The Bank of Florence
The bank was owned and operate by the respected Iowa financial firm of Cook and Sargent. it played an important role in the aspiration of the town Florence to become the leading transportation and financial center of Nebraska. Frontier banking practices were lax and along with other banks in Nebraska Territory the Bank of Florence issued quantities of unsecured "wild cat" currency and financed speculation in land. Weakened by the financial panic of 1857 the Bank failed in 1859. Only one bank in Nebraska survived the Panic.
The building housed a variety of subsequent business operations including a second Bank of Florence which was chartered in 1904. It is now restored as it appeared in territorial times.
Erected by Florence Historical Foundation & Historical Land Mark Council. (Marker Number 50.)
Marker series. This marker is included in the Nebraska State Historical Society marker series.
Other nearby markers. At least 8 other markers are within walking distance of this marker. Mormon Pioneer Memorial Bridge (here, next to this marker); From Indian Lands to the Golden Gate (within shouting distance of this marker); A Little Town That Dreamed of Greatness (within shouting distance of this marker); Winter Quarters (about 600 feet away, measured in a direct line); The Mormon Pioneer Trail (approx. 0.4 miles away); A Meeting House for the Saints (approx. 0.4 miles away); The Florence Mill (approx. 0.4 miles away); a different marker also named The Florence Mill (approx. 0.4 miles away). Click for a list of all markers in Florence.
Also see . . . Bank of Florence Museum, Omaha, Nebraska ~ Wikipedia. (Submitted on November 14, 2015, by Keith S Smith of West Chester, Pennsylvania.)
Categories. • Industry & Commerce •
Credits. This page originally submitted on , by Tom Bosse of Jefferson City, Tennessee. This page has been viewed 162 times since then and 32 times this year. Photos: 1, 2, 3. submitted on , by Tom Bosse of Jefferson City, Tennessee. • Bill Pfingsten was the editor who published this page. This page was last revised on June 16, 2016.