Banking in Auburn.
G. W. Davidson Banking
Company
George W.
Davidson originally came from Warren County, Kentucky. He was
a merchant businessman whose first retail outlet was at
Richelieu, North Logan County, KY. He sold this business and
moved to Auburn where he opened a dry goods store. At that
time, to remain in business, he like other merchants had to
give credit to his customers, "until the next fair day," or
"when the crops come in."
Since giving
credit became so popular he decided to go into the business of
giving credit and set up a bank at the back of his store on
the south side of the Public Square at Auburn. This building
was in a timber framed two story block at the south end of the
Square, which has since been replace by a block of single
story brick buildings after the big fire in Auburn in the
early 1870s. On or about 1878 G. W. Davidson, seeing how
successful his little banking business had become, decided to
make a full time career of it.
He
transferred his banking operation to the brick building, which
is now known as 101 Public Square, Auburn.
This banking
company set up by G. W. Davidson was known as the G. W.
Davidson Banking Company.
This property
was "listed in the National Register of Historic Places on
October 29, 1982. The two-story brick commercial building with
parapet roof and entrance on the long side facing the square.
First home of the G. W. Davidson Banking Company, Auburn's
earliest bank."
Just before 1900 Aull & Company,
Druggist, moved premises from the corner of East Main
Street/Spring Street to the north side of Main Street i.e. the
corner of East Main Street/Pearl Street.
From pictures
available to us, the new bank building bears no resemblance to
the new building. It is obvious that the old Aull building was
demolished and in it's place was built the new G. W. Davidson
Banking Company building.

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This
is a picture of the Aull premises circa 1900 |
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Here is a picture of the G. W. Davidson banking
Company building which was built about 1926 |
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This picture on
the right above shows a solid inscribed stone, on the front
wall, jutting up over roof level. The inscription reads: "G.
W. Davidson & Co. Bankers." Also over the door is the
inscription "Auburn Banking Co." See the blown versions below.


Today this
property is owned by the Auburn City having been previously
occupied by Logan Telephone Cooperative. Shortly after the
City taking over the building Marie Foley followed up with the
City as to what has happened to the stone inscription. Nobody
seemed to be sure as to when, how or why it was removed. One
theory is that it was removed for safety reasons and is
supposed to have crumbled in the process.
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Today it
looks like this.
 |
Timeline for G. W. Davidson
1839
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George Washington Davidson was born in Warren County, KY |
Early 1870s
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Started a Dry Goods Store
in Auburn, KY, having sold his store in Richelieu, Logan
Co., KY
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| 1878 |
Organized a Banking
Business at 101 Public Square, Auburn. It was a custom
built building and outwardly looks the same as it did in
1878
|
1919
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G. W. Davidson
died at the age of 80.
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Presidents
|
G. W. Davidson
was the 1st president of the bank. He was followed by
Aaron McCarley and later Thomas Hamblin
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Abt 1926
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About 1926, having reorganized
the banking structure to a stock company, the G. W. Davidson
Banking Company moved the business to 101 East Main Street, into the
newly renovated building once occupied by Aull & Co.
|
1927
|
On Aug 8th, 1927 Mr. Finis Wilson
took up a position with G. W. Davidson Banking having previously work in
Greensburg.
|
1929
|
G. W. Davidson Banking
Company merged with the Bank of Auburn on March 20, 1929 forming the Auburn
Banking Company.
|
| 1929 |
The premises of G. W. Davidson at
101 East Main Street became the operation center of the merged Auburn
Banking Company in 1929. |