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"History of Eau Claire County Wisconsin, 1914, Past and Present"


Chapter  39 - Banks of Eau Claire County

Introduction

(-as transcribed from pages 536 - 537 )

As early as 1857 C. M. Seeley started a private bank in Eau Claire in a one-story building on Eau Claire street, opposite the present Y. M. C. A. building, and in the fall of the same year Hall Brothers, of Aurora, Ill., opened another private bank with D. R. Moon as cashier and manager. This latter bank closed in 1861. Whipple, Bellinger & Wilson, real estate dealers, also did some banking business in connection with their other affairs. In 1861 C. M. Seeley sold his bank to Carroll C. Spafford, of Rockford, Ill., who in the same year took as a partner DeWitt C. Clark, employed in the county treasurer's office, forming the copartnership of Spafford & Clark. In 1866 the Hon. O. H. Ingram purchased the interest of C. C. Spafford and the firm was succeeded by Clark & Ingram, who continued until 1883. In that year William K. Coffin, of Batavia, Ill., came to Eau Claire and organized the present Eau Claire National Bank, with a capital of $100,000, which succeeded the banking firm of Clark & Ingram. O. H. Ingram was elected president, L. M. Vilas vice-president and Mr. Coffin cashier. Mr. Vilas resigned as vice-president July 12, 1887, and was succeeded by William Carson, who served until his death, January 4, 1898. The firm of Spafford & Clark had a banking office first at about 314 Eau Claire street. They later moved to 203 South Barstow street and finally Clark & Ingram erected a building at the southwest corner of South Barstow street and Grand avenue East, which is the present location of the Eau Claire National Bank. In January, 1902, the following officers were elected by the Eau Claire National Bank: O. H. Ingram, president; W. K. Coffin, vice-president and cashier; C. W. Lockwood, vice-president; T. B. Keith, assistant cashier; E. J. Lenmark, assistant cashier. Mr. Keith was first made assistant cashier January 18, 1896, and finally resigned his position to enter the firm of Keith Brothers in March, 1903.

In January, 1904, Otto von Schrader was elected an assistant cashier. In January, 1905, Mr. Ingram retired and Mr. Coffin was made president, with C. W. Lockwood as vice-president and cashier. In January, 1906, E. J. Lenmark was elected cashier, succeeding Mr. Lockwood. In January, 1909, John Bauman and J. A. Playter were elected assistant cashiers, and in January, 1911, W. S. Woodruff was added to this list. Mr. Bauman resigned some years ago and went to the Eau Claire Savings Bank. At the present date, September, 1914, the capital of the Eau Claire National Bank is $150,000 and the officers and directors are as follows:

Officers: W. K. Coffin, president; C. W. Lockwood, vice-president; E. J. Lenmark, cashier; Otto von Schrader, assistant cashier; J. A. Playter, assistant cashier; W. S. Woodruff, assistant cashier. Directors: D. S. Clark, W. K. Coffin, D. M. Dulany, M. B. Hubbard, A. J. Keith, T. B. Keith, C. W. Lockwood, A. J. Marsh, B. G. Proctor.

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