First National Bank, Montezuma, IA (Charter 2961)

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Photo of the First National Bank building ca.1920.

First National Bank, Montezuma, IA (Chartered 1883 - Receivership 1929)

Town History

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

Montezuma is located in Poweshiek County in central Iowa. Montezuma was first established in 1848, when local veterans of the Mexican-American War named our city after Monteuczomah, the last Aztec emperor of Mexico. Once a hub of regional railroad transport, Montezuma has continued to evolve and grow in a variety of ways. Montezuma was also a major stop on the stagecoach line between Iowa City and Des Moines on the original Diamond Trail.

During the National Bank Note Era, the population of Montezuma was 921 in 1880, climbing to 1273 in 1920, and dropping slightly to 1257 in 1930. It's highest population was 1,651 in 1990, and the current population is estimated at 1,424 (2016).


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

Bank History

  • Organized May 21, 1883
  • Chartered May 26, 1883
  • Succeeded Bank of Montezuma
  • Receivership Sep 16, 1929
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded Bank of Montezuma
1902 Plain Back $10 banknote with pen signatures of Arthur Clarence Heath, Cashier and Edward D. Rayburn, President

Official Bank Title(s)

1: The First National Bank of

Bank Note Types Issued

A total of $703,950 in National Bank Notes was issued by this bank between 1883 and 1929. This consisted of a total of 56,341 notes (56,216 large size and 125 small size notes).


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

Series/Type Sheet/Denoms Serial#s
1882 Brown Back 3x10-20 1 - 2580
1902 Red Seal 3x10-20 1 - 2300
1902 Date Back 3x10-20 1 - 2980
1902 Plain Back 3x10-20 2981 - 9174
1929 Type 1 6x10 1 - 21

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1883 - 1929):

Presidents:

  • John Hall, Sr., 1883-1898
  • Thomas Harris, 1899-1901
  • John Hall, Jr. , 1902-1904
  • Charles Robert Clark, 1905-1907
  • Amos F. Rayburn, 1908-1911
  • John H. Porter, 1912-1917
  • Edward D. Rayburn, 1918-1920
  • John Milton Grimes, 1921-1921
  • Edward D. Rayburn, 1922-1928

Cashiers:

  • George Washington Kierulff, 1883-1896
  • John Hall, Jr. , 1897-1901
  • Edward D. Rayburn, 1902-1911
  • Arthur Clarence Heath, 1912-1928

Other Bank Note Signers

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

References

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