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PostPosted: Wed Jan 24, 2007 10:03 pm 
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Joined: Fri Jan 19, 2007 11:11 pm
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This is the first bank I start a topic on because it, like me, is a native of Knoxville, Tennessee. It was by no means the first bank in Tennnessee, nor for that matter even in Knoxville.

The bank was founded in 1843 but did not open until 1850, using funds from private stockholders. The Garland book indicates that there were branches in Chattanooga and Jonesboro, but the currency they issued all referenced Knoxville, where the main office was.

It had an allowed capitalization of $800,000. It seems to have failed in 1858 or 1859, and wound up all its affairs in 1863. According to Garland, many of the issues are either unknown or virtually unknown (rated R-15, which suggests either unique or SENC).

That said, one of the things that makes this bank interesting to me is that their unissued bills were reprinted during the civil war as Bank of Chattanooga confederate currency.

- Greg


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