First National Bank of the City of Battle Creek, MI (Charter 1205)
First NB of the City of Battle Creek, MI (Chartered 1865 - Liquidated 1885)
Town History
Battle Creek is a city in northwestern Calhoun County, Michigan, at the confluence of the Kalamazoo and Battle Creek rivers. As of the 2020 census, the city had a total population of 52,731. It is the principal city of the Battle Creek metropolitan statistical area, which encompasses all of Calhoun County. In 1860 the population was 3,509, growing to 45,573 by 1930.
Nicknamed "Cereal City", it is best known as the home of WK Kellogg Co. and the founding city of Post Consumer Brands.
Battle Creek had eight National Banks chartered during the Bank Note Era, and seven of those banks issued National Bank Notes.
Title | Charter | Open | Closed | Notes |
---|---|---|---|---|
First National Bank of the City of Battle Creek | 1204 | 1865 | 1885 | Succeeded by Charter 3314 |
The National Bank of Battle Creek | 3314 | 1885 | 1905 | Succeeded by Charter 7589 |
The Old National Bank of Battle Creek | 7589 | 1905 | 1934 | Succeeded by Charter 14185 (no issue) |
The City National Bank of Battle Creek | 11852 | 1920 | 1940 | Absorbed by the Michigan National Bank |
Central National Bank of Battle Creek | 7013 | 1903 | 1933 | Succeeded by Charter 13858 |
The Central National Bank at Battle Creek | 13858 | 1933 | 1947 | Absorbed by the Michigan National Bank |
The Merchants National Bank of Battle Creek | 3896 | 1888 | 1895 | Succeeded by Merchants Savings Bank |
The Security National Bank (no issue) | 14185 | 1934 | 1990 | Merged with Comerica Bank N.A. |
Bank History
- Organized March 28, 1865
- Chartered June 2, 1865
- New bank
- Liquidated March 28, 1885
- Succeeded by 3314 (National Bank, Battle Creek, MI)
In 1851, Loyal C. Kellogg determined that an Exchange Office was needed in Battle Creek and opened his little private bank. This institution weathered 50 years until 1863, then formed into a stock organization and in 1865, incorporated as The First National Bank and reincorporated as required by law as The National Bank of Battle Creek in 1885.[1] The first board of directors in 1865 consisted of L.C. Kellogg, D. Miller, W. Andrus, T. Hart, H.D. Hall, W. Wallace, and W. Brooks.[2]
The First National Bank of Battle creek, Calhoun County, Michigan, was organized with a capital of $100,000. The president was Loyal C. Kellogg, and the cashier was Charles M. Law[sic].[3] The cashier was Charles M. Leon.
In August 1871, the proposed railroad from Battle Creek to Ionia, called the Battle Creek, Ionia & Northern, had the following directors: Hon. V.P. Collier, R. Kingman, T.B. Skinner, and Jno. F. Moulton, Battle Creek; Hon. O. Tower, Wellington C. Page, and Hon. John B. Welch, Ionia; Albert Van Vleck, Palo; and Jacob M. Dickerson, Stanton.[4]
On Thursday, January 31, 1907, Loyal C. Kellogg, prominently identified with Battle Creek's early history, died and his home on Maple Street which had been the home of the Kellogg's for half a century. In 1866 he practically cornered the flour market in the United States. He had grain stored over the entire country, figuring on making a fortune in saving railroad freight by sending his grain East in boats. Navigation failed to open until June and in the meantime the price of wheat went down and Kellogg lost a fortune. In 1852, he was the first buyer in Michigan to pay $1 a bushel for wheat and first in Michigan to pay $1 a pound for wool. However, misfortune marked him and fluctuations in stocks and market values dissipated his large fortune.[5][6]
Official Bank Title
1: The First National Bank of the City of Battle Creek, MI
Bank Note Types Issued
![Original Series $5 proof](https://mywikis-wiki-media.s3.us-central-1.wasabisys.com/banknotehistory/thumb/MI-BattleCreek-Ch1205-5-proof.jpg/659px-MI-BattleCreek-Ch1205-5-proof.jpg)
A total of $302,400 in National Bank Notes was issued by this bank between 1865 and 1885. This consisted of a total of 35,712 notes (35,712 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 Original Series 4x5 1 - 4550 Original Series 3x10-20 1 - 1750 Series 1875 4x5 1 - 250 Series 1875 3x10-20 1 - 2378
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1865 - 1885):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Battle Creek, MI, 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
- ↑ Battle Creek Enquirer, Battle Creek, MI, Mon., Feb. 6, 1905.
- ↑ Battle Creek Enquirer, Battle Creek, MI, Mon., Apr. 14, 1930.
- ↑ The Bankers' Magazine and Statistical Register, Vol. 20, 1865-66, p. 86.
- ↑ Lansing State Journal, Lansing, MI, Thu., Aug. 17, 1871.
- ↑ Battle Creek Enquirer, Battle Creek, MI, Fri., Feb. 1, 1907.
- ↑ The Post-Standard, Syracuse, NY, Fri., Feb. 1, 1907.