Comanche National Bank - Comanche, TX
Posted by: 
WalksfarTX
N 31° 53.840 W 098° 36.299
14R E 537352 N 3529124
Two story red brick building with white stone accent built in the Italianate style with a recessed corner entrance.
Waymark Code: WM10AEB
Location: Texas, United States
Date Posted: 04/01/2019
Views: 4
The Comanche Chief"The Comanche National Bank was organized in December 1889 with beginning capital of $50,000. The primary organizer was John B. Chilton, who met with other local businessmen in his second-floor downtown living quarters to establish the bank and elect a board of directors. The first elected officers were J.B. Chilton, President; T.J. Holmsley, Vice President; W.B. Cunningham, Cashier; and R.V. Neely, Assistant Cashier. Opened to the public in March 1890, the Comanche National Bank saw immediate success, as Comanche was poised for economic growth by the early 1890s. The railroad arrived in 1891, the same year in which the county constructed a new courthouse. Also in 1891, the bank directors purchased the lot on the southwest corner of the courthouse square and constructed a building that served the bank’s operations until 1969. T.J. Holmsley followed J.B. Chilton as bank president from 1891 until 1901. Chilton returned and served for the next 32 years, until his death in 1933. William C. Chilton then became president and served until retiring in 1959. With a change in control, Dr. J.C. Terrell was elected chairman of the bank’s board of directors in 1959. He served until his death in 1980. During his tenure, presidents Jack W. Moore, from 1960 to 1972, and Reginald K. Waggoner, from 1973 to 1979, continued to provide strong leadership that helped the financial institution weather economic downturns and prosper during periods of growth.
The bank outgrew its original building and bought some property across the street from Higginbotham Bros. in 1968. This property now houses the Comanche branch of TexasBank.
In its inception the Comanche National Bank had a capital stock of $50,000. Then opening in its new location in 1969 the bank’s total assets reached eight million dollars.
Located at its current site since 1987, Comanche National Bank continues to serve the community as a significant part of Comanche’s business history. The bank has seen expansion and in 2014 the total assets reached 315 million dollars.
We now look to the future with the merger with Spirit of Texas Bank and the good times to follow."