Farmers National Bank, Adams, NY (Charter 4061)

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NEEDED: a contemporary postcard or photo of the bank.
NEEDED: a contemporary postcard or photo of the bank.

Farmers National Bank, Adams, NY (Chartered 1889 - Liquidated 1932)

Town History

Adams is a town in Jefferson County, New York. Named after President John Adams, the town contains a village also named Adams, and Adams Center, one of a number of hamlets, this one north of Adams village. The village and town are south of Watertown. The town had a population of 4,973 at the 2020 census. In 1860 the population was 3,496, declining to 3,081 by 1900.

Settlement began around 1800 at Adams village. David Smith built a sawmill at the present site of Adams in 1801. Renamed for John Adams in 1802 (the year after his presidency ended), the town of Adams was created from the survey townships of Aleppo and Orpheus. The eastern part of Adams was taken in 1804 to form the town of Rodman. A post office was established at Adams about 1806. During the War of 1812, the town of Adams formed a local militia for home defense.

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

  1. First National Bank, Adams, NY (Charter 71)
  2. Hungerford National Bank, Adams, NY (Charter 1531)
  3. Adams National Bank, Adams, NY (Charter 2845)
  4. Farmers National Bank, Adams, NY (Charter 4061)
  5. Citizens National Bank, Adams, NY (Charter 4103)

Bank History

  • Organized May 29, 1889
  • Chartered June 29, 1889
  • Succeeded 2845 (Adams National Bank, Adams, NY)
  • Liquidated August 16, 1932
  • Absorbed by The Citizens Trust Company of Adams
  • Which changed its title to Citizens and Farmers Trust Company

On June 29, 1889, the acting comptroller of the currency authorized the Farmers National Bank of Adams to begin business with $65,000 capital.[1]

On Tuesday, March 7, 1893, C.D. Potter of Adams Center died of apoplexy, aged 66 years. At the time of his death he was president of the Farmers National Bank of Adams. He was the first inventor of package dyes, also the Handy package dyes and excelsior ink.[2]

Official Bank Title(s)

1: The Farmers National Bank of Adams, NY

Bank Note Types Issued

1882 Brown Back $50-$100 proof sheet, approved August 2, 1889
1882 Brown Back $50-$100 proof sheet, approved August 2, 1889. Courtesy of the Smithsonian Institution Archives
1902 Plain Back $20 bank note with stamped signatures of H.W. Hannahs, Cashier and G.W. Hannahs, President.
1902 Plain Back $20 bank note with stamped signatures of H.W. Hannahs, Cashier and G.W. Hannahs, President. Courtesy of Lyn Knight Auctions, www.lynknight.com
1929 Type 1 $20 bank note with printed signatures of H.W. Hannahs, Cashier and D.F. Griggs, President
1929 Type 1 $20 bank note with printed signatures of H.W. Hannahs, Cashier and D.F. Griggs, President. Courtesy of Heritage Auctions, www.ha.com

A total of $901,940 in National Bank Notes was issued by this bank between 1889 and 1932. This consisted of a total of 63,778 notes (51,664 large size and 12,114 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1882 Brown Back 50-100 1 - 794
1882 Date Back 50-100 1 - 70
1902 Date Back 3x10-20 1 - 3940
1902 Plain Back 3x10-20 3941 - 12484
1929 Type 1 6x10 1 - 1569
1929 Type 1 6x20 1 - 450

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1889 - 1932):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

  1. ↑ Democrat and Chronicle, Rochester, NY, Sun., June 30, 1889.
  2. ↑ Hornellsville Weekly Tribune, Hornellsville, NY, Fri., Mar. 10, 1893.
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