First National Bank, Danville, IL (Charter 113)
First National Bank, Danville, IL (Chartered 1863 - Failed (Merger) 2009)
Town History
Danville is a city in and the county seat of Vermilion County, Illinois. As of the 2020 census, its population was 29,204. In 1900, the population was 16,354 growing to 33,776 by 1920.
Danville was founded in 1827 on 60 acres of land donated by Guy W. Smith and 20 acres donated by Dan W. Beckwith. The sale of lots was set for April 10, 1827 and advertised in newspapers in Indianapolis, Indiana and the state capital of Vandalia. The first post office was established in May of the same year in the house of Amos Williams, organizer of Vermilion and Edgar Counties and a prominent Danville citizen. Williams and Beckwith drew up the first plat map; the city was named after Dan Beckwith at Williams' suggestion, although Beckwith suggested the names "Williamsburg" and "Williamstown". Beckwith was born in Pennsylvania in 1795 and moved to Indiana as a young man; in 1819 he accompanied the first white explorers to the area where Danville later existed because of his interest in the salt springs of the Vermilion River.
Danville became a major industrial city in the late 19th and early twentieth centuries. Starting in the 1850s Danville was an important coal mining area; some of the first open pit mining techniques were practiced here. The coal formation underlying eastern Illinois and western Indiana is named the "Danville Member," after the area where it was first discovered. Danville also served as a significant manufacturing center during the early 1900s, and the city's population doubled between 1900 and 1920.
Danville had four National Banks chartered during the Bank Note Era, and all four of those banks issued National Bank Notes.
Bank History
- Chartered October 26, 1863
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Failed. Merged with government financial assistance into First Financial Bank, N.A. in Terre Haute, IN, July 2, 2009
The First National Bank of Danville had its inception in a private financial concern which was established by John L. Tincher and Joseph G. English in 1857.[1]
On December 26, 1871, Senator John L. Tincher died at the Revere House in Bloomington. He was born in Indiana in 1821, but had been a resident of Illinois for 27 years, settling in Vermillion County. For several years he had been successfully engaged in the business of banking at Danville. In 1864 he was elected Representative in the General Assemble. In 1866 he was elected State Senator and was re-elected in 1870. In the committee room and on the floor he was ever ready to maintain what seemed to hem the right, and he left the impress of his convictions upon the statue books of the State and upon many of the most important provisions of the new Constitution.[2]
In 1927, the officers were J.L. Tincher, president; E.R.E. Kimbrough, vice president; James A. Meeks, vice president; C.P. Nelson, cashier; C.E. Olmsted, assistant cashier; J.E. Whitman, assistant cashier; and W.J. Raman, assistant cashier. The directorate was composted of E.R.E. Kimbrough, D.W. Bell, J.L. Tincher, James A. Meeks, B.C. English, C.P. Nelson, and E.G. Stephens. The home of the FNB was erected in 1917.[3]
Official Bank Title
1: The First National Bank of Danville, IL
Bank Note Types Issued
A total of $3,184,910 in National Bank Notes was issued by this bank between 1863 and 2009. This consisted of a total of 83,091 notes (70,494 large size and 12,597 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments Original Series 4x5 1 - 5500 Series 1875 4x5 1 - 3143 1882 Brown Back 50-100 1 - 2317 1902 Red Seal 50-100 1 - 2300 1902 Date Back 50-100 1 - 2000 1902 Date Back 3x50-100 1 - 4550 1902 Plain Back 3x50-100 4551 - 5672 1929 Type 1 6x50 1 - 1170 1929 Type 1 6x100 1 - 372 1929 Type 2 5 1 - 2040 1929 Type 2 10 1 - 900 1929 Type 2 20 1 - 405
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1863 - 2009):
Presidents:
- Joseph Gibson English, 1863-1898
- Charles Lewis English, 1899-1917
- John Lackey "Jack" Tincher Jr., 1918-1927
- Charles P. Nelson, 1928-1932
- Benjamin Charles English, 1933-1935
Cashiers:
- Eben. Hawkins Palmer, 1863-1884
- Charles Lewis English, 1885-1896
- Levin D. Gass, 1897-1911
- Charles P. Nelson, 1912-1927
- William John Ramm, 1928-1930
- John Henry McCormick, 1931-1935
Other Bank Note Signers
- John Lackey "Jack" Tincher, Jr., signed notes as Vice President
- Charles Emory Olmstead, Assistant Cashier 1927
Wiki Links
- Illinois Bank Note History
- General information on Danville (Wikipedia)
- General information on Vermilion County (Wikipedia)
- General information on Illinois (Wikipedia)
Sources
- Danville, IL, 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
- ↑ Francis Murray Huston, Financing an Empire: History of Banking in Illinois (4 volumes) (Chicago: The S. J. Clarke Publishing Company, 1926), Volume Two, pp 462-3.
- ↑ The Weekly Leader, Bloomington, IL, Wed., Dec. 27, 1871.
- ↑ Francis Murray Huston, Financing an Empire: History of Banking in Illinois (4 volumes) (Chicago: The S. J. Clarke Publishing Company, 1926), Volume Two, p. 463.