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History 1884 - 2006 . . . 123 years of bankingThe First National Bank of Holdrege began as Farmers & Merchants Bank in Phelps Center, about 5 miles north and west of Holdrege. The bank was founded by R.T. McGrew, P.O. Hedlund and A.L. Clarke, men partially responsible for founding Phelps Co. The railroad decided not to go through either Phelps Center or Sacramento, but to found a new town, Holdrege, half way between. The town named for George Holdrege, a railroad engineer, began on Oct. 28, 1883. The Farmers & Merchants Bank in the form of a twenty by forty foot wood framed building was moved to the present corner location in Holdrege. It was one of the first businesses in the new town.The bank was re-chartered from a state bank to a national bank and became the First National Bank of Holdrege on April 1, 1884. On April 9, 1890, the controlling interest of the bank was purchased by Mr. L.J. Titus and Mr. George W. Updike. In 1893 Mr. Titus purchased the interest of Mr. Updike and moved to Holdrege. Today, the First National Bank of Holdrege still remains under the active direction of the Titus family. Currently serving are: Mr. Eric J. Titus Board of Directors/Senior Vice President Mrs. Paula A. Titus Public Relations Mr. Kirk Dielman Board of Directors/General Counsel Mr. L. Ted Titus Assistant Vice President Mrs. Karen Dielman Board of Directors |
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