Citizens National Bank, Emporia, KS (Charter 5498)
Citizens National Bank, Emporia, KS (Chartered 1900 - Closed (Merger) 1991)
Town History
Emporia is a city in and the county seat of Lyon County, Kansas. Emporia lies between Topeka and Wichita at the intersection of U.S. Route 50 with Interstates 335 and 35 on the Kansas Turnpike. Emporia is also a college town, home to Emporia State University and Flint Hills Technical College. It is home of two annual sporting events: Unbound Gravel (gravel bicycle races) and Dynamic Discs Open (disc golf tournaments). As of the 2020 census, the population of the city was 24,139. In 1900 the population was 8,223, growing to 14,067 by 1930.
Located on upland prairie, Emporia was founded in 1857, drawing its name from ancient Carthage, a place known in history as a prosperous center of commerce. In 1864 the Union Pacific Railway, Southern Branch (later incorporated into the Missouri-Kansas-Texas Railroad) received land grants to build from Fort Riley to Emporia. The road eventually reached Emporia in 1869, becoming the first railroad to serve the burgeoning town. In July 1870, a second railroad, the Atchison, Topeka and Santa Fe Railway reached Emporia, and in the years following the American Civil War the city became a booming railroad hub.
Emporia had four National Banks chartered during the Bank Note Era, and all four of those banks issued National Bank Notes.
Bank History
- Organized June 27, 1900
- Chartered July 14, 1900
- Succeeded Citizens Bank
- Assumed 1983 by consolidation May 15, 1930 and its circulation (Emporia National Bank, Emporia, KS)
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Name changed to Citizens National Bank & Trust Company, February 20, 1967
- Name changed to Bank IV Emporia March 31, 1986
- Merged into Bank IV Kansas, NA, in Wichita, KS, December 31, 1991
In May 1900, the Citizens Bank filed an application with the comptroller of the currency asking for the authority to convert the Citizens Bank into a national bank. On Monday, May 14, the application was approved. The directors were G.W. Newman, J.S. Kenyon, F.C. Newman, R.J. Edwards, L.L. Halleck, T.J. Acheson, D.A. Stahl, and T.F. Byrnes. The bank's capital stock was $75,000. Before the Citizens left its old quarters at 602 Commercial Street, the plan of placing it under the national banking law was discussed, but met opposition and was deferred.[1] The report of condition of the Citizens National Bank at the close of business, July 14, 1900, listed capital stock paid in of $100,000, surplus $15,000, deposits $343,523.31, and total resources of $460,618.48. L.L. Halleck was cashier.[2]
In January 1901, the directors were G.W. Newman, T.J. Acheson, R.J. Edwards, T.F. Byrnes, F.C. Newman, J.S. Kenyon, and L.L. Halleck. the officers were F.C. Newman, president; T.J. Acheson, vice president; L.L. Halleck, cashier; and H.W. Fisher, assistant cashier.[3]
In January 1912, the directors were R.M. Hamer, J.S. Kenyon, L.L. Halleck, G.W. Newman, T.J. Acheson, J.M. Steele, F.C. Newman, R.J. Edwards, and T.F. Byrnes. The officers were F.C. Newman, president; L.L. Halleck, vice president; J.M. Steele, cashier; H.W. Fisher and C.H. Newman, assistant cashiers. The bank had capital $150,000 and surplus $100,000.[4]
In January 1927, the officers were F.C. Newman, E.H. Rees and J.S. Langley, vice presidents; W.R. Coulson, cashier; E.K. Lord, and R.H. Jaquith, assistant cashiers.[5]
On March 21, 1927, two former Emporians, Calvin H. Newman and Ira F. Acheson, became officers of one of the largest banking institutions in the United States when the Griswold National bank and the First State Bank, both of Detroit, consolidated. The new institution began business as the Griswold-First State Bank. Mr. Newman, former president of the Citizens National Bank was president of the Griswold National which he organized several years ago. Mr. Acheson, former cashier of the Citizens National and later cashier of the Griswold National, was cashier and vice president of the new Detroit institution.[6]
In January 1933, the officers were M.A. Limbocker, president; J.S. Langley and E.H. Rees, vice presidents; E.V. Wood, cashier; E.K. Lord, R.H. Jaquith, and C.V. Morris, assistant cashiers; L.T. Bang, L.J. Buck, W.B. Catterlin, A.H. Gufler, H.P. Hood, T. Jensen, J.J. Morris, F.P. Warren, and C.G. West, directors. The bank had total resources of $2,827,337.81.[7]
In January 1960, M.S. Ellis was advanced from vice president to executive vice president and Logan L. Bailor, an assistant cashier, resigned to accept a job with George K. Baum and Co., a securities and investment firm with its Emporia branch located in the Citizens National Bank building. The re-elected officers of the Citizens National Bank were C.V. Morris, president; J.H. Lutz, J.J. Freeman and E.H. Rees, vice presidents; A.R. Erickson, cashier; Ray O. Linn, Duane A. Hickox, and Russell J. Mullikin, assistant cashiers. Others serving as directors were Leo J. Brinkman, Howard E. Davis, J. Manuel Hughes, F.B. Jennsen, Joe J. Morris, B.K. Reeble, W.E. Teichgraeber and R.P. Warren.[8]
In October 1965, the directors were Leo J. brinkman, Howard E. Davis, L.J. Freeman, J. Manuel Hughes, Oliver H. Hughes, F.B. Jensen, J.H. Lutz, Joe J. Morris, B.K. Reeble, E.H. Rees, W.E. Teichgraeber, and R.P. Warren. The officers were Oliver H. Hughes, chairman of the board; F.B. Jensen, vice chairman; J.H. Lutz, president; L.J. Freeman, executve vice president; E.H. Rees, Duane A. Hickox, and Ray O. Lin, vice presidents; Glenn E. Tague, vice president and trust officer; A.R. Erickson, cashier; J. Manuel Hughes, Ellen M. Stotts, Doris E. Taylor, Leona Wells, Florence White, Darrell R. Hare, Donal D. Law, and John F. Petersen, assistant cashiers.[9]
On July 1, 1985, a sweeping change in Kansas banking took effect as multibank holding companies became legal. The state's largest banking organization, the Fourth Financial Corp. of Wichita, would take complete control of six other Kansas banks on the 17th including Patrons State Bank & Trust Co. of Olathe. Under the previous law, banks were prohibited from owning more than 25% of other banks. Fourth Financial also announced a takeover of the Citizens National Bank in Emporia, to be completed later in the year. By the end of the year, Fourth Financial expected to be a $2 billion multibank holding company according to Bob Asmann, a vice president of Fourth Financial. The advantage of the new law was the ability to make bigger loans and bankers and state officials hoped that would bring more investment and jobs to Kansas.[10]
On Tuesday, March 18, 1986, Wichita-based Fourth Financial Corp announced the adoption of Bank IV as its new unified identity for its nine Kansas banks. Names of each of the nine banks were officially changed on their charters and three of the corporation's state-chartered banks were re-chartered as national banks. The name changes were effective March 31st. The banks' new and old names were Bank IV Wichita/Fourth National Bank & Trust Co.; Bank IV Charter/Fourth Charter Bank, Wichita; Bank IV Coffeyville/First National Bank of Coffeyville; Bank IV Emporia/Citizens National Bank & Trust Co.; Bank IV Newton/Kansas State Bank, Newton; Bank IV Olathe/Patrons State Bank & Trust Co.; Bank IV Pittsburg/The National Bank of Pittsburg; Bank IV Salina/Planters Bank & Trust Co.; Bank IV Topeka/First National Bank of Topeka. Also changed was Fourth Financial's consumer loan subsidiary from United Finance to Finance IV. While the banks' names changed, the holding company's name remained Fourth Financial Corp. with combined assets of $2.5 billion and combined deposits of $2.1 billion. Jordan Haines was chairman of Fourth Financial.[11]
Official Bank Title(s)
1: The Citizens National Bank of Emporia, KS
Bank Note Types Issued
A total of $2,735,860 in National Bank Notes was issued by this bank between 1900 and 1935. This consisted of a total of 258,669 notes (210,456 large size and 48,213 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1882 Brown Back 4x5 1 - 3000 1882 Brown Back 3x10-20 1 - 7300 1882 Date Back 4x5 1 - 11000 1882 Date Back 3x10-20 1 - 7400 1882 Value Back 4x5 11001 - 15750 1882 Value Back 3x10-20 7401 - 10080 1902 Plain Back 3x10-20 1 - 15583 1902 Plain Back 3x50-100 1 - 901 1929 Type 1 6x5 1 - 2790 1929 Type 1 6x10 1 - 2516 1929 Type 1 6x20 1 - 668 1929 Type 1 6x50 1 - 184 1929 Type 1 6x100 1 - 66 1929 Type 2 5 1 - 7570 1929 Type 2 10 1 - 2599 1929 Type 2 20 1 - 700
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1900 - 1935):
Presidents:
- Frederick Charles Newman, 1900-1922
- Calvin Hood Newman, 1923-1924
- Frederick Charles Newman, 1925-1928
- Myron A. Limbocker, 1929-1935
Cashiers:
- Lewis Lafayette Halleck, 1900-1903
- LTC James McLean Steele, 1904-1912
- Hiram Way Fisher, 1913-1920
- Ira Frederick Acheson, 1921-1925
- William R. Coulson, 1926-1930
- Ernest Virgil Wood, 1931-1935
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Emporia, KS, on Wikipedia
- Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
- Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
- Banks & Bankers Historical Database (1782-1935), https://spmc.org/bank-note-history-project
- ↑ The Emporia Weekly Gazette, Emporia, KS, Thu., May 17, 1900.
- ↑ The Emporia Gazette, Emporia, KS, Thu., July 19, 1900.
- ↑ Emporia Daily Republican, Emporia, KS, Fri., Jan. 4, 1901.
- ↑ The Emporia Gazette, Emporia, KS, Thu., Jun. 18, 1912.
- ↑ The Kansas Federationist, Kansas City, KS, Sat., Jan. 1, 1927.
- ↑ The Emporia Gazette, Emporia, KS, Mon., Mar. 21, 1927.
- ↑ The Emporia Gazette, Emporia, KS, Wed., Jan. 4, 1933.
- ↑ The Emporia Gazette, Emporia, KS, Wed., Jan. 13, 1960.
- ↑ The Emporia Gazette, Emporia, KS, Fri., Oct. 22, 1965.
- ↑ The Kansas City Star, Kansas City, MO, Fri., June 28, 1985.
- ↑ The Wichita Eagle, Wichita, KS, Wed., Mar. 19, 1986.