The Will County National Bank, Will County, Illinois
From: History of Will County, Illinois
By: August Maue
Historical Publishing Company
Topeka-Indianapolis 1928


The Will County National Bank was organized on Aug. 3, 1871, by the following men: Calvin Knowlton, Samuel B. Reed, H. C. Knowlton, Firman Mack, H. N. Higenbotham, George P. Jones, and H N. Marsh. It was opened for business on September 20, 1871. The charter was renewed in September, 1891, and again in August, 1911. Its first capitalization was for $100,000.00, and on Dec. 19, 1890, this was increased to $200,000.00. The bank was first housed in a frame building at 223 Jefferson Street. Several years later it was removed to the corner of Ottawa and Jefferson streets, occupying the east half of its present banking room. On May 22, 1907, the bank was enlarged and remodeled at a cost of $42,800.00. In April, 1887, the deposit vault department was established, four additions having been added since that time, the last addition in Dec. 27, 1920. The first automatic lock was purchased from E. S. Fowler in October, 1887. On Aug. 28, 1912, a savings department was authorized by the board of directors. In 1907 a double fire and burglar proof vault was built, and later two more vaults of the same kind added. The bank joined the Federal Reserve Banking system, and subscribed its full quota and became a member of the Federal Reserve System. On Jan. 6, 1921, the bank building was purchased. July 28, 1921, a Trust department was added. The bank celebrated its 50th anniversary in 1921.

Following are the deposits from 1904: Aug. 22, 1904, $789,510.77; Aug. 22, 1906, $1,005,780.52; Aug. 22, 1908, $1,078,970.31; Aug. 22, 1910, $1,319,784.25; Aug. 22, 1912, $1,312,583,72; Aug. 22, 1914, $1,377,572.73; Aug. 22, 1920, $2,539,141.29; Sept. 6, 1921, $2,555,624.17; Feb. 28, 1928, $3,439,688.32. Its first president was Henry Fish, who served from October, 1871, to January, 1874. C. Knowlton, from January, 1874, to January, 1887; W. S. Brooks, January, 1887, to September, 1892; J. A. Henry, September, 1892, to August, 1908; C. H. Talcott, October, 1908, to April, 1910; and C. E. Wilson, from June, 1910, who is still president.

The vice presidents: C. Knowlton, October, 1871, to January, 1874; H. Higinbotham, January, 1874, to January, 1877; J. A. Henry, January, 1878, to January, 1887; G. J. Monroe, January, 1887, to January, 1897; Joseph Stephen, January, 1897, to April, 1907; C. H. Talcott, May, 1907, to October, 1908; J. W. Folk, October, 1908, to ____, and John L. Carlson, ____.

Second vice presidents: C. E. Wilson, October, 1871, to June, 1910; Robert Meters, January, 1921, to February, 1921; John L. Carlson, March, 1921; and F. J. Weisharr,

Cashiers: C. P. Jones, September, 1871, to August, 1877; H. Knowlton, August, 1877, to May, 1887; C_ H. Talcott, May 1887, to May, 1907; H. J. Weber, May, 1907, to September, 1920; and C. F. Hinrichs, September, 1920, to date.

Directors in 1921: J. P. Stevens, elected June 11, 1910; F. I. Weisharr, elected January 11, 1910; Henry F. Prepenbrink, May 11, 1910; J. Albert Ohihaver, Aug. 23, 1917; W. H. Clare, May 28, 1921; Dr. F. W. Werner, Jan. 8, 1907.

Present officers in 1928: Charles E. Wilson, president; Frank I. Weisharr, second vice president; Charles F. Hinrichs, cashier; E. E. O'Heron, assistant cashier and trust officer; Ozias W. McGovney, assistant cashier.

Directors in 1928: John L. Carlson, Charles E. Wilson, Frank I. Weisharr, J. Albert Ohlhaver, George J. Clare, Arthur Montzheimer, J. Albert Folk, George F. Hacker, and Clayton S. Farrell.


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