Historical Marker

First National Bank of Hallettsville

Hallettsville, Lavaca County · Texas
Erected 1973

The bank's federal paper survives in collectors' catalogs. It was organized May 22, 1890 as the Lavaca County National Bank, chartered June 7 and renamed in May 1910. Friench Simpson was cashier from the first through 1914, and the presidents ran from Carey Shaw to Ferdinand Hillje to S. H. Simpson. Over its charter the bank issued 69,557 national bank notes worth $861,760. Circulation peaked at $60,000 in 1911, and total resources ranged from $105,004 in 1894 to $1,176,128 in 1929. The bank was still open when the register closed in 1935.

What the plaque says

First National Bank of Hallettsville Oldest bank in Lavaca County; has operated in this city block continuously since its establishment by Friench Simpson (1848-1923) and Carey Shaw (1854-1944), former employees of the J. H. Simpson Bank, Columbus. Shaw was also one of the original officers in the Texas Bankers Association, founded in 1885. In 1888, the San Antonio & Aransas Pass Railroad was being built through Hallettsville. When S. A. A. P. construction gang reached here, the need for a local bank became apparent, and Simpson and Shaw organized "The Lavaca Bank" as a private institution, opening for business in southeast corner of the Kroschel General Merchandise Store, in this block. In 1890, they chartered the Lavaca County National Bank of Hallettsville, and took over entire Kroschel Building. In this bank, Shaw was president; T. Y. Hill, vice president; Friench Simpson, cashier; H. M. Tippett, assistant cashier; Joe Kahn and T. H. James, directors. Present name was adopted at bank's rechartering on May 21, 1910. Carey Shaw continued as a director until 1909; Friench Simpson until October 13, 1914. Succeeding generations of the Simpson family have also served in staff and management. New building, erected 1973, occupies the original site and adjacent lots. (1973)

Where it stands

29.44446, -96.94332 · Directions

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