"In 1900 the Texas & New Orleans Railroad built a line through this area and plotted a townsite here on land owned by Frankie Miller. The town was named for Miss Frankie who donated this site, known as the Town Square, for a city park. By 1908 a city park existed here, and a post office and many of the town's earliest businesses had opened around the park square. A gazebo, built about 1920, replaced a small bandstand and became the site of various local festivities and social events. The park square continues to serve as the town's social and business center. Sesquicentennial of Texas Statehood 1845 - 1995" (Historical marker, City Park on SH 155, Main at Elm, Frankston, TX)

 

The First National Bank of Frankston (Charter #7623) The first National Bank of Frankston printed $14,400 dollars worth of national currency ... This national bank opened February 23, 1905 and stopped printing money December 21, 1908.

It issued only 1902 Red Seals. There are no known notes from this bank.

In 1930, the bank is robbed.