Clifton Heights NB, Clifton Heights, PA (Charter 14122)
Clifton Heights NB, Clifton Heights, PA (Chartered 1934 - Open past 1935)
Town History
Clifton Heights is a borough in Delaware County, Pennsylvania, located on Darby Creek 5 miles west of downtown Philadelphia. As of the 2010 census the population was 6,652. The population of the borough was 1,820 in 1890, 3,155 in 1910, and reached a maximum of 10,268 in 1960.
Clifton Heights had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.
Bank History
- Organized April 10, 1934
- Chartered April 27, 1934
- Succeeded 6275 The First National Bank of Clifton Heights, PA
- Bank was Open past 1935
On Tuesday, May 1, 1934, the Clifton Heights National Bank at Clifton Heights, Delaware County, a new institution, opened for business with Charter No. 14122. It succeeded the First National Bank of Clifton Heights which had been operating on a restricted basis since the bank holiday declared in March 1933. The new bank would assume certain assets of the old and would make available to depositors 30% of their funds frozen for over a year. The remaining 70% would be trusteed for liquidation and payments made as funds were realized on the trusteed assets. The three principal industrial corporations in Clifton Heights would be represented in the new bank. Everett L. Kent, president of the Kent Manufacturing Co., was elected president; David H. Pleet, president of the Caledonia Woolen Mills, was vice president; and Joseph N. Susskind, president of the Clifton Yarn Mills, was a director. J. Milton Lutz who had been president of the First National was chosen as a vice president of the new bank and Charles C. Gamble, formerly associated in Philadelphia banking circles would serve as cashier. The Reconstruction Finance Corporation purchased $25,000 of preferred stock which also had $50,000 of common stock and $25,000 surplus. Deposits on opening day approximated $700,000. The directorate consisted of Every L. Kent, Joseph N. Susskind, David H. Pleet, Howard W. Goodall, J. Milton Lutz, J. Walter Jones, Jr., Thomas A. Dougherty, John M. Hutchings, MD, Frederick C. Hoopes, and Thomas F. McNamee, Jr.
Effective 9 AM on February 9, 1954, the merger of the Clifton Heights National Bank with the Fidelity-Philadelphia Trust Company was completed. The directors were Frank C. Hartzell, Harvard C. Wood, Jr., H. Leonard Paret, R. Lloyd Jones, H. Gilroy Damon, George K. Robinson, and Fred P. Meagher. The officers were Everett L. Kent, president; Charles C. Gamble, vice president; Stewart B. Harkness, cashier; Charles B. Hunt, William C. Collins, and Francis A. Nash, assistant cashiers. The directors were Frank C. Hartzell, Harvard C. Wood, Jr., H. Leonard Paret, R. Lloyd Jones, H. Gilroy Damon, George K. Robinson, and Fred P. Meagher. The officers were Everett L. Kent, president; Charles C. Gamble, vice president; Stewart B. Harkness, cashier; Charles B. Hunt, William C. Collins, and Francis A. Nash, assistant cashiers. The main office was located at Baltimore Pike & Ogden Street with the Westbrook Office located at 242 W. Baltimore Pike.
Official Bank Title(s)
1: Clifton Heights National Bank, Clifton Heights, PA
Bank Note Types Issued
A total of $72,600 in National Bank Notes was issued by this bank between 1934 and 1935. This consisted of a total of 14,520 notes (No large size and 14,520 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 - 14520
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1934 - 1935):
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 Clifton Heights (Wikipedia)
- General information on Delaware County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Clifton Heights, PA, 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://spmc.org/bank-note-history-project
- The Philadelphia Inquirer, Philadelphia, PA, Sat., Apr. 28, 1934.
- Delaware County Daily Times, Chester, PA, Thu., May 1, 1934.
- Delaware County Daily Times, Chester, PA, Tue., Feb. 9, 1954.