The Oriental Bank had closed the year prior, but had paid its depositors in full.
Thomas J. Lewis and R. W. Jones Jr. were elected vice presidents,[4] and George W. Adams, cashier.
[2] On January 27, 1914, the National Reserve Bank was taken over by the Mutual Alliance Trust Company, which was based at 35 Wall Street.
When the National Reserve was liquidated, its stockholders received the value "of the assets exceeding the amount of the deposits and a substantial payment for the good will of the institution."
[2] On February 18, 1909, directors were elected to the board of the newly formed National Reserve Bank of the City of New York, resulting in a board totaling Wagar, Nelson G. Ayres, Charles K. Beekman, Samuel Bettle, Eugene Britton, R. W. Jones Jr., George E. Keeney, Ludwig Nissen, William O. Allison, James G. Newcomb, E. A. Fisher, E.R.