6579 The First National Bank of GLOBE

Around 7,000 people lived in Globe during the entirety of its 21 year run. Notes from this bank and city are always in demand. According to a 1912 directory, the bank was located at 300 N. Broad Street, across from the fancier and somewhat iconic 1909 Gila Valley Bank that's also pictured on the second postcard. A earlier-dated document dated I found at the Gila County Historical Society describes the building's address as home to the Globe National Bank, so if that is accurate the First National may have moved to the building after taking over the Globe National in 1910. Found in my resources is a postcard of "Broad Street - Globe Arizona" that is postmarked 1905, and has a "First National Bank" pictured thereon, that looks very much different from the 300 Broad Street Building
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The First NB is the first building on the right in this 1905 postcard

The building on the right was the FNB in 1912

 

Pre National Charter
 1899 - Bank of Globe receives territorial charter

As The First National Bank of Globe
 1903 - Succeeded Bank of Globe (January)
 1907 - Nov 21 - Suspended / Closed next day
 1908 - Feb 27 - Restored to solvency

 1910 - Jan 11 - Absorbed The Globe National Bank
 1924 - Mar 30 - Placed in voluntary liquidation Capital $100,000
 1924 - Mar 31 - Succeeded by the Copper Cities Bank, Globe

As Copper Cities Bank
 1926 c. purchased and renamed Old Dominion Bank of Globe

As Old Dominion Bank
 1932 - Apr 15 - Closed (Receivership) - Depositors paid 86.6%

Territorial Issues
Series 1902 - Red Seal
10-10-10-20 #1 - 3312 ($165,500)



10's = 9936
20's = 3312
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Total = 13248

Series 1902 - Date Back
10-10-10-20 #1 - 5300



10's = 15900
20's = 5300
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Total = 21,200

Total Territorial Issue (Large Only) 34,448 ($430,600)

Statehood Issues
Series 1902 - Date Backs
10-10-10-20 #1 - 2800 ($140,000)



10's = 8400
20's = 2800
--------------
Total = 11,200

Serie 1902 - Plain Back
10-10-10-20 #2801 - 13263 ($523,150)



10's = 31,389
20's = 10,463
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Total = 41,852





No geographical sorting letter, although they were officially discontinued AFTER this bank went into liquidation.

Total Statehood Issue = 53,052 ($663,150)
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Total Issue = 87,500 ($1,093,750) Large Only
Amount Oustanding in 1924 = $97,800
Known as of 2018: 3 Territorials, 10 Statehood

Reference:
 Peter Huntoon from Paper Money #103 (SPMC) - Jan\Feb 1983