Citizens National Bank, Hooversville, PA (Charter 11413)

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Map showing the location of Hooversville, Pennsylvania in Somerset County.
Map showing the location of Hooversville, Pennsylvania in Somerset County. Courtesy of Google maps

Citizens National Bank, Hooversville, PA (Chartered 1919 - Receivership 1934)

Town History

Photo of the old Citizens National Bank of Hooversville, Pennsylvania, ca.2015.
Photo of the old Citizens National Bank of Hooversville, Pennsylvania, ca.2015. Courtesy of Mark Hotz

Hooversville is a borough in Somerset County, Pennsylvania, United States. It is part of the Johnstown, Pennsylvania, Metropolitan Statistical Area. The population was 645 at the 2010 census. In 1920 the population was 1,345, peaking at 1,364 in 1940.

Hooversville was established in 1836. The first settlers to claim land in the Hooversville area were George Lohr (1780), Michael Kocher, and Casper Ripple (warrant 1794). Jonas Hoover, the founder of Hooversville, came to Quemahoning Township in 1834 and bought land from the heirs of Casper Ripple. In 1836, he had lots surveyed along the present Water and Main Streets. Jonas Hoover was a farmer who ran a gristmill and sawmill on Hoover Street in 1847. He was a justice of the peace from 1852 to 1862. He and David Crissey took part in establishing the German Reformed Church at Hooversville.

Hooversville had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.

Bank History

  • Organized July 17, 1919
  • Chartered August 1, 1919
  • Conservatorship March 23, 1933
  • Receivership July 12, 1934

On March 14, 1919, application was made to the Comptroller of the Currency, Williams, for the Citizens National Bank of Hooversville, Pennsylvania, with $25,000 in capital.

Directors for 1930 were L.R. Berkey, Telford Lewis, H.H. Dull, S.A. Rininger, J.M. James, John B. Hughes, H.G. Hamer, and Norman Lewis. Officers were Dr. J.M. James, president; L.R. Berkey and Norman Lewis, vice president; H.H. Dull, cashier; Edward L. Berkey, Assistant Cashier.

In April 1932, Herbert H. Dull, former cashier of the Citizens National Bank of Hooversville pleaded guilty in the Federal Court in Pittsburgh to the misapplication of approximately $16,000 in funds. A sentence of one year and one day was imposed by Judge R.M. Gibson to be served in a Federal penitentiary. The arrest of Dull followed an examination of the bank by State bank examiners several months earlier. He supposedly embezzled the money to operate a coal mine in which he was interested.

In January 1933, the stockholders elected the following directors: Norman Lewis, Telford Lewis, L.R. Berkey, J.M. James, H.T. Hamer, S.A. Rininger, and John B. Hughes. The officers were J.M. James, president; Norman Lewis, vice president L.R. Berkey, vice president; E.C. Ober, cashier; and Edward Berkey, assistant cashier.

Official Bank Title(s)

1: The Citizens National Bank of Hooversville, PA

Bank Note Types Issued

1902 Plain Back $5 bank note with stamped signatures of H.H. Dull, Cashier and Earl C. Ober, President.
1902 Plain Back $5 bank note with stamped signatures of H.H. Dull, Cashier and Earl C. Ober, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $5 bank note, serial number 1, with printed signatures of H.H. Dull, Cashier and J.M. James, President. The Government Printing Office (GPO) prepared the overprinting plate used to produce this note.
1929 Type 1 $5 bank note, serial number 1, with printed signatures of H.H. Dull, Cashier and J.M. James, President. The Government Printing Office (GPO) prepared the overprinting plate used to produce this note. Courtesy of Lyn Knight Auctions, www.lynknight.com
1929 Type 1 $20 bank note with printed signatures of E.C. Ober, Cashier and J.M. James, President. Barnhart Brothers and Spindler (BBS) prepared the overprinting plate used to produce this note.
1929 Type 1 $20 bank note with printed signatures of E.C. Ober, Cashier and J.M. James, President. Barnhart Brothers and Spindler (BBS) prepared the overprinting plate used to produce this note. Courtesy of Heritage Auctions, www.ha.com

A total of $347,260 in National Bank Notes was issued by this bank between 1919 and 1934. This consisted of a total of 44,607 notes (33,232 large size and 11,375 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Plain Back 4x5 1 - 5340
1902 Plain Back 3x10-20 1 - 2968
1929 Type 1 6x5 1 - 1028
1929 Type 1 6x10 1 - 590
1929 Type 1 6x20 1 - 168
1929 Type 2 5 1 - 336
1929 Type 2 10 1 - 248
1929 Type 2 20 1 - 75

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1919 - 1934):

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

  • Hooversville, PA, Wikipedia, https://en.wikipedia.org/wiki/Hooversville,_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 Brooklyn Daily Eagle, Brooklyn, NY, Sun., Mar. 16, 1919.
  • The Daily American, Somerset, PA, Thu., Jan. 16, 1930.
  • The Republic, Meyersdale, PA, Thu., Apr. 21, 1932.
  • The Daily American, Somerset, PA, Wed., Jan. 11, 1933.
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