[historictexas.net/image/;ampasas-county/street-scene-lometa-texas-1910s]

 

The First National Bank of Lorena opened as charter 8621 on March 15, 1907

[The Bankers' Magazine, Vol. LXXIV, January to June 1907]

and closed January 23, 1928.

[Annual Report of The Secretary of the Treasury on the State of the Finances for the Fiscal Year Ended June 30, 1929]

The bank issued 1902 Red Seals, Date Backs, and Plain Backs. The census records a single note, a 1902 Plain Back that sold at a January, 2001, Heritage auction for $7,187.

[Image Heritage Currency Auctions]

The note was offered again at the 2016 Memphis Money Show. Lyn Knight Auctions provided this description

"This is a unique town in McLennan County, Texas. This note was originally part of the J. L. Irish Collection and its only appearance since then was in 2001 where it realized $7,487. It also has great pen signatures of H. J. Hudson, President and O. C. Stanford, Cashier. There were only around 3,000 sheets printed for this Third Charter Red and Blue Seal bank. There are none in the Philpott or any other reported collections. The collector who owned this decided to sell because it made him think of Lorena Bobbit."

The estimated sale price ran from $25,000 to $35,000. The initial bid would have then been $15,000. There is no record that the note sold.