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On
December 4, 1930, First National Bank announced it was closed. One reason given for the bank's failure was the ambitious building program, combined with the inability to make money from the new skyscraper. At the time, First National had only $ 1.6 million in deposits, the least of seven
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opened its branch office on the building's nineteenth floor. This showed
Charlotte appeared likely to become a major banking center. However, three years after it opened, the building was only 30 percent occupied. The bank would not rent to just anyone, unlike the nearby
91:, succeeded Wilkes as bank president in 1867. Robert M. Oates became president in 1891, and McAden's son Henry M. McAden served as president from 1907 until the bank's failure in 1930.
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Rufus McAden and his family actually lived in the bank's three-story building on South Tryon Street. His son demolished the building in 1925 and chose
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in the state. The opening of the 250-foot, 21-story building, built at a cost of $ 1.8 million, was announced
September 9, 1927, and
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165:"Survey and Research Report, First National Bank Building, 110 - 112 South Tryon, Charlotte, N.C."
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42:, moved to Charlotte to supervise his family's mining and milling business. He served under the
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72:. The same year, First National Bank became the only North Carolina bank printing
64:. Soon after the end of the war, Wilkes started the first national bank in the
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This bank played a major role in
Charlotte's growth, as did the city's
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after the war. By
December 15, 1865, Wilkes had received $ 500,000 in
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home in 1916, to design what became the second tallest
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proclaimed
Charlotte's strength as a banking center.
87:, founder of the mills and mill village that became
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Charlotte-Mecklenburg
Historic Landmarks Commission
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202:Defunct companies based in North Carolina
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197:Defunct banks of the United States
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17:First National Bank of Charlotte
142:commercial banks in the city.
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192:Banks based in North Carolina
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207:Banks established in 1865
107:who had designed Henry's
50:, but he was pardoned by
21:Charlotte, North Carolina
83:access to other areas.
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23:from 1865 until 1930.
19:was a bank located in
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74:National Bank Notes
118:The Charlotte News
59:Secretary of State
131:Johnston Building
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85:Rufus Y. McAden
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27:Early history
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169:. Retrieved
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101:Louis Asbury
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95:Later years
89:McAdenville
46:during the
44:Confederacy
33:John Wilkes
186:Categories
171:2015-03-04
146:References
109:Myers Park
70:U.S. bonds
105:architect
52:President
48:Civil War
31:In 1853,
113:building
81:railroad
137:Failure
37:Admiral
66:South
57:and
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154:^
133:.
76:.
174:.
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