History of Wright County Minnesota,
CHAPTER XXIX BANKS AND BANKING--Pages 898-899
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Clearwater, Silver Creek and Corinna Excerpts from :  
Curtiss-Wedge, Franklin.  History of Wright County Minnesota.  
Volume II.  Chicago: H. C. Cooper, Jr. & Co. 1915.   
Call Number:977.6C94h

CHAPTER XXIX
BANKS AND BANKING

Pages 898 - 899

The Clearwater State Bank.  W. A. Shaw, banker, opened the Bank of 
Clearwater August 10, 1902.  June 5, 1905, the institution was 
incorporated as the Clearwater State Bank, with W. A. Shaw as president, 
John Mitchell as vice president, and E. A. Shaw as cashier.  The 
building was erected in 1912.  The officers are the same as at the 
time of incorporation.  D. E. Shaw is assistant cashier.  The bank 
has a capital of $10,000 and a surplus of $2,000.

Following is the statement at the close of business March 10, 1914: 
Resources-Loans and discounts, $106,768.20
overdrafts $53.27
other bonds, stocks and securities, $1,100
banking house, furniture and fixtures, $4,788.17
other real estate, $641.03
total cash assets, $17,933.40
checks and cash items, $195.50
total, $131, 479.57
Liabilities-Capital stock, $10,000
surplus fund, $2,000
undivided profits, net, $2,827.84
total deposits, $116,651.73
total $131,479.57

The First State Bank of Clearwater was incorporated April 20, 1905, 
with a capital stock of $10,000.  The building was erected in 1902, 
and the doors were opened for business January 1, 1903.  The original 
officers, President Joseph Whittemore, Vice President M. G. Whittemore 
and Cashier C. D. Whittemore, are still serving and W. W. Eccless is 
the assistant cashier.

Following is the statement of the bank's condition at the close of 
business May 26, 1914:
Resources-Loans and discounts, $130,033.53
overdrafts, $119.52
bonds, $2,000
banking house and furniture, $3,700
due from other banks, $13,186.51
cash on hand, $3, 570.96
total, $153,610.52
Liabilities- Capital Stock, $10,000
surplus, $2,000
undivided profits, $528.49
deposits subject to check, $24,879.79
cashier checks, $2,7070.78
time certificates, $113,494.47
total $153,610.52