National Exchange Bank, Fond du Lac, WI (Charter 13879)

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The National Exchange Bank of Fond du Lac
The National Exchange Bank of Fond du Lac, Wisconsin, located at 130 S Main Street. Courtesy of Google Maps, ca2024

National Exchange Bank (No Issue), Fond du Lac, WI (Chartered 1933 - Open past 1935)

Town History

Postcard of the Commercial National Bank
Postcard of the Commercial National Bank, ca1920s. Courtesy of Heritage Auctions, www.ha.com

Fond du Lac is a city in Fond du Lac County, Wisconsin, and its county seat. It is at the southern end of Lake Winnebago and had a population of 44,678 at the 2020 census. In 1900 the population was 15,110 growing to 26,449 by 1930.

"Fond du Lac" is French for the "bottom of the lake", so named because of its location at the bottom (south end) of Lake Winnebago. The east and west branches of the Fond du Lac River connect in the city and then flow into Lake Winnebago near Lakeside Park.

In 1836, during the Wisconsin Territorial Legislature, John Arndt proposed making Fond du Lac the new capital. The motion failed, and Doty convinced the legislature to choose Madison instead.

Fond du Lac had four National Banks chartered during the Bank Note Era, and three of those banks issued National Bank Notes.

Bank History

The old Commercial National Bank of Fond du Lac
The old Commercial National Bank of Fond du Lac, Wisconsin, located at E 1st Street and South Main Street. Courtesy of Google Maps, ca2024

On Saturday, November 25, 1933, authorization for the opening of the new National Exchange Bank of Fond du Lac to succeed the Commercial National Bank was received from Washington. Senator F. Ryan Duffy who had been urging the administration to permit the opening of the new bank received the authorization by phone yesterday. Underwriters said the Reconstruction Finance Corporation would purchase $250,000 of preferred stock. The capital stock was $500,000 of which $200,000 would be subscribed locally and $50,000 would be surplus.[1]

On Wednesday, August 8, 1973, William A. Sanders, 77, a prominent civic leader and well-known banker, died at St. Agnes Hospital. He was chairman of the board of the National Exchange Bank of Fond du Lac. He joined the staff at the former Commercial National Bank on February 13, 1919, as an assistant cashier. As one of the organizers of the National Exchange Bank, Mr. Sanders was appointed vice president on December 20, 1933. Mr. Sanders was appointed president in 1952, the position he held until his retirement on July 1, 1966, at which time he was appointed chairman of the board. He had served in various banking organizations during his career. He served two terms as president of the Fond du Lac County Bankers' Association and one term as president of Group 3 of the Wisconsin Bankers' Association. Mr. Sanders was also the national bank representative of the American Bankers' Association for the State of Wisconsin. Organizations to which he belonged were the Knights of Columbus, Elks Club and American Legion, holding a lifetime membership in each. He also was a charter member of the Exchange Club and South Hills Club where he served on the first board. Mr. Sanders served as campaign manager for the Community Chest, as the first president of the Fond du Lac Visiting Nurse Association, as president of the Fond du Lac Area Association of Commerce, as member of the board of directors and trustee of the YMCA. He served on the board of directors of Threshermen's Insurance Co. in Fond du Lac and was on the board of trustees at Marian College. Mr. Sanders received the Book of Golden Deeds Award from the Exchange Club and in 1966 received the St. Norbert Alumni Award. Born at West De Pere on July 16, 1896, he was the son of Joseph and Louisa Rupiper Sanders, and attended elementary schools there. He received his master's degree in business administration at St. Norbert College after attending St. Norbert High School. Following graduation Mr. Sanders joined the staff at St. Norbert College where he instructed courses in business administration for four years. After a two-year tour of duty with the U.S. Army where he served in the instruction division, he came to Fond du Lac in February 1919.[2]

The corporate offices of National Exchange Bank are now centered around 130 S. Main St. and known as National Exchange Bank & Trust. The Trust Department opened in 1975 to better serve the expanded financial needs of the area. National Exchange Bank & Trust has built an extensive office network, beginning with the addition of the Mount Calvary office in 1989. Other offices were soon added making National Exchange Bank & Trust a large presence in Southeastern Wisconsin.

  • 12/20/1933 Institution established. Original name: National Exchange Bank of Fond du Lac (FDIC #10044).
  • 02/03/1976 Changed Institution Name to National Exchange Bank and Trust of Fond du Lac.
  • 06/23/1989 Acquired Mount Calvary State Bank (FDIC #12521) in Mount Calvary, WI.
  • 05/01/1994 Changed Institution Name to National Exchange Bank and Trust.
  • 06/01/1994 Acquired State Bank of Cascade (FDIC #15005) in Cascade, WI.
  • 11/01/1995 Acquired Bank of Elkhart Lake (FDIC #10008) in Elkhart Lake, WI.
  • 11/01/1995 Acquired Adell State Bank (FDIC #9531) in Adell, WI.
  • 09/10/2016 Acquired American Bank (FDIC #19838) in Fond Du Lac, WI.
  • 01/24/2020 Acquired NBW BANK (original name The National Bank of Waupun (Charter 7898) (FDIC #5331) in Waupun, WI.
  • 08/29/2021 Main Office moved to 130 S Main St, Fond Du Lac, WI 54935.

Official Bank Title

1: National Exchange Bank of Fond du Lac, WI

Bank Note Types Issued

No National Bank Notes were issued by this bank.

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1933 - 1935):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

  1. ↑ The Oshkosh Northwestern, Oshkosh, WI, Sat., Nov. 25, 1933.
  2. ↑ The Reporter, Fond du Lac, WI, Thu., Aug. 9, 1973.
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