First National Bank, Newton, KS (Charter 2777)

From Bank Note History
Jump to navigation Jump to search
An 1884 Advertisement for the First National Bank of Newton, Kansas. The capital was $50,000 and the Surplus and undivided profits were $20,000. Officers and directors for 1884 are given in the bank history.
An 1884 Advertisement for the First National Bank of Newton, Kansas. The capital was $50,000 and the Surplus and undivided profits were $20,000.

First National Bank, Newton, KS (Chartered 1882 - Closed (Merger) 2019)

Town History

Photo of Intrust Bank on 128 E Broadway Street, Newton, Kansas, ca2021.
Photo of Intrust Bank on 128 E Broadway Street, Newton, Kansas, ca2021. Courtesy of Google Maps

Newton is a city in and the county seat of Harvey County, Kansas. Newton is located 25 miles north of Wichita.

The Atchison, Topeka and Santa Fe Railway extended a main line from Emporia westward to Newton by July 1871. The town soon became an important railroad shipping point of Texas cattle. The city was also founded in 1871 and named after Newton, Massachusetts, home of some of the Santa Fe stockholders.

As of the 2020 census, the population of the city was 18,602. In 1880 the population was 2,601 and by 1930 it was 11,034.

Newton had four National Banks chartered during the Bank Note Era, and all four of those banks issued National Bank Notes.

Bank History

  • Organized August 8, 1882
  • Chartered September 20, 1882
  • Succeeded Newton City Bank
  • Assumed the business of The First State Bank, 1898
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into Intrust Bank, NA in Wichita, KS, November 9, 2019

The Newton City Bank planned to merge into the First National Bank of Newton with a full paid up capital of $50,000. The Newton City Bank was organized in November 1880 with capital paid in of $10,000 and the stockholders continually added to the capital with the view to convert to a national bank. The officers of the City Bank were S. Lehman, president; Hon. S.R. Peters, vice president; and G. W. Holmes, cashier. The directors were T.E. Neal, A.B. Gilbert, F.S. Steinkirchner, S. Lehman, S.R. Peters, and G.W. Holmes.

On September 20, 1882, the comptroller of the Currency, John Jay Knox, authorized the First National Bank to commence the business of banking. The officers were S. Lehman, president; Hon. S.R. Peters, vice president; and A.B. Gilbert, cashier. The directors were S. Lehman, T.E. Neal, Gustave Harder, B. McKee, E.B. Fowler, S.R. Peters, Bernard Regier, M.L. Stewart and A.B. Gilbert.

In 1884, the officers were S. Lehman, president; E.B. Fowler, vice president; and A.B. Gilbert, cashier. The directors were S. Lehman, T.E. Neal, Gustave Harder, B. McKee, E.B. Fowler, S.R. Peters, Bernard Regier, M.L. Stewart and A.B. Gilbert and F.S Steinkirchner.

On December 2, 1898, noticed was given to customers of the First State bank that the business was sold to the First National Bank of Newton, and all deposits would be paid and note due would be collected by the same. C.M Beachy was president and John B. Olinger, cashier of the First State bank. The First National promised persons who had been doing business at the First State bank good treatment and careful attention to wants. The officers of the First National Bank were S. Lehman, president; C.W. Goss, vice president; A.B. Gilbert, cashier; and Theo. Kaestner, assistant cashier.

Official Bank Title(s)

1: The First National Bank of Newton, KS

Bank Note Types Issued

1882 Brown Back $5 bank note with pen signatures of A.B. Gilbert, Cashier and S. Lehman, President.
1882 Brown Back $5 bank note with pen signatures of A.B. Gilbert, Cashier and S. Lehman, President. Courtesy of Lyn Knight Auctions, www.lynknight.com
1902 Plain Back $50 bank note signed by D. McGowan, Cashier and R.C. Stone, Vice-President.
1902 Plain Back $50 bank note signed by D. McGowan, Cashier and R.C. Stone, Vice-President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $50 bank note with printed signatures of D. McGowan, Cashier and P.M. Hoisington, President.
1929 Type 1 $50 bank note with printed signatures of D. McGowan, Cashier and P.M. Hoisington, President. Courtesy of Lyn Knight Auctions, www.lynknight.com

A total of $501,580 in National Bank Notes was issued by this bank between 1882 and 2019. This consisted of a total of 20,258 notes (19,028 large size and 1,230 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 4x5 1 - 3399
1882 Brown Back 50-100 1 - 66
1902 Red Seal 50-100 1 - 462
1902 Date Back 50-100 1 - 380
1902 Date Back 3x50-100 1 - 700
1902 Plain Back 3x50-100 701 - 904
1929 Type 1 6x50 1 - 172
1929 Type 1 6x100 1 - 33

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1882 - 2019):

Presidents:

Cashiers:

Other Known Bank Note Signers

Bank Note History Links

Sources

  • Newton, KS, 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
  • Newton Kansan, Newton, KS, Thu., Nov. 11, 1880.
  • Newton Kansan, Newton, KS, Thu., July 27, 1882.
  • Newton Kansan, Newton, KS, Thu., Sep. 28, 1882.
  • Newton Kansan, Newton, KS, Thu., Oct. 5, 1882.
  • Newton Daily Republican, Newton, KS, Tue., Jan. 11, 1898.
  • The Weekly Republican, Newton, KS, Fri., Dec. 2, 1898.
Retrieved from "https://banknotehistory.mywikis.wiki/w/index.php?title=First_National_Bank,_Newton,_KS_(Charter_2777)&oldid=49180"