Historical Marker

First National Bank in Rhome

Rhome, Wise County · Texas
Erected 1984

Rhome's money followed its mill. The Handbook of Texas says the town got its name in 1883 for Col. Byron Crandall Rhome, a local rancher credited with bringing the first Herefords to Wise County. By the early 1890s it had 175 residents, a school, a church and two flour mills. One, working by 1898, was the county's first roller mill and possibly Texas's first, grinding wheat with rollers instead of stone burrs. In the 1930s its owner, L. W. Renshaw, was paid $5,000 by General Mills for rights to a brand name he used: Gold Medal.

What the plaque says

First National Bank in Rhome Prominent area businessman Dan Waggoner began this financial institution in 1904 as a branch of his privately-owned bank in Decatur (15 mi. NW). His son, W.T., served for a time as its president. Rhome's first bank was given a national charter in 1914 and grew steadily through the years. Its sound financial policies enabled it to survive the period of the Great Depression. Headquartered downtown for more than seventy years, the First National Bank in Rhome has been located at this site since 1975. (1984)

Where it stands

33.05342, -97.47238 · Directions

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