Citizens National Bank

 

The Citizens National Bank was founded in Dickson in 1906, located on the site where later the Bank of Dickson began. The original capital stock of the Citizens Bank was $50,000, and officers included W. R. Boyte, W. H. McMurray, W. A. Meadow, Clint Halbrook and S. E. Hunt. In 1926 the bank built a modern two-story brick building on the corner of North Main and Railroad Streets, with the lower floor serving as the main office and the upstairs rented as office space. Citizens National closed when the U.S. President ordered all banks closed in March 1933. E. W. Stewart was appointed to lead in attempting to convince depositors to accept fifty cents on the dollar for money deposited in the bank when it was closed. In 1933 Citizens National Bank made an unsuccessful attempt to reorganize and re-open.

 

November 19, 1953- Announcement is made by the F D I C and the Department of Banking in Tennessee that the new Bank of Dickson has been approved.  The bank will be located on the corner of North Main Street and Railroad Street in the old Citizens Bank building.  The Electric Department will move out of the building very soon in order for the building to be remodeled for the new bank.

 

January 21, 1954- The Dickson Electric Department offices move out of the Old Citizens Bank Building as the New Bank of Dickson begins remodeling the building for the opening of the New Bank of Dickson.

 

May 28, 1954- The Bank of Dickson opens for business in the two story brick building on the corner of North Main and Railroad Street.  Over 3000 people attended the opening.  The Bank of Dickson is located in the same building built in 1926 by the Citizens Bank.  The new Bank of Dickson opened 38 years to the day after the announcement by the Citizens Bank of plans to build the new building.

 

Photo and text provided by Alan Ragan

Aerial photo circa 1948 of downtown Dickson. The photo is credited to John Morgan, courtesy of The Nashville Banner. This one shows Main Street looking north, with Myatt Drug Store on the left and The Citizens National Bank on the right, which looks very much like it does today as The Bank of Dickson.

 

Provided by Chad Bradford

Main Street looking North - 1920's or 1930's.  Provided by Chad Bradford

Main Street looking North - 1909.  The Citizens National Bank is on the right.