DUANE
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Duane's take
Here's my telling of what the official marker has to say about this one. Now, every town worth its salt has got a story about how money moved, and McKinney, Texas is no different. Pull up a chair, because this one goes back a ways.
March 13, 1883. That's the date a group of McKinney's prominent citizens and businessmen sat down together and organized what would become the Collin County National Bank. These weren't small names, either.
Among those financial pioneers was James W. Throckmorton, a man who had served as governor of Texas in 1866 and 1867. You don't get much heavier credentials than that in a room full of bankers.
G.A. Foote stepped in as the bank's first president, H.M. Markham took the vice president's chair, and W.L.
Boyd handled the cashier's duties. The directors included I.D. Newsome, Z.E.
Ranney, J.A. Aston coming in from Farmersville, and H.A. Rhea representing the Rhea Mills Community.
And still the roster kept going: area leaders J.S. White, T.B. Wilson, T.C.
Goodner, T.H. Murray, E.M. McAuley, and G.A.
Wilson. That is a lot of serious people in one room with one serious purpose. They put up seventy-five thousand dollars in initial capital stock, and with that, they were off.
The bank grew steadily during its early years and carved out a place as a leader in the financial community. Now, a bank needs a home, and the Collin County National Bank set up first on the southeast corner of the courthouse square. It stayed right there, watching McKinney grow up around it, until January 7, 1932, when it moved into the First National Bank Building on the east side of that same square.
New address, same work. But by 1956, even that wasn't enough room anymore. Larger facilities were needed, and so a new building went up at 222 North Tennessee Street.
From that first meeting in 1883, through the moves, through the decades, this institution played a vital role in the growth and development of McKinney and Collin County. The names on those original documents may have faded some, but the bank they built? It kept right on going.
What the marker says
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)