Southern Illinois NB, East Saint Louis, IL (Charter 5070)

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A 1922 advertisement for the Southern Illinois National Bank and the Southern Illinois Trust Company on Broadway, East St. Louis, Illinois.[1]

Southern Illinois NB, East Saint Louis, IL (Chartered 1897 - Closed (Merger) 1998)

Town History

East St. Louis is a city in St. Clair County, Illinois. It is directly across the Mississippi River from downtown St. Louis, Missouri, and the Gateway Arch National Park. East St. Louis is in the Metro East region of Southern Illinois. Once a bustling industrial center, like many cities in the Rust Belt, East St. Louis was severely affected by the loss of jobs due to the flight of the population to the suburbs during the riots of the late 1960s. In 1950, East St. Louis was the fourth-largest city in Illinois when its population peaked at 82,366. As of the 2020 census, the city had a population of 18,469, less than one-quarter of the 1950 census and a decline of almost one third since 2010. In 1890 the population was 15,169, growing to 29,734 by 1900.

East Saint Louis had seven National Banks chartered during the Bank Note Era, and six issued National Bank Notes.

Bank History

  • Organized May 17, 1897
  • Chartered May 25, 1897
  • Succeeded Workingmens Banking Co.
  • Assumed East Saint Louis Trust and Savings Bank in 1904
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into Mercantile Bank NA in St. Louis, MO, September 18, 1998

On May 25, 1897, the Workingmen's Banking Company of East St. Louis, Illinois, converted into a national bank under the title of the Southern Illinois National Bank of East St. Louis, with a capital of $100,000.[2] Two banks in East St. Louis were competing to become the depository of the Internal Revenue office which would move from Cairo to East St. Louis. The receipts of the office were over $1,000,000 annually and the business therefore worth fighting for. The Workingmen's Bank changed into the Southern Illinois National Bank in order that it might become a competitor, as only a national bank could be selected as the depository. Commissioner of Internal Revenue Forman would have the say as to which bank to choose.[3]

On Tuesday, June 1, the Southern Illinois National Bank officially opened up for business under its new name. The bank had been in existence as the Workingmen's Bank for a quarter of a century. The president was Benhard Yoch and the cashier, Anthony Isch.[4] On June 11, Secretary Gage decided to make the Southern Illinois Bank of East St. Louis the depository for the funds of the internal revenue office for the Southern District of Illinois. Henry D. Sexton, representing the Southern Illinois National and Thomas L. Fekete, representing the First National Bank of Eat St. Louis, had both been in Washington to present the claims of the respective institutions to Secretary Gage.[5] Col. H.D. Sexton, vice president of the new Southern Illinois National Bank said he had the matter "cinched" before the other fellows entered the contest. Col. Sexton said, "We shall soon increase the capital stock of our bank and will proceed to the erection of a new building. The collections at the East St. Louis Internal Revenue office will aggregate $1,000,000 annually, but the agency is not allowed to have more than $50,000 on hand at any time." There was much speculation as to who would succeed Collector W.K. Murphy at East St. Louis when his term expired in August. Gen. W.W. Powell and State Senator Willoughby, both of Belleville, were seeking the appointment. Gen. Powell was a personal friend of President McKinley, the President having belonged to Powell's command during the Civil War.[6]

In May 1898, Henry D. Sexton closed a contract with Mr. F.B. Bowman for the Adele building, corner of Main Street and Broadway, and the Southern Illinois National Bank would move from its quarters on Third Street immediately. The bank occupied the building on third Street since its erection in 1873, but the quarters became cramped and it was believed that the business center had shifted somewhat.[7] 

On Tuesday, January 9, 1900, at a meeting of the stockholders of the Southern Illinois Banking Company, the following board of directors was selected:  H.D. Sexton, Edmund Wallace, M. Martell, A. Isch, J. Wies, Henry Roewe, and H.W. Hempe.[8]

On Tuesday, January 13, 1903, the stockholders elected the following directors: Henry D. Sexton, M. Martell, Anthony Isch, Henry W. Hempe, John J. Wies, Edmund Wallace and Henry Roewe.[9]

In July 1904, the directors of the Southern Illinois National Bank of East St. Louis decided to take over the deposits of the East St. Louis Trust and Savings Bank which amounted to $320,000. The national bank purchased 2,000 of the 2,500 shares, valued at $562,500 of the East St. Louis Trust & Savings Bank.[10]

In January 1922, G.A. Miller, president, and Sidney W. Ring, assistant cashier of the Southern Illinois National Bank resigned in order to accept the presidency and the cashiership, respectively, of a new bank which would open in the quarters occupied by the Union Trust Company. The new national bank, The Security National Bank of East Saint Louis, would have capital of $250,000 and a cash surplus of $50,000. Miller was a brother of Edward E. Miller, state treasurer of Illinois who, with Joseph Lumaghi, Wm. E. Wheeler and others were engaged in organizing the new bank. Miller had been connected with the Southern Illinois National Bank for 27 years. Ring had been with it 17 years and was a member of the East St. Louis Board of Education and was state treasurer of the Knights of Columbus.[11]

In January 1923, C. Reeb was re-elected president along with Paul S. Abt, Fred Giessig, H.H. Jost, vice presidents; J.A. Harszy, cashier; S.D. barber, assistant cashier; P.J. Ward, Stephen D. Sexton, Fred. Hottes, A.J. Nulsen, Joseph Nester, Joseph Nebel, Fred Lehman, D.A.C. Housh, Curtis S. Dodson, Henry J. Buerki, W.H. Hill, Henry Albrecth, Paul S. Abt, C. Reeb, Fred Giessing, directors. The same directorate was chose to serve for the Southern Illinois Trust Company. The officers of the later institution were C. Reeb, president; Pauls S. Abt, Judge B.H. Canby, S.D. Section, vice presidents; and W.J. Stailey, secretary and treasurer.[12]

  • 03/03/1975 Main Office moved to 6701 North Illinois Street, Fairview Heights, IL 62208.
  • 05/15/1978 Changed Institution Name to Southern Illinois Bank.
  • 08/05/1985 Changed Institution Name to Central Bank - Fairview Heights.
  • 04/01/1988 Changed Institution Name to Central Bank.
  • 04/01/1988 Acquired Central Bank-Granite City (FDIC #11728) in Granite City, IL.
  • 10/28/1991 Acquired United Illinois Bank of New Athens (FDIC #11737) in New Athens, IL.
  • 03/22/1994 Acquired The First National Bank of Highland (FDIC #3802) in Highland, IL.
  • 09/21/1995 Acquired United Illinois Bank of Southern Illinois (FDIC #22223) in Benton, IL.
  • 09/18/1998 Merged and became part of Mercantile Bank National Association (FDIC #13066) in St. Louis, MO.
  • 12/12/1998 Merged and became part of Mercantile Bank of St. Louis National Association (FDIC #1061) in St. Louis, MO.
  • 10/22/1999 Merged and became part of Mercantile Bank National Association FDIC #(4573) in Saint Louis, MO.
  • 03/10/2000 Changed Institution Name to Firstar Bank Missouri, National Association.
  • 08/11/2000 Merged and became part of Firstar Bank, National Association (FDIC #6548) in Cincinnati, OH.
  • 08/09/2001 Changed Institution Name to U.S. Bank National Association.

Official Bank Title

1: The Southern Illinois National Bank of East St. Louis, IL

Bank Note Types Issued

1882 Brown Back $20 bank note with pen signatures of Anthony Isch, Cashier and H.D. Sexton, Vice President. Courtesy of Heritage Auctions, www.ha.com
1882 Brown Back $10 bank note with stamped signatures of G.A. Miller, Cashier and H.D. Sexton, President. Courtesy of Heritage Auctions, www.ha.com
1902 Plain Back $20 bank note with stamped signatures of H.H. Jost, Cashier and C. Reib, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 2 $10 bank note with printed signatures of J.A. Harszy, Cashier and Paul S. Abt, President. Courtesy of Heritage Auctions, www.ha.com

A total of $2,552,860 in National Bank Notes was issued by this bank between 1897 and 1935. This consisted of a total of 205,118 notes (167,944 large size and 37,174 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 - 7600
1882 Date Back 3x10-20 1 - 11000
1882 Value Back 3x10-20 11001 - 12090
1902 Plain Back 3x10-20 1 - 22296
1929 Type 1 6x10 1 - 4130
1929 Type 1 6x20 1 - 1172
1929 Type 2 10 1 - 4212
1929 Type 2 20 1 - 1150

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1897 - 1935):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

  • East Saint Louis, IL, 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
  1. ↑ The Messenger, Belleville, IL, Fri., Mar. 3, 1922.
  2. ↑ St. Louis Globe-Democrat, St. Louis, MO, Tue., May 18, 1897.
  3. ↑ St. Louis Globe-Democrat, St. Louis, MO, Sat., May 22, 1897.
  4. ↑ St. Louis Globe-Democrat, St. Louis, MO, Wed., June 2, 1897.
  5. ↑ Chicago Tribune, Chicago, IL, Sat., June 12, 1897.
  6. ↑ St. Louis Post-Dispatch, St. Louis, MO, Sat., June 12, 1897.
  7. ↑ St. Louis Globe-Democrat, St. Louis, MO, Sat., May 14, 1898.
  8. ↑ St. Louis Globe-Democrat, St. Louis, MO, Wed., Jan. 10, 1900.
  9. ↑ Belleville Daily Advocate, Belleville, IL, Wed., Jan. 14, 1903.
  10. ↑ Boston Evening Transcript, Boston, MA, Fri., July 15, 1904.
  11. ↑ St. Louis Globe-Democrat, St. Louis, MO, Wed., Jan. 25, 1922.
  12. ↑ The Messenger, Belleville, IL, Fri., Jan. 12, 1923.
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