First National Bank, Longmont, CO (Charter 3354)
First National Bank, Longmont, CO (Chartered 1885 - Liquidated 1900)
Town History
Longmont is a home rule municipality located in Boulder and Weld counties, Colorado. Its population was 98,885 as of the 2020 U.S. Census. Longmont is located northeast of the county seat of Boulder. Longmont is named after Longs Peak, a prominent mountain named for explorer Stephen H. Long that is clearly visible from Longmont, and "mont", from the French word "montagne" for mountain.
Longmont was founded in 1871 by a group of people from Chicago, Illinois. Originally called the Chicago-Colorado Colony, led by president Robert Collyer, the men sold memberships in the town, purchasing the land necessary for the town hall with the proceeds. As the first planned community in Boulder County, the city streets were laid out in a grid plan within a square mile. The city began to flourish as an agricultural community after the Colorado Central Railroad line arrived northward from Boulder in 1877. During the 1940s, Longmont began to grow beyond these original limits.
In 1925, the Ku Klux Klan gained control of Longmont's City Council in an election. They began construction of a large pork-barrel project, Chimney Rock Dam, above Lyons and marched up and down Main Street in their costumes. In the 1927 election they were voted out of office, and their influence soon declined. Work on Chimney Rock Dam was abandoned as unfeasible, and its foundations are still visible in the St. Vrain River.
In 1955, United Airlines Flight 629 exploded over Longmont, killing 44 passengers and crew.
During the 1960s, the federal government built the Denver Air Route Traffic Control Center in Longmont, and IBM built a manufacturing and development campus near Longmont. Longmont Foods was a turkey processor that once supplied turkey products throughout the United States. For example, turkey hot dogs with the Longmont Foods label were sold throughout the US. In 1950 they constructed a large plant on southern Main St. that received trucks full of live turkeys. The company was eventually purchased by Butterball and then closed 2011. As agriculture waned, more high technology has come to the city, including companies like Seagate and Amgen; Amgen closed its Longmont campus in 2015. In April 2009, the GE Energy Company relocated its control solutions business to the area.
Longmont had four National Banks chartered during the Bank Note Era, First National Bank, Longmont, (Charter 3354), Farmers National Bank, Longmont, (Charter 4653), Longmont National Bank (Charter 7839) and the American National Bank/First NB, Longmont, (Charter 11253) and all four of those banks issued National Bank Notes.
Bank History
- Organized May 9, 1885
- Chartered June 17, 1885
- Liquidated March 15, 1900
On June 17, 1885, the Comptroller of the Currency authorized the First National Bank of Longmont, Colorado, to begin business with capital of $50,000.[1]
In May 1888, Bert Smith, formerly with the Bank of Longmont, was visiting friends in Fort Collins. He was the assistant superintendent of the Electric Co. at Laramie City.The Fort Collins Express and The Fort Collins Review, Fort Collins, CO, Sat., May 26, 1888.
In March 1900, the First National Bank of Longmont went into voluntary liquidation by resolution of its stockholders.St. Louis Globe-Democrat, St. Louis, MO, Tue., Mar. 27, 1900.
Official Bank Title(s)
1: The First National Bank of Longmont, CO
Bank Note Types Issued
A total of $50,000 in National Bank Notes was issued by this bank between 1885 and 1900. This consisted of a total of 4,000 notes (4,000 large size and No small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1882 Brown Back 3x10-20 1 - 1000
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1885 - 1900):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Longmont, CO, on Wikipedia
- 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://spmc.org/bank-note-history-project
- ↑ The Topeka Daily Capital, Topeka, KS, Thu., June 18, 1885.