First National Bank (Salt Lake City) Explained

First National Bank
Location:163 South Main Street,
Salt Lake City, Utah
United States
Coordinates:40.7656°N -111.89°W
Built:1871
Architect:Thomas J. Thompson
Added:May 24, 1976
Area:less than one acre
Refnum:76001825

The First National Bank is a historic bank building in downtown Salt Lake City, Utah, United States, that is listed on the National Register of Historic Places (NRHP).

Description

The building is a 3-story commercial building designed by Thomas J. Thomson and Richard M. Upjohn and constructed in 1873. Originally four stories, the building lost its top floor to fire in 1875. The building has one of only two cast iron facades in the city, the other visible at the Z.C.M.I. Building. The First National Bank was added to the NRHP May 24, 1976.[1]

Early history

Construction began on the First National Bank building in 1872 after demolition of the Commerce Building on East Temple Street.[2] East Temple Street was renamed Main Street in 1906.[3] The building featured a cast iron facade that was assembled as quickly as it arrived. Bank president Warren Hussey became the sole owner of the building and the bank in December, 1872.[4] The building opened in September, 1873.[5]

An early description of the building and its ornate decorations was printed in The Daily Graphic:

The Salt Lake Herald offered similar descriptions of the beautiful new building,[5] [6] [7] but its opening coincided with the Panic of 1873, and depositors remained skeptical.[8] Almost immediately the bank suspended payment on checks, citing a lack of currency.[9] Reopening a month later, the bank operated for a year, and it soon received $30,000 in currency.[10] However, the bank closed in November, 1874, and its building became the property of the Walker Brothers.[11] [12] John C. Ball was appointed receiver.[13]

Deseret National Bank opened temporary offices in the building in June, 1875.[14] In November a fire destroyed the top floor and damaged adjacent buildings.[15]

See also

Notes and References

  1. Web site: [{{NRHP url|id=76001825}} National Register of Historic Places Inventory/Nomination: First National Bank / Masonic Hall; Wells Fargo or Bamberger Building ]. National Park Service. Allen D. Roberts . October 22, 1975 . May 15, 2019. With
  2. News: Disappearing . The Salt Lake Herald . Salt Lake City, Utah . September 5, 1872 . 3 . May 14, 2019.
  3. News: Main Street, SLC . Twila Van Leer . Deseret News . Salt Lake City . March 11, 2001 . May 14, 2019 . https://web.archive.org/web/20190515055059/https://www.deseretnews.com/article/830518/Main-Street-SLC.html . May 15, 2019.
  4. News: First National Bank . Salt Lake Herald . Salt Lake City, Utah . December 20, 1872 . 3 . May 14, 2019.
  5. News: New Bank Building . The Salt Lake Herald . Salt Lake City, Utah . August 30, 1873 . 3 . May 14, 2019.
  6. News: A Fine Structure . The Salt Lake Herald . Salt Lake City, Utah . April 19, 1873 . 3 . May 14, 2019.
  7. News: The Magnificent Structure for the First National Bank . The Salt Lake Herald . Salt Lake City, Utah . August 30, 1873 . 3 . May 14, 2019.
  8. News: The Financial Crash . The Salt Lake Herald . Salt Lake City, Utah . September 24, 1873 . 1 . May 14, 2019.
  9. News: First National Bank Suspended . The Deseret News . Salt Lake City, Utah . October 1, 1873 . 10 . May 14, 2019.
  10. News: New Currency . The Salt Lake Herald . Salt Lake City, Utah . November 2, 1873 . 3 . May 14, 2019.
  11. News: First National Bank . Salt Lake Tribune . Salt Lake City, Utah . November 13, 1874 . 4 . May 14, 2019.
  12. [Walker Center]
  13. News: First National Bank . The Salt Lake Herald . Salt Lake City, Utah . December 11, 1874 . 3 . May 14, 2019.
  14. News: Deseret National Bank . The Salt Lake Herald . Salt Lake City . June 2, 1875 . 3 . May 14, 2019.
  15. News: Fire in the City . Deseret News . Salt Lake City, Utah . November 17, 1875 . 1 . May 14, 2019.