American National Bank
In 1911 the American National Bank had
a capital of $75,000. Its officers were J. M. Mitchell, President;
Theodore G. Risley, vice president; M. J. White, cashier and L. E.
McKittrick, assistant cashier. American National began in 1893 as Wabash
Savings Bank. In 1900 it became American State Bank and in 1901 became
American National Bank. In 1903 it located to 410 Market and built a nice
stone front building which still exists although vacant. In 1919 the old
Sears Block was torn down to make way for a larger facility for American
National Bank at the southeast corner of 5th and Market (now the Dee
building). In 1931 it became known as American-First National Bank of Mt.
Carmel when it absorbed First National. In 1932, during the Great
Depression, American National suspended operations under order of
President Roosevelt. A citizens committee formed to quell rumors of
insolvency but in 1934 the bank closed when placed in
receivership.
Employees of American National Bank
1926.
410 Market Street, site of American
National Bank. Later this site served as the Stone Front tavern and later
Gatsby's Pub. It was totally renovated a few years ago and is now a beauty salon in the front, a geologist's office in the rear and additonal offices on the second floor.
