Chartered in 1888, National Bank & Trust is headquartered in La Grange, Texas, and has been a major contributor in the development and expansion of the business and agricultural community since its inception.
National Bank & Trust is a full-service Bank with friendly people who take the time to listen and talk with customers about their banking needs. Whether you are looking for a new car loan, a home loan, a checking account, a business loan, or the latest technology with electronic banking, National Bank & Trust is ready to serve you with innovative products and a staff that will work diligently to understand your needs and help make your financial goals a reality.
In May of 1888, the organizers of The First National met to capitalize the bank and to begin the process of applying for a federal bank charter. On July 9th, 1888, Federal Charter No. 3906 was granted, and The First National has operated under the same charter since then. The bank was capitalized with $50,000.
Fifty years later, on December 31, 1938, deposits were $833,882 and loans were $131,118. By December 31, 1963, deposits had grown to $7,044,716 and loans had grown to $1,055,983. On September 30, 1988, the bank's deposits were $65,125,889 and loans were $36,760,647. In 1888, the population of the United States then was 60,496,000 versus 1988 population of 248,900,000. The First National Bank changed its name in November 1998 to National Bank & Trust.
In 1888, a three-bedroom home could be purchased for $2,200. One dozen eggs cost 20 cents, a loaf of bread was 5 cents, and one gallon of milk was only 26 cents.
The Washington Monument was completed in 1888 and self-propelled combine harvesters were introduced. Burroughs patented the adding machine, and Kodak camera was first marketed by George Eastman. Composer Irvin Berlin, actor Maurice Chevalier, and coach Knute Rockne were all born in 1888. The 1888 fashion scene saw high choker collars for men and lots of lace for the ladies.
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