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Presidents Farmers & Merchants National Bank Ashland, Nebraska
Ernest A. Wiggenhorn, Sr.; Edwin A. Fricke; Hugo A. Wiggenhorn; Robert H. Fricke; Ernest A. Wiggenhorn, Jr. |
On November 15, 1883, Ernest A. Wiggenhorn, Sr. founded the Farmers and Merchants Bank, a private institution. Mr. Wiggenhorn had been a resident of Ashland since the 1870s and had been in several businesses in town such as the Leola Mill built in 1873 and the lumber and coal business.
The Bank opened its doors to the public with a capital of $10,000.00, in a room in the old Snell Block on the corner of 14th and Silver. Mr. E.A. Wiggenhorn, Sr. was president and H.A. Wiggenhorn, his son, was cashier. After a few years it was obvious that more space was needed and in 1887 a new building was erected at 15th and Silver on the location of Mr. Wiggenhorn's lumber yard. The new building, which also included a hotel, The Selma, cost $20,000.00 to erect.
In 1930, the bank again expanded and remodeled adding space to the south. Additional remodeling occurred in 1959 and again in 1983, the bank is expanding into space once part of the now closed Selma Hotel adding additional office space and updating the front of the building.
In 1904, the bank was incorporated as a State Bank and in 1930 became the Farmers and Merchants National Bank.
Management of the bank has remained in the same family since its founding 100 years ago. After the death of E.A. Wiggenhorn, Sr. in 1904, his son, Hugo A. Wiggenhorn became president. Serving until his death in 1931, H.A. Wiggenhorn was succeeded by his brother, Ernest A. Wiggenhorn, Jr. In 1940, Edwin A. Fricke, husband of Louise Wiggenhorn Fricke, granddaughter of the first president, was elected president. Robert H. Fricke current president was elected in 1970. The fifth generation is now represented by Robert C. Fricke, cashier.
A celebration of 100 years of service to its community is planned for November, 1983.
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