First National Bank, Kanawha, IA (Charter 9018)

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Photo of the original, wooden, First National Bank building (right) ca. 1909-1915.
Photo of the brick First National Bank building built in 1915.(right) ca. 1920.

First National Bank, Kanawha, IA (Chartered 1908 - Receivership 1933)

Town History

Photo of the First National Bank building in 2009. Courtesy of Google Maps

Kanawha is located in Hancock County in north central Iowa.

Kanawha was platted in 1899. The newly constructed railroad had arrived from Belmond, Iowa. Business' and some buildings moved from settlements three to four miles distant to establish in the new town on the railroad. Those settlements were Cuba, to the north, Magor, to the northwest, Mikesville, to the southwest, Aldrich, to the south (Drew, moved and renamed Bruce, was farther south), West Lake, to the east, and Bailey's Grove to the north east. Kanawha's founder, George Casper Call, petitioned Congressman J.P. Dolliver requesting a post office and proposing the name "Luzon". Luzon was rejected because it was thought to be too close to the name of an existing Iowa, Luzerne in Benton County. Faced with having to find another name, a railroad engineer and West Virginia native, suggested "Kanawha". The name met with approval.

During the National Bank Note Era, the population of Kanawha was 398 in 1910, rising to 609 in 1930. It's highest population was 822 in 1970, and the current population is estimated at 617 (2016).

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

Bank History

  • Organized Dec 14, 1907
  • Chartered Feb 4, 1908
  • Conversion of The State Savings Bank
  • Opened for business Feb 5, 1908
  • Conservatorship Mar 28, 1933
  • Receivership Oct 7, 1933

Official Bank Title(s)

1: The First National Bank of Kanawha, IA

Bank Note Types Issued

1902 Plain Back $10 bank note with pen signatures of F. N. Knudsen, Cashier and (Faded), President. Courtesy of Lyn Knight Currency Auctions, www.lynknight.com
1929 Type 1 $20 bank note with printed signatures of F. N. Knudsen, Cashier and F. L. Bush, President. Courtesy of Lyn Knight Currency Auctions, www.lynknight.com

A total of $322,200 in National Bank Notes was issued by this bank between 1908 and 1933. This consisted of a total of 26,016 notes (22,032 large size and 3,984 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 - 700
1902 Date Back 3x10-20 1 - 1870
1902 Plain Back 3x10-20 1871 - 4808
1929 Type 1 6x10 1 - 548
1929 Type 1 6x20 1 - 116

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1908 - 1933):

Presidents:

  • J. E. Wichman, 1908-1920
  • F. L. Bush, 1921-1932

Cashiers:

  • F. L. Bush, 1908-1920
  • F. N. Knudsen, 1921-1932

Other Bank Note Signers

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

References

  • Kanawha, IA, Wikipedia, https://en.wikipedia.org/wiki/Kanawha,_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
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