First National Bank, Doon, IA (Charter 6764)

First National Bank building (right) 1907. Historic Iowa Postcard Collection, Special Collections and Archives, Grinnell College Libraries.

First National Bank, Doon, IA (Chartered 1903 - Receivership 1931)

Town History

Photo of the former First National Bank location in 2016. The original building has been razed. Courtesy of Google Maps

Doon is located in Lyon County in northwest Iowa.

Located on a plateau on the eastern bank of the Rock River, the city was named after the River Doon in Scotland, made famous as the subject of Robert Burns' poem, "The Banks O' Doon". Founded by G. W. Bowers and A. H. Davison on September 6, 1889, the railway town was connected first by the Rock Valley Railway, followed by the Iowa & Dakota Railroad. The city was incorporated on March 8, 1892.

During the National Bank Note Era, the population of Doon was 545 in 1900, staying fairly constant with 576 in 1930. It's highest and current population was 597 (2016).

Bank History

Organized Apr 5, 1903
Chartered May 2, 1903
Succeeded Doon Savings Bank
Receivership Oct 22, 1931

Official Bank Title(s)

1: The First National Bank of Doon, IA

Bank Note Types Issued

1902 Plain Back $10 banknote with faded stamped signatures of Oscar Phineas Miller, Cashier and Oscar Phineas Miller, President

1929 Type 1 $20 banknote with printed signatures of C. R. McDowell, Cashier and A. G. Miller, President

A total of $501,810 in National Bank Notes was issued by this bank between 1903 and 1931. This consisted of a total of 40,398 notes (34,668 large size and 5,730 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 - 986
1902 Date Back	3x10-20	1 - 1730
1902 Plain Back	3x10-20	1731 - 7681
1929 Type 1	6x10	1 - 769
1929 Type 1	6x20	1 - 186

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1903 - 1931):

Presidents:

Cashiers:

Other Bank Note Signers

There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

Doon, IA, Wikipedia, https://en.wikipedia.org/wiki/Doon,_Iowa
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