Historical Marker

First State Bank

Loraine, Mitchell County · Texas
Erected 1969

Loraine began in the early 1880s as a cotton and cattle shipping point on the Texas and Pacific, the Handbook of Texas says, and got a post office in 1890. Parson Crandall bought the townsite from the railroad and platted it in 1905, and growth was quick: a weekly newspaper in 1906, incorporation by 1910, and in 1914 about 800 people and more than forty businesses, among them a bank. A hospital opened in 1938, and in the 1940s Loraine was known for its cheese factory, its dairy show and the Loraine Cooperative Association.

What the plaque says

A leader in area growth. Organized with a capital of $18,000 (1908). Farmers and cattlemen were in majority as stockholders. Presidents have included S.E. Brown, J.C. Hall, K.L. Taylor, and H.J. Mearse. In 1922 a new building was erected and in 1962 the interior was remodeled. (1969)

Where it stands

32.41132, -100.71209 · Directions

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