First National Bank, Galva, IA (Charter 10501)

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Postcard of the First National Bank building ca. 1914.

First National Bank, Galva, IA (Chartered 1914 - Receivership 1928)

Town History

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

Galva is located in Ida County in northwest Iowa.

Galva was named after Galva, Illinois, the former hometown of a large share of its early settlers.

During the National Bank Note Era, the population of Galva was 357 in 1910, rising slightly to 530 in 1930. It's highest population was 539 in 1920, and the current population is estimated at 424 (2016).

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

Bank History

  • Organized Mar 23, 1914
  • Chartered Mar 27, 1914
  • Succeeded The Ida County Bank of Galva, Iowa
  • Receivership Mar 6, 1928

Official Bank Title(s)

1: The First National Bank of Galva, IA

Bank Note Types Issued

1902 Plain Back $20 bank note with pen signature of Geo. E. Missildine, Cashier and stamped signature of R. B. Clemens, President. Courtesy of Heritage Auctions, www.ha.com

A total of $312,500 in National Bank Notes was issued by this bank between 1914 and 1928. This consisted of a total of 25,000 notes (25,000 large size and no small size notes).

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

Series/Type Sheet/Denoms Serial#s
1902 Date Back 3x10-20 1 - 860
1902 Plain Back 3x10-20 861 - 6250

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1914 - 1928):

Presidents:

  • Geo. W. Johns, 1914-1921
  • Wm. Schmidt, 1922-1922
  • R. B. Clemens, 1923-1927

Cashiers:

  • F. H. Schleiter, 1914-1916
  • J. W. Marmet, 1917-1923
  • Geo. E. Missildine, 1924-1927

Other Bank Note Signers

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

References

  • Galva, IA, Wikipedia, https://en.wikipedia.org/wiki/Galva,_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://bbdata.banknotehistory.com