Thursday, January 21, 2010

3728 First National Bank of Arizona at PHOENIX

1926
Jul 17 - Title changed from The National Bank of Arizona at PHOENIX

                                                    October, 1938

Post note issuing period:
1937 - Acquired by Transamerica Corporation along with Phoenix National Bank #4729 and other out of state banks. Arizona operations new title: "First National Bank of Arizona"
1955 - Bank headquarters moved - building remains as branch
1956 - Acquired Bank of Arizona, Prescott*
1957 - Spun off from Transamerica as part of Firstamerica Corporation
1961 - Firstamerica changes name to Western Bancorp
1963 - Building demolished - Replaced by modern branch (also now demolished)
1981 - Rebranded as "First Interstate Bank of Arizona", N.A.
1996 - Acquired by Wells Fargo
1999 - Wells Fargo acquired by Norwest, retaining Wells Fargo name.

*Acquiring this bank allowed "First National Bank of Arizona" to adopt "Since 1877" (Remembering the billboards)






This unused stock certificate from after the title change.






                                                                                                                                                                         

As seen in a now-deleted web article, The bank had plenty of original-titled currency sheets remaining at the time of its title change, and so elected to keep issuing them until 1929, when it ordered large-sized notes with the new title. As this was only about 4 months before the nationwide changeover to small-size, they did not circulate for very long, and accordingly are scarce, with only 5 known, all of which are tens. Small size, on the other hand, are very common in type 1, far less so in type 2.

A technical error exists on all large-size notes I've seen on this title. The plate date should read February 14, 1912, not June 4, 1907. Whoever designed the modified plate from the first title failed to realize the plate date should have reflected the date of Arizona's admission to The Union.

Series 1902 - Plain Back
10-10-10-20 # 1 - 5298
$10's = 15,894
$20's = 5298



Series 1929, Type 1
$10 x 6 #1 - 8780 = 52,680
$20 x 6 #1 - 2576 = 15,456




Series 1929, Type 2
$10 #1 - 12687 = 12,687
$20 #1 - 3052 = 3,052


Total Large = 21,192
Total Small = 84,055
Total Issue = 105,247
Total Outstanding July 1935 = $300,000
Large Outstanding July 1935 = $7,675

                                           Early 1960's (foreground)

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