El Banco de Tabasco

The concession for a bank in Tabasco was granted to G. Benito y Compañía, Búlnes y Compañía and Policarpo Valenzuela on 29 August 1900. The Banco de Tabasco was founded on 29 September in the city of San Juan Bautista (Villahermosa) with a capital of $1,000,000 and began operations on 1 January 1901. At the turn of the century the population of the entire state was only about 150,000 and the chief economic activities were ranching, logging and dye manufacture: the currency requirement of such an area were not large but this bank profited from the fact that the federal government granted generous concessions to the first bank of issue to be founded in each state. 

The bank sought permission to open a branch in Pichucalco, in the neighbouring state of Chiapas, on the grounds that that area had closer ties to Tabasco than to Tuxtla Gutierrez and the rest of the state. The branch finally opened on 23 August 1904Memorias de las Instituciones de Crédito correspondientes á los años de 1904-1906, tomo III.

American Bank Note Company print runs

The American Bank Note Company produced the following notes.

The ABNC engraved special vignettes of the coat of arms of Tabasco (C 764), a portrait of Doña MarinaDoña Marina, more commonly known as La Malinche or Malintzin was a Nahua woman who played a key role in the Spanish conquest of the Aztec Empire, acting as an interpreter, advisor and intermediary for the Spanish conquistador, Hernán Cortés. She was one of 20 women slaves given to the Spaniards by the natives of Tabasco in 1519. Later, she gave birth to Cortés's first son, Martín, who is considered one of the first mestizos (people of mixed European and indigenous American ancestry). (C 763) for the $5 note, a view of the Government Palace (C 767) for the $10 note, and a view of the watefront of San Juan Bautista (Villahermosa) (C 678) for all the backs.

Tabasco 5 specimen

Tabasco 5 specimen reverse

Tabasco 10 A 4163

Tabasco 10 00000 reverse

Tabasco 20 specimen

Tabasco 50 specimen

Tabasco 100 A 0837

Tabasco 100 00000 reverse

Date Value Number Series from to
September 1900 $5 10,000  A 1 10000
$10 10,000 A 1 10000
$20 5,000 A 1 5000
$50 5,000  A 1 5000
$100 5,000  A 1 5000

 

Date Value Number Series from to
May 1901 $5 20,000 A 10001 30000
$10 5,000 A 10001 15000

 

Date Value Number Series from to
June 1903 $5 30,000   30001 60000
$10 15,000   15001 30000

 

On 15 January 1916, after investigation, the Comisión Reguladora de Instituciones de Crédito ruled that the bank's circulation was within the limit set by the Ley General de Instituciones de Crédito and so it could continue operating.

The bank was finally liquidated in 1930.