 | History of Roanoke County |  |
Financial
Probably no better criterion can be cited indicating
the city's progress than a comparison from year to
year of the financial statements of Roanoke's banking
institutions.
The statistics are as follows, and are a summary of
the statements of the three National Banks and one
State Bank engaged in business.
| Year | No. Banks | Capital | Surplus | Deposits |
| 1900 | 2 | $ 200,000 | $ 95,000 | $1,288,043 |
| 1905 | 3 | 225,000 | 116,537 | 2,453,229 |
| 1906 | 3 | 350,000 | 312,248 | 3,194,620 |
| 1907 | 4 | 600,000 | 432,129 | 4,639,436 |
| 1908 | 4 | 800,000 | 593,706 | 4,657,182 |
| 1909 | 4 | 800,000 | 631,047 | 4,648,562 |
| 1910 | 4 | 850,000 | 653,764 | 5,690,481 |
| 1911 | 4 | 1,200,000 | 1,011,353 | 6,691,319 |
Statistics compiled by the Treasury Department at
Washington show the following increases in National
Bank deposits from June 23d, 1909, to June 7th, 1911.
| In the United States | 11.8% |
| In Southern States | 21.3% |
| In Virginia | 29.16% |
| In Roanoke | 38.2% |
These institutions, as evidenced by the foregoing
statistics, have shown a steady growth and have
afforded banking facilities in keeping with the city's
development.
They are managed with care and conservatism, and
the interests of stockholders and patrons are guarded
in every particular.
Roanoke's banks have never suspended specie payments
during any period of depression, and no scrip
has ever been issued.
They are regarded as among the soundest financial
institutions in the State, and their showing is indicative
of the general prosperity prevailing in all classes of
business in the city.
| History of Roanoke County | |