First National Bank, Belmond, IA (Charter 8748)

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Post card of the First National Bank building ca. 1910. On October 14, 1966, an F5 tornado severely damaged the building and it was subsequently razed. Courtesy of Mark Hotz.

First National Bank, Belmond, IA (Chartered 1907 - Liquidated 1921)

Town History

Second postcard view of the bank building ca. 1907.

Belmond is located in Wright County in north central Iowa.

On October 21, 1881, by a vote of 51 to 47, Belmond became an incorporated town.

During the National Bank Note Era, the population of Belmond was 1,234 in 1900, staying fairly constant with 1,797 in 1920. It's highest population was 2,560 in 2000, and the current population is estimated at 2,296 (2018).

For more information on the town of Belmond, see their Wikipedia page.

Bank History

  • Organized Jun 1, 1907
  • Chartered Jun 17, 1907
  • Conversion of The Iowa Valley State Bank of Belmond
  • Opened for business Jun 18, 1907
  • Liquidated Apr 11, 1921

Official Bank Title(s)

1: The First National Bank of Belmond, IA

Bank Note Types Issued

1902 Red Seal $5 bank note with pen signatures of W. I. Rosecrans, Cashier and T. B. Kaufman, Vice President. Courtesy of Lyn Knight Currency Auctions, www.lynknight.com

A total of $73,750 in National Bank Notes was issued by this bank between 1907 and 1921. This consisted of a total of 9,080 notes (9,080 large size and 0 small size notes).


This bank issued the following Types and Denominations of bank notes:

Series/Type Sheet/Denoms Serial#s
1902 Red Seal 4x5 1 - 250
1902 Red Seal 3x10-20 1 - 200
1902 Date Back 4x5 1 - 775
1902 Date Back 3x10-20 1 - 600
1902 Plain Back 4x5 776 - 1075
1902 Plain Back 3x10-20 601 - 745

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1907 - 1921):

Presidents:

  • G. H. Richardson, 1907-1907
  • T. B. Kaufman, 1908-1908
  • G. H. Richardson, 1909-1913
  • W. I. Rosecrans, 1914-1918
  • A. O. Hauge, 1919-1921

Cashiers:

  • W. I. Rosecrans, 1907-1907
  • Bernard Mennenga, 1908-1918
  • A. S. Lund, 1919-1921

Other Bank Note Signers

  • T. B. Kaufman, Vice President (1907-1907)

References

  • Belmond, IA, Wikipedia, https://en.wikipedia.org/wiki/Belmond,_Iowa
  • 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://bbdata.banknotehistory.com