First National Bank of Boley, Oklahoma, 1st Afro-American Bank and No National Bank Notes
The “First National Bank of Boley, Oklahoma,” Charter 12012, (09/01/1921 – 07/03/1928) was the “First Afro-American National Bank” owned by Afro-Americans in the United States and the “Douglas National Bank of Chicago”, Charter 12227, (11/4/21 – 5/21/32) was the “Second Afro-American National Bank”. The myth was that the "Douglas National Bank of Chicago" was the first, mainly because it issued National Bank Notes and the "First National Bank of Boley" did not issue National Bank Notes, (with its name on them) and most people assumed the "Douglas National Bank” was the First. (Why the "First National Bank of Boley" did not issue notes could have been because: (1) It could not meet the specific requirement to purchase government bonds; (2) It may have chosen to use Federal Reserve Notes). See U.S. National Bank Lookup (1863-1935) (spmc.org). Has anybody seen, or heard of a National Bank Note from the "First National Bank of Boley, Oklahoma". It was also well known for a failed "Pretty Boy Floyd" bank robbery after it was absorbed by the "Farmers and Merchants" bank system in 1928. Boley Restoration Project Highlights Ties To Pretty Boy Floyd Gang - YouTube
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