The first bank was organized in 1903 as a private institution

"He promoted and organized the Bank of Menard in 1903, with a capital stock of $50,000 and responsibilities of over $1,000.000, with William Bevans as president." [http://genealogytrails.com/tex/hillcountry/menard/bios1.html]

In June, 1911, the

First National Bank of Menard

was created. The First National Bank of Menard, chartered 10044 was the only Menard bank to issue currency. Bevans' Bank of Menard, apparently, did not dissolve, because in 1914,

Bank of Menard

absorbed the First National Bank of Menard. In August, 1919, the original bank morphed into

The Bevans National Bank of Menard

[Standard Daily Trade Service, August 9, 1919, p. 267]

chartered 11414, which did not issue currency. In December, 1929, the evolution continued, and The Bevans National Bank of Menard became

Bevans State Bank of Menard

In January, 2004, the bank changed again. The Bevans State Bank of Menard became

First State Bank

[www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=45249854]

This explains, finally, the contemporary decal we see on the 1903 Bank of Menard building.