Farmers & Merchants NB, Charlottesville, VA (Charter 11517)
Farmers & Merchants NB, Charlottesville, VA (Chartered 1919 - Closed 1926)
Town History
Charlottesville, colloquially known as C'ville, is an independent city in Virginia. It is the seat of government of Albemarle County, which surrounds the city, though the two are separate legal entities. At the 2020 census, the city's population was 46,553. In 1870 the population was 2,838, growing to 15,245 by 1930.
Charlottesville was the home of two U.S. presidents, Thomas Jefferson and James Monroe. During their terms as Governors of Virginia, they lived in Charlottesville and traveled to and from Richmond, along the 71-mile historic Three Notch'd Road. Orange, located 26 miles northeast of the city, was the hometown of President James Madison. The University of Virginia, founded by Jefferson, straddles the city's southwestern border. Jefferson's home and primary plantation, Monticello, located 3 miles southeast of the city, is, along with the University of Virginia, a UNESCO World Heritage Site, each attracting thousands of tourists from across the country every year.
An Act of the Assembly of Albemarle County established Charlottesville in 1762. Thomas Walker was named its first trustee. It was situated along a trade route called Three Notched Road (present day U.S. Route 250), which led from Richmond to the Great Valley. The town took its name from the British queen Charlotte of Mecklenburg-Strelitz.
Charlottesville had eight National Banks chartered during the Bank Note Era, and seven of those banks issued National Bank Notes.
Bank History
- Organized October 31, 1919
- Chartered November 21, 1919
- Closed April 10, 1926
- Consolidated with 10618 April 10, 1926 (National Bank/NB & TC, Charlottesville, VA)
- Circulation assumed by 10618 (National Bank/NB & TC, Charlottesville, VA)
In September 1919, N.T. Shumate resigned as cashier of the First National Bank of Abingdon in order to engage in the banking business in Charlottesville.[2] On October 16th, the Farmers and Merchants National Bank held its organization meeting. The following were the directors elected: A.P. Walker, C.H. Ergenbright, W.B. Gillum, W.D. Haden, Percy Hudson, P.K. Massey, H.H. Hankins, W.A. Lankford, J.W. Bell, L.F. Smith, A.M. Robinson, and N.T. Shumate. The officers were N.T. Shumate, president; A.P. Walker and W.D. Haden, vice presidents; and H.E. Dinwiddie, cashier. The active managers were busy getting in shape to open for business. Opening day was planned for Monday, November 24, in the quarters of the old Jefferson Bank on Main Street. The bank would start with a paid-in capital of $100,000 and a surplus of $26,000.[3]
On Tuesday, January 11, 1921, stockholders met at 11 o'clock and the following board of directors was re-elected: H.H. Hankins, E.A. Joachim, R.M. Robinson, C.H. Ergenbright, A.P. Walker, L.F. Smith, W.A. Lankford, Percy Hudson, P.K. Massey, E.B. Gillum, R.L. Witt, J.W. Bell, N.T. Shumate, and W.D. Haden. The following officers were elected: N.T. Shumate, president; H.H. Hankins and Dr. W.D. Haden, vice presidents; and H.E. Dinwiddie, cashier.[4]
A notice dated March 8, 1926, was published announcing a meeting of the stockholders of the National Bank of Charlottesville to be held on Tuesday, April 6th in the National Bank Building at 11 o'clock a.m.. the purpose was to consider and act upon the consolidation of the National Bank of Charlottesville and the Farmers & Merchants National Bank of Charlottesville. R.T. Minor, vice president and secretary of the board of directors, signed the notice.[5]
Official Bank Title
1: The Farmers & Merchants National Bank of Charlottesville, VA
Bank Note Types Issued
A total of $644,800 in National Bank Notes was issued by this bank between 1919 and 1926. This consisted of a total of 51,584 notes (51,584 large size and No 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 3x10-20 1 - 12896
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1919 - 1926):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
- Farmers & Merchants NB, Charlottesville, VA History (NB Lookup)
- Virginia Bank Note History (BNH Wiki)
Sources
- Charlottesville, VA, 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 Daily Progress, Charlottesville, VA, Wed., Dec. 17, 1919.
- ↑ The Roanoke Times, Roanoke, VA, Tue., Sep. 30, 1919.
- ↑ Daily Progress, Charlottesville, VA, Mon., Nov. 17, 1919.
- ↑ Daily Progress, Charlottesville, VA, Wed., Jan. 12, 1921.
- ↑ The Daily Progress, Charlottesville, VA, Mon., Mar. 8, 1926.