Fred Rasa & the Bank of Florence
On April 8, 1918, the Bank of Florence was founded by a group of local businessmen in Florence, Missouri, a town of approximately one hundred men and women. The organization was formed with H.A. Bremer as president, F. H. Rasa, vice-president, and P.W. Buehler as cashier. Frederick Henry Rasa, (1873-1937) was a farmer, stock dealer, businessman, civic leader, and my great grandfather. While it remained financially sound, the Florence Bank directors made the decision to permanently close the bank on November 9, 1934. At that time the bank held $45,125 resources.