History of Banking in Iowa

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Yeomans 's family occu- pied the rear of the building ; and in the second story of this house Mr. Weare established his bank. His capital consisted of $1000 in gold and some land warrants ; and his equipment was a dry goods box for a counter * ' and a tin box about the size of a woman's cake box for a safe. " By the summer of 1857 there were seven banks in Sioux City. There is one other claimant for the distinction of being the first bank in Sioux City. The firm of Cassady, Myers, and Moore ope...ned an office in October, 1855. Its name was soon after- wards changed and its business seems to have been more on the order of that of a modern real estate office. George Weare lived to celebrate, as President of the Iowa State National Bank, his semi-centennial as a banker in Sioux City; and the bank which he founded became one of the prominent institutions in northwestern Iowa and one of the oldest banks in the State under one continuous manage- ment.^34 FUNCTIONS OF THE PIONEER BANKS The early banks of Iowa numbered among their most im- portant functions transactions connected with real estate.

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