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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 27, 1907
Page
8
The First National Bank of Cincinnati founded in 1863 is the citys oldest national bank and the sixth oldest in the country. It operates with a capital of 5 million dollars a surplus over 1.5 million and total resources near 29 million while paying dividends at least 8 percent annually since founding.
The German National Bank began as a state bank in 1873 and became a national bank in 1881 with capital of 500 009 dollars. It has paid 1 million dollars in dividends, a 500 000 dollar surplus, and a 200 000 dollar undivided profit. Resources total 6 635 000 dollars with 2 979 000 in deposits from individuals, 1 859 000 from banks, and 150 000 from the United States. Officers include President George H Bohrer and Vice Presidents Edward Herzog A B Voorheis.
Historians note the Second National Bank on Fourth and Walnut is older in effect than its name suggests. S. S. Rowe preceded S. Rowe’s son and successors including Charles H. Davis who became president in 1888. The bank began with 100000 capital, paid 16 percent dividends for years, later increased capital to 500000, and now sits near Ninth and Main while staff include William A. Albert and long-serving officers G. W. Williams and T. G. Gutting.
The Market National Bank opened in spring 1887 on Central avenue below Seventh and was first in Cincinnati to extend Saturday hours to 9 pm. Its first president was Edwin Stevens, followed by Charles Fleischmann in 1890 with Casper H. Rowe as cashier. The bank’s capital rose from 250 000 to 500 000 two years ago and Julius Fleischmann became president in 1897. Louis G. Pochat was elevated to cashier after E A Donnally resigned in January.
The Fourth National Bank organized in 1863 with capital 125000 grew to 300000 in 1864 and 500000 in 1871. Its presidents included B T Stone Theodore Cook and M M White. cashiers listed from C G Rodgers to H P Cooke. Dividends stood at 8 percent with 830000 in surplus. in August 196 the bank moved to 18 East Fourth Street and boasted an elegant banking room.
The American National Bank of Cincinnati was formed by progressive and conservative merchants and manufacturers seeking a new local banking facility. Directors, from diverse business spheres, back the effort to create a strong, community driven institution. Deposits rose over 750000 in the first four months, reflecting early prosperity. The bank’s emblem features an eagle with shield and American colors symbolizing unity security and victory.
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