The name on the side of the fuselage is Marion Cole. The Cole family was in the airshow business for many years and based out of Kewanee Illinois for quite a while. The airplane is a WWII era Stearman. The picture probably dates from the 1960s. Cole flew as part of the original Cole Brothers Air Shows after World War II, then established the Marion F. Cole Air Shows which operated off and on until the early 1990s.

Thanks to the fine people on the EAA forums, I got an answer in under 8 hours. Kind of like here with the old chippers?