North Texas National Bank, Dallas, TX (Charter 12736)

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NEEDED: a contemporary postcard or photo of the bank.
The North Texas National Bank was located on the first floor of the Magnolia Building in downtown Dallas. Courtesy of Frank Clark.

North Texas National Bank, Dallas, TX (Chartered 1925 - Closed 1929)

Town History

Dallas is the most populous city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and seat of Dallas County in the U.S. state of Texas with portions extending into Collin, Denton, Kaufman and Rockwall counties. With a 2020 census population of 1,304,379, it is the ninth most-populous city in the U.S. and the third-largest in Texas after Houston and San Antonio. In 1880 the population was 10,358, increasing to 269,475 by 1930.

Located in the North Texas region, the city of Dallas is the main core of the largest metropolitan area in the southern United States and the largest inland metropolitan area in the U.S. that lacks any navigable link to the sea. The cities of Dallas and nearby Fort Worth were initially developed due to the construction of major railroad lines through the area allowing access to cotton, cattle and later oil in North and East Texas. The construction of the Interstate Highway System reinforced Dallas's prominence as a transportation hub, with four major interstate highways converging in the city and a fifth interstate loop around it. Dallas then developed as a strong industrial and financial center and a major inland port, due to the convergence of major railroad lines, interstate highways and the construction of Dallas/Fort Worth International Airport, one of the largest and busiest airports in the world.

Dallas had 28 National Banks chartered during the Bank Note Era, and 27 of those banks issued National Bank Notes.

Bank History

On May 16, 1925, a charter was issued to the North Texas National Bank in Dallas, with capital of $1,000,000. Everett S. Owens was president and Stanley L. Longmoore was cashier. The North Texas National had taken over all assets and assumed all liabilities of the Southwest National Bank and would occupy the former Southwest National quarters in the Magnolia Building.

In May 1926, officers were Everett S. Owens, President; Chas. S. Mitchell, vice president; Stanley A. Longmoor, vice president and cashier; J.W. Royall, vice president; Edward H. Cary, vice president; W.B. Head, vice president; J.W. Massie, D.W. Forbes, and E.L. Premill, assistant cashiers; and J.L. Crosthwaite, auditor. The bank had total assets of $10,973,781.31.

Official Bank Title(s)

1: North Texas National Bank in Dallas, TX

Bank Note Types Issued

1902 Plain Back $50 bank note with engraved signatures of S.A. Longmoor, Cashier and Everett S. Owens, President.
1902 Plain Back $50 bank note with engraved signatures of S.A. Longmoor, Cashier and Everett S. Owens, President. Courtesy of Heritage Auctions, www.ha.com
1902 Plain Back $20 bank note with engraved signatures of D.W. Forbes, Cashier and Everett S. Owens, President.
1902 Plain Back $20 bank note with engraved signatures of D.W. Forbes, Cashier and Everett S. Owens, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $50 bank note with printed signatures of D.W. Forbes, Cashier and Everett S. Owens, President.
1929 Type 1 $50 bank note with printed signatures of D.W. Forbes, Cashier and Everett S. Owens, President. Courtesy of Heritage Auctions, www.ha.com

A total of $3,311,030 in National Bank Notes was issued by this bank between 1925 and 1929. This consisted of a total of 365,212 notes (338,872 large size and 26,340 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Plain Back 4x5 1 - 53645
1902 Plain Back 3x10-20 1 - 29189
1902 Plain Back 3x50-100 1 - 1884
1929 Type 1 6x5 1 - 2448
1929 Type 1 6x10 1 - 1222
1929 Type 1 6x20 1 - 426
1929 Type 1 6x50 1 - 222
1929 Type 1 6x100 1 - 72

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1925 - 1929):

Presidents:

Cashiers:

Other Bank Note Signers

  • There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

  • Dallas, 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
  • The Waco News- Tribune, Waco, TX, Sun., May 17, 1925.
  • Fort Worth Star-Telegram, Fort Worth, TX, Sun., May 17, 1925.
  • The Galveston Daily News, Galveston, TX, Tue., May 25, 1926.
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