First National Bank, Marshalltown, IA (Charter 411)

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Colorized photo postcard of the First National Bank building ca. 1910.

First National Bank, Marshalltown, IA (Chartered 1864 - Receivership 1928)

Town History

Photo of the First National Bank building after it was struck by an EF-3 tornado on July 19th, 2018. The building was subsequently razed.

Marshalltown is located in Marshall County in central Iowa. Marshalltown was incorporated in 1862. Henry Anson was the first European settler in what is now called Marshalltown. The town became Marshalltown in 1862 because another Marshall already existed in Henry County, Iowa (In 1880, Marshall's name changed to Wayland). With the help of Potawatomi chief Johnny Green, Anson persuaded early settlers to stay in the area. In the mid-1850s, Anson donated land for a county courthouse. Residents donated money for the building's construction. In 1863 the title of county seat transferred from the village of Marietta to Marshalltown.


During the National Bank Note Era, the population of Marshalltown was 981 in 1860, jumping to 11,544 in 1900 and eventually 17,373 by 1930. It's highest population was 27,552 in 2010, and the current population is estimated at 27,068 (2018).


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

Bank History

  • Chartered May 3, 1864
  • Succeeded Woodbury & Abell
  • Assumed 4359 by consolidation May 4, 1908 (City National Bank, Marshalltown, IA)
  • Receivership Jun 11, 1928


Official Bank Title(s)

1: The First National Bank of Marshalltown, IA

Bank Note Types Issued

Original Series $1 bank note with pen signatures of Charles W. Fracker, Cashier and T. B. Abell, Vice President. Courtesy of Lyn Knight Currency Auctions, http://www.lynknight.com
1902 Date Back $50 bank note from the Oat Bin Hoard with pen signatures of James L. Denmead, Cashier and C. C. St. Clair, President. Courtesy of Heritage Auctions, http://www.ha.com

A total of $740,140 in National Bank Notes was issued by this bank between 1864 and 1928. This consisted of a total of 73,088 notes (73,088 large size and 0 small size notes).

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

Series/Type Sheet/Denoms Serial#s
Original Series 3x1-2 1 - 4190
Original Series 4x5 1 - 10450
Series 1875 3x1-2 1 - 500
Series 1875 4x5 1 - 1452
1882 Brown Back 50-100 1 - 902
1902 Red Seal 50-100 1 - 644
1902 Date Back 50-100 1 - 800
1902 Date Back 3x50-100 1 - 450
1902 Plain Back 3x50-100 451 - 507

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1864 - 1928):

Presidents:

  • Greenleaf M. Woodbury, 1864-1872
  • George Glick, 1873-1893
  • J. P. Woodbury, 1894-1906
  • D. T. Denmead, 1907-1910
  • C. C. St. Clair, 1911-1927

Cashiers:

  • Charles W. Fracker, 1864-1869
  • George Glick, 1870-1871
  • Charles W. Fracker, 1872-1876
  • T. J. Fletcher, 1877-1881
  • A. G. Glick, 1882-1890
  • T. J. Fletcher, 1891-1907
  • C. C. St. Clair, 1908-1910
  • James L. Denmead, 1911-1913
  • H. K. Denmead, 1914-1927

Other Bank Note Signers

  • T. B. Abell, Vice President 1864-1872

References

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