Broadway National Bank, Richmond, VA (Charter 10344)

Postcard of the Broadway National Bank of Richmond, Virginia, located on Fifteenth and Main Streets ca1910s.

Broadway National Bank, Richmond, VA (Chartered 1913 - Liquidated 1929)

Town History

Postcard of the Broadway National Bank of Richmond, Virginia, ca1920s.

Richmond is the capital city of the Commonwealth of Virginia. It was incorporated in 1742 and has been an independent city since 1871. As of the 2010 census, the city's population was 204,214; in 2020, the population grew to 226,610, making Richmond the fourth-most populous city in Virginia. The Richmond Metropolitan Area has a population of 1,260,029, the third-most populous metro in the state.

Richmond is at the fall line of the James River, 44 miles west of Williamsburg, 66 miles east of Charlottesville, 91 miles east of Lynchburg and 92 miles south of Washington, D.C. Surrounded by Henrico and Chesterfield counties, the city is at the intersections of Interstate 95 and Interstate 64 and encircled by Interstate 295, Virginia State Route 150 and Virginia State Route 288. Major suburbs include Midlothian to the southwest, Chesterfield to the south, Varina to the southeast, Sandston to the east, Glen Allen to the north and west, Short Pump to the west and Mechanicsville to the northeast.

The site of Richmond had been an important village of the Powhatan Confederacy, and was briefly settled by English colonists from Jamestown from 1609 to 1611. The present city of Richmond was founded in 1737. It became the capital of the Colony and Dominion of Virginia in 1780, replacing Williamsburg. During the Revolutionary War period, several notable events occurred in the city, including Patrick Henry's "Give me liberty or give me death" speech in 1775 at St. John's Church, and the passage of the Virginia Statute for Religious Freedom written by Thomas Jefferson. During the American Civil War, Richmond was the capital of the Confederacy.

The Main Street Banking Historic District is a national historic district located in downtown Richmond, Virginia.

Richmond had 11 National Banks chartered during the Bank Note Era, and all 11 of those banks issued National Bank Notes. Richmond also had one Obsolete Bank that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).

Bank History

Organized February 10, 1913
Chartered March 10, 1913
Succeeded The Broad Street Branch of The Commonwealth Bank of Richmond
Liquidated April 9, 1929
Succeeded by Broadway Bank & Trust Company of Richmond

On February 15, 1913, the officers and directors of the Broadway National Bank were: H.N. Phillips, president; W.L. Walters and J.F. Walsh, vice presidents; F.L. McConnell, cashier; and T.A.H. Broocks, assistant cashier. Directors H.N. Philips, president, Broadway National Bank; W.L. Walters, president, Commonwealth Bank; J.F. Walsh, capitalist; Alvin M. Smith, president Smith-Courtney Co.; R.H. Bruce, vice president, Union Securities and Realty Corporation; A.L. McClellan of Southern Stockyards Corporation; Frank T. Sutton Jr., Commonwealth’s Attorney of Henrico County; F.C. Ebel, president Richmond City School Board; Lee Fergusson, of the Lee Fergusson Plano Co.; W. Creed Davis, of Sitterding-Carneal-Davis Co.; P.H. Bruner, general contractor and builder; A.W. Bennett, funeral director; H.S. Wright, president, Horace S. Wright Co., Inc.; John W. Williams, clerk of the House of Delegates of Virginia; J.R. Tucker, of Lightfoot & Tucker attorneys at law; James Morton, vice president and treasurer, Realty Insurance Agency; S.E. Walters, Vice president, Commonwealth Bank; and Charles W. Vaughan, wholesale and retail hardware.

In January 1918, the directors were W.H. Adams, Alvin M. Smith, Charles W. Vaughan, S.P. Waddill, H.S. Wright, John C. Hagan, Lee Fergusson, F.T. Sutton, Jr., George W. Brown, H.N. Phillips, S.P. Jones, F.B. Traylor, C.H. Kastelberg, John W. Williams, and F.R. Brauer. The officers were H.N. Phillips, president; Alvin M. Smith, vice president; S.P. Waddill, vice president; F.L. McConnell, vice president; P.H. Eubank, cashier; and F.O. Drummond, assistant cashier.

A special meeting of stockholders was called by President H.N. Phillips for February 27, at which time the directors' recommendation for a change in the institution's charter will be voted. The incorporation of the bank as a state institution with full trust powers is contemplated which meant surrendering of the national charter. L.W. Hoffman, the vice president of the Central National Bank became president of the Broadway while Mr. Phillips became chairman of the board.

On February 27, 1929, the stockholders authorized the change. President L.W. Hoffman said application for the charter was made to the state corporation commission. The bank became a state institution on April 10 and changed its name to the Broadway Bank and Trust Company. A 4-to-1 stock split was approved, increasing the number of shares from 3,000 to 12,000.

Official Bank Title(s)

1: The Broadway National Bank of Richmond, VA

Bank Note Types Issued

1902 Plain Back $10 bank note with printed signatures of P.H. Eubank, Cashier and H.N. Phillips, President. Courtesy of Lyn Knight Auctions, www.lynknight.com

A total of $1,629,100 in National Bank Notes was issued by this bank between 1913 and 1929. This consisted of a total of 205,988 notes (205,988 large size and No small size notes).

This bank issued the following Types and Denominations of bank notes:

Series/Type	Sheet/Denoms	Serial#s	Sheet Comments
1902 Date Back	4x5	1 - 4500
1902 DB/PB	4x5	4501 - 5250	Type uncertain
1902 Plain Back	4x5	5251 - 31525
1902 Date Back	3x10-20	1 - 3600
1902 DB/PB	3x10-20	3601 - 4200	Type uncertain
1902 Plain Back	3x10-20	4201 - 19972

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1913 - 1929):

Presidents:

Cashiers:

Other Bank Note Signers

There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

Richmond, VA, Wikipedia, https://en.wikipedia.org/wiki/Richmond,_Virginia
Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
Banks & Bankers Historical Database (1782-1935), https://spmc.org/bank-note-history-project
The Times Dispatch, Richmond, VA, Sun., Feb. 16, 1913.
The Times Dispatch, Richmond, VA, Wed., Jan. 9, 1918.
The Richmond News Leader, Richmond, VA, Mon., Jan. 28, 1929.
The Richmond News Leader, Richmond, VA, Wed., Feb. 27, 1929.
The Times Dispatch, Richmond, VA, Wed., Apr. 10, 1929.