Historical Marker

First National Bank of Paris

Marker installed: 1969
Marker size: 27" x 42"

Organized and opened for business at its present location in 1886 by William J. McDonald (1844-1926), Civil War veteran and lawyer. Earlier he had opened the Citizens Bank of Clarksville and in 1889 he established a Delta County Bank. Under his shrewd leadership the banks prospered. Although careful in the granting of loans, he was also lenient about their repayment and seldom foreclosed. Aside from McDonald, the original stockholders included George F. Hicks, A. G. Hubbard, Edward Reuss, and R. F. Scott, Sr.

McDonald was bank president for many years and upon his death, left the bulk of his estate to the University of Texas to erect an observatory. In 1939 McDonald Observatory, in West Texas, was dedicated.

Present bank building was completed in 1916, but less than 3 months later was gutted by a ruinous city-wide fire. Within the year, however, it was restored.

Throughout the years, the bank has been a bulwark of the area's economy. During the Great Depression of the 1930s, its loans enabled many merchants and farmers to stay in business. In 1951 the bank portion of the building was remodeled.

The present chairman of the board is Michel T. Halbouty and president is C. Glynn Lowe

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
Audiobooks about the history of Texas.
In the late 19th century, Texas became known for its cattle drives, in which cowboys would move herds of cattle from Texas to railheads in Kansas and other northern states. The cattle drives were dangerous and difficult work, but they played a key role in the development of the American cattle industry.
Texas random facts
Lamar County, Texas has a rich and diverse history that spans centuries. The area was originally inhabited by Native American tribes, including the Caddo and Cherokee. European settlement began in the 1830s when Texas was part of Mexico, and a few years later, the region became part of the Republic of Texas.

The county was established in 1841 and named after Mirabeau B. Lamar, the second president of the Republic of Texas. In the mid-19th century, Lamar County became a center for farming and agriculture, with cotton and corn being the primary crops. The arrival of the railroad in the late 19th century further boosted the local economy.

During the American Civil War, Lamar County played a significant role. Many residents joined the Confederate Army, and the county became a key supplier of agricultural goods and troops to the Confederacy. After the war, the economy faced challenges and began diversifying into other industries such as timber and manufacturing.

In the 20th century, Lamar County experienced periods of growth and change. The discovery of oil in nearby counties led to increased economic development, and the county became a hub for the petroleum industry. Today, Lamar County continues to thrive with a strong agricultural base, as well as industries such as healthcare, education, and manufacturing, making it an important part of Texas' history and economy.

This timeline provides a glimpse into the major events and milestones that have shaped the history of Lamar County, Texas.

  • 1840: Lamar County founded and named after Mirabeau Buonaparte Lamar, the second President of the Republic of Texas
  • 1841: First settlement established in the county
  • 1843: County seat designated as Lafayette, later renamed Paris in 1844
  • 1850: Population of the county reaches 3,064
  • 1855: Paris becomes an incorporated town
  • 1861: Lamar County supports secession and joins the Confederate States of America during the American Civil War
  • 1877: The Texas and Pacific Railway reaches Paris, boosting the local economy and population growth
  • 1878: A devastating fire destroys much of downtown Paris
  • 1888: Paris becomes an independent school district
  • 1893: The Sam Bell Maxey House, now a museum, is built in Paris
  • 1922: Paris Junior College is established
  • 1957: Construction begins on the Pat Mayse Lake, providing recreational opportunities for residents
  • 1985: The county courthouse in Paris is added to the National Register of Historic Places
  • 2010: The population of Lamar County reaches 49,793