First National Bank, Stone Lake, WI (Charter 10322)

Photo of the First National Bank of Stone Lake, Wisconsin, ca1920s. Courtesy of Tom Snyder

First National Bank, Stone Lake, WI (Chartered 1913 - Receivership 1933)

Town History

Photo of the old First National Bank building at Main Street and Gibson Avenue, Stone Lake, Wisconsin, ca2022. Courtesy of Google Maps

Stone Lake is a town in Sawyer County, Wisconsin, located about 127 Miles northeast of Minneapolis, Minnesota and 90 miles north of Eau Claire, Wisconsin. The population was 544 at the 2000 census. The town celebrates an annual cranberry festival which draws thousands to Stone Lake each fall on the first Saturday of October.

Stone Lake had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.

Bank History

• Organized January 24, 1913
• Chartered February 3, 1913
• Conservatorship March 29, 1933
• Receivership December 12, 1933

In December 1912, the Comptroller of the Currency approved the application of the First National Bank of Stone Lake to organize with a capital of $25,000. A charter was issued on February 4, 1913, with George E. Stubins, president, and H.C. Jackson, cashier.

Official Bank Title(s)

1: The First National Bank of Stone Lake, WI

Bank Note Types Issued

1902 Plain Back $5 bank note with pen signatures of J.W. Quinn, Cashier and Lawrence A. Wise, Vice President. Courtesy of Heritage Auctions, www.ha.com

1929 Type 1 $10 bank note with printed signatures of J.W. Quinn, Cashier and Clarence E. Wise, President. The Government Printing Office made the overprinting plate used to produce this note. Courtesy of Lyn Knight Auctions, www.lynknight.com

1929 Type 1 $20 bank note with printed signatures of J.W. Quinn, Cashier and Clarence E. Wise, President. Barnhardt Brothers & Spindler made the overprinting plate used to produce this note. Courtesy of Lyn Knight Auctions, www.lynknight.com

A total of $166,280 in National Bank Notes was issued by this bank between 1913 and 1933. This consisted of a total of 21,231 notes (13,444 large size and 7,787 small size notes).

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

Series/Type	Sheet/Denoms	Serial#s	Sheet Comments
1902 Date Back	4x5	1 - 415
1902 Date Back	3x10-20	1 - 334
1902 Plain Back	4x5	416 - 2062
1902 Plain Back	3x10-20	335 - 1299
1929 Type 1	6x5	1 - 746
1929 Type 1	6x10	1 - 364
1929 Type 1	6x20	1 - 108
1929 Type 2	5	1 - 376
1929 Type 2	10	1 - 103

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1913 - 1933):

Presidents:

• George Edmund Stubbins, 1913-1923
• Clarence E. Wise, 1924-1929
• Lawrence A. Wise, 1929-1929
• Clarence E. Wise, 1929-1933

Cashiers:

• H. C. Jackson, 1913-1913
• George Henry Stubbins, 1914-1923
• James Wilbur Quinn, 1924-1933

Other Bank Note Signers

• Lawrence A. Wise, Vice President (1927...1933)
• There are currently no known Assistant Cashier bank note signers for this bank.

Wiki Links

• Wisconsin Bank Note History
• General information on Stone Lake (Wikipedia)
• General information on Sawyer County (Wikipedia)
• General information on Wisconsin (Wikipedia)

Sources

• Stone Lake, WI, Wikipedia, https://en.wikipedia.org/wiki/Stone_Lake,_Wisconsin
• 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
• Wood County Reporter, Grand Rapids, WI, Thu., Dec. 19, 1912.
• Chicago Tribune, Chicago, IL, Wed., Feb. 5, 1913.