Iowa’s national banknote history is a testament to the state’s agricultural strength and community-driven banking culture. As the heartland of America, Iowa’s towns and cities relied on local banks to finance farms, railroads, and small businesses. From the rolling fields of Cedar County to the bustling streets of Des Moines, Iowa’s national banknotes reflect a deeply rooted tradition of local trust and economic resilience.

A Widespread Network of Issuers

Between 1863 and 1935, 496 national banks across Iowa issued currency, making the state a major participant in the National Bank Note Era. Larger cities like Davenport, Cedar Rapids, and Council Bluffs hosted multiple issuing banks, while smaller towns such as Clarence, Titonka, and Klemme also left their mark. The First National Bank of Webster City (Charter #1874) and the Union National Bank of Ames (Charter #3017) are just two examples of institutions that served as financial anchors for their regions.

Currency as a Chronicle of Community

Iowa’s national banknotes offer a rich visual and historical record of the state’s development. A $20 Series 1902 Plain Back from the First National Bank of Clarence (Charter #7682), signed by R.O. Hoyer and M.B. Cottrell, captures the spirit of a small-town institution during the early 20th century. Notes from towns like Boone, Thompson, and Dunkerton reflect the diversity of Iowa’s local economies—from grain elevators and general stores to banks that doubled as post offices and civic centers.

Conclusion

Today, Iowa national banknotes are cherished for their scarcity, charm, and connection to the communities that issued them. Whether printed for a thriving city or a quiet farming town, each note is a tangible link to Iowa’s role in shaping the financial fabric of the Midwest. In the broader story of American currency, Iowa’s contribution is both humble and profound.