Bedford National Bank, Bedford, IA (Charter 5165)

From Bank Note History
Jump to navigation Jump to search
Post card of the Bedford National Bank building ca. 1911.

Bedford National Bank, Bedford, IA (Chartered 1898 - Failed 1986)

Town History

Photo of the Bedford National Bank building in 2015. Now housing a Great Western Bank branch. Courtesy of Google Maps.

Bedford is located in Taylor County in southwest Iowa.

The community was called "Grove" when a post office was established on June 30, 1855. On June 24, 1856 it was changed to Bedford.

The community was formally established as the county seat of Taylor County by a legislative act in 1853.

During the National Bank Note Era, the population of Bedford was 720 in 1870, rising to 1,977 in 1900, and increasing slightly to 2,100 in 1930. It's highest population was 2,151 in 1940, and the current population is estimated at 1,410 (2016).

For more information on the town of Bedford, see their Wikipedia page.

Bank History

  • Organized Dec 1, 1898
  • Chartered Dec 29, 1898
  • Succeeded Bedford Bank
  • Bank was Open past 1935
  • Failed May 1, 1986. Acquired with government financial assistance and subsequently operated as part of American National Bank.

Official Bank Title(s)

1: The Bedford National Bank, Bedford, IA

Bank Note Types Issued

1902 Plain Back $20 bank note with stamped signatures of Joseph Freeman Longfellow, Cashier and William Edwin Crum, Jr., President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $10 bank note with printed signatures of Joseph Freeman Longfellow, Cashier and William Edwin Crum, Jr., President. Courtesy of Lyn Knight Currency Auctions, www.lynknight.com

A total of $748,080 in National Bank Notes was issued by this bank between 1898 and 1935. This consisted of a total of 94,062 notes (77,804 large size and 16,258 small size notes).


This bank issued the following Types and Denominations of bank notes:

Series/Type Sheet/Denoms Serial#s
1882 Brown Back 4x5 1 - 3775
1882 Brown Back 3x10-20 1 - 1680
1882 Date Back 4x5 1 - 2500
1882 Date Back 3x10-20 1 - 1860
1882 Value Back 4x5 2501 - 3178
1882 Value Back 3x10-20 1861 - 2324
1902 Plain Back 4x5 1 - 4940
1902 Plain Back 3x10-20 1 - 3554
1929 Type 1 6x5 1 - 1288
1929 Type 1 6x10 1 - 810
1929 Type 1 6x20 1 - 230
1929 Type 2 5 1 - 1340
1929 Type 2 10 1 - 822
1929 Type 2 20 1 - 128

Bank Presidents and Cashiers

Bedford National Bank Presidents and Cashiers during the National Bank Note Era (1898 - 1936):

Presidents:

  • William Edwin Crum, 1899-1914
  • William Edwin Crum, Jr., 1915-1935

Cashiers:

  • Charles Gray Martin, 1900-1911
  • Hal Reede Reynolds, 1912-1914
  • Charles Gray Martin, 1915-1920
  • Joseph Freeman Longfellow, 1921-1935

Other Bank Note Signers

  • Francis Eells Walker, Vice President 1900-1904

References

Retrieved from "https://banknotehistory.mywikis.wiki/w/index.php?title=Bedford_National_Bank,_Bedford,_IA_(Charter_5165)&oldid=9410"