On October 27, 1888, Tom Bean was founded on what was then a new branch of the Cotton Belt Railway between Commerce and Sherman, Texas. The town was named by J.W. Pennell in honor of his friend Thomas C. Bean, who was a wealthy, eccentric land surveyor and donor of the land upon which the town was built. Bean, a bachelor who lived in Bonham, Fannin County, Texas owned a section of land at what ultimately became the town, and as an inducement for the railroad to build through that area, he donated land for the railroad right of way, and later 50 acres of land to be used for the townsite. Bean died in 1887; the year the city of Tom Bean was informally established. Nearby Whitemound, which was bypassed by the railroad, lost its post office to Tom Bean in 1888; many Whitemound settlers subsequently vacated and moved to the new town where they established homes and businesses. Mr. Bean's estate began to sell town lots surrounding the railroad in the 1890s. The city school was moved in 1891 from a one-room structure to a two-story building with an auditorium. Several Christian denominations, including the Church of Christ (1890), Baptist, Presbyterian, and Methodist, established churches in town. J.B. Hindman was the first railroad agent, and a boxcar served as the first temporary depot until a more permanent one could be erected in February 1888.The original business district ran parallel to the railroad, but in 1906, three brick buildings were erected one block south of the railroad. News from the time indicates that Tom Bean first voted to incorporate sometime in mid 1891. W.W.Arnold was elected as Tom Bean's first Mayor in 1893, and H.A.Sroufe was its first City Marshal. A city charter was signed in 1897, and the first mayor elected thereafter was Ice B. Reeves. In the early days of the 20th century, the city boomed. Within a few years, it boasted a grain company, a furniture company, a drugstore, a newspaper called the
Tom Bean Bulletin, a saloon, a dance hall, a movie theater, a justice court, a jail, and the Tom Bean social club. As time progressed, the sharp increase in automobile travel and transport, and the decline of
cotton as the principal crop of the area, led businesses to the larger cities of
Denison and Sherman, the county seat. Though never again the railroad boomtown of the late 19th and early 20th centuries, the community enjoyed a growth spurt in the 1950s and 1980s, celebrating its centennial in 1987. Current growth is due to its proximity to nearby
Sherman, to the northwest. ==Geography==