Eastland Co Jail Reports Jan 31-Feb 7, 2012

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Cutting the ribbon: Judge Fields, Mayor Hart, Mayor Maples, and Mayor Pipkin

“It is a great day for Eastland County” State Representative Jim Keffer said in his speech during the Eastland County Museum’s ribbon cutting event.   Keffer spoke of many people and events that have been a part of Eastland County history.  “This is a county-wide spirit…. a celebration of our history, a celebration of our hertiage” Keffer stated.

Wednesday afternoon, Eastland County was represented by Eastland Mayor Mark Pipkin, Ranger Mayor Raymond Hart, Cisco Mayor James Maples, Eastland County Judge Rex Fields, as well as many other Eastland County residents and city officials.  Along with the ribbon cutting was the unveiling of the state historic sign which now sits in front of the building.

Dan Hudson, Ed Allcorn, Rhyne Hobbs

Eastland County Museum Board President, Terry Simmons, extended the boards thanks to the many people who helped with the museum project.  Ed Allcorn was recognized as the person who, as Simmon’s stated, “birthed this idea”.   Ed Allcorn was the Majestic Theater manager for years.  Along with those responsibilities he was always gathering information, items and photos that recounted the history of the area.   The Eastland County Museum was a project he invested much of his own time and resources to get the doors open.  Ed became ill and was no longer able to continue with the museum project and it’s future became questionable.  The Eastland County Museum reorganized with a new board of directors and the help of many in the county, has been given new life.

The Eastland County Historical Commission were instrumental in getting the historical marker for the building.  Board members of the commission are Chair: Ed Allcorn, Co-Chair: Jeane Pruett, Treasurer: Donna Thackerson, Secretary: Ruth Stewart, Wynelle Brown, Dan Hudson, Dean Vernon, Martha Elliott, Joy Conner, and Jeannie Griffin.

Eastland High School Jazz Band

The Eastland County Board of Directors are Terry Simmons, president; Jeannie Griffin, treasurer; Anna Ford, secretary; Anne Zoellick, Rhyne Hobbs, and Angela Kennedy-Robinson.  John Bailey recently resigned from the board.  John had been instrumental in helping find legal documents and background information that was needed to get the museum open again.

The Eastland High School Jazz Band offered entertainment before the event began.  Eastland High School FFCLA made the cupcakes that were as delicious as they were decorative.  Ann and Claire Zoellick made the punch with Claire doing the serving throughout the event.

The Historic marker states the following:

Jeane Pruett and Rep Keffer unveiled the State Historical Marker

Early Banking in Eastland

The evolution of Eastland banks reflects local economic conditions and global influences.  Soon after the Texas and Pacific Railway reached town in October 1880, a Mr. Berry of Stephenville opened the first bank in Eastland in Jacob Alexander’s Dry Goods Store.  Eastland National Bank began in the fall of 1890 on the square, with Major W. H. Parvin as president and John T. Yeargin as cashier.  Eastland County Bank ran from the late 1890s to 1904 in the same location.  City National Bank opened in 1905, with G. H. Connell as the first bank president and T. E. Downtain as vice-president.

First State Bank opened in 1909 as the first state chartered bank in Eastland.  The next surge in new banks followed discovery of the Ranger oil field in 1917.  In two years, Eastland’s population grew from 1,000 to 9,368, and banks in the county numbered eighteen.  In 1919-21, First State Bank built a new headquarters on this site, designed by architect Henry T. Phelps.  Oil production declined in the early 1920s, and First State absorbed smaller banks.  City National Bank closed in 1921 after a brief incarnation as Security State Bank and Trust.  First State Bank failed in January 1924, with Texas State Bank taking over the building and assets.

A few months after the stock market crash of 1929, the county’s banks had decreased to seven and Texas State was Eastland’s only bank.  After a run on deposits on October 1, 1931, Texas State Bank closed its doors for good.  The town was without a bank until a new Eastland National Bank opened on this site in November 1934.  As the city and nation slowly emerged from the great depression with strengthened banking regulations and a more diverse economy.

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