Union National Bank, Dallas, TX (Charter 9245)
Union National Bank, Dallas, TX (Chartered 1908 - Liquidated 1910)
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
- Organized August 7, 1908
- Chartered September 30, 1908
- Conversion of The Union Bank & Trust Company of Dallas
- Opened for business October 1, 1908
- Liquidated May 28, 1910
- Absorbed by 8664 (Commonwealth National Bank, Dallas, TX)
On March 15, 1906, the charter of the Union Bank and Trust Company of Dallas was filed in the secretary of state's office in Austin. The directors were B.M. Burgher, Louis Blaylock, Isaac B. Walker, E.G. Patton, R. Liebman, E.B. Perkins, Leon M. Yesner, F.M. Pirtle, N.W. Finley, R.C. Ayres, E.W. Rose, J.W. Slaughter, S.J. Hay, Edward T. Moore, Phil H. Foscue, M.H. Wolfe, A.H. Cleaver, J.R. Smith, and Epps G. Knight, all of Dallas. The capital stock was $200,000.[1]
On September 30, 1908, authority was received by officers of the newly nationalized Union National Bank which succeeded the Union Bank & Trust Company, to begin business as a national financial institutions. At the last meeting of stockholders and directors, officers were elected as follows, all of whom remained a officers of the new bank: Dr. E.G. Patton, president; Isaac B. Walker, vice president; R. Liebman, second vice president; Walter O. Siler, cashier; W.S. Miller, assistant cashier. Extensive changes had been made to the interior of the bank building with the installation of new furniture and other provisions to handle business under the new conditions.[2]
On Saturday, April 16, 1910, R.C. Ayres, vice president of the Commonwealth National Bank, announced the purchase of the business and good will of the Union National Bank, 249 Main Street. With the purchase, the Commonwealth acquired deposits of over $750,000 and the business of some of the liveliest merchants in Dallas. The capital stock of the Commonwealth was $500,00 with a surplus of $250,000 and would not be increased. Arrangements were made to transfer the assets on Sunday to the Commonwealth National at 267 Main Street. Dr. E.G. Patton, president of the Union National, confirmed the transaction and Isaac B. Walker, first vice president, added these details. "The Union National and its business and good will was sold straight-out to the Commonwealth, because the controlling stockholders felt the interest of their customers could be better served by the larger resources in a city this size where large demands are made on a bank." Walker, who was president of four Texas banks and owned one in Oklahoma, would be at the Commonwealth National beginning Monday. This was the second big banking move for the Commonwealth National. On April 3, 1909, the Commonwealth affected a consolidation with the Gaston National Bank. The Commonwealth started business in Dallas on May 1, 1906, and it was interested in the 12-story skyscraper at Main and Poydras Streets to be built as its new home. The Union was organized as a state bank and on September 30, 1908, became a national bank. It had been a small, conservative, but lucrative bank paying dividends regularly.[3]
Official Bank Title
1: The Union National Bank of Dallas, TX
Bank Note Types Issued
A total of $341,600 in National Bank Notes was issued by this bank between 1908 and 1910. This consisted of a total of 41,704 notes (41,704 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 1902 Date Back 4x5 1 - 5990 1902 Date Back 3x10-20 1 - 4436
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1908 - 1910):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History 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