Thursday, January 21, 2010

6633 The First National Bank of DOUGLAS

1903 (Feb) Chartered with $50,000 capital
1937 - Liquidated, acquired by Valley National Bank of Phoenix

1907 Postcard - 2nd building on right

An illusive bank, set up in an impressive building located at 10th and 'G', this bank lasted thru the end of the note-issuing period. It did not elect to issue small size, and its large size examples are scarce to rare with high demand, from Arizona collectors and even the occaisional "name" collector as well - Good Luck!

                        Ad from Coast Banker (1917)




Close-up view from an unused "Real Photo" postcard, circa 1910


In 1937, First National merged into Valley National, which later merged into Bank One, then Chase. Today, a more modern branch stands at the original site.


Territorial Issues
Series 1902 - Red Seal
10-10-10-20 #1 - 2460 ($123,000)

10's = 7380
20's = 2460
------------
total = 9840

Series 1902 - Date Back
$5-$5-$5-$5 #1 - 2583 ($51,660)
10-10-10-20 #1 - 1700 ($85,000)



$5's = 10,332
10's = 5,100
20's = 1,700
-------------
Total = 17,132

Total Territorial Issue = 26,972 ($259,660)

Statehood Issues
Series 1902 - Date Back
$5-$5-$5-$5 #1 - 1500 ($30,000)
10-10-10-20 #1 - 940 ($47,000)

$5's = 6000
10's = 2820
20's = 940

Series 1902 - Plain Back
$5-$5-$5-$5 #1501 - 7694 ($123,880)
10-10-10-20 #941 - 4648 ($185,400)




$5's = 24,776
10's = 11,124
20's = 3,708

Total Statehood Large = 49,368 ($386,280)
=========================================
Total Issue = 76,340 ($645,940)
Large Outstanding in July 1935 = $1707

No comments:

Post a Comment