El Banco de Zacatecas

The Banco de Zacatecas^{for a detailed history of the bank, see María Guadalupe Noriega Caldera, El Banco de Zacatecas: regulación, organización, operaciones y administración (1891-1916), Universidad Autónoma de Zacatecas, December 2018}, granted a concession on 3 March 1891, was founded on 25 May 1891 by Jesus and Antonio Garcia, Rafael Villalpando and Luis Macias with a capital of $600,000 and began operating on 8 December of the same year. Most of the founding members were men of lineage, well-known business men, merchants and land owners^{The first board were Genaro García, as presidente, Luis Macías, Rafael Villalpando, Enrique Hatchandy, Cayetano Arteaga, Jaime G. Würst, Leopoldo Viadero, Francisco Pérez, Agustín G. González and Juan Breña}. Unsurprisingly, over a dozen of the shareholders also owned shares in the Compañía Guanajuatense-Zacatecana which was the last private enterprise that leased the Zacatecas Mint (1876-1895).

Following the Ley General de Instituciones de Credito, on 12 November 1897 the bank, represented by Genaro G. García, renounced its existing rights and entered into a new contract with the federal government.

German Dectjen was manager of the main offices.

In 1897 the bank established a branch in Aguascalientes, though its notes already circulated and were accepted in the most important shops. In July of that year the board asked the Aguascalientes Congress for certain tax exemptions for the branch that it proposed to set up in the capital and, having received them^{decree núm. 856 dated 10 July 1897[text needed]}, began operation on 1 September. with Genaro E. Kimball as manager ^{The Junta de Vigilancia for the branch in 1901 was Carlos M. López, Rafael Arellano Valle and Felipe Ruíz de Chávez. (AGN, Antiguos Bancos de Emisión, Caja 1716, Libro 2835, Actas del Banco de Zacatecas, 1897-1903). Up to 1914 Carlos M. López headed the Junta, Luis P. Ibargüengoitia was manager and Camilo Chávez Guinchard cajero (AGN, Antiguos Bancos de Emisión, Caja 2110, Libro 3640, Actas sucursal de Aguascalientes 1914 - 1916)} . On 1 July 1902 the bank opened another branch in Lagos de Moreno, Jalisco, under the management of Luis P. Ibargüengoitia^{AHEZ, Fondo Notarios, Serie Período Independiente, Subserie Luis D. Hernández, Libro 16, Tomo II, Año 1902, Número 96, 16 June, “Poder conferido por el gerente del Banco de Zacatecas en favor de D. Luis P. Ibargüengoitia gerente del citado en Lagos”}.

From the beginning of the armed movement in 1910 until the end of 1913 Zacatecas did not suffer serious conflict. Nonetheless, at the beginning of 1914 the winds of war began to blow across the mountainous regions of Zacatecas and with the approach of the revolutionary forces the board took the decision on 2 June 1914 to close the head offices and move to Mexico City.

On 8 December 1915, following an investigation into the bank's finances, the Comisión Reguladora e Inspectora de Instituciones de Crédito declared that the bank was within the terms set by the Ley General and would keep its concession.

Under Obregón's decree of 31 January 1921 the bank was placed into Class A (for banks whose assets were greater than their liabilities) and allowed to resume all customary operations except the issue of bank notes. The bank was finally liquidated in 1930.

ANBC print runs

The bank issued notes in seven denominations ($1, $5, $10, $20, $50, $100 and $500) printed by the American Bank Note Company in New York. All of them bear a vignette (C 181) of Francisco García Salinas^{Francisco García Salinas was born on the Hacienda of Santa Gertrudis, Zacatecas in 1786. He studied in the seminary of Guadalajara and returned to his hometown to dedicate himself to the mining industry. When the War of Independence ended, he was counselor of the Municipal Government of Zacatecas during 1821. While a Senator in 1825, he pointed out serious financial errors to the Ministry of the Treasury. Because of this, he was appointed Minister of the Treasury in the cabinet of Guadalupe Victoria. He held this post until 1828 when he was elected Governor of Zacatecas (1828-1834). In 1841, President Santa Anna offered him the post of Minister of the Treasury once again, which he refused shortly before his death. He died in San Pedro, Zacatecas in 1841.} (governor from 1828 to 1834) on the face as well as different allegories and rural or industrial scenes. The ABNC engraved special vignettes of "oxen ploughing" (C 438) and "a view of a mining district" (C 441). For the backs the ABNC engraved a special vignette of the Cerro de la Bufa (C 439).

The American Bank Note Company's print runs were: