Historical Marker

First National Bank in Rhome

Historical marker location:
US 287, SH 114, Rhome, Texas
( US 287 bypass at SH 114)
Marker installed: 1984
Marker size: 18" x 28"

Prominent area businessman Dan Waggoner began this financial institution in 1904 as a branch of his privately-owned bank in Decatur (15 mi. NW). His son, W.T., served for a time as its president. Rhome's first bank was given a national charter in 1914 and grew steadily through the years. Its sound financial policies enabled it to survive the period of the Great Depression. Headquartered downtown for more than seventy years, the First National Bank in Rhome has been located at this site since 1975.

(1984)

As one of the most visible programs of the Texas Historical Commission (THC), historical markers commemorate diverse topics in Texas history, including: the history and architecture of houses, commercial and public buildings, religious congregations, and military sites; events that changed the course of local and state history; and individuals who have made lasting contributions to the state, community organizations, and businesses.

banks, bankers, banking topics
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Wise County is located in northern Texas and has a rich history that dates back to its establishment in 1856. The area was initially occupied by indigenous tribes such as the Kiowa and Wichita before European settlement began. The county was named after Henry A. Wise, a Governor of Virginia who supported Texas' annexation.

In the early years, Wise County was primarily used for ranching and farming due to its fertile soil and abundant water supply. The arrival of the Fort Worth and Denver Railway in the late 1800s brought increased opportunities for trade and commerce, spurring economic growth in the region.

During the Civil War, Wise County remained divided between Unionists and Confederates, leading to some conflict within the county. After the war, the discovery of coal deposits in the area led to the establishment of coal mining towns, including Newark and Rhome. These towns ushered in a new era of industrialization and attracted more settlers to the county in search of employment.

In the early 20th century, Wise County experienced a decline in coal mining due to competition from other energy sources. However, the discovery of oil in the 1920s sparked a new economic boom. Today, Wise County remains a hub for oil and gas production, contributing significantly to the local economy. It also boasts a diverse agricultural industry and has become a popular destination for outdoor activities such as fishing, hunting, and hiking.

This timeline provides a condensed summary of the historical journey of Wise County, Texas.

  • 1856 - Wise County is established and named after Virginia Governor Henry A. Wise.
  • 1860 - The first post office, called Taylorsville, is established in the county.
  • 1867 - The county's first courthouse is built in Decatur, the county seat.
  • 1873 - The Wise County Old Settlers Association is founded to preserve the county's history.
  • 1882 - The Wise County Messenger, the county's oldest newspaper, is established.
  • 1883 - The Fort Worth and Denver City Railway is completed, connecting Wise County to major cities.
  • 1905 - The county's second courthouse, a grand Neoclassical building, is completed.
  • 1920 - The oil boom hits Wise County, leading to increased drilling and economic growth.
  • 1927 - The county's third courthouse, a Modern Classical structure, is completed.
  • 1969 - Lake Bridgeport, a reservoir, is completed, providing water recreation opportunities.
  • 2000 - The population of Wise County reaches over 48,000 people.
  • 2015 - The Wise County Heritage Museum is established to showcase the county's history.