Preble County National Bank, Eaton, OH (Charter 3889)
Preble County National Bank, Eaton, OH (Chartered 1888 - Closed (Merger) 1993)
Town History
Eaton is a city in, and the county seat of Preble County, Ohio, approximately 24 miles west of Dayton. The population was 8,375 at the 2020 census, down 0.4% from the population of 8,407 at the 2010 census. In 1900, the population was 3,155, growing to 3,347 by 1930.
Eaton was founded and platted in 1806 by William Bruce. The village derives its name from Gen. William Eaton (1764–1811), the U.S. Consul at Tunis, who led a diverse army in a harrowing march from Egypt to Tripoli to meet U.S. Naval forces. In addition to the city of Eaton and the county of Preble, various streets in Eaton (Barron, Decatur, Israel, Wadsworth, and Somers) were named in honor of heroes of the First Barbary War and the Second Barbary War.
In 1822, Cornelius Van Ausdal built a three-story building, possibly the first, building of its kind in the area, at the northwest corner of Main and Barron Streets. This building, used by the Van Ausdal & Co. mercantile business, became the home of the Eaton National Bank.
Eaton had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.
Bank History
- Organized May 10, 1888
- Chartered May 28, 1888
- Succeeded Preble County Bank
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into Star Bank, N.A. in Cincinnati, OH, September 18, 1993
In October 1877, the Preble County Bank at Eaton had Capital, $100,000 and the following directors: H.C. Hiestand, Andrew Hiestand, Josiah Campbell, John P. Acton, Wm. B. Tizzard, and Jocob H. Foos. H.C. Hiestand & Co. advertised its bank of discount & deposit.[1]
In 1882, Mr. Jacob Collet built and moved into the building known as the Collet block, occupied by his own tailor business, grocer of E. Van Skiver, the Preble County Bank and on the side street, his beautiful residence.[2]
In April 1890, Spencer Ortt was the assistant cashier of the Preble County National Bank.[3]
In January 1897, stockholders elected the following directors: Andrew Hiestand, J.W. Acton, A.C. Risinger, R.A. Hiestand, G.W. Kelly, W.H. Ortt, and L.D. Lesh.[4]
In January 1900, the following directors were elected: Andrew Hiestand, L.D. Lesh, J.W. Acton, W.H. Ortt, G.H. Kelly, R.A. Hiestand, and A.C. Risinger. Andrew Hiesand was elected president; L.D. Lesh, vice president; J.W. Acton, cashier; W.H. Ortt, assistant cashier; and A.J. Hiestrand, teller.[5]
In 1906 Miss Anna Clayton was a clerk and sister of Mrs. Henry Hiestand, wife of the assistant cashier. Miss Clayton was the first woman employee of the Preble County National bank, where she worked until 1915.
On Tuesday, January 13, 1914, both the Preble County National and Eaton National banks adopted resolutions accepting membership in the Federal Bank association. The officers elected by the Preble County National Bank were Joseph W. Acton, president, L.D. Lesh, vice president; A.J. Hiestand, cashier; H.C. Hiestand and C.W. Eidson, assistant cashiers; C.W. Sylvester, teller; Miss Anna Clayton, bookkeeper. The directors were G.H. Kelly, R.A. Heistand, J.E. Flora, A.C. Risinger, A.H. Hiestand, L.D. Leah, and J.W. Acton.[6]
In January 1915, the officers were J.W. Acton, president; L.D. Lesh, vice president; A.J. Hiestand, cashier; H.C. Hiestand and C.W. Sylvester, assistant cashiers.[7]
On Tuesday, January 11, 1927, no changed were made in the directorates or officers of the Preble County National Bank. L.D. Lesh was president, R.A. Hiestand, vice president; A.J. Hiestand, cashier; C.W. Eidson, C.W. Sylvester, and Earl Dalrymple, assistant cashiers; W.H. Hiestand, Edmond K. Dye and Antonin D. Alford, tellers. The directors were L.D. Lesh, A.C. Risinger, R.A. Hiestand, A.J. Hiestand, J.E. Flora, C.W. Eidson, and Silas Q. Buriff.[8]
In January 1933, the directors were L.D. Lesh, Judge A.C. Risinger, R.A. Hiestand, C.W. Eidson, J.E. FLora, and S.Q. Buriff. The officers were L.D. Lesh, president; R.A. Hiestand, vice president; A.J. Hiestand, cashier; C.W. Eidson, Earl O. Dalrymple, E.K. Dye, and William Hiestand, assistant cashiers.[9]
On November 19, 1936, Robert A. Hiestand, 66 years old, vice president of the Preble County National Bank and president of the Hiestand Lumber and Planing Mill Co., was killed instantly when struck by a car as he crossed the street in front of his home, returning from a neighbor's. Hiestand graduated from the Eaton High School and from Miami University in 1892 when he received the A.B. degree. Following his graduation, he spent two years in Chicago with the General Electric Co., then returning to Eaton where he married Melissa Gibbons, also of Eaton. Following his return from Chicage, he was head of the Eaton Electric and Ice Manufacturing Co. From this enterpirse, Mr. Hiestand went to the bank where he maintained his connection until his death.[10]
1941 marked the 50th year of banking for A.J. Hiestrand, cashier of the Preble County National Bank. He had been employed there his entire career, dating back to April 19, 1891. On that day, Hiestand, or "Jack" as he has been familiarly known throughout his life, was 18 years old and had just graduated from Eaton high school in a class that had only eight members. It was his father, Henry C. Hiestand, who came to Eaton from Dayton in 1873 and organized the private banking firm of H.C. Hiestand and Company which later became the Preble County Bank. Young Hiestand was urged to join the banking institution's staff by his uncle, the late Joseph W. Acton, who was associated in the bank with the elder Hiestand as cashier. When he became employed by the bank, Jack said there were only two other active employees, his uncle and William H. Ortt, assistant cashier. He was expected to do everything from the duties of the janitor on up to running errands, keeping books and lending money. He particularly remembered one of his tasks, lighting a kerosene lamp each night and placing it on the front counter. It was thought the lamp would make the interior too illuminated for a burglar to do his work.[11]
In March 1984, First National Cincinnati Corp. reached an agreement in principal to purchase the Preble County National Bank with assets of $58 million. The announcement was made jointly by William W. Hiestand, chairman and president of the Preble County National Bank and Oliver W. Waddell, chairman and chief executive officer of First National Cincinnati Corp. The Preble County National operated two offices in Eaton and was the largest bank headquartered in Preble County and had maintained for many years a correspondent banking relationship with First Nation Bank of Cincinnati, anchor bank of First National Cincinnati Corp. The agreement was subject to approval by shareholders and state and federal regulatory authorities.[12] The main office was at Main and Barron, downtown, with a branch at the Northedge Shopping Center.[13] On December 12, 1984, stockholders approved the sale of the Preble County National Bank to The Preble County Bank, a wholly owned subsidiary of First National Cincinnati Corp. Formalities and a waiting period until mid-February were all that remained to complete the sale. William M. Hiestrand said the bank would continue to operate under the same name while additional services would be made available to customers.[14][15]
On Friday, February 15, 1985, The Preble County National Bank officially became the Preble County National Bank of Eaton, joining nine other First National Cincinnati Corp. banking institutions. The bank's board of directors and staff remained the same under the new ownership.[16]
Official Bank Title(s)
1: The Preble County National Bank of Eaton, OH
Bank Note Types Issued
A total of $661,120 in National Bank Notes was issued by this bank between 1888 and 1935. This consisted of a total of 53,032 notes (44,576 large size and 8,456 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 - 3026 1902 Red Seal 3x10-20 1 - 590 1902 Date Back 3x10-20 1 - 3240 1902 Plain Back 3x10-20 3241 - 7528 1929 Type 1 6x10 1 - 782 1929 Type 1 6x20 1 - 266 1929 Type 2 10 1 - 1828 1929 Type 2 20 1 - 340
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1888 - 1935):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Eaton, OH, 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
- ↑ The Eaton Democrat, Eaton, OH, Thu., Oct. 25, 1877.
- ↑ Dayton Daily News, Dayton, OH, Sun., Apr. 12, 1914.
- ↑ Muncie Evening Press, Muncie, IN, Wed., Apr. 23, 1890.
- ↑ The Cincinnati Enquirer, Cincinnati, OH, Sun., Jan. 17, 1897.
- ↑ The Dayton Herald, Dayton, OH, Fri., Jan. 12, 1900.
- ↑ The Richmond Item, Richmond, IN, Thu., Jan. 15, 1914.
- ↑ The Richmond Item, Richmond, IN, Thu., Jan. 14, 1915.
- ↑ The Richmond Item, Richmond, IN, Fri., Jan. 14, 1927.
- ↑ Palladium-Item, Richmond, IN, Thu., Jan. 12, 1933.
- ↑ The Richmond Item, Richmond, IN, Fri., Nov. 20, 1936.
- ↑ The Journal Herald, Dayton, OH, Sun., Aug. 17, 1941.
- ↑ Palladium-Item, Richmond, IN, Wed., Mar. 14, 1984.
- ↑ Palladium-Item, Richmond, IN, Wed., Sep. 12, 1984.
- ↑ Palladium-Item, Richmond, IN, Mon., Dec. 17, 1984.
- ↑ The Register-Herald, Eaton, OH, Wed., Jan. 9, 1985.
- ↑ Palladium-Item, Richmond, IN, Thu., Feb. 21, 1985.