Midland National Bank
Historical marker location:Organized on August 22, 1902, in Odessa as Odessa National Bank, this institution began with an initial capital of $25, 000. Less than one year later the bank's shareholders voted to relocate to Midland and the institution became Midland National Bank. The bank set up offices in the Llano hotel building at the corner of Wall and Main Street. Early leadership for the institution was provided by such prominent people as D.W. Brunson, Andrew Fasken, and Ralph Barron.
With its business largely dependent upon the cattle industry, the bank served its customers until a prolonged drought caused an economic crisis which led to its reorganization in 1923. By 1927 the oil industry had become the major business of the bank. Throughout the subsequent "boom and bust" years of the oil business, the bank has continued operations.
A new three-story bank building was erected in 1953 on the corner of Texas and Big Spring, and a nine-story tower was added four years after. In a continued period of growth, the bank merged with the Bank of the Southwest in 1968. A new fourteen-story building was completed at this site in 1976. In 1983 the bank's name was changed to First City National Bank of Midland
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.
Texas was the product of men who knew how to use their brains as well as their fists.
The first recorded European exploration in Midland County occurred in the mid-19th century when U.S. Army surveyors visited the area. In the late 1800s, settlers began establishing small ranching communities in the region. However, the true transformation of Midland County came in the early 1900s with the discovery of oil.
Following the discovery of oil, Midland County experienced a significant boom. The oil industry attracted thousands of people seeking fortune and opportunities. Midland became a major hub for oil production and attracted major oil companies. The boom brought rapid growth and development to the region, with infrastructure such as roads, housing, and businesses being built to accommodate the increasing population.
In recent decades, Midland County has continued to thrive as a center for the oil and gas industry. Its favorable geological formations and rich oil reserves have made it one of the largest oil-producing regions in the United States. Alongside the oil industry, Midland has diversified its economy with sectors such as agriculture, manufacturing, and healthcare. Today, Midland County is known for its vibrant economy, bustling downtown, and strong sense of community. The county's history of resilience and adaptability has shaped it into a thriving region with a promising future.
Midland County Timeline
This timeline provides a concise overview of the key events in the history of Midland County, Texas.
- 1885 - Midland County is officially organized.
- 1886 - The first post office in Midland County is established.
- 1890 - The population of Midland County is recorded as 418.
- 1905 - The Moody family discovers oil near Midland, sparking the oil boom in the region.
- 1920 - Midland's population reaches 7,500 due to the oil boom.
- 1927 - The city of Midland is incorporated.
- 1942 - Midland Army Air Field is established as a military training base during World War II.
- 1951 - Midland College is founded.
- 1952 - The Permian Basin Petroleum Museum is established in Midland.
- 1990 - The population of Midland County reaches over 90,000.
- 2012 - The George W. Bush Childhood Home is opened as a museum in Midland.