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As early as 1845, two years before Denton County was organized, settlers began making their homes near the place known as "Pilot's Point," situated on the edge of the Cross Timbers Section of Texas.
On the northwest corner of the Square in 1852 he built his home and drugstore.
In 1853 D. W. Light came from Kentucky and put cattle on the sprawling range east of Pilot Point.
On February 11, 1854, a plat of the town of Pilot Point was laid off by James Pierson for the heirs of Charles Smith.
After being duly certified, the plat was recorded June 28, 1854, in the Denton County Courthouse.
Major James D. Walcott, a Rhode Island native, moved to Pilot Point from Missouri in 1854, opening the first general merchandise store in the town.
A grist mill was built one block south of the Square in 1854.
He also became the first postmaster on June 12, 1855, when the first post office was established.
In 1856 to this couple from Missouri was born their first child, L. Z. Eddleman, the first child born in Pilot Point.
In 1872 the Pilot Point Seminary was established.
Using brick made locally, John Merchant in 1872 erected on the northeast corner of the Square, the first brick building in Denton County.
Pilot Point was on the route of the Butterfield Stage, which brought the mail, and then in 1877 came the first telegraph line, or wire, running from Sherman west through Pilot Point along "Wire Road," known today as Farm Road 1192.
The town's first newspaper, The Post, appeared August 31, 1878.
In the autumn of 1880 the first train rolled through Pilot Point over the newly constructed line of the Texas and Pacific Railroad.
The first bank in town, a private one, opened in 1884.
By 1892 the name was changed to Franklin College, an outstanding subscription school with fifteen teachers for students from the primary grades through college.
The early years of the 1900's found Pilot Point humming with activity as a marketing center for farmers and stock raisers, who, then as now, experienced good years and bad years.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Newfield Bancorp | - | $22.2M | 100 | - |
| CitizensBankLa | 1916 | $12.8M | 50 | - |
| Habersham Bancorp | - | - | 104 | - |
| Hancock County Savings Bank | 1899 | $20.0M | 99 | - |
| Marblehead Savings Bank | 1871 | $5.5M | 350 | - |
| AMERICAN BANCORP OF OKLAHOMA | - | $25.1M | 100 | - |
| Mascoma Bank | 1899 | $70.9M | 278 | 6 |
| Eagle Valley Bank | - | $2.0M | 50 | - |
| Jersey State Bank | 1903 | $8.6M | 20 | - |
| McFarland State Bank - Member FDIC | - | $21.9M | 31 | - |
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