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    Description

    Rare and Lovely Wachovia NB of Winston Brown Back

    Winston, NC - $10 1882 Brown Back Fr. 490 Wachovia NB Ch. # 2425 PCGS Very Fine 25PPQ.
    The banking institution that Southerners knew for over 100 years as a beacon of stability was started in 1879 in Forsyth County, North Carolina by William A. Lemly. He chartered The Wachovia National Bank of Winston in June of that year with $100,000 in capital. His bold signature adorns this beautiful and problem free note. Only a few nationally recognized banking institutions started as fledgling National Banks. Notes from this bank remain one of the most coveted among them because they are so scarce and a glance at the company's history provides the reason why. In 1911 Lemly's Wachovia National Bank was liquidated and merged with Wachovia Loan and Trust Company, ending the issuance of National Bank Notes bearing the Wachovia name. Today, just seven notes are known to exist, although most of them are tied up in institutional holdings or long-term collections. From what we can gather, this is quite possibly the finest of the seven and the bold founder's signature is the icing on the cake. A truly significant piece of North Carolina and National banking history.
    From the Greensboro Collection, Part VII


    View all of [The Greensboro Collection, Part VII ]

    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
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