First National Bank, Elkader, IA (Charter 1815)

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Photo of the First National Bank building ca. 1920. The building original building was enlarged and remodeled ca. 1916-1917.

First National Bank, Elkader, IA (Chartered 1871 - Liquidated 1931)

Town History

Photo of the First National Bank building in 2015. Courtesy of Google Maps.

Elkader is located in Clayton County in northeast Iowa. Elkader was platted in 1846. The town is known for its bridge over the Turkey River, said to be the largest stone arch bridge west of the Mississippi River. It, and many of the local buildings, are made from locally quarried sandstone. The town's grocery store, Wilke's, is the oldest continuously operated grocery store west of the Mississippi, as well. Elkader also features a renovated Victorian-era opera house, and the Turkey River Mall, a 29-room hotel converted into antique stores.

During the National Bank Note Era, the population of Elkader was 697 in 1870, nearly doubling to 1,321 in 1900, and staying consistent at 1,382 in 1930. It's highest population was 1,688 in 1980, and the current population is estimated at 1,215 (2018).

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

Bank History

  • Organized Apr 19, 1871
  • Chartered May 11, 1871
  • Liquidated Nov 12, 1931
  • Succeeded by Central State Bank & Trust Co. of

Official Bank Title(s)

1: The First National Bank of Elkader, IA

Bank Note Types Issued

1875 Series $5 bank note with pen signatures of Henry Meyer, Cashier and William Larrabee, President. William Larrabee was the 13th Governor of Iowa in office from 1886-1890. Courtesy of Heritage Auctions, http://www.ha.com
1929 Type 1 $10 bank note with printed signatures of Hall Leroy Swenson, Cashier and C. C. Oehring, President. Courtesy of Heritage Auctions, http://www.ha.com

A total of $425,480 in National Bank Notes was issued by this bank between 1871 and 1931. This consisted of a total of 64,024 notes (61,828 large size and 2,196 small size notes).

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

Series/Type Sheet/Denoms Serial#s
Original Series 3x1-2 1 - 2700
Original Series 4x5 1 - 2725
Series 1875 4x5 1 - 4040
1882 Brown Back 4x5 1 - 1632
1882 Brown Back 3x10-20 1 - 1380
1882 Date Back 3x10-20 1 - 180
1902 Date Back 3x10-20 1 - 1150
1902 Plain Back 3x10-20 1151 - 2800
1929 Type 1 6x10 1 - 298
1929 Type 1 6x20 1 - 68

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1871 - 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

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