This financial institution was organized in 1883 by Decatur bankers Dan Waggoner, Henry Greathouse, and other pioneer businessmen. Waggoner's son, W. T. Waggoner (b. 1854), a prominent Texas cattleman and oilman, served as bank president from 1904 until his death in 1934. His sound leadership enabled the bank to survive the Depression and become a leader in developing the Wise County area. Located on Decatur's town square for over eighty years, the First National Bank moved to this site in 1966.