Farmers National Bank, McAlisterville, PA (Charter 9526)

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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, McAlisterville, PA (Chartered 1909 - Open past 1935)

Town History

McAlisterville is an unincorporated community located in northeastern Juniata County in the center of Fayette Township. Pennsylvania Routes 35 and 235 pass through the center of town. PA 35 leads northeast 25 miles to Selinsgrove and southwest 8 miles to Mifflintown, the Juniata county seat, while PA 235 leads north over Shade Mountain 10 miles to Beaver Springs and south 7 miles to Thompsontown. The community is in the valley of Little Lost Creek, a west-flowing tributary of Lost Creek, which in turn is a tributary of the Juniata River. According to the Keystone marker it was named for Hugh McAlister and was founded in 1810. Hugh McAlister, Sr. was a landowner where the intersection of two roads occurred at the end of Quigley's Hill. The location was recognized as a suitable place for a hotel, store and a few mechanics and he was induced to sell lots and found a demand for them.

McAlisterville had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.

Bank History

  • Organized June 1, 1909
  • Chartered August 30, 1909
  • Bank was Open past 1935

On August 30, 1909, the Farmers' National Bank of McAlisterville was authorized to begin business with $25,000 in capital. The officers were J.A. Yarkers, president; A.G. Haldeman, William M. Lauver and Sylvester Arnold, vice presidents; and A.H. Benner, cashier.

In January 1938, W.H. Seiber was reelected president, Elmer Bashore, vice president; Joseph Seiber, Charles A. Musser, and C.P. Leister, directors. A.H. Benner was re-named cashier and F.L. Seiber and G.M. Knouse, assistant cashiers.

On February 18, 1965, four Pennsylvania bank merger applications were approved by the comptroller of the currency to allow the Juniata Valley National Bank of Mifflintown to absorb the Farmers National Bank of McAlisterville, the Port Royal National Bank and the First National Bank of Port Royal. The mergers were to meet the needs and better serve the people of the area.

Fred L. Seiber, Vice President and Manager of the McAlisterville Office of the Juniata Valley Bank retired December 31, 1968. Mr. Sieber started his banking career at the Farmers National Bank in 1917 and in 1960 became cashier. He held the position of cashier until the 1965 merger. George M. Knouse was appointed manager to succeed Mr. Sieber.

Official Bank Title(s)

1: The Farmers' National Bank of McAlisterville, PA

2: The Farmers National Bank of McAlisterville, PA [1929] In 1929 the title was changed by the Comptroller of the Currency when the apostrophe was dropped from Farmers'.

Bank Note Types Issued

1902 Plain Back $10-$10-$10-$20 uncut sheet with the bank's first title, The Farmers' National Bank of McAlisterville.
1902 Plain Back $10-$10-$10-$20 uncut sheet with the bank's first title, The Farmers' National Bank of McAlisterville. Courtesy of Lyn Knight Auctions, www.lynknight.com
1929 Type 1 $10 bank note with printed signatures of A.H. Benner, Cashier and W.H. Sieber, President.
1929 Type 1 $10 bank note with printed signatures of A.H. Benner, Cashier and W.H. Sieber, President. Courtesy of Heritage Auctions, www.ha.com

A total of $447,120 in National Bank Notes was issued by this bank between 1909 and 1935. This consisted of a total of 35,994 notes (27,752 large size and 8,242 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1: 1902 Date Back 3x10-20 1 - 2440
1: 1902 Plain Back 3x10-20 2441 - 6938
2: 1929 Type 1 6x10 1 - 760
2: 1929 Type 1 6x20 1 - 202
2: 1929 Type 2 10 1 - 1902
2: 1929 Type 2 20 1 - 568

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1909 - 1936):

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

  • McAlisterville, PA, Wikipedia, https://en.wikipedia.org/wiki/McAlisterville,_Pennsylvania
  • 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
  • Juniata Sentinel and Republican, Mifflintown, PA, Wed., Oct. 3, 1883.
  • Pittsburgh Daily Post, Pittsburgh, PA, Thu., Sep. 2, 1909.
  • The Daily Item, Sunbury, PA, Mon., Jan. 17, 1938.
  • The Pittsburgh Press, Pittsburgh, PA, Thu., Feb. 18, 1965.
  • Standard-Speaker, Hazleton, PA, Thu., Feb. 18, 1965.
  • The News-Sun, Newport, PA, Thu., Jan. 16, 1969.
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