First National Bank, Farragut, IA (Charter 6700)

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Postcard of the First National Bank building (behind automobile) ca. 1910.

First National Bank, Farragut, IA (Chartered 1903 - Converted to State Charter 2012)

Town History

Photo of the old First National Bank building in 2014. Courtesy of Google Maps.
Photo of the "new" bank that was moved down one building at some point of the banks life. 2014. Courtesy of Google Maps.

Farragut is located in Fremont County in southwest Iowa.

Farragut had its start in the year 1870 by the building of the Burlington & Missouri River Railroad through that territory. It is named for Admiral David Farragut.

During the National Bank Note Era, the population of Farragut was 514 in 1900, staying fairly constant with 523 in 1930. It's highest population was 603 in 1980, and the current population is estimated at 441 (2016).

For more information on the town of Farragut, see their Wikipedia page.

Bank History

  • Organized Mar 14, 1903
  • Chartered Mar 30, 1903
  • Succeeded Bank of Farragut
  • Licensed after Banking Holiday, 1933
  • Converted to State charter and changed name to "First Heritage Bank", 2012

Official Bank Title(s)

1: The First National Bank of Farragut, IA

Bank Note Types Issued

1902 Plain Back $5 bank note with stamped signatures of Robert Otto Henstorf, Cashier and William Rogers, President. Courtesy of the National Bank Note Census, www.nbncensus.com
1929 Type 1 $5 bank note with printed signatures of Robert Otto Henstorf, Cashier and William Rogers, President

A total of $219,780 in National Bank Notes was issued by this bank between 1903 and 1935. This consisted of a total of 25,092 notes (21,588 large size and 3,504 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 - 1200
1902 Date Back 4x5 1 - 1850
1902 Date Back 3x10-20 1 - 1120
1902 Plain Back 4x5 1851 - 2589
1902 Plain Back 3x10-20 1121 - 1608
1929 Type 1 6x5 1 - 354
1929 Type 1 6x10 1 - 177
1929 Type 1 6x20 1 - 53

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1903 - 1936):

Presidents:

  • Thomas Henderson Read, 1903-1925
  • William Rogers, 1926-1935

Cashiers:

  • Harrison Rogers, 1903-1908
  • William Rogers, 1909-1921
  • Robert Otto Henstorf, 1922-1935

Other Bank Note Signers

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

References

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