First National Bank, Le Mars, IA (Charter 2728)

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Postcard of the First National Bank building ca.1916.

First National Bank, Le Mars, IA (Chartered 1882 - Liquidated 1934)

Town History

The First National Bank building as it appeared in 2018. Top two floors were removed in the early 1960s and the building was heavily remodeled. Courtesy of Google Maps.

Le Mars is located in Plymouth County in northwest Iowa.

Le Mars was platted in 1869, but no lots were sold until the Iowa Falls and Sioux City Railroad, later part of the Illinois Central Railroad, arrived in 1870.

Le Mars is the home of Wells Enterprises, Inc., world's largest producer of ice cream novelties in one location and is the "Ice Cream Capital of the World".

During the National Bank Note Era, the population of Le Mars was 4,036 in 1890, staying fairly constant with 4,157 in 1910, and rising slightly to 4,788 in 1930. It's highest and current population is 9,996 (2018).

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

Bank History

  • Organized May 23, 1882
  • Chartered Jun 10, 1882
  • Succeeded Plymouth County Bank
  • Suspended Aug 18, 1893
  • Restored Sep 11, 1893
  • Conservatorship Mar 28, 1933
  • Receivership Oct 31, 1933
  • Restored Aug 27, 1934
  • Liquidated Sep 27, 1934
  • Succeeded by 14253 (First National Bank (No Issue), Le Mars, IA)

Official Bank Title(s)

1: The First National Bank of Le Mars, IA

Bank Note Types Issued

Series 1875 $20 bank note with pen signatures of G. L. Wernli, Cashier and P. F. Dalton, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $10 bank note with printed signatures of R.B. Dalton, Cashier and E.A. Dalton, President

A total of $1,565,410 in National Bank Notes was issued by this bank between 1882 and 1934. This consisted of a total of 134,384 notes (107,564 large size and 26,820 small size notes).

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

Series/Type Sheet/Denoms Serial#s
Series 1875 3x10-20 1 - 4784
1902 Red Seal 3x10-20 1 - 4900
1902 Date Back 3x10-20 1 - 5700
1902 Plain Back 3x10-20 5701 - 17207
1929 Type 1 6x5 1 - 2334
1929 Type 1 6x10 1 - 1758
1929 Type 1 6x20 1 - 378

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1882 - 1934):

Presidents:

  • P. F. Dalton, 1882-1921
  • E. A. Dalton, 1922-1932

Cashiers:

  • J. W. Myers, 1882-1884
  • M. H. Finney, 1885-1888
  • G. L. Wernli, 1889-1901
  • E. A. Dalton, 1902-1921
  • R. B. Dalton, 1922-1932

Other Bank Note Signers

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

References

  • Le Mars, IA, Wikipedia, https://en.wikipedia.org/wiki/Le_Mars,_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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