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History of Security National Bank ~ Witt Illinois

Updated: Jan 23, 2022


Oland National Bank of Witt Illinois
Oland National Bank of Witt Illinois

Early History of Witt Illinois Banking


The Security National Bank of Witt has had a long and interesting history which dates back to the turn of the twentieth century.


The Oland National Bank was organized by Alonzo Betty soon after the towns of Witt and Paisley were united in 1905. In later years it became the First National Bank of Witt.


In 1912 still another bank had its beginning in Witt under the name of the Witt National Bank. Henry Fesser became the President and Charles Ralston its first cashier.


The newly organized bank operated under this name for five years, but in the fall of 1927 the two banks merged. The First National Bank and the Witt National Bank combined to form the National Bank of Witt.


Actually, the present Security National Bank of Witt came into existence as a result of this merger in 1927, but in reality the bank did not get its present name until 1932, when a reorganization took place and then the National Bank of Witt became the Security National Bank of Witt, the name which it retains yet today. The directors at that time were: Henry F. Fesser, President; Henry Ernst, Dr. C. H. Lockhart, Fred W. Pfertner, Frank Stauder, Henry C. Weber, Charles P. Zimmer and Homer Armentrout, Cashier.


The bank has always maintained a good financial background through sound financial policies. It has prospered through the years and today, 1968, its assets total in excess of 31 million dollars. The present board of directors include: Earl Zimmer, President; Mel Brueckner, Vice President and Cashier; Albert Zimmer, Everett Carriker, John Hoehn, Clarence Doerr, and Olin Snyder. Miss Dorothy Wittnam serves as Assistant Cashier and Tellers are Mrs. Tillie Chervinko, Mrs. Glennis O'Malley and Miss Carolyn Miller.


Source: 1968 Witt Centennial Book


The Witt Centennial book is available for download here:

 

National Currency

From 1863 to 1935, United States of America National Banknotes were issued by banks throughout the country and in US territories. We have three examples of currency from Witt.


Currency scans provided by: Mike Rappe


The Oland National Bank of Witt Ten Dollar Bank Note 1902
The Oland National Bank of Witt Ten Dollar Banknote - Front
The Oland National Bank of Witt Ten Dollar Bank Note 1902
The Oland National Bank of Witt Ten Dollar Banknote - Back
The First National Bank of Witt Twenty Dollar Bank Note
The First National Bank of Witt Twenty Dollar Banknote - Front
The First National Bank of Witt Twenty Dollar Banknote
The First National Bank of Witt Twenty Dollar Banknote - Back