The O'Fallon Historical Society, O'Fallon, IL
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    Centennial Souvenir Program, 1954
    First National Bank of O'Fallon

     In 1903 a number of citizens felt that one of the chief needs of the city of O'Fallon was a financial institution. There had been a private bank, owned and managed by outside persons, in the late 90s which had failed rather disastrously. While its deposits were not large the bank's closing had seriously affected the community and its citizens. The primary purpose of the organization of the First National Bank was to give the people of O'Fallon and vicinity a safe and sound banking institution and to provide for its patrons every convenience and favor that conservative banking would permit.

     That their efforts have been appreciated is evidenced by the steady growth of its resources and deposits through the years as shown by comparative operating statements. The following is a list of the original stockholders: A. B. Smiley, S. C. Smiley, George W. Tiedemann, C. E. Tiedemann, E. H. Smiley, Charles T. Smiley, Dr. H. T. Bechtold, Joseph Taylor, H. E. Tiedemann, Julius A. Schalter, C. F. Behrens, W. R. Dorris, Charles Reiss, Sr., William Reiss, Mathias Schwarz, Sr., W. A. Darrow, John Munier, John Peach, George Reiss, and John Koch, Sr. Of these, seventeen are deceased. It is interesting to note that the majority of the shares issued to the above are still held by the original owners or their heirs.

     The Bank was opened for business September 1, 1903 with the following officers:

President E. H. Smiley
Cashier W. R. Dorris
Vice President George W. Tiedemann
Vice President Dr. H. T. Bechtold

     Mr. E. H. Smiley owned and operated a drug store after he started the bank. The first telephone office, bank, and light and power office were in the building with the drug store during the time Mr. Smiley owned the store.

     In 1905 the bank moved to the corner of Lincoln Avenue and State Street. The exterior of the building was remodeled in 1921 and the interior in 1945.

     The First National Bank observed its Fiftieth Anniversary on September 1, 1953. Mr. E. H. Smiley, Chairman of the Board for eleven years and President of the bank for thirty-nine years, died December 25, 1953. At the present time Mr. W. R. Dorris is president of the bank, a position he has held for the past eleven years.

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