Commercial National Bank of Sherman, TX (Charter 5864)

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Postcard of Travis Street, north of the Plaza, Sherman, Texas.  The Commercial National Bank is on the left and George Murphy's dry good store is on the right.  Back is postmarked December 5, 1904, Sherman, TX. Courtesy of Adam Stroup

Commercial National Bank of Sherman, TX (Chartered 1901 - Liquidated 1911)

Town History

Sherman is a city in and the county seat of Grayson County, Texas. The city's population in 2020 was 43,645. It is one of the two principal cities in the Sherman–Denison metropolitan statistical area, and is the largest city in the Texoma region of North Texas and southern Oklahoma. In 1880 the population was 6,093, growing to 15,713 by 1930.

Sherman was named after General Sidney Sherman (July 23, 1805 – August 1, 1873), a hero of the Texas Revolution. The community was designated as the county seat by the act of the Texas Legislature, which created Grayson County on March 17, 1846. In 1847, a post office began operation. Sherman was originally located at the center of the county, but in 1848, it was moved about 3 miles east to its current location.

Sherman had four National Banks chartered during the Bank Note Era, The Merchants and Planters National Bank (Charter 3159), The Grayson County National Bank (Charter 5192), The Commercial National Bank (Charter 5864), and The Commercial National Bank (Charter 10607), and all four of those banks issued National Bank Notes. Two of the banks had the exact same title and essentially the same officers.

Bank History

In April 1901, the comptroller of the currency approved the application of F.Z. Edwards, W.R. Brents, J.B. Carter, J.A.L. Wolfe, W.T. Harris and B.H. Zauk to organize the Commercial National Bank of Sherman, Texas, with a capital of $100,000. Judge Wolfe was at one time county judge of Collin County. W.T. (Tom) Harris was born and raised in McKinney,[1] and was known throughout the South as a traveling salesman for the White Branch Shelton Hat Company of St. Louis, Missouri.[2]

In January 1903, the directors elected were B.H. Zauk, W.M. Robertson, C.J. Haydon, W.T. Harris, J.A.L. Wolfe, W.R. Brentz, F.Z. Edwards. The officers elected were W.R. Brentz, president; B.H. Zauk, vice president; and F.Z. Edwards, cashier.[3]

On Tuesday, January 9, 1906, the following directors were elected: W.R. Brentz, B.H. Zauk, C.J. Haydon, J.A.L. Wolfe, W.M. Robertson, W.T. Harris, and F.Z. Edwards. The officers elected were W.R. Brents, president; B.H. Zauk and W.P. Head, vice presidents; F.Z. Edwards, cashier; and R.G. Hall, assistant cashier.[4]

In January 1911, the Sherman banks elected officers for the ensuing year as follows: Commercial National Bank--W.R. Brents, president; B.R. Zauk, vice president; F.Z. Edwards, cashier; W.L. Brown, assistant cashier; W.R. Brents, F.Z. Edwards, B.H. Zauk, Judge J.A.L. Wolfe, D.A. Harrell, and Dr. G.S. Ellis, directors. Continental State Bank--J.G. Wilkinson, president; J.L. Bradley and H.L. Sheehey, vice presidents; C.A. Sanford, cashier; B.B. Wilbanks, assistant cashier; J.L. Bradley, H.F. Griffin, H.L. Sheehey, W.A. Vinson, J.G. Wilkinson, and C.A. Sanford, directors.[5]

On February 8, 1909, The Continental State Bank, a branch of the Fort Worth Continental Bank, took over the business of the Sherman branch Continental Bank and Trust Company, becoming a separate institution.[6]

On February 6, 1911, J.K. Wood, one of the state bank examiners, reported that the new Commercial State Bank of Sherman had been opened under his supervision and was ready for business. This bank was recently consolidated with the old Continental State Bank and Commercial National Bank of Sherman, Charter 5864. The new state bank had a capital stock of $200,000.[7] In July 1911, S.W. Hoel of Dallas, construction superintendent for the Standard Construction Company of Dallas, arrived in Sherman to take charge of the work of building the new three-story bank and office building for the Commercial State bank, corner of Travis and Houston Streets. The work of excavating the foundation was almost complete.[8]

Official Bank Title

1: The Commercial National Bank of Sherman, TX

Bank Note Types Issued

1882 Brown Back $20 bank note with pen signatures of R.G. Hall, Assistant Cashier and W.R. Brents, President. Courtesy of Heritage Auctions, www.ha.com

A total of $306,350 in National Bank Notes was issued by this bank between 1901 and 1911. This consisted of a total of 24,508 notes (24,508 large size and No 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 - 4800
1882 Date Back 3x10-20 1 - 1327

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1901 - 1911):

Presidents:

Cashiers:

Other Known Bank Note Signers

Bank Note History Links

Sources

  • Sherman, TX, 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. ↑ McKinney Weekly Democrat-Gazette, McKinney, TX, Thu., Apr. 18, 1900.
  2. ↑ The Courier-Gazette, McKinney, TX, Wed., Aug. 26, 1914.
  3. ↑ The Houston Post, Houston, TX, Wed., Jan. 14, 1903.
  4. ↑ The Fort Worth Record and Register, Fort Worth, TX, Thu., Jan. 11, 1906.
  5. ↑ The Fort Worth Record and Register, Fort Worth, TX, Sat., Jan. 14, 1911.
  6. ↑ Fort Worth Star-Telegram, Fort Worth, TX, Mon., Feb. 8, 1909.
  7. ↑ Austin American-Statesman, Austin, TX, Tue., Feb. 7, 1911.
  8. ↑ The Fort Worth Record and Register, Fort Worth, TX, Thu., July 6, 1911.
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