Bank Connections
"The Mechanicks National Bank was chartered and authorized to do business as a national bank January 3, 1880, the incorporators being the following: Josiah Minot, E.H. Rollins, B.A. Kimball, J.B. Bancroft, S.C. Whitcher, J.M. Hill, and John Kimball. Josiah Minot was the first President of the bank, serving one year. Hon. B.A. Kimball was elected president January, 1881, and has served in that capacity, with the exception of the years from 1889-1893, during which time E.H. Woodman was President. James Minot was the first cashier, serving until 1894, when he was succeeded by the present cashier, Harry H. Dudley. The bank took over the private banking business of Minot and Company and commenced business with a capital of $100,000. which was increased to $150,000. and later to $200,000. The total assets of the bank at this time are $1,273,291.25 The bank started business in the present NH Bible Society rooms, but growing business made changes necessary, and, in 1888 the present quarters were occupied. In 1910, in connection with the Merrimack County Savings Bank, extensive improvements and alterations were made, including a burglar- and fire-proof vault, new safe deposit boxes and other up-to-date equipment. The present officers and directors of the bank are the following: B.A. Kimball, president; H.W. Stevens, vice-president; H.H Dudley, cashier: H.L. Alexander, assistant cashier; and Directors - B.A. Kimball, H.W. Stevens, J.F. Webster, G.M. Kimball, F.A. Stillings, C.P. Bancroft, W.K. McFarland, E.J. Hill, A.H. Britton and E.M. Willis." **Appendix #3
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©2004 Peter K Kimball |