Details for Midland National Bank

Historical Marker — Atlas Number 5329003368


Marker Number 3368
Atlas Number 5329003368
Marker Title Midland National Bank
Index Entry Midland National Bank
Address 500 W Texas
City Midland
County Midland
UTM Zone 13
UTM Easting 777817
UTM Northing 3544363
Subject Codes banks, bankers, banking topics
Marker Year 1988
Recorded Texas Historic Landmark No
Marker Location 500 W. Texas, Midland
Private Property No
Marker Condition In Situ
Marker Size 27" x 42"
Marker Text Organized on August 22, 1902, in Odessa as Odessa National Bank, this institution began with an initial capital of $25, 000. Less than one year later the bank's shareholders voted to relocate to Midland and the institution became Midland National Bank. The bank set up offices in the Llano hotel building at the corner of Wall and Main Street. Early leadership for the institution was provided by such prominent people as D.W. Brunson, Andrew Fasken, and Ralph Barron. With its business largely dependent upon the cattle industry, the bank served its customers until a prolonged drought caused an economic crisis which led to its reorganization in 1923. By 1927 the oil industry had become the major business of the bank. Throughout the subsequent "boom and bust" years of the oil business, the bank has continued operations. A new three-story bank building was erected in 1953 on the corner of Texas and Big Spring, and a nine-story tower was added four years after. In a continued period of growth, the bank merged with the Bank of the Southwest in 1968. A new fourteen-story building was completed at this site in 1976. In 1983 the bank's name was changed to First City National Bank of Midland.

Location Map

View this record in full map (opens in new tab/window)