Sherman in Grayson County, Texas — The American South (West South Central)

Merchants and Planters National Bank

Photographed By Jeff Leichsenring, May 15, 2023

1. Merchants and Planters National Bank Marker

Inscription. One of the oldest banks in North Texas. Replaced Sherman's "Pecan Tree Bank"; for 22 years traders hung saddlebags filled with gold on tree's branches. Bank was founded in 1872 with $150,000 capital when city was 26 years old.

Promoted growth of Sherman and was hub of North Texas area and Indian Territory, serving ranchers, farmers, traders.

Became national bank in 1884. First president was C.C. Binkley; first directors, J.P. Dumas, Silas Hare, Sr., J.M. Lindsay, J.H. Slater, G.V. Winkle, C.A. Andrews.

Erected 1966 by State Historical Survey Committee. (Marker Number 7405.)

Topics. This historical marker is listed in this topic list: Industry & Commerce.

Location. 33° 38.264′ N, 96° 36.586′ W. Marker is in Sherman, Texas, in Grayson County. Marker is at the intersection of North Travis Street and East Elm Street, on the right when traveling south on North Travis Street. Touch for map. Marker is at or near this postal address: 200 N Travis Street, Sherman TX 75090, United States of America. Touch for directions.

Other nearby markers. At least 8 other markers are within walking distance of this marker. Site of Binkley Hotel (within shouting distance of this marker); Federal Building (United States Courthouse) (about 300 feet away, measured in a direct line); Site of Old Sherman Opera House

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(about 400 feet away); Peter W. Grayson (about 500 feet away); Odd Fellows Hall (about 500 feet away); The First Confederate Monument Erected in Texas (about 600 feet away); Gold Star Mothers (about 600 feet away); War Memorial (about 600 feet away). Touch for a list and map of all markers in Sherman.

Merchants and Planters National Bank and Marker image. Click for full size.

Photographed By Jeff Leichsenring, May 15, 2023

2. Merchants and Planters National Bank and Marker

Credits. This page was last revised on May 4, 2024. It was originally submitted on May 16, 2023, by Jeff Leichsenring of Garland, Texas. This page has been viewed 84 times since then and 26 times this year. Photos: 1, 2. submitted on May 16, 2023, by Jeff Leichsenring of Garland, Texas. • James Hulse was the editor who published this page.