Advertisement

Mervin Jeremiah Monnette

Advertisement

Mervin Jeremiah Monnette

Birth
Scott Township, Marion County, Ohio, USA
Death
30 Mar 1931 (aged 83)
Los Angeles, Los Angeles County, California, USA
Burial
Inglewood, Los Angeles County, California, USA
Plot
Sunny Slope Section 18
Memorial ID
View Source
Suggest Edits
Banker. The seventh of twelve children born to Abraham & Catherine Braucher Monnett on their Marion County Ohio Farmstead, Mervin Monnett followed in his father's footsteps of farming, stock raising and banking, rising to the Presidency of the Second National Bank of Bucyrus (Ohio), Monnette lost his fortune by 1900 when he "quietly" left town and his creditors. Monnette took up mining as an occupation; in 1904, a claim of his at Tonopah, Nevada yielded a significant gold strike - enough to return to Bucyrus and pay his debtors. The strike also yielded enough money to live in the manner that he was once accustomed to living within. In 1906/1907, Monnette assumed the lease on a mine in Goldfield Nevada that was considered exhausted by mining experts. In 1907, Monnette and his partner, a Mr. Hays, struck silver. The resulting payload of the Hayes Monnette Mine was the largest on record when it was shipped that year. Monnette did eventually honor his Ohio obligations, however he did not pay any interest on the outstanding amounts due. Joined in California by his son, Orra E. Monnette, Mervin Monnette assumed the Presidency of the American National Bank of Los Angeles. In 1909, Mervin and his engineered the merger of the American National Bank with the Citizen's National Bank of Los Angeles Bank. The duo then arranged the merger of this bank with Broadway Bank & Trust Company; the newly merged companies then assumed the name of the Citizens Trust and Savings Bank of Los Angeles. In 1923, Monnette was named to the Board of Directors to the proposed Bank of America. He remained on the Board of the bank until its acquisition of Liberty Bank, and the subsequent merger of with Bank of Italy, forming the Bank of America. At the time of his death, Mervin J. Monnett left an estate valued at $50 million dollars.
Banker. The seventh of twelve children born to Abraham & Catherine Braucher Monnett on their Marion County Ohio Farmstead, Mervin Monnett followed in his father's footsteps of farming, stock raising and banking, rising to the Presidency of the Second National Bank of Bucyrus (Ohio), Monnette lost his fortune by 1900 when he "quietly" left town and his creditors. Monnette took up mining as an occupation; in 1904, a claim of his at Tonopah, Nevada yielded a significant gold strike - enough to return to Bucyrus and pay his debtors. The strike also yielded enough money to live in the manner that he was once accustomed to living within. In 1906/1907, Monnette assumed the lease on a mine in Goldfield Nevada that was considered exhausted by mining experts. In 1907, Monnette and his partner, a Mr. Hays, struck silver. The resulting payload of the Hayes Monnette Mine was the largest on record when it was shipped that year. Monnette did eventually honor his Ohio obligations, however he did not pay any interest on the outstanding amounts due. Joined in California by his son, Orra E. Monnette, Mervin Monnette assumed the Presidency of the American National Bank of Los Angeles. In 1909, Mervin and his engineered the merger of the American National Bank with the Citizen's National Bank of Los Angeles Bank. The duo then arranged the merger of this bank with Broadway Bank & Trust Company; the newly merged companies then assumed the name of the Citizens Trust and Savings Bank of Los Angeles. In 1923, Monnette was named to the Board of Directors to the proposed Bank of America. He remained on the Board of the bank until its acquisition of Liberty Bank, and the subsequent merger of with Bank of Italy, forming the Bank of America. At the time of his death, Mervin J. Monnett left an estate valued at $50 million dollars.

Bio by: SHaley

Family Members

Parents
Spouses
Siblings
Children

Sponsored by Ancestry

Advertisement

See more Monnette memorials in:

Flower Delivery Sponsor and Remove Ads

Records on Ancestry

Advertisement