Historical Marker · No. 50

The Bank of Florence

Douglas County · Nebraska
Erected by Florence Historical Foundation and Historical Land Mark Council

The bank's manager, James Monroe Parker, lived in the rooms upstairs, which the museum keeps as they looked when his family left around 1860. In other years the building served as a bar, a horse stable, a grocery and the Florence telephone exchange. John D. Brisbin's group bought the second bank in 1909; it folded in 1930, was reorganized in 1932 and moved to 30th and Ames as the North Side Bank in 1939. Parker's great-granddaughter Zerlina Brisbin Lewis gave the building away in 1966, and it joined the National Register on October 15, 1969.

What the plaque says

The Bank of Florence The Bank of Florence was chartered by the Nebraska Territorial legislature on January 18, 1856. It was located in this substantial building, constructed during the same year. Sheet steel one quarter inch thick, shipped by river steamboat from Pennsylvania steel mills, was used in conjunction with three foot thick masonry to build the vault. The bank was owned and operated by the respected Iowa financial firm of Cook and Sargent. It played an important role in the aspiration of the town of Florence to become the leading transportation and financial center of Nebraska. Frontier banking practices were lax and along with other banks in Nebraska Territory the Bank of Florence issued quantities of unsecured "wild cat" currency and financed speculation in land. Weakened by the financial panic of 1857 the Bank failed in 1859. Only one bank in Nebraska Territory survived the Panic. The building housed a variety of subsequent business operations including a second Bank of Florence which was chartered in 1904. It is now restored as it appeared in territorial times. Florence Historical Foundation Historical Land Mark Council

Where it stands

41.33726, -95.96085 · Directions

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