The First National Bank of Grafton, Iowa

The First National Bank of Grafton, Iowa

The First National Bank of Grafton, Iowa was the only national bank in Grafton; it was also one of only two national banks in Worth County.  It appears that The First National Bank of Grafton falls into the category of overly optimistic endeavors. It was chartered a couple years after the capital requirement for banks was dropped, which enabled small town banks to get a national charter.  Only twenty-two months after it nationalized the bank voluntarily liquidated.  This means it falls into the group of red seal only banks.  The First National Bank of Grafton only issued 1902 red seals – 668 to be exact.

The bank never changed management during its short existence.  The Christians brothers started the bank.  Charles Christians was the first president and Otto Henry Christians was the first cashier.

Today no notes from The First National Bank of Grafton are thought to exist, and with its small printing, that could be a reality for a long time.  So certainly be on the lookout for charter 6610.

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