Farmers National Bank, Newville, PA (Charter 9588)
Farmers National Bank, Newville, PA (Chartered 1909 - Closed (Merger) 2000)
Town History
Newville is a borough in Cumberland County, Pennsylvania, west of Carlisle. The population was 1,326 at the 2010 census. Newville is served by the Big Spring School District.
Newville (New Village) was founded in 1790 when the Big Spring Presbyterian church laid out the town on their land and sold lots. The first lots were sold to Samuel Finley, Hugh Holmes, William McElwain, Robert and David Officer, Isaac Jamison, and William McMonnagle. The town remained a part of Newton Township until 1817 when it was granted a charter as a borough. In 1837 the Cumberland Valley Railroad came through the area, and in 1874 the borough was extended to the south to include the homes and businesses that had grown up along the railroad.
The Newville Post Office was established in 1800. On May 4, 2005, federal legislation was passed in Congress designating the post office facility in Newville as the Randall D. Shughart United States Post Office Building. The naming is in honor and commemoration of U.S. Army Sergeant First Class Randall Shughart, a Medal of Honor recipient whose courageous actions in combat cost him his life during the Battle of Mogadishu, Somalia, where he fought under Special Operations Command in October 1993. Shughart's story is depicted in Black Hawk Down, a 2001 film by Ridley Scott, based on the book Black Hawk Down: A Story of Modern War by Mark Bowden. Shughart was a native of Newville.
Newville had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.
Bank History
- Organized Oct 9, 1909
- Chartered Nov 22, 1909
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into Adams County National Bank, Gettysburg, PA Oct 1, 2000
Newville's second bank, The Farmers National Bank of Newville, Pa. was announced in 1909. The incorporators were listed as Edward Bailey, President of the Harrisburg National Bank; A. Fortenbaugh, President of the Halifax National Bank; H.L Hershey, Collector of Internal Revenue of the Ninth District of Pennsylvania; J.M. Blair, merchant and president of the Tuscarora Bank, Blair's Mills, Pa.; and J.T. Alter, cashier of the First National Bank of New Bloomfield. The new bank was located in the McCullough building on North High Street. The bank opened on Monday, January 3, 1910.
The bank election was held January 20, 1910 and the following directors were elected: J.T. Alter, J.M. Blair, Edward Bailey, A. Fortenbaugh, F. Barr Swigert, J. Clark McCullough, H.S. Meily, Fred S. Dunlap, Paul Willis, O.C. Tritt, and J.E. Shambough. In 1911 the bank officers elected were J.T. Alter president; J. Clark McCullough, vice president; and Percival S. Hill, cashier.
In 1927, $25,000 in Capital Stock was paid in and the Surplus Fund was the same. Deposits amounted to $160,747.40 and U.S. Government securities deposited with the Treasury of $11,000.00 secured a circulation of $9,900.00.
Official Bank Title(s)
1: The Farmers National Bank of Newville, PA
Bank Note Types Issued
A total of $179,400 in National Bank Notes was issued by this bank between 1909 and 1935. This consisted of a total of 14,381 notes (11,488 large size and 2,893 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1902 Date Back 3x10-20 1 - 1190 1902 Plain Back 3x10-20 1191 - 2872 1929 Type 1 6x10 1 - 310 1929 Type 1 6x20 1 - 106 1929 Type 2 10 1 - 346 1929 Type 2 20 1 - 51
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1909 - 1936):
Presidents:
Cashiers:
Other Bank Note Signers
- Jesse Clyde Swigert, Vice President (1921...1930) Signature
- There are currently no known Assistant Cashier bank note signers for this bank.
Wiki Links
- Pennsylvania Bank Note History
- General information on Newville (Wikipedia)
- General information on Cumberland County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Newville, PA, Wikipedia, https://en.wikipedia.org/wiki/Newville,_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://bbdata.banknotehistory.com
- Carlisle Evening Herald, Carlisle, PA, Fri., Oct. 1, 1909.
I Carlisle Evening Herald, Carlisle, PA, Thu., Dec. 30, 1909.