Farmers National Bank, Osborne, KS (Charter 5834)
Farmers National Bank, Osborne, KS (Chartered 1901 - Closed (Merger) 2020)
Town History
Osborne is a city in and the county seat of Osborne County, Kansas. As of the 2020 census, the population of the city was 1,335. In 1880 the population was 719 growing to 1,881 by 1930.
Settlers from southeastern Pennsylvania founded Osborne City in May 1871. They named the settlement after Vincent B. Osborne, a Union Army veteran of the American Civil War, after whom Osborne County also is named. Osborne City became the permanent county seat in November 1872. A district judge officially proclaimed it a city in May 1873, but the townspeople failed to legally organize a government. Five years later, a second attempt was successful, and the settlement incorporated as a city in 1878. "City" was dropped from its name by the mid-1890s.
A bridge was built at Osborne over the Solomon River in 1878.
Osborne had three National Banks chartered during the Bank Note Era, The First National Bank (Charter 3319), The Exchange National Bank (Charter 3472), and The Farmers National Bank (Charter 5834), and all three of those banks issued National Bank Notes.
Bank History
- Organized April 29, 1901
- Chartered May 24, 1901
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into The Peoples Bank in Pratt, KS, February 14, 2020
On April 23, 1901, the comptroller of the currency approved the application of the Farmers National Bank of Osborne to organize a new financial institution. The stockholders were some of the most substantial and wealthy citizens of Osborne County as follows: W.H. Smith, E.E. Ellis, Dave and John Kaser, John Leaver, John and M.D. Larosh, S.C. Towne, J.F. Irey, Albert Smith, J.H. and E.J. Rochford, J.P. Ford, W.F. Vawter, I.L. DeMoss and C.B. Hahn. The directs were W.H. Smith, E.E. Ellis, Dave Kaser, John Leaver, S.C. Towne, J.F. Irey, Albert Smith, J.H. and E.J. Rochford, and C.B. Hahn. The officers were W.H. Smith, president; E.E. Ellis, vice president; Dave Kaser, second vice president; and C.B. Hahn, cashier. The capital stock was $25,000 and the bank planned to open about June 1st as soon as W.H.C. Riley vacated the Ford building which was purchase some weeks ago.[2]
In January 1921, the Farmers National board of directors and officers were all re-elected as follows: C.A. Garrison, president; I.L. DeMoss, vice president; E.C. Garrison, cashier; J.R. Marlar, B.J. Roy, J.C. Stanford and J.F. Irey. D.E. Linden and Miss Blanche Prizer were the assistant cashiers.[3]
On July 21, 1923, Dayton C. Henderson passed away at the home of his sister, Mrs. R.D. Rickard, in Hastings, Nebraska. He was born April 11, 1880 and was reared on the farm home southwest of Wetmore, attending school at Wetmore and later at Holton. He was engaged in the mercantile business at Axtell, Kansas, from 1907 until 1910, then became identified with the National Bank at Gaylord, Kansas. After selling out his Gaylord interest, Mr. Henderson and Geo. R. Parker purchased a controlling interest in the Farmers National Bank from Chas. B. Hahn in 1918 with Mr. Henderson becoming cashier. Early in 1920 they sold their interests to C.A. and E.C. Garrison of Smith Center. Mr. Henderson then purchased a half interest with Mr. Auld and John Scott in the State Bank at Red Cloud, Nebraska, continuing his connection with this bank until the time of his death.[4][5]
A collision between autos occurred Tuesday evening, September 25, 1923, at the Farmers National Bank corner, but nobody was hurt. B.W. Ayers was coming south on First Street, driving at a moderate speed, and a traveling man came whizzing along Main Street going west. The machines came together at the intersection with a crash, and a crowd soon gathered to take stock of the damages. The stranger's coupe was turned half way round and faced north when stopped.[6]
On October 19, 1928, Robert Hull of Concordia and Herbert Bell, widely known merchant of Osborne, were killed when the car driven by Bell struck a Santa Fe freight car. R.V. Garrison, 26, assistant cashier of the Farmers National Bank of Osborne was seriously injured. Garrison regained semi-consciousness by the extent of his injuries had not been determined. The three were returning from the East on the Osborne-Downs highway. The freight car had been pulled across the crossing but was not moving at the time of the accident.[7]
On Saturday, May 19, 1951, the Farmers National Bank celebrated their fiftieth anniversary. The Garrisons, Everett, Leo and R.V. had controlling interest in the bank.[8]
On September 26, 1958, Robert (Bob) V. Garrison, vice president of the Farmers National Bank of Osborne died in St. Joseph Hospital in Concordia. Mr. Osborne had been in the banking business in Osborne for the past 37 years.[9]
In October 1984, the First National Bank of Gaylord became the fourth bank in Kansas to close that year and the second in the month. The Federal Deposit Insurance Corp. (FDIC) announced the closing of the Gaylord bank on Thursday, October 25th and said the banks deposits were being assumed by the newly chartered Farmers National Bank of Gaylord. John Vella with the FDIC who was in Gaylord said a representative of the new holding company, Gaylord Investments of Osborne, hoped to reopen the bank immediately. The Rexford State Bank earlier in the month was closed, reorganized and reopened as Peoples State Bank of Rexford. Before that the First State Bank of Thayer failed in August and the Indian Springs State Bank of Kansas City, Kansas, closed in January.[10] Inadequately secured loans and insider transactions were blamed for the failure of the First National Bank of Gaylord in rural Smith County, Kansas. John S. Peters, Osborne, was listed as president of the new group, Gaylord Investments Inc., which was the sole bidder to assume ownership of the bank.The Kansas City Star, Kansas City, MO, Fri., Oct. 26, 1984.
In 2008 the number of Kansas banks seeking to convert their charters from a national to a state bank reached its highest point in more than five years. Applications were made by the American State Bank & Trust in Great Bend, Gardner National Bank in Gardner, and Farmers National Bank in Osborne. One of the disadvantages of a national charter was the substantial premium paid to the state. The Kansas bank commissioner charged an annual assessment of $2,010 to a bank with $10 million in assets.[11]
- 01/23/1989 Acquired The Farmers National Bank of Gaylord (FDIC #25737) in Gaylord, KS.
- 04/01/2009 Institution withdraws from membership in the Federal Reserve System.
- 04/01/2009 Changed Chartering Agency to STATE.
- 04/01/2009 Changed Bank Class to NM.
- 04/01/2009 Changed Primary Federal Regulatory Agency to FDIC.
- 04/01/2009 Changed Institution Name to The Farmers Bank of Osborne.
- 07/23/2011 Branch Purchased
- 01/10/2014 Main Office moved to 102 West Main Street, Osborne, KS 67473.
- 02/14/2020 Merged and became part of The Peoples Bank (FDIC #1147) in Pratt, KS.
Official Bank Title
1: The Farmers National Bank of Osborne, KS
Bank Note Types Issued
A total of $362,410 in National Bank Notes was issued by this bank between 1901 and 1935. This consisted of a total of 29,230 notes (23,976 large size and 5,254 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 3x10-20 1 - 1300 1882 Date Back 3x10-20 1 - 1610 1882 Value Back 3x10-20 1611 - 2610 1902 Plain Back 3x10-20 1 - 2084 1929 Type 1 6x10 1 - 644 1929 Type 1 6x20 1 - 162 1929 Type 2 10 1 - 373 1929 Type 2 20 1 - 45
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1901 - 1935):
Presidents:
- William Henry Smith, 1901-1902
- Elijah Elwood Ellis, 1903-1903
- William Henry Smith, 1904-1904
- John Franklin Irey, 1905-1907
- Charles B. Hahn, 1908-1917
- Dayton C. Henderson, 1918-1918
- George R. Parker, 1919-1919
- Clarence Absolom Garrison, 1920-1925
- James Rush Marlar, 1926-1935
Cashiers:
- Charles B. Hahn, 1901-1906
- Wallace W. Parsons, 1907-1907
- Benjamin James Roy, 1908-1914
- William Henry Howell, 1915-1915
- Ezra R. Hahn, 1916-1918
- Dayton C. Henderson, 1919-1919
- Everett Claude Garrison, 1920-1935
Other Known Bank Note Signers
Bank Note History Links
Sources
- Osborne, 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 Salina Journal, Salina, KS, Thu., Aug. 30, 2001.
- ↑ Osborne County Farmer, Osborne, KS, Thu., May 2, 1901.
- ↑ Osborne County Farmer, Osborne, KS, Thu., Jan. 13, 1921.
- ↑ The Wetmore Spectator, Wetmore, KS, Fri., Aug. 3, 1923.
- ↑ Osborne County Farmer, Osborne, KS, Thu., Aug. 2, 1923.
- ↑ Osborne County Farmer, Osborne, KS, Thu., Sep. 27, 1923.
- ↑ Kansas City Journal, Kansas City, MO, Sat., Oct. 20, 1928.
- ↑ Mcdonald Standard, McDonald, KS, Thu., May 24, 1951.
- ↑ The Citizen-Patriot, Atwood, KS, Thu., Oct. 2, 1958.
- ↑ Fremont Tribune, Fremont, KS, Fri., Oct. 26, 1984.
- ↑ The Wichita Eagle, Wichita, KS, Sat., Nov. 29, 2008.