The First National Bank of College Springs, Iowa

The First National Bank of College Springs, Iowa

The First National Bank of College Springs, Iowa was open for ten years.  Amazingly though, it only issued 368 bank notes!  To date none of these notes has been found.  We can’t assume that they have all been destroyed.  However, the odds are against the collectors trying to find a note from The First National Bank of College Springs.

The First National Bank of College Springs was opened in 1919.  The only president of the bank was William Smith Farquhar.  The first cashier of the bank was JD Loudon; he was only at the bank for one year.  In 1920 L Wallace Farquhar became the cashier.  Wallace was not William Farquhar’s son, although it is very likely they were related.

The First National Bank of College Springs is special not only because it had a ridiculously low printing.  It is also popular because of its name.  Collectors tend to like two word towns, towns with water (creek, lake, pond, spring), and tiny towns in general.  Charter 11295 was certainly the only national bank ever in College Springs.

If you have any currency from The First National Bank of College Springs, 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.