Commercial NB & Trust, Laurel, MS (Charter 11898)
Commercial NB & Trust, Laurel, MS (Chartered 1920 - Closed (Merger) 1987)
Town History
Laurel is a city in and the second county seat of Jones County, Mississippi. As of the 2020 census, the city had a population of 17,161. It is located northeast of Ellisville, the first county seat, which contains the first county courthouse. Laurel has the second county courthouse as there are two judicial districts in Jones County. Laurel is the headquarters of the Jones County Sheriff's Department. Major employers include Howard Industries, Sanderson Farms, Masonite International, Family Health Center, Howse Implement, Thermo-Kool, and South Central Regional Medical Center. Laurel is home to the Lauren Rogers Museum of Art, Mississippi's oldest art museum, established by the family of Lauren Eastman Rogers.
Following the 1881 construction of the New Orleans and Northeastern Railroad through the area, economic development occurred rapidly. The city of Laurel was incorporated in 1882, with timber as the impetus. Yellow pine forests in the region fueled the industry. The city was named for thickets of mountain laurel (Kalmia latifolia) which were native to the original town site.
Home Town television personalities Ben and Erin Napier make their home and show in Laurel.
Laurel had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.
Bank History
- Organized December 6, 1920
- Chartered December 27, 1920
- Conversion of The Commercial Bank and Trust Company of Laurel
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into Trustmark National Bank, Jackson, MS, December 31,1987
The bank was organized in 1905 as The Commercial Bank and Trust Company of Laurel. The organizers were R.W. Jones, Jr., F.W. Pettibone, S.M. Jones, Edmund K. Stallo, W.W. Abney, R.W. Jones, P.H. Saunders and their associates. This institution received its national bank charter in 1920.
In January 1927, T.W. Yates, vice president of the Commercial National Bank and Trust Company of Laurel stated "our deposits are over $2,200,000 and while it is not an increase over the previous twelve-month period, accounts have grown and we are pleased with the result."
Official Bank Title(s)
1: The Commercial National Bank and Trust Company of Laurel, MS
Bank Note Types Issued
A total of $1,602,900 in National Bank Notes was issued by this bank between 1920 and 1987. This consisted of a total of 320,580 notes (207,900 large size and 112,680 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 - 51975 1929 Type 1 6x5 1 - 13898 1929 Type 2 5 1 - 29292
Overprinting plates were prepared by Barnhart Brothers & Spindler (BBS) for small national bank notes. Uncommonly, BBS made a new plate with a different title layout for Type 2 notes.
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1920 - 1987):
Presidents:
Cashiers:
Other Known Bank Note Signers
Bank Note History Links
Sources
- Laurel, MS, 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 Laurel Ledger, Laurel, MS, Sat., Apr. 29, 1905.
- Sun Herald, Biloxi, MS, Fri., Jan. 7, 1927.
- The Laurel Ledger, Laurel, MS, Fri., Sep. 1, 1905.