First National Bank of Carbondale, IL (Charter 4904)

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The First National Bank of Carbondale, Illinois, ca1920s.
The First National Bank of Carbondale, Illinois, ca1920s. Courtesy of Adam Stroup

First National Bank of Carbondale, IL (Chartered 1893 - Liquidated 1924)

Town History

This could be recent photo of the bank or another postcard. (Set Height x300px)

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 April 15, 1893
  • Chartered May 25, 1893
  • Liquidated December 9, 1924
  • Absorbed by Carbondale Trust & Savings Bank which converted into 12596
  • Circulation assumed by 12596 (First National Bank in Carbondale, IL)

At the close of business on November 8, 1924, The First National Bank of Carbondale and Carbondale Trust and Savings Bank merged their business 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: The First National Bank of Carbondale, IL

Bank Note Types Issued

1882 Date Back $20 bank note with stamped signatures of E.E. Mitchell, Cashier and Wm. A. Schwartz, President.
1882 Date Back $20 bank note with stamped signatures of E.E. Mitchell, Cashier and Wm. A. Schwartz, President. Courtesy of Heritage Auctions, www.ha.com

A total of $709,430 in National Bank Notes was issued by this bank between 1893 and 1924. This consisted of a total of 93,220 notes (93,220 large size and No 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 - 6325
1882 Brown Back 3x10-20 1 - 2260
1882 Date Back 4x5 1 - 2129
1882 Date Back 3x10-20 1 - 1564
1902 Date Back 4x5 1 - 1400
1902 Date Back 3x10-20 1 - 1100
1902 Plain Back 4x5 1401 - 6740
1902 Plain Back 3x10-20 1101 - 4287

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1893 - 1924):

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

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