History Lost & Found

Riddle: Most people believed their money was safe, until 1929, after that the Great Depression, was not far behind.

Answer: First State Bank

 

One of first state banks in Texas. Chartered Dec. 11, 1906, it began operations in a frame building on lot south of here. Present building was finished 1908 and is now oldest existing commercial building in this once-thriving trade center. As the town's only bank, it served small farmers while cotton was king in area. Safe was once stolen and the vault still has scars from a robbery. Bank was voluntarily liquidated in 1934. Recorded Texas Historic Landmark - 1934