Within a few years, operating capital exceeded $150,000, and in 1888, the Barnetts applied for and received a "National Charter", pursuant to the National Bank Act. This allowed them to become the National Bank of Jacksonville. The institution's deposits exceeded $1 million in 1893.
Within a few years, operating capital surpassed $150,000; in 1888, the Barnetts applied for and received a "National Charter," pursuant to the National Bank Act. This enabled them to become the National Bank of Jacksonville. In 1893, the institution's deposits exceeded $1 million.