Citizens National Bank, Bentleyville, PA (Charter 13663)
Citizens National Bank, Bentleyville, PA (Chartered 1933 - Open past 1935)
Town History
Bentleyville is a borough in Washington County, Pennsylvania, and part of the Pittsburgh metropolitan area since 1950. The population was 2,349 at the 2020 census. The borough was incorporated in 1864. In 1900, the population was 613, peaking in 1920 at 3,679.
A post office called Bentleyville has been in operation since 1822. Bentleyville was named for Sheshbazzar Bentley, a pioneer settler who erected the first log cabin in 1777. Shortly after building his cabin, Mr. Bentley built a mill on a site on Pigeon Creek. Mr. Bentley along with all his fellow citizens took part in the Whisky Rebellion. Mr. Bentley's part was apparently a passive one as he was not among the 200 taken into custody by the United States troops, but his two stills were seized. Mr. Bentley was laid to rest in 1800 in the Bentley burying place he had selected.
Bentleyville had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.
Bank History
- Organized Feb 7, 1933
- Chartered Feb 16, 1933
- Absorbed 9058 Jun 14, 1933 (Farmers and Miners NB, Bentleyville, PA)
- Assumed circulation of 9058
- Bank was Open past 1935
On February 2, 1933, it was announced that a new bank, the Citizens National Bank, would open later that month in Bentleyville, which had been without banking facilities for 16 months. The new bank, with assets of more than $500,000, planned to open February 20 in the rooms formerly occupied by the closed Farmers and Miners National Bank. It had capital of $50,000 and $25,000 surplus. Depositors and creditors of the Farmers and Miners National Bank, which failed In 1931, waived 50 per cent of their claims to permit the opening. The new bank had assets of $568,000. A board of trustees had taken charge of frozen assets of the old bank. Returns from these accounts would go to those who waived their claims.
On February 20, 1933, the Citizens National Bank opened its doors for business making it the second financial institution of Washington County able to reorganize and reopen its doors, a distinction no other county in the State is believed to hold. Like the Washington Union Trust Company, of Monongahela, which was established through reorganization of the Union Trust Company, the Citizens National Bank of Bentleyville used a large part of the holdings and assets of the Farmers and Miners National Bank as a foundation on which to build the new structure. No formal celebration attended the reopening of the Bentleyville bank, but the day promised to be a "red letter" day in the history of the community. The new bank was 100 per cent liquid and thoroughly solid. The Citizens National would last until July 1950 when it was sold to the Peoples City Bank of McKeesport; it would continue to operate as a branch of the McKeesport bank in order to provide banking services to Bentleyville.
Official Bank Title(s)
1: The Citizens National Bank of Bentleyville, PA
Bank Note Types Issued
A total of $36,320 in National Bank Notes was issued by this bank between 1933 and 1935. This consisted of a total of 4,903 notes (No large size and 4,903 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1929 Type 2 5 1 - 3288 1929 Type 2 10 1 - 1242 1929 Type 2 20 1 - 373
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1933 - 1936):
Presidents:
Cashiers:
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Pennsylvania Bank Note History
- General information on Bentleyville (Wikipedia)
- General information on Washington County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Bentleyville, PA, Wikipedia, https://en.wikipedia.org/wiki/Bentleyville,_Pennsylvania
- 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 News-Herald, Franklin, PA, Thu., Feb. 2, 1933.
- Intelligencer Journal, Lancaster, PA, Mon., Feb. 20, 1933.
- The Daily Republican, Monongahela, PA, Mon., Feb. 20, 1933.
- The Daily Republican, Monongahela, PA, Tue., Feb. 16, 1938.
- The Daily Notes, Canonsburg, PA, Fri., July 21, 1950.