The First National Bank of Palo Alto, California

The First National Bank of Palo Alto, California

The First National Bank of Palo Alto, California opened in 1903.  During the national bank note period there were two national banks in Palo Alto.  The First National Bank was open until 1928, narrowly avoiding 1929 small size issues.  It charter number is 7069.

The First National Bank of Palo Alto issued a relatively large amount currency.  However, today it is thought that only four national bank notes from Palo Alto exist.  The real prize from The First National Bank of Palo Alto is a 1902 red seal national bank note.  A 1902 red seal does exist, and it was last seen in a Hickman and Oakes auction, where it sold for $2,600.  Today the same note is probably worth three times that.

While the market for California national bank notes is slightly down from where it was in the early 2000s, currency from Palo Alto does have one extra thing going for it.  Palo Alto is a college town, so currency from The First National Bank of Palo Alto has a chance to appeal to people beyond just national bank note collectors.

The first president of The First National Bank of Palo Alto was Eli King.  The first cashier was Clarence E Childs.

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