Marshall National Bank, Marshall, TX (Charter 4101)

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Postcard of the Marshall National Bank, ca1920s. The bank was located at 101 E. Austin Street, Marshall, Texas.
Postcard of the Marshall National Bank, ca1920s. The bank was located at 101 E. Austin Street, Marshall, Texas. Courtesy of Heritage Auctions, www.ha.com

Marshall National Bank, Marshall, TX (Chartered 1889 - Failed (Merger) 1989)

Town History

A 1921 advertisement for the Marshall National Bank. Prompt, Dependable, Courteous attention to all banking matters entrusted to us. Your banking business invited.
A 1921 advertisement for the Marshall National Bank.

Marshall is a city in and the county seat of Harrison County, Texas. The city of Marshall is roughly 150 miles east of Dallas, Texas, and 40 miles west of Shreveport, Louisiana. It is a cultural and educational center of the Ark-La-Tex region. At the 2020 U.S. census, the population of Marshall was 23,392 and the population of the Greater Marshall area, comprising all of Harrison County, was 65,631 in 2010.

The city was founded in 1841 as the seat of Harrison County after failed attempts to establish a county seat on the Sabine River. It was incorporated in 1843. The Republic of Texas decided to choose the land donated for the seat by Peter Whetstone and Isaac Van Zandt after Whetstone had proven that the hilly location had a good water source. The city quickly became a major city in Texas because of its position as a transportation gateway; it was on the route of several major stagecoach lines. Later, one of the first railroad lines constructed into Texas ran through it. Marshall and Harrison County were important political and cotton production areas of the Confederate States of America during the American Civil War. The late 19th century until the mid-20th century, Marshall developed as a large railroad center of the Texas and Pacific Railway.

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

Bank History

  • Organized July 23, 1889
  • Chartered August 27, 1889
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Failed. Merged with government financial assistance into The Deposit Insurance Bridge Bank, N.A., Dallas, TX, March 29, 1989

On August 27, 1889, The Marshall National Bank of Marshall, Texas was authorized to commence business with $100,000 capital.

In January 1909, the directors were M.M. Rains, J.H. Taylor, G.P. Rains, W.C. Pierce, and W.L. Martin. The officers were W.C. Pierce, president; M.M. Rains, vice president; W.L. Martin, cashier; and W.C. Pierce, Jr., assistant cashier. The bank had capital of $100,000 and surplus and undivided profits $75,000.

On Tuesday, January 8, 1924, at the meeting of the stockholders of the Marshall National Bank, the following board of directors was elected: M.M. Rains, W.C. Pierce, Jr., W.L. Martin, G.P. Rains and E.B. Hayes. The board elected the following officers: W.L. Martin, president; M.M. Rains, vice president; W.C. Pierce, Jr., cashier; W.D. Rains, assistant cashier; H.D. Aechternacht, assistant cashier.

In January 1929, the directors were M.M. Rains, W.C. Pierce, Jr., G.P. Rains, E.B. Hayes, P.H. Manire, and A. DeLoach Martin. The officers were W.C. Pierce, Jr., President; M.M. Rains, vice president; W.D. Rains, vice president; H.D. Aechternacht, cashier; R.C. Martin, assistant cashier.

In January 1934, the directors were Roy Marcom, M.M. Rains, W.C. Pierce, Jr., G.P. Rains, E.B. Hayes and P.H. Manire. The officers were W.C. Pierce, Jr., President; M.M. Rains, vice president; W.D. Rains, vice president; Roy Marcom, cashier; A.C. Pierce, assistant cashier; R.C. Hargrove, assistant cashier.

In January 1953, the following directors were re-elected: W.C. Pierce, Jr., Roy Marcom, G.A. Walker, William F. Young, G.P. Rains, Warren F. Keys, Jack S. Mann, M.M. Rains, Willard Coker, and G.E. Byrne. Officers expected to be re-elected included Mr. Pierce, chairman of the board; William F. Young, president; Roy Marcom, vice president and cashier; R.R.C. Hargrove, E.H. Young, and R.T. Pugh, vice presidents; and W.B. Huntsberger and George L. Garrett, Jr., assistant cashiers.

In January 1965, the directors were W.F. Young, Roy Marcom, G.A. Walker, G.E. Byrne, Ruben K. Abeny, E.N. Smith, Jr., Jack S. Mann, Willard Coker, Paul Whaley, Warren F. Keys and V.H. Hackney. The officers were V.H. Hackney, president; William Lee Gaw, Jr., executive vice president; Jack S. Mann, inactive senior vice president; R.T. Pugh, senior vice president; W.B. Huntsberger, vice president and cashier; Donna Hill, vice president; George Garrett, assistant vice president; Igenia Ward, assistant cashier; Arthur Britt, auditor; T.J. Chatham, vice president and trust officer; and H.H. Lundy, assistant vice president and assistant trust officer.

On July 5, 1989, Deposit Insurance Bridge Bank, formerly MBank Fort Worth, became Bank One.

Official Bank Title(s)

1: The Marshall National Bank, Marshall, TX

Bank Note Types Issued

1882 Brown Back $10 bank note with pen signatures of W.L. Martin, Cashier and W.C. Pierce, President.
1882 Brown Back $10 bank note with pen signatures of W.L. Martin, Cashier and W.C. Pierce, President. Courtesy of Heritage Auctions, www.ha.com
1902 Plain Back $10 bank note with stamped signatures of W.C. Pierce, Jr., Cashier and W.L. Martin, President.
1902 Plain Back $10 bank note with stamped signatures of W.C. Pierce, Jr., Cashier and W.L. Martin, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $10 bank note with printed signatures of Roy Marcom, Cashier and W.C. Pierce, Jr., President.
1929 Type 1 $10 bank note with printed signatures of Roy Marcom, Cashier and W.C. Pierce, Jr., President. Courtesy of Heritage Auctions, www.ha.com

A total of $1,909,260 in National Bank Notes was issued by this bank between 1889 and 1935. This consisted of a total of 154,313 notes (122,424 large size and 31,889 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 3x10-20 1 - 5813
1902 Date Back 3x10-20 1 - 7600
1902 Plain Back 3x10-20 7601 - 24793
1929 Type 1 6x10 1 - 3406
1929 Type 1 6x20 1 - 810
1929 Type 2 10 1 - 5446
1929 Type 2 20 1 - 1147

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1889 - 1935):

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

  • Marshall, TX, 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
  • Fort Worth Daily Gazette, Fort Worth, TX, Wed., Aug. 28, 1889.
  • The Marshall Messenger, Marshall, TX, Fri., Jan. 8, 1909.
  • The Marshall News Messenger, Marshall, TX, Fri., Apr. 22, 1921.
  • The Marshall News Messenger, Marshall, TX, Wed., Jan. 9, 1924.
  • The Marshall News Messenger, Marshall, TX, Tue., Jan. 8, 1929.
  • The Marshall News Messenger, Marshall, TX, Tue., Jan. 9, 1934.
  • The Marshall News Messenger, Marshall, TX, Wed., Jan. 14, 1953.
  • Longview News-Journal, Longview, TX, Fri., Jan. 1, 1965.
  • Abilene Reporter-News, Abilene, TX, Wed., Sep. 20, 1989.
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