The First National Bank of Berlin, WI (Charter 4620)
The First National Bank of Berlin, WI (Chartered 1891 - Open past 1935)
Town History
Berlin is a city in Green Lake and Waushara counties in the U.S. state of Wisconsin. The population was 5,524 at the 2010 census. Of this, 5,435 were in Green Lake County, and only 89 were in Waushara County. The city is located mostly within the Town of Berlin in Green Lake County, with a small portion extending into the Town of Aurora in Waushara County.
In 1845, Nathan H. Strong (1813–1852) became the first resident of what is today Berlin. He was joined by Hugh G. Martin, Hiram Barnes, and William Dickey. Their settlement was known as Strong's Landing. In 1848 a post office was established. It was named Berlin after the capital of Prussia, now the capital of Germany. The first school house was built in 1850 and the first church in 1851. Berlin was incorporated as a city in 1857.
Berlin had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes. Berlin also had one Obsolete Bank that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).
Bank History
- Organized August 18, 1891
- Chartered August 26, 1891
- Succeeded Sacket & Fitch
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Changed name Fortifi Bank to on December 31, 2017
- Still in business as Fortifi Bank, Berlin, WI (August 2022)
On the evening of August 18, 1891, it was decided to organize the Sackett & Fitch bank into a national bank to be known as the First National Bank of Berlin. George B. Sackett was the president, George Fitch, vice president, and Robert A. Christie, cashier. The directors were Charles Schreiber of Oshkosh; S.W. Smith of Green Lake; and Hiram Stedman, J. Turner, F.B. Talcott, CC. Wellinsgard, Lute Carter, George B. Sacket, and George Fitch. The capital was $50,000. Another banking house to be known as the Berlin National Bank was being organized by John W. Brown, formerly of Portage. Associated with him were James H. Foster, Capt. Daniel Evans, J.L. Bellis, B.F. Clark and other men of local and state reputation.
In June 1894, George Fitch was elected president to succeed the late George Sackett.
On March 30, 1896, ex-Senator George Fitch died at an early hour. He was born on November 3, 1845 in Glen Falls, New York and lived in New York City from 1860 to 1871, when he came to Wisconsin and settled in Berlin. For several years he was cashier of the Mather bank, but in 1876 he, with George B. Sackett and others, organized the banking firm of Geo. B. Sackett, Fitch & Co. During his 25 years of residence in Berlin, Mr. Fitch was connected with the business and political affairs of Berlin and Green Lake County. He had interests in lumbering projects and cranberry marshes. In 1885 he was elected Mayor of Berlin and the following year he was chosen state senator. A few weeks before his death he was elected a delegate to the national Republican convention at St. Louis.
On Thursday, May 27, 1897, at a meeting of the directors, the contract for the building of the new bank block was awarded to Brown & Seifert of Oshkosh. When the contract was let the directors made the request that Berlin labor be employed, and Berlin material purchased as much as possible. The contractors agreed to this. Other contractors who had bids included: Rhymer & Kitz, Oshkosh; Meyer & Domke, Oshkosh; Faber & Hanley, Oshkosh; Asa Rogers and Julius Ceman of Berlin. The amount of the successful bid was not made public. There were between twenty and thirty bids for furnishing materials and doing part of the work. The contract specified that the building had to be completed by September 10th. Monday morning work began with excavating for the foundation walls. The vault would be built first.
In November 1915, the directors elected Charles S. Morris, vice president to fill the vacancy caused by the death of T.H. Rumsey who was killed recently in an automobile accident.
On October 3, 1929, The First National Bank, largest in Green Lake County, was joined with the First Wisconsin banking group of Milwaukee. The Berlin institution had resources of approximately $2,400,000, bringing the total resources of the First Wisconsin group to $270,306,000.
On November 15, 1938, W.N. Crawford, president of the First National Bank of Berlin, announced that his bank would take over the Berlin State Bank on November 30th, with the merged institutions continuing business under the name of the First National. Directors of both banks approved the merger. The combined deposits were given as $2,336,000 and total resources, $2,652,000. The First National joined the Wisconsin Bankshares Group in 1929 while the State bank, organized in 1905, became a member of the Northwest Bancorporation, also in 1929.
Official Bank Title(s)
1: The First National Bank of Berlin, WI
Bank Note Types Issued
A total of $497,570 in National Bank Notes was issued by this bank between 1891 and 1935. This consisted of a total of 49,086 notes (35,308 large size and 13,778 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 - 3475 1882 Brown Back 3x10-20 1 - 1160 1882 Date Back 4x5 1 - 253 1882 Date Back 3x10-20 1 - 196 1902 Date Back 3x10-20 1 - 1200 1902 DB/PB 3x10-20 1201 - 1400 Type uncertain 1902 Plain Back 3x10-20 1401 - 3743 1929 Type 1 6x10 1 - 1636 1929 Type 1 6x20 1 - 454 1929 Type 2 10 1 - 934 1929 Type 2 20 1 - 304
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1891 - 1936):
Presidents:
- George Beckwith Sacket, 1891-1893
- George Fitch, 1894-1895
- Joseph Hicks Porter, 1896-1910
- Robert A. Christie, 1911-1918
- William Nelson Crawford, 1919-1935
Cashiers:
Other Bank Note Signers
- Tunis H. "Teddy" Rumsey, Vice President 1897...1915
- James Andrew Whalen, Assistant Cashier 1921...1922
- Robert G. Lannin, Assistant Cashier 1922-1935 Signature
Wiki Links
- Wisconsin Bank Note History
- General information on Berlin (Wikipedia)
- General information on Green Lake County (Wikipedia)
- General information on Wisconsin (Wikipedia)
Sources
- Berlin, WI, 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 Oshkosh Northwestern, Oshkosh, WI, Wed., Aug. 19, 1891.
- The Oshkosh Northwestern, Oshkosh, WI, Thu., Aug. 20, 1891.
- Portage Daily Democrat, Portage, WI, Fri., Aug. 21, 1891.
- Portage Daily Democrat, Portage, WI, Thu., June 14, 1894.
- The Oshkosh Northwestern, Oshkosh, WI, Mon., Mar. 30, 1896.
- The Oshkosh Northwestern, Oshkosh, WI, Tue., June 1, 1897.
- The Oshkosh Northwestern, Oshkosh, WI, Mon., Nov. 22, 1915.
- Wausau Daily Herald, Wausau, WI, Thu., Oct 3, 1929.
- Stevens Point Journal, Stevens Point, WI., Tue., Nov. 15, 1938.