Quitman

The First National Bank of Quitman

Quitman is the county seat of Wood County, 35 miles north of Tyler, US 69 to Mineola, then to Quitman on TX 37.


[www.facebook.com/1000945453344202/photos/a.1001442346627846/1440204412751635/?type=38theater]

1906. W. M. Lloyd Banker located at Wood County Carpet building on east side of square.

"BankTexas celebrated the 100th Anniversary last week of its National Charter in Quitman, where it began.

The First State Bank of Quitman, now BankTexas, applied for and was granted a national bank charter on Oct. 21, 1914. During the Great Depression, it survived as the only bank in Quitman and remained the only bank in the town for almost 50 years, according to a statement.

Having originated in the 1890's as Uncle Bill's bank in the back of the mercantile store owned by William M. "Uncle Bill" Lloyd, and before banking regulations and deposit insurance existed, residents relied on the character and commitment of a man who they knew and trusted to take care of their money. He would often use a customer's cattle or the seasonal crops as collateral for small loans.

Around the turn of the 20th century, Uncle Bill's little bank had outgrown the back corner of the mercantile store and moved into its ow n building on the town square.
The discovery of oil in 1941 significantly changed not only the county but the bank as well. Deposits began to soar, reaching over $2 million in 1944 and over $5.5 million by the Bank's 50th anniversary in 1964. During this time, the county moved from an agricultural base dependent on farming to one that relied on beef and dairy cattle as well as oil and gas production."
[https://tylerpaper.com/news/business/banktexas-celebrates-th-anniversary-of-national-charter-in-quitman/article_930819c4-082d-5541-b6dd-b75cf0f9598d.html]

The First National Bank of Quitman was chartered number 10646 on October 21, 1914.

The bank in 1918. The First National Bank later moved to 202 East Goode Street.

Reinvented as BTH Bank, it is now located at 412 East Goode Street.

The First National Bank of Quitman printed only $20,00 of 1902 Date Backs. None are recorded in the census.

Back