Citizens National Bank, Frederick, MD (Charter 3476)
Citizens National Bank, Frederick, MD (Chartered 1886 - Open past 1935)
Town History
Frederick is a city in and the county seat of Frederick County, Maryland. The city's population was 65,239 people as of the 2010 United States Census, making it the second-largest incorporated city in Maryland (behind Baltimore). Frederick is home to Frederick Municipal Airport (IATA: FDK), which accommodates general aviation, and Fort Detrick, a U.S. Army bioscience/communications research installation and Frederick county's largest employer.
As a major crossroads, Frederick, like Winchester, Virginia, and Martinsburg, West Virginia, saw considerable action during the American Civil War. President Abraham Lincoln, on his way to visit Gen. George McClellan after the Battle of South Mountain and the Battle of Antietam, delivered a short speech at what was then the B. & O. Railroad depot at the current intersection of East All Saints and South Market Streets.
At the Prospect Hall mansion off Jefferson Street to Buckeystown Pike near what is now Butterfly Lane, in the early morning hours of June 28, 1863, a messenger arrived from President Abraham Lincoln and General-in-Chief Henry Halleck, informing General George Meade that he would be replacing General Joseph Hooker after the latter's disastrous performance at Chancellorsville in May. The Army of the Potomac camped around the Prospect Hall property for the several days as skirmishers pursued Lee's Confederate Army of Northern Virginia prior to Gettysburg. A large granite rectangular monument made from one of the boulders at the "Devil's Den" in Gettysburg commemorates the midnight change-of-command.
In July 1864, in the third Southern invasion, Confederate troops led by Lieutenant General Jubal Early occupied Frederick and extorted $200,000 from citizens for not razing the city on their way to Washington D.C. Union troops under Major General Lew Wallace fought a successful delaying action, in what became the last significant Confederate advance at the Battle of Monocacy, also known as the "Battle that saved Washington." The Monocacy National Battlefield lies just southeast of the city limits, along the Monocacy River at the B. & O. Railroad junction.
Admiral Winfield Scott Schley (1839–1911) was born at "Richfields", the mansion home of his father. He became an important naval commander of the American fleet on board his flagship and heavy cruiser USS Baltimore along with Admiral William T. Sampson in the Battle of Santiago de Cuba off the shores of the Spanish island colony of Cuba in the Spanish–American War in 1898. Major Henry Schley's son, Dr. Fairfax Schley, was instrumental in setting up the Frederick County Agricultural Society and the Great Frederick Fair. Gilmer Schley served as Mayor from 1919 to 1922, and the Schleys remained one of the town's leading families into the late-20th century.
Nathaniel Wilson Schley, a prominent banker, and his wife Mary Margaret Schley helped organize and raise funds for the annual Great Frederick Fair, one of the two largest agricultural fairs in the State. Since the 1960s, the fair has featured many outstanding country-western singers and become a major music festival.
Frederick had six National Banks chartered during the Bank Note Era, and all six of those banks issued National Bank Notes. Frederick also had five Obsolete Banks that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).
Bank History
- Organized Jan 2, 1886
- Chartered Mar 30, 1886
- Bank was Open past 1935
In December 1952, two Frederick banks completed plans to merge into what would be the largest financial institution in Western Maryland, with $550,000 in capital and total assets of about $25 million. The arrangement called for the Farmers and Mechanics National Bank to assume all the deposit liabilities and buy substantially all the assets of the Citizens National Bank of Frederick. Robert E. Delaplaine, Frederick publisher and president of the Farmers and Mechanics would become president of the resulting Farmers and Mechanics-Citizens National Bank of Frederick. The new institution planned to continue business at both banking houses, with Citizens National going into voluntary liquidation. Shareholders of the Citizens National were expected to receive about $120 for each share. Dr. Charles H. Conley, Sr., the longest-serving director, and William H.B. Anders, president of the Citizens would become directors of the consolidated bank. They and the other directors of Citizens National would make up an advisory committee for the Citizens office of the combination.
The deal was consummated as of the close of business on Saturday, January 31, 1953. Directors of the Farmers and Mechanics-Citizens National Bank were William B. Bennett, Robert B. Crothers, Robert E. Delaplaine, Daniel T. Dutrow, A. Hart Etchison, R. Ames Hendrickson, U. Grant Hooper, Kent C. Nicodemus, Allen G. Quynn, Henry R. Shoemaker, Benjamin L. Shuff, William M. Storm, Dr. Charles H. Conley, and Wm. H.B. Anders.
Official Bank Title
1: The Citizens National Bank of Frederick, MD
Bank Note Types Issued
A total of $2,383,840 in National Bank Notes was issued by this bank between 1886 and 1935. This consisted of a total of 191,675 notes (164,576 large size and 27,099 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1882 Brown Back 3x10-20 1 - 11010 $10s from ABCA plate with abnormal border variety $10s from DEFB plate with normal border
1902 Red Seal 3x10-20 1 - 3000 1902 Date Back 3x10-20 1 - 8900 1902 Plain Back 3x10-20 8901 - 27134 1929 Type 1 6x10 1 - 3014 1929 Type 1 6x20 1 - 774 1929 Type 2 10 1 - 3450 1929 Type 2 20 1 - 921
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1886 - 1936):
Presidents:
Cashiers:
Other Bank Note Signers
- Washington Irving Parsons, Vice President 1894...1900
- There are currently no known Assistant Cashier bank note signers for this bank.
Wiki Links
- Maryland Bank Note History
- General information on Frederick (Wikipedia)
- General information on Frederick County (Wikipedia)
- General information on Maryland (Wikipedia)
Sources
- Frederick, MD, on Wikipedia
- 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://bbdata.banknotehistory.com
- Cumberland Sunday Times, Cumberland, MD, Sun., Dec. 14, 1952.
- The News, Frederick, MD, Tue., Feb. 3, 1953.