El Banco Yucateco
Yucatán was one of the few states that supported more than one bank, as they were established within months of one another by two competing groups of businessmen. The group headed by Eusebio Escalante Bates were traditional businessmen, linked by family networks with their strength in the south and west of the state. The second group, headed by Olegario Molina Solís, was composed of more recent arrivals, who had benefitted from the concessions and railroad contracts, and used these as a beachhead to increase their commercial and financial influence. Both groups were driven by loyalty to their own and aggression towards members of the other group.
The Banco Yucateco was financed by the trading house of Olegario Molina. The Secretaría de Hacienda granted a concession to establish the bank to Nicanor Ancona on 7 September 1889. It opened to the public on 1 February 1890, with a capital of 700,000 pesosBesides Nicanor Ancona as president, the board had, as vocales, Olegario Molina, Alonso de Regil y Peón and Florencio Laviada; as secretary, Fernando Cervera, and, as comisario, Eloy Haro..
The board agreed to increase its share capital to $1,250,000 and to open a branch in Campeche in January 1898Semana Mercantil, 10 January 1898. The branch opened on 1 January 1898 with Manuel García Gual as managerEl Correo Español, 12 January 1898. Manuel García Gual was director of the branch of the Banco Yucateco in 1907 (El Diario, 20 February 1907). In January 1908 it was rumoured that he would be made sub-director of the Banco Yucateco, at the time that it was being merged with the Banco Mercantil de Yucatán (El Diario, 22 January 1908; El Tiempo, 23 January 1908).
Manuel García Gual was a deputy and interim governor in January 1906, substitute for governor Tomás Aznar y Cano in February 1907 (El Diario, 20 February 1907; El Popular, 21 February 1907) and October 1909 (The Mexican Herald, 2 October 1909).
He owned the hacienda Hobomó, in the municipality of Chiná..
Following the Ley General the bank renounced all its rights and was granted a new concession on 18 September 1897.
By 1903 the bank's capital had reached 8,000,000 pesosInitial authorisation was for $700,000. This was increased to $1,000,000 on 18 March 1893, to $1,250,000 in November 1897, to $2,000,000 in August 1899, and $300,000 in October 1899. In 1905 it merged with the Banco Mercantil de Yucatán to form the Banco Peninsular Mexicano.
American Bank Note Company print runs
The American Bank Note Company produced the following notes.
| Date | Value | Number | Series | from | to |
| November 1889 | $5 | 20,000 | 1 | 20000 | |
| $10 | 20,000 | 1 | 20000 | ||
| $20 | 10,000 | 1 | 10000 | ||
| $50 | 4,000 | 1 | 4000 | ||
| $100 | 2,000 | 1 | 2000 | ||
| $500 | 200 | 1 | 200 |
After opening the bank took advantage of the clause in its concession stating that it would be granted terms as favourable as any other bank to get its contract modified, on 27 May 1891[text needed] to that of the Banco de Zacatecas. It was allowed to issue notes uo to three times the amount of funds that it held, and to issue $1 notes. So in July 1891 the ABNC engraved a special portrait of an Indian girl (C 442).
| Date | Value | Number | Series | from | to |
| July 1891 | $1 | 100,000 | 1 | 100000 |
In 1897 the bank added a $1000 note.
| Date | Value | Number | Series | from | to |
| February 1897 | $5 | 10,000 | 20001 | 30000 | |
| $10 | 15,000 | 20001 | 35000 | ||
| $20 | 10,000 | 10001 | 20000 | ||
| $50 | 2,000 | 4001 | 6000 | ||
| $100 | 2,000 | 2001 | 4000 | ||
| $500 | 200 | 201 | 400 | ||
| $1000 | 200 | 1 | 200 |
| Date | Value | Number | Series | from | to |
| January 1898 | $5 | 40,000 | TM | 30001 | 70000 |
| $10 | 30,000 | LA | 35001 | 65000 | |
| $20 | 12,500 | OM | 20001 | 32500 | |
| $50 | 10,000 | RC | 6001 | 16000 | |
| $100 | 5,000 | AR | 4001 | 9000 |
For the April 1899 run the serial letters spelt BANCO YUCATECOO.
| Date | Value | Number | Series | from | to |
| April 1899 | $5 | 14,000 | OO | 70001 | 84000 |
| $10 | 25,000 | EC | 65001 | 90000 | |
| $20 | 20,000 | AT | 32501 | 52500 | |
| $50 | 15,000 | UC | 16001 | 31000 | |
| $100 | 4,800 | OY | 9001 | 13800 | |
| $500 | 200 | NC | 401 | 600 | |
| $1000 | 200 | BA | 201 | 400 |
For the December 1899 run the serial letters spelt MERIDA DE YUCATA.
| Date | Value | Number | Series | from | to |
| December 1899 | $5 | 20,000 | TA | 1 | 20000 |
| $10 | 20,000 | CA | 1 | 20000 | |
| $20 | 25,000 | YU | 1 | 25000 | |
| $50 | 20,000 | DE | 1 | 20000 | |
| $100 | 7,500 | DA | 1 | 7500 | |
| $500 | 500 | RI | 1 | 500 | |
| $1000 | 200 | ME | 1 | 200 |
| Date | Value | Number | Series | from | to |
| September 1902 | $100 | 10,000 | MGJ | 1 | 10000 |
| $500 | 1,000 | CC | 1 | 1000 | |
| $1000 | 5,000 | NEP | 1 | 500 |
| Date | Value | Number | Series | from | to |
| November 1902 | $5 | 40,000 | MGT | 1 | 40000 |
| $10 | 20,000 | MPC | 1 | 20000 | |
| $20 | 5,000 | MGG | 1 | 5000 | |
| $50 | 10,000 | MP | 1 | 10000 |
| Date | Value | Number | Series | from | to |
| December 1902 | $5 | 40,000 | HC | 144001 | 184000 |
| $10 | 20,000 | MH | 130001 | 150000 | |
| $50 | 20,000 | BJ | 58999 | 78998 | |
| $100 | 10,000 | JDC | 31301 | 41300 | |
| $500 | 600 | JIL | 2101 | 2700 | |
| $1000 | 300 | PD | 1101 | 1400 |
| Date | Value | Number | Series | from | to |
| May 1903 | $20 | 15,000 | MGJ | 82499 | 97498 |
| $50 | 40,000 | JDC | 80999 | 129998 | |
| $100 | 12,000 | BJ | 41301 | 53300 | |
| $500 | 2.000 | JIL | 2701 | 4700 | |
| $1000 | 500 | PD | 1401 | 1900 |
Branches
In its new concession, of 18 September 1897, the bank was given the right to establish branches and agencies in Yucatán, Campeche and Tabasco.
Campeche
Ciudad de Carmen
