First National Bank, Preston, IA (Charter 8273)

From Bank Note History
Jump to navigation Jump to search
Photo of the First National Bank building (second from right) ca.1910s.

First National Bank, Preston, IA (Chartered 1906 - Liquidated 1931)

Town History

Photo of the First National Bank building (second from right, behind van) 2017

Preston is located in Jackson County in east central Iowa.

Preston had its start in the year 1870 by the building of the railroad through that territory.

Preston is named for one of its founders, I. M. Preston. Those present at the time of the town's platting were allowed to name Preston's streets after themselves.

During the National Bank Note Era, the population of Preston was 593 in 1900, staying fairly constant with 596 in 1930. It's highest population was 1,120 in 1980, and the current population is estimated at 963 (2018).

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

Bank History

  • Organized Jun 7, 1906
  • Chartered Jun 20, 1906
  • Opened for business Jun 21, 1906
  • Liquidated Aug 25, 1931
  • Succeeded by United Bank and Trust Company, Preston

Official Bank Title(s)

1: The First National Bank of Preston, IA

Bank Note Types Issued

1902 Plain Back $10 banknote with pen signatures of J. W. Campbell, Cashier and W. F. Schroeder, President
1929 Type 1 $20 banknote with engraved signatures of C. B. Johnson, Cashier and W. F. Schroeder, President

A total of $318,330 in National Bank Notes was issued by this bank between 1906 and 1931. This consisted of a total of 40,122 notes (35,784 large size and 4,338 small size notes).


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

Series/Type Sheet/Denoms Serial#s
1902 Red Seal 4x5 1 - 200
1902 Red Seal 3x10-20 1 - 160
1902 Date Back 4x5 1 - 1725
1902 Date Back 3x10-20 1 - 1260
1902 Plain Back 4x5 1726 - 5202
1902 Plain Back 3x10-20 1261 - 3384
1929 Type 1 6x5 1 - 457
1929 Type 1 6x10 1 - 209
1929 Type 1 6x20 1 - 57

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1906 - 1931):

Presidents:

  • A. L. Bartholomew, 1906-1914
  • Hugh Jenkins, 1915-1925
  • W. F. Schroeder, 1926-1930

Cashiers:

  • Hellen M. Beckwith, 1906-1912
  • Frederika Paulsen, 1913-1915
  • W. F. Schroeder, 1916-1925
  • J. W. Campbell, 1926-1928
  • C. B. Johnson, 1929-1930

Other Bank Note Signers

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

References

  • Preston, IA, Wikipedia, https://en.wikipedia.org/wiki/Preston,_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
Retrieved from "https://banknotehistory.mywikis.wiki/w/index.php?title=First_National_Bank,_Preston,_IA_(Charter_8273)&oldid=7254"