Texas American Bank/McKinney N. A., formerly the Collin County National Bank
McKinney, Collin County, Texas
Marker Inscription
This financial institution was organized on March 13, 1883, by a number of McKinney's prominent citizens and businessmen. Among those financial pioneers were James W. Throckmorton, who had served as governor of Texas in 1866 and 1867; G.A. Foote, the bank's first president; H.M. Markham, Vice President; W.L. Boyd, Cashier; Directors I.D. Newsome, Z.E. Ranney, J.A. Aston from Farmersville and H.A. Rhea from the Rhea Mills Community; and area leaders J.S. White,, T.B. Wilson, T.C. Goodner, T.H. Murray, E.M. McAuley, and G.A. Wilson. With an initial $75,000 in capital stock, Collin County National Bank grew steadily during its early years and became a leader in the financial community. The bank was housed first on the southeast corner of the courthouse square. It remained at that location until January 7, 1932, when it moved into the First National Bank Building on the east side of the square. In 1956, larger facilities were needed, resulting in the construction of a new building at 222 North Tennessee Street. Throughout its history, this financial institution has played a vital role in the growth and development of McKinney and Collin county. (1984)
Erected by Texas Historical Commission
The Story
Organized in 1883 by a roster of McKinney's leading citizens—including former Texas governor James W. Throckmorton—the Collin County National Bank opened with $75,000 in capital and grew into a pillar of the local economy. From its first home on the courthouse square it moved and expanded over the decades, financing the growth of McKinney and Collin County for more than a century.
Why it matters
Local banks were the engines of Gilded Age town-building across America, channeling capital that turned county-seat squares into thriving commercial centers.
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Related people
- · James W. Throckmorton
- · G. A. Foote
Themes & tags
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