Clinton National Bank, Clinton, CT (Charter 1314)

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Clinton National Bank of Clinton, Connecticut, ca2022. The bank's clock is shown enlarged in the upper right with the time of just after eight o'clock and the address of One West Main Street.
Clinton National Bank of Clinton, Connecticut, ca2022.  The clock is shown enlarged in the upper right with the address of One West Main Street. Courtesy of John Barron

Clinton National Bank, Clinton, CT (Chartered 1865 - Closed (Merger) 1974)

Town History

Spurious Clinton Bank, Haxby CT-70, obsolete $1 bank note dated 1858 with signatures of A. Hull, Cashier and J. D. Leffingwell, President. This note was altered from a Bank of Greensborough, Greensborough, Georgia note.
Spurious Clinton Bank, Haxby CT-70, obsolete $1 bank note dated 1858 with signatures of A. Hull, Cashier and J. D. Leffingwell, President. This note was altered from a Bank of Greensborough, Greensborough, Georgia note. Courtesy of Heritage Auctions, www.ha.com

Clinton is a town in Middlesex County, Connecticut, United States. The population of the town was 13,185 at the 2020 census. Clinton is bordered by the towns of Madison on the west, Westbrook on the east, and Killingworth on the north. The town center is known as Clinton Center. It is the location of the Clinton Village Historic District, which is listed on the National Register of Historic Places.

Clinton had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes. Clinton also had one Obsolete Bank that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).

Bank History

  • Organized April 27, 1865
  • Chartered June 21, 1865
  • Conversion of Clinton Bank
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into Connecticut Bank & Trust Company in Hartford, CT, May 15, 1974

The Clinton Bank was organized in 1855. Alfred Hull was the first cashier and would see the bank through its conversion to a national bank, serving as cashier until his death in 1877.

Clinton Bank, Conn. October 1863, spurious 1's were reported with a suspension bridge vignette, "1" each upper corner, and a female figure on right. On Saturday night, October 1, 1864, burglars broke into the bank building and smashed a padlock attached to the outside of the safe. Fortunately, the bank had added a combination lock to the safe the day prior and the frustrated thieves retired.

In December 1865, Connecticut had 90 banks, both state and national. Twenty new National Banks had been organized and most (61) state chartered banks had converted to national banks. The Clinton Bank received its national charter on June 21, 1865.

On January 1, 1974, a notice of public hearing on the matter of the proposed merger between The Connecticut Bank and Trust Company of Hartford and The Clinton National Bank of Clinton was published. In April 1974, the Board of Governors of the Federal Reserve System approved the merger. In May, the Connecticut Bank and Trust Company (CBT) planned to be serving four more Connecticut communities: Clinton, Killingworth, Madison, and Westbrook. Also a new office in the Asylum Hill section of Hartford was scheduled for opening. CBT was a leader in providing free checking to all of its savings customers and also had the highest bank credit card volume in Connecticut with Master Charge balances of more than $49 million. CBT's Westfield office housed the area's first fully automatic banking machine called the "25 Hour Teller".

Official Bank Title(s)

1: The Clinton National Bank, Clinton, CT

Bank Note Types Issued

1882 Brown Back $5 bank note with pen signatures of E.E. Posh, Cashier and Leander L. Hull, President.
1882 Brown Back $5 bank note with pen signatures of E.E. Posh, Cashier and Leander L. Hull, President. Courtesy of Lyn Knight Auctions, www.lynknight.com
1902 Red Seal $20 bank note with pen signature of E.E. Posh, Cashier and stamped signature of L.L. Hull, President. This is an example of a large size replacement note.
1902 Red Seal $20 bank note with pen signature of E.E. Posh, Cashier and stamped signature of L.L. Hull, President. This is an example of a large size replacement note. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $5 bank note with SN 1 and printed signatures of S.B. Reed, Cashier and Sturgis G. Redfield, President.
1929 Type 1 $5 bank note with SN 1 and printed signatures of S.B. Reed, Cashier and Sturgis G. Redfield, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 2 $20 bank note with SN 1 and printed signatures of S.B. Reed, Cashier and Charles A. Pelton, President.
1929 Type 2 $20 bank note with SN 1 and printed signatures of S.B. Reed, Cashier and Charles A. Pelton, President. Courtesy of Heritage Auctions, www.ha.com

A total of $2,199,600 in National Bank Notes was issued by this bank between 1865 and 1974. This consisted of a total of 274,656 notes (239,160 large size and 35,496 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
Original Series 3x1-2 1 - 1700
Original Series 4x5 1 - 2850
Original Series 3x10-20 1 - 800
Series 1875 3x1-2 1 - 100
Series 1875 4x5 1 - 2696
Series 1875 3x10-20 1 - 1773
1882 Brown Back 4x5 1 - 3665
1882 Brown Back 3x10-20 1 - 6849
1902 Red Seal 4x5 1 - 3225
1902 Red Seal 3x10-20 1 - 1900
1902 Date Back 4x5 1 - 5900
1902 Date Back 3x10-20 1 - 4440
1902 Plain Back 4x5 5901 - 20450
1902 Plain Back 3x10-20 4441 - 13782
1929 Type 1 6x5 1 - 2928
1929 Type 1 6x10 1 - 1386
1929 Type 1 6x20 1 - 410
1929 Type 2 5 1 - 4176
1929 Type 2 10 1 - 2292
1929 Type 2 20 1 - 684

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1865 - 1974):

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

  • Clinton, CT, Wikipedia, https://en.wikipedia.org/wiki/Clinton,_Connecticut
  • 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
  • Hartford Courant, Hartford, CT, Thu., Oct. 15, 1863.
  • Hartford Courant, Hartford, CT, Tue., Oct. 4, 1864.
  • Hartford Courant, Hartford, CT, Fri., Dec. 1, 1865.
  • The Meriden Daily Republican, Meriden, CT., Tue., May 29, 1877.
  • Hartford Courant, Hartford, CT, Tue., Jan. 1, 1974.
  • Hartford Courant, Hartford, CT, Sun., Apr. 28, 1974.
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