30,000
Succeeded The Bank of Clifton
1923 - Apr 2nd - Receivership, Capital of $100,000
Reasons: Incompetent Management & Local Depression

Although literature/advertisements of the time identify the bank without the 'The" in the title, 2nd charter banknotes erroneously add it, a mistake that was corrected with the transition to third charter in 1921. Unfortunately, the bank didn't last too much longer after that.

As of 2019, I've been unable to definitively identify the bank in any early photographs, or any modern buildings that still remain that might have been its location(s)

This bank offers the best source for obtaining second charter tens and twenties, especially date backs and value backs

Territorial Issues
Series 1882, Brown Backs
10-10-10-20 #1 - 1960 ($98,000)

10's = 5880
20's = 1960
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Total = 7840

Series 1882, Dated Backs
10-10-10-20 #1 - 1250 ($62,500)

10's = 3750
20's = 1250
------------
Total = 5000



Total Territorial Issue: 12,840 ($160,500)

Statehood Issues
Series 1882, Dated Backs
10-10-10-20 #1 - 1250 ($62,500)

10's = 3750
20's = 1250
------------
Total = 5000

Series 1882, Value Backs
10-10-10-20 #1251 - 2895 ($82,250)



10's = 4935
20's = 1645
------------
Total = 6580

Series 1902, Plain Back
10-10-10-20 #1 - 1192 ($59,600)

10's =   3576
20's =   1192
----------------
Total = 4768

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Territorial Large = 12,840 ($160,500)
Statehood Large = 16,348 ($204,350)
Small = 0

Total Circulation = $364,850
Amt outstanding 1923 = $45,400