First National Bank in Rhome
Rhome, Wise County, Texas
Marker Inscription
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)
Erected by Texas Historical Commission
The Story
Cattleman and businessman Dan Waggoner opened this institution in 1904 as a branch of his private Decatur bank, with his son W.T. serving for a time as president. Granted a national charter in 1914, the bank grew steadily and weathered the Great Depression on sound policies. After more than seventy years downtown, it moved to its present site in 1975.
Why it matters
Small-town banks like this one anchored the credit and commerce that let ranching and farming communities in North Texas endure boom, bust, and depression.
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Related people
- · Dan Waggoner
- · W.T. Waggoner
Themes & tags
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