First National Bank, Clarence, IA (Charter 7682)

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Photo of the First National Bank building ca.1915. Courtesy of Flickr user "Lights in my Hometown".

First National Bank, Clarence, IA (Chartered 1905 - Liquidated 1931)

Town History

Clarence is located in Cedar County in east central Iowa. Clarence was was originally called "Onion Grove" because of the widespread growth of wild onions along Mill Creek The village was moved in order to be close to a railroad line and the name was changed to "Clarence" on the suggestion of Clarence, New York native L. B. Gere. Clarence was incorporated in 1866.

During the National Bank Note Era, the population of Clarence was 674 in 1900, climbing to 693 in 1920, and dropping to 659 in 1930. It's highest population was 1,008 in 2000, and the current population is estimated at 977 (2016).

Clarence had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.

Bank History

Photo of the old First National Bank building 2019. Courtesy of Google Maps.
  • Organized Mar 29, 1905
  • Chartered Apr 8, 1905
  • Opened for business Apr 18, 1905
  • Liquidated Jun 19, 1931
  • Absorbed by Clarence Savings Bank, Clarence
1902 Plain Back $20 large size bank note with pen/stamped signatures of Richard O. Hoyer, Cashier and Myron Bent Cottrell, President.

Official Bank Title(s)

1: The First National Bank of

Bank Note Types Issued

A total of $322,970 in National Bank Notes was issued by this bank between 1905 and 1931. This consisted of a total of 25,924 notes (23,548 large size and 2,376 small size notes).

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

Series/Type Sheet/Denoms Serial#s
1902 Red Seal 3x10-20 1 - 1100
1902 Date Back 3x10-20 1 - 1610
1902 Plain Back 3x10-20 1611 - 4787
1929 Type 1 6x10 1 - 315
1929 Type 1 6x20 1 - 81
1929 Type 1 $20 small size bank note with printed signatures of Ernest Charles Hasselbusch, Cashier and Charles E. Read, President.

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1905 - 1931):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

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