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Banks in USA

Central National Bank

About Central National Bank

In 1884, Sumner Pierce (pictured), a businessman originally from New York who had moved to Kansas in 1879, organized the Central Kansas Bank with capital of $50,000. When it opened October 1, 1884, the bank provided a fire-proof vault, a burglar-proof safe, and a time lock to secure deposits.

In 1889, bank management decided to change from a state bank to a national bank in order to provide depositors the greater safety offered by a national bank, as national banks were required to have more capital to cover depositors. In 1890, the Comptroller of the Currency approved the change, and the bank name was changed to Central National Bank… Continue reading about Central National Bank here

Website: https://centralnational.com/

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