first bank in McGregor was organized in 1856, by Lee
& Kinnaird, which continued in existence until 1861,
but was not a financial success. In 1858 a private bank
was organized by H. S. Granger & Co.
The McGregor branch of the State Bank of Iowa was
established Jan. 2, 1860, with sixty-four stockholders,
and a cash capital of $50,000. The first officers were as
follows: President Mayor E. V. Carter; Cashier, Ole
Halverson; Directors, O. C. Lee, S. Merrill, D. B.
Hoffman, Frank Larrabee, B. F. Schroeder, J. F. Thomson,
A. C. Newcomb, E. V. Carter and G. L. Bass.
This bank continued in operation until 1863, when the
First National Bank was organized, with a capital stock
of $50,000. The first Directors were : William J.
Gilchrist, E. V. Carter, Samuel Merrill, Ole Halverson,
J. D. Dearborn. Samuel Merrill was elected President, and
Ole Halverson, Cashier. Samuel Merrill resigned Oct. 30,
1867, being elected Governor of the State, and he was
succeeded as President, by J. Merrill. At the same time
the present Cashier, W. R. Kinnaird, was elected as an
assistant. Aug. 31, 1871, Ole Halverson resigned, and W.
R. Kinnaird was elected to fill his place. J. Merrill
resigned July 10, 1872, and J. K. Graves was elected
President. He was succeeded the following September by
Frank Larabee, the present incumbent. The present
Directors are: William Larrabee, Isaac Havens, J. O.
Crosby, James T. Bassett, Calvin F. Bell, W. E. Odell,
James N. Gilchrist, Frank Larabee and W. R. Kinnaird. IN
1864 the stock of the bank was increased to $100,000.
The Clayton County Savings Bank was established at
McGregor, Nov. 20, 1869. The incorporators were William
J. Gilchrist, J. H. Merrill, Ole Halverson, H. E.
Merrill, C. F. Burr, W. R. Kinnaird, J. N. Gilchrist and
R. Noble. William J. Gilchrist was elected President, and
J. H. Merrill, Treasurer. Mr. Merrilll was succeeded in
1872 by W. R. Kinnaird. The bank continued in business
until 1879, when it closed, after paying depositors and
stockholders in full.
~History of Clayton County, Iowa, 1882,
Chicago: Inter-State Publishing Co., 1882; CHAPTER
XXXV; pg. 948-949
The stockholders of the
Garnavillo Savings Bank had an annual meeting in the bank
building Monday afternoon and Elected the following for
the ensuing year:
Pres. - W. F. Meyer
Vice Pres. - J. A. Hempler
Cashier - Chas. Roggman
Directors - Henry Brandt, Henry Dettmer, J. A. Hempler,
W. F. Meyer, Henry Schlake, Julius Tuecke, John Wirkler
~Elkader Register, Thur., 21 Feb. 1907.
National Bank of Strawberry Point
meeting of the stockholders of the First National Bank of
Strawberry Point the following directors were elected:
C. H. Niederfrank
A. O. Kingsley
H. H. Opperman
F. J. Gresler, all the above of Strawberry Point.
A. Hanson, of Oelwein
C. B. Chambers, of Oelwein
The officers elected are as follows:
Pres. - A. Hanson
Vice Pres. - A. O. Kingsley
Cashier - F. J. Gresler
The new bank has about forty stockholders among the
businessmen and farmers of this section and it is
expected to open its doors for business sometime during
the forepart of January.
~Elkader Register & Argus, 28 Nov. 1907,
Strawberry Point column.
|1908 Elkader First
At the 37th annual meeting of
the stockholders of the First National Bank of Elkader,
Iowa, the following directors were elected: R. E. Price,
Joseph Lamm, H. H. Barnard, Anton Kramer, A. J.
Carpenter, Wm. Larrabee and Wm. Larrabee, Jr.
And at the subsequent Directors meeting the following
officers were elected:
Pres. - R. E. Price
Vice Pres. - Wm. Larrabee
Cashier - A. J. Carpenter
Asst. Cashier - G. M. Gifford
We understand that both Mr. Carpenter and Mr. Gifford
received a substantial increase in their salaries in view
of the fact that the past year has been the most
prosperous in the history of the institution.
~Elkader Register & Argus, Thur., 16 Jan.
Point State Bank
Tuesday the annual meeting of
the stockholders of the Strawberry Point State Bank was
held and the following directors were elected:
T. Dunning, Geo. Wheeler, L. F. Carrier, Chas. Roberts,
W. Pollard, B. W. Newberry, and Dr. E. C. Rawson
A meeting of the board was held at once and officers
were elected as follows:
Pres. - Chas. Roberts
Vice Pres - T. Dunning
Cashier - J. M. Pollard
The bank now has over forty stockholders.
~Elkader Register & Argus, Thur., 16 Jan.
1908. Strawberry Point column
Savings Bank, Stockholder's Elect Officers
stockholders of the Elkport Savings Bank held their
annual meeting Tuesday. The usual dividend was declared
and a nice sum left in the surplus fund. The following
officers were elected:
President - H. H. Hagensick
Vice-Pres. - F. J. Kriebs
Cashier - George Kriebs
Asst. Cashier - Vera L. Younkman
Book Keeper - Anna Costigan
Directors - D. D. Murphy, J. F. Becker, P. J. Cain, F. J.
Kriebs, F. J. Uriell, Geo. Kriebs, H. H. Hagensick
~Elkader Register & Argus, Thur., 22 May
1913. Elkport and Vicinity column.
|1919 Clayton County
Bankers' Association Officers
bankers from Clayton county attended the banquet and
election of officers of the Clayton County Bankers'
Association, held at the Bayless Hotel Tuesday evening.
The following officers were elected:
President - F. J. Uriell
Vice President - H. C. Andreae
Treasurer - J. F. Becker
Secretary - F. S. Richards
~Elkader Register & Argus, Thur., 17 Jul.
|1921 County Bankers
The annual meeting of the Clayton
County Bankers Association was held at the K.C. Hall in
Elkader on Tuesday evening, July 19th, and there were 85
members present. At 7:00 o'clock all sat down to a dinner
that was served by the Elkader Civic Improvement Club and
after the dinner a smoker and business session was held.
The following officers were elected for the ensuing year:
President - F.M. Orr, Monona
Vice-Pres. - W.F. Daubengerger, McGregor
Secretary - J.F. Maley, Elkader
Treasurer - M.G. Hagensick, Edgewood
At the meeting a County Protective Association was
organized and a Vigilance Committee will be appointed in
each town for the protection of the banks. The fall
meeting will be held at Guttenberg in October.
~Monona Leader, July 28, 1921
|1932 Central State
Bank & Trust, Elkader
The first annual
meeting of stockholders of the Central State Bank and
Trust company of Elkader was held on the third floor of
the bank building Tuesday afternoon, at which time the
original members of the board of directors were
re-elected unanimously, as follows:
H C. Pahlas, W. J. McGrath, Phil. Miller, Max B. Bishop,
Geo. H. Schmidt, C. F. Murphy, Chas. Meder, H. L.
Swenson, A. J. Johnson, all of Elkader, and Geo L.
Gifford of Elkport
The board of directors organized by electing the
Chairman of the Board - Dr. W. J. McGrath.
President - H. C. Pahlas.
Vice President - A. J. Johnson.
Vice President - H. L. Swenson.
Vice President - Chas Meder.
Councel - C. F. Murphy.
Cashier - Harold J. Kriebs.
Asst. Cashier - E. F. Seifert.
Asst. Cashier - Marjorie Richardson.
Asst. Cashier - Kathryne Humphrey.
Bookkeeper - Delores Niemeyer
~Clayton County Register, Thur., 14 Jan. 1932
Savings Bank, Garber
GARBER: The annual
meeting of the Farmers Savings Bank took place last
Tuesday afternoon. The same officers were re-elected as
President - M. W. Lovett
Vice President - E. C. Jennings
Cashier - Henry C. Schnepf
Asst. Cashier - Mrs. Hattie Schnepf
Directors - M. W. Lovett, E. C. Jennings, M. J. O'Conner,
August Lundt, P. J. Cassidy, J. M. Kainz, H. C. Schnepf
~Clayton County Register, Thur., 21 Jan. 1932
Garnavillo: The annual meeting of
the stockholders of the Garnavillo Savings Bank was held
in Turner Hall, Monday afternoon, and elected the
Wm. Allyn, Alfred Wirkler, Henry Schlake, Alvin Kregel,
Chas. Roggman, Herb. Wirkler, and W. B. Kuenzel
The directors appointed the following officers:
President - Chas. Roggman
Vice President - W. B. Kuenzel
Cashier - Herbert Wirkler
Assistant Cashiers - Helen Dettmer and Arnold Roggman
~Clayton County Register, Thur., 28 Feb. 1935
|1936 Farmers State
Bank, St. Olaf
St. Olaf: The Farmers State
Bank had their yearly meeting on Monday, and the
following officers were elected:
President - K. K. Stearns
Vice-President - L. J. Palas
Cashier - Fred Orvis
Assistant Cashier - A. J. Larson
Directors - K. K. Stearns, L. J. Palas, Gunder Rugland,
O. L. Embretson, Seth Clark, H. H. Diers, Wm. Fuhrman
~Clayton County Register, Thur., 21 Nov. 1935