The First National Bank of Adair, Iowa

The First National Bank of Adair, Iowa

The First National Bank of Adair, Iowa is one of fifty-three banks in the state for which no currency is currently reported to exist. The First National Bank of Adair was the only bank in Adair, and it was one of three national banks in Adair County. Its charter number is 8699.

The First National Bank of Adair was open for just over ten years. However, it issued less than $80,000 worth of bank notes. The bank printed 1902 red seal and blue seal national bank notes. As usual, the red seals are the real prize, but any note would be welcome.

The Welton family originally opened the bank in 1907. Roy R Welton was the first cashier and MH Welton was the first president. The Welton’s left the bank in 1915 and 1916 respectively. By 1926 the bank was closed by the government, citing incompetent management.

If you have any currency from The First National Bank of Adair, please tell us about it. We are certainly interested parties, and you will likely be very pleased with our appraisal.

Contact me via email: info@rarenationalcurrency.com, phone: 864-430-4020, or contact form.