Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1920-03-28
OF
sl5,75Q,OOO SHOWN
in This SECTION
Is Banking Institutions Show
Growth Rejecting Gen.
eral Prosperity
1890 BOOST In 3 YEARS
Figures Are Over Four Times
Greater Than in 1916

Total resources Of $l5,750,000 anu
total deposits of $13,250,00O, in
round numbers, is the combined fin
ancial strength of the twenty-five
banking institutions Of the Lower Rio
Grande Valley as shown by the lat
est statements and by specially pre-
pared statements in several cases
where organization was too recent to
comply with the latest state and fed
eral calls for statements.
The banks Of the Valley-from Rio
Grande City to the coast-have
shown their most remarkable growth
in the period from the summer of
1916 to date. In that time the total
deposits have increased by the start
ling figures of 433 l-3 per cent, and
the total resouces have increased in
a correspondingly meteoric fashion.
Bankers point out that the increase
is not due TO suddenly acquired
wealth-such as that brought by oil
or similar booms-but is due to the
increased crop production through
new colonization and consequent ex-
pansion of the irrigated and titled
acreage in the Valley.
In the summer of 1916 the total
bank deposits in the Valley were $2,-
978,000. among eighteen banking i'm
stitutions. At that time not one bank
in the Valley showed deposits of more
than three-quarters Of a million dol
lars. Today there is one with over a
million, another with nearly two mil
lions, and third with more than two
and half millions. Only two banks
in the Valley have less than 100000
in deposits, and these are located in
the two smallest communities having
banking houses. Between the ex-
tremes are any number of institutions
with deposits ranging from 100000
upwards.
The total capitalization Of the
twenty-five banks, including surplus
and undivided profits is $1,744.-
541.01. The largest single capitali-
zation is 100000, and the smallest
institution carries capital and sur
plus and undivided profits of $4,000.
BY individual banks the figures are
as follows, the first figure including
capital, surplus and undivided profits,
the second figure being deposits and
the third figure resources:
RaymondvilIe State. Bank-$3f,- :
S45.46; S157, 7,96S.4O; $197,313.SO.
Cameron County Bank, La Feria-
s27.26111; s152,OO9.25; Sl79,-
270.36.
Planters State Bank. Harrington
2s.779.36; $2s2,ls9.62; $780,
968.97.
Harlingen State Bank - $51,
O49.26; $214,5S6.09; $265. $685..
First State Bank, Lyford - S16,-
926.44; $s4,O01.16; s105,7S7.77.
First State Bank, Rio Hando--
$4,000; 500, ,060.44; SS6,060.44.
San Benito Bank & Trust CO.
SOS. 9.O7O.13; s65s,72714; $727,-
1927
Farmers State Guaranty Bank
San Benito-S56,S96.S2; $685.
1924; S6S4,9S6.06.
Mercedes Bank Of Commerce (new-
ly organized -s26. $50; $107,-
665.19; S133,915.19.
The Hidalgo Co. Bank, Mercedes
500, ,6S7.2S; 1881 1922; $945, ,009.2S.
The Edinburg State Bank-S54,-
1909; s669,97S.59; $771,079.2s.
First State Bank. Donna - s43,-
294.92; $471,523.24; $514,S1s.46.
Alamo State Bank-$27,5 800; $60,-
900; 100000.
Farmers State Bank, Donna
S35. 5.0OOs s2O2 900; $25S.000.
San Juan State Bank & Trust Co.
-s155, 5,02411; 526,l56.43; SELL
466.75.
First National Bank, Pharr So
S46.44; $210,37S.15; $366,327.76.
First State Bank. Pharr tnewly or
ganized) - s25, 1856; $60,88S.04
$S6.0S4.20.
First State Bank & Trust Co. Me-
Allen-S112,000; S9S4,4S9.79; ST..
O96. .4S9.79.
First National Bank, McAllen-
$50, 900; 1901 ,006.12; $425, ,006.12.
First State Bank, Mission-$3l, ;.
439.06; $425, 900.
First National Bank, Mission
Continued on page four