First National Bank in Carbondale, IL (Charter 12596)

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Postcard of The First National Bank, ca1920s. This bank started as The First National Bank of Carbondale and was used after the merger with Carbondale Trust and Savings Bank with the new title of First National Bank in Carbondale.
Postcard of The First National Bank, ca1920s. This bank started as The First National Bank of Carbondale and was used after the merger with Carbondale Trust and Savings Bank with the new title of First National Bank in Carbondale. Courtesy of Adam Stroup

First National Bank in Carbondale, IL (Chartered 1924 - Closed (Merger) 2000)

Town History

Carbondale is a city in Jackson and Williamson Counties, Illinois, within the Southern Illinois region informally known as "Little Egypt". The city developed from 1853 because of the stimulation of railroad construction into the area. Today the major roadways of Illinois Route 13 and U.S. Route 51 intersect in the city. The city is 96 miles southeast of St. Louis, Missouri, on the northern edge of the Shawnee National Forest. Carbondale is the home of the main campus of Southern Illinois University (SIU). As of the 2020 census, the city had a population of 25,083, making it the most populous city in Southern Illinois outside the St. Louis Metro-East region.

In August 1853, Daniel Harmon Brush, John Asgill Conner, and Dr. William Richart bought a 360-acre parcel of land between two proposed railroad station sites (Makanda and De Soto) and two county seats (Murphysboro and Marion). Brush named Carbondale for the large deposit of coal in the area. The first train through Carbondale arrived on Independence Day 1854, traveling north on the main line from Cairo, Illinois.

By the time of the American Civil War, Carbondale had developed as a regional center for transportation and business, surrounded by agricultural development. This part of Illinois was known as "Little Egypt" because of the confluence of the Ohio and Mississippi rivers, where the town of Cairo is located.

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

Bank History

  • Organized November 14, 1924
  • Chartered November 17, 1924
  • Absorbed 4904 (First National Bank of Carbondale, IL) on December 9, 1924 while Carbondale Trust & Savings Bank which converted into First National Bank in Carbondale
  • Charter 12596 assumed circulation of charter 4904
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into Old National Bank in Evansville, on October 12, 2000

At the close of business on November 8, 1924, The First National Bank of Carbondale and Carbondale Trust and Savings Bank merged their businesses and organized as First National Bank in Carbondale. The condensed balances included Loans and Discounts of $521,851.67; Bonds and Stocks of $236,128.25; capital of $100,000; and surplus, undivided profits and reserves of $61,978.34 making the new institution the largest capitalized bank in Jackson County. Mr. E.E. Mitchell, W.A. Schwartz, J.E. Mitchell, H.A. Hays, Frank Clements, N.H. Dowdell, and G.H. Harrison were directors of the merged bank. The building of the First National Bank of Carbondale was planned to be remodeled into a modern banking building; however, the bank occupied the building until the rebuilding forced it to move into the quarters of the Carbondale Trust and Savings Bank.

Official Bank Title(s)

1: First National Bank in Carbondale, IL

Bank Note Types Issued

1902 Plain Back $10 bank note with stamped signatures of J.E. Mitchell, Cashier and E.E. Mitchell, President.
1902 Plain Back $10 bank note with stamped signatures of J.E. Mitchell, Cashier and E.E. Mitchell, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $10 bank note with printed signatures of J.E. Mitchell, Cashier and E.E. Mitchell, President. The Government Printing Office (GPO) produced the overprinting plate used to produce this note. The right SN has a non-Curly C.
1929 Type 1 $10 bank note with printed signatures of J.E. Mitchell, Cashier and E.E. Mitchell, President. The Government Printing Office (GPO) produced the overprinting plate used to produce this note. The right SN has a non-Curly C. Courtesy of the NBNCensus.com
1929 Type 1 $10 bank note with printed signatures of J.E. Mitchell, Cashier and E.E. Mitchell, President.
1929 Type 1 $10 bank note with printed signatures of J.E. Mitchell, Cashier and E.E. Mitchell, President. Courtesy of Heritage Auctions, www.ha.com

A total of $601,510 in National Bank Notes was issued by this bank between 1924 and 2000. This consisted of a total of 48,690 notes (25,448 large size and 23,242 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Plain Back 3x10-20 1 - 6362
1929 Type 1 6x10 1 - 2514
1929 Type 1 6x20 1 - 714
1929 Type 2 10 1 - 3059
1929 Type 2 20 1 - 815

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1924 - 2000):

Presidents:

Cashiers:

Other Bank Note Signers

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

Wiki Links

Sources

  • Carbondale, IL, Wikipedia, https://en.wikipedia.org/wiki/Carbondale,_Illinois
  • 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
  • Carbondale Free Press, Carbondale, IL, Mon., Nov. 10, 1924.
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