First National Bank, Traer, IA (Charter 5135)

Photo of the First National Bank building ca. 1908.

First National Bank, Traer, IA (Chartered 1898 - Liquidated 1934)

Town History

Photo of the First National Bank building in 2016. Courtesy of Google Maps.

Traer is located in Tama County in central Iowa. Traer was incorporated in 1873 following construction of Burlington, Cedar Rapids and Northern Railway through the territory. The city was named for John W. Traer.

During the National Bank Note Era, the population of Traer was 1,458 in 1900, staying fairly constant with 1,417 in 1930. It's highest population was 1,703 in 1980 and 2010, and the current population is estimated at 1,604 (2018).

Traer had 2 National Banks chartered during the Bank Note Era, and 1 issued National Bank Notes.

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

Bank History

• Organized May 3, 1898
• Chartered Aug 30, 1898
• Succeeded Brooks & Moore
• Liquidated Jul 17, 1934
• Succeeded by 14172 (First National Bank (No Issue), Traer, IA)

Bank Note History Wiki links:

• Iowa Bank Note History

Official Bank Title(s)

1: The First National Bank of Traer, IA

Bank Note Types Issued

1882 Brown Back $10 bank note with pen signatures of R. H. Moore, Cashier and O. Gravatt, Vice President. Courtesy of Heritage Auctions, http://www.ha.com

1929 Type 1 $10 bank note with printed signatures of K. P. Moore, Cashier and R. J. Morison, President. Courtesy of Lyn Knight Currency Auctions, http://www.lynknight.com

A total of $1,048,070 in National Bank Notes was issued by this bank between 1898 and 1934. This consisted of a total of 84,410 notes (66,620 large size and 17,790 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 - 1900
1882 Date Back	3x10-20	1 - 2350
1882 Value Back	3x10-20	2351 - 3490
1902 Plain Back	3x10-20	1 - 11265
1929 Type 1	6x10	1 - 2208
1929 Type 1	6x20	1 - 594
1929 Type 2	10	1 - 800
1929 Type 2	20	1 - 178

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1898 - 1934):

Presidents:

• James Wilson, 1898-1906
• L. E. Wood, 1907-1907
• R. H. Moore, 1908-1913
• R. J. Morison, 1914-1933

Cashiers:

• R. H. Moore, 1898-1907
• W. J. Ladd, 1908-1915
• K. P. Moore, 1916-1933

Other Bank Note Signers

• O. Gravatt, Vice President 1900-1905

References

• Traer, IA, Wikipedia, https://en.wikipedia.org/wiki/Traer,_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