Fauquier National Bank, Warrenton, VA (Charter 6126)

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Sanborn Fire insurance map of Warrenton from 1900
Sanborn Fire insurance map of Warrenton from 1900. A bank is located on the south side of Main Street between the Public Hall and the harness shop.

Fauquier National Bank, Warrenton, VA (Chartered 1902 - Closed (Merger) 2021)

Town History

Warrenton is a town in Fauquier County, Virginia, and is the county seat. It is at the junction of U.S. Route 15, U.S. Route 17, U.S. Route 29, and U.S. Route 211. The town is in the Piedmont region of Virginia just east of the Blue Ridge Mountains. The Town of Warrenton was incorporated on January 5, 1810, and named for General Joseph Warren, a Revolutionary War hero.

The well-known Airlie Conference Center is 3 miles north of Warrenton, and the historic Vint Hill Farms military facility is 9 miles east. Surrounded by Virginia wine and horse country, Warrenton is a popular destination outside Washington, D.C. The population was 10,057 as of the 2020 census. In 1900 the population peaked temporarily at 1,627, not exceeding that number until 1940 when the population hit 1,651.

In 1909, a fire destroyed almost half the structures in the town and was halted with the use of dynamite to create a firebreak to stop the flames from spreading. Carter Hall was opened for boarders, and a number of Warrenton’s older citizens took up residence there, enjoying the comfortable rooms and dining facilities. Tragedy struck on the evening of Nov. 23, 1909, when a disastrous fire swept through the western side of Warrenton. Twenty-six buildings were burned to the ground, and nine more destroyed by dynamite to prevent the spread of the fire to the courthouse and Main Street. According to a contemporary account, boarders at Capt. Carter’s house were having a desperate time to escape. “Gen. H.W. Hubbel wrestled a full-sized trunk out of a second-story window like a piano mover. His daughter moved the trunks of frightened ladies to the bottom floor and then, calling cadets (from Bethel Military Academy) to assist her, dragged them to a place of safety and sat on them for several hours.” Carter Hall was completely gutted by the fire, with only the brick walls and chimneys remaining standing. The damage was estimated at $10,000, but fortunately, the house was insured. It was totally rebuilt, with notable changes — including the interior layout and the roofline, which went from gable to hip-roofed. Capt. and Mrs. Edward Carter bought the Horner House in 1900.

Warrenton had three National Banks chartered during the Bank Note Era, and two of those banks issued National Bank Notes.

Bank History

  • Organized February 11, 1902
  • Chartered February 14, 1902
  • Opened for business March 20, 1902
  • Assumed 12966 by consolidation September 1, 1926 (Fauquier NB (No Issue), Fauquier, VA) [NOTE: Faquier does not exist as a town--this bank was located in Warrenton]
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into Virginia National Bank in Charlottesville, VA, April 1, 2021

In December 1901, the comptroller of the currency approved the organization of the Fauquier National Bank of Warrenton, capital $50,000. J.B. McCabe, Leesburg; O.I. Thomas, E.B. White, R.R. Walker, E.V. White, C.W. Smith, and others were the corporators.[1] On Saturday, December 21, 1901, the Fauquier National Bank organized with the following directors: D.P. Wood, Albert Fletcher, Jr., E.B. White, Hugh Hamilton, Joseph A. Jeffries, Scott Nesbit, Howson Hooe, E.L. Childs, J.A.C. Keith, Douglas Gibson, and C.M. White. E.B. White of Leesburg was elected president; Albert Fletcher, Jr., vice president; Hunton Tiffany, cashier.[2]

In June 1902, the old law office of Brooke & Scott was torn down and the Fauquier National Bank began the construction of a handsome and commodious bank building.[3]

On Tuesday, January 13, 1903, the stockholders elected the following board of directors for the ensuing year: E.L. Childs, A. Fletcher, Jr., Hugh Hamilton, Joseph A. Jeffries, J.A.C. Keith, Scott Nesbit, Joseph A. Allman, C.M. White, E.B. White, J.W. Yates, G.M. Rastable, S.B. Martz, T.C. Pilcher, E.S. Turner, and J. Brad Beverley. The new board met and re-elected E.B. White, president; A. Fletcher, Jr., vice president; C.E. Tiffany, cashier; and Edward Carter, teller.[4]

On Tuesday, January 11, 1910, the board of directors was increased to 15 and stockholders elected the following: G.M. Bastable, G.L. Fletcher, Joseph A. Jeffreys, T.C. Pilcher, J. Brad Beverley, Joshua Fletcher, J.A.C. Keith, J.A. Ullman, E.B. White, E.L. Childs, Hugh Hamilton, Scott Nesbitt, C.M. White, James L. Strother and James R. Foster. The officers elected were C.M. White, president; T.C. Pilcher, vice president; C.E. Tiffany, cashier; and Edw. Carter, teller.[5] 

In March 1910, a charter was granted by the Corporation Commission to the Farmers' Bank, Inc., The Plains. The incorporators were R.S. Cochran, president; N.L. Turner, vice president; and Robert Murray, secretary, all of The Plains. The capital was $25,000 minimum and $50,000 maximum.[6]

On December 5, 1925, funeral services for Scott Nesbit, 80, who helped hunt Jesse James and his gang, were held at the residence of his son Harrison Nesbit, Alwington, Warrenton, Virginia. Although a native of Pennsylvania, Mr. Nesbit had resided in the District for 35 years. He held the office of appointment clerk in the Treasury Department under President Cleveland and was later made disbursing officer of the Coast and Geodetic Survey. Mr. Nesbit left Pennsylvania shortly after the Civil War and went to Missouri where his time was divided between raising cattle and hunting the James brothers. Harrison Nesbit was president of the Bank of Pittsburgh, N.A. and Highland National Bank of Pittsburgh.[7]

Following the annual meeting of the stockholders of the Fauquier National Bank which would be held in the new banking house in Warrenton on Tuesday January 12, 1926, the officers, directors and employees would be tendered a dinner. This feature had been an annual observance by the several banks in the county for a number of years. Mrs. James William Jeffries would have charge of the dinner for the Fauquier National Bank which would be served in the Warrenton Theater Building.[8] 

On March 29, 1926, R. Randolph Turner, vice president of the Farmers' Bank of The Plains which he helped to organize, died. He was an officer in the Creamery Company of The Plains which was organized largely through his work and interest.[9] In April 1926, Farmers' Bank, Inc., of The Plains, was authorized by the state corporation commission to open a branch at J.W. Slaughter's store at the Plains.[10]

On June 29, 1926, three new banks were reported in the process of organizing by the Southern Banker, Atlanta, Georgia. The newly organized banks were the Farmers & Merchants Bank, Adel, Georgia; the American Exchange Bank, Parrott, Georgia; and the Warrenton-Plains State Bank, Warrenton, Virginia.[11]

On July 27, 1926, the comptroller of the currency issued a national bank charter to the Fauquier National Bank of Warrenton, Virginia, with $25,000 capital. C.E. Tiffany was president and Edward Carter, cashier. This was a conversion of the Warrenton-Plains State Bank, Inc., with main office located in Warrenton and a branch located in the town of Plains.[12]

In January 1927, the Fauquier National bank stockholders held their annual meeting and the following directors were elected: J.H.C. Beverley, Edward Carter, S. Henley Carter. E.L. Childs, C.L. Delaplane, Aldrich Dudley, T.U. Dudley, A.G. Green. Hugh Hamilton, H.I. Hutton. Amos F. Payne, J.T. Pilcher, Donald Richards, Samuel W. Simpson. J.W. Slaughter, W.S. Strother, C.E. Tiffany, Joseph A. Tillman and John C. Rawlings. The last named was chosen to succeed the late E.B. White.[13]

On Friday, April 13, 1928, C.E. Tiffany, of the Fauquier National Bank, Warrenton, was elected president of the Stockholders' Association of the Federal Reserve Bank of Richmond at its annual meeting. He succeeded John Poole, of Washington, D.C., whose term expired. Waldo Newcomer of the Baltimore Trust Company, Baltimore, was elected vice and George H. Keesee, cashier of the Federal Reserve Bank of Richmond, was re-elected secretary. New members were elected to the advisory committee as follows: G. Cleveland Wright, Virginia National Bank, Petersburg; W.S. Gordy of the National Bank, Salisbury, Maryland; W. J. Waller, Federal American National, Washington, D.C.; W.J. McAney, Old National Bank, Martinsburg, West Virginia; Graham H. Andrews, Citizens National Bank, Raleigh, N.C., and E. P. Vandiver, Carolina National Bank, Anderson, S.C.[14]

On October 3, 1928, Captain Edward Carter, Confederate veteran, died at his home, Carter Hall. Captain Carter was born in 1843 and entered the Confederate Army at the outbreak of the war. He rose to the rank of captain, being in command of a company of the Eighth Virginia Infantry, Pickett's Division. He was badly wounded in Pickett's charge at Gettysburg, shot through both legs, leaving him lame the rest of his life. He was married to Jane Peter Turner of Kinloch, The Plains, Virginia, who died in June 1927.[15]

On Sunday night, December 8, 1929, bank robbers entered the bank at The Plains, Fauquier County, known as The Plains branch of the Fauquier National Bank of Warrenton, late Sunday night. The robbers entered the main part of the bank through a door in the rear and drilled a hole in the vault, preparatory to placing an explosive. They either failed to complete their work by the arrival of daylight, or were frightened away by some one. The bank suffered no loss, as everything of value was inside the vault. C.E. Tiffany, president of the Fauquier National Bank, together with number of directors, were on scene at an early hour Monday morning and Sheriff Woolf was making an investigation.[16]

In January 1930, the Fauquier National Bank re-elected the board of directors, consisting of J.H. Beverley, S. Heiney Carter, E.L. Childs, C.L. Delaplane, Aldrich Dudley, T.U. Dudley, A.G. Green, H.I. Hutton, Amos F. Payne, John Barton Payne, J.T. Pilcher, John C. Rawlings, J. Donald Richards, Samuel W. Simpson, J.W. Slaughter, W.S. Strother, C.E. Tiffany, and Joseph A. Ullman. At the directors' meeting which followed, the officers elected were as follows: C.E. Tiffany, president; E.L. Childs, vice president; P.G. Marsteller, cashier; W.G. Bartenstein, Georges S. Cable, and A.M.R. Charrington, assistant cashiers. Officers of The Plains, Virginia, branch bank were: L.F. Bowersett, manager, H.H. Hulfish, assistant manager.[17]

In September 1964, John W. Lainhart was appointed cashier of the Fauquier National Bank of Warrenton. The bank also announced that H.H. Hulfish, Jr., was promoted from cashier and trust officer to vice president and trust officer. Lainhart was vice president and cashier of the Fairfax County National Bank at Falls Church.[18]

In February 1970, John W. Lainhart III was elected president succeeding Louis B. Stephenson, Jr., who would retire on March 1st. Stephenson, a native of Staunton, came to Fauquier National in March 1949 from Staunton where he had been cashier of Augusta National Bank. He was appointed president of Fauquier National in June 1956. Lainhart joined Fauquier National as cashier in 1964, was named vice president in 1968 and was elected to the board in 1969. Before coming to Warrenton he was with American Security and Trust Co. in Washington and with Fairfax County National Bank. Also retiring from the bank on March 1st was Mrs. Annie O'Bannon, the bank's oldest employee in years of service. Mrs. O'Bannon joined the bookkeeping staff in August 1923 and became head teller at the main office. Since the View Tree branch opened she had been a teller there.[19]

On January 19, 1973, Lee Frost Bowersett, 81, died in Fauquier Hospital. He was born and reared on Silver Spring Farm. He first worked for Marshall National Bank and Trust Co. and in 1920 became cashier of the Round Hill National Bank. Returning to Fauquier County in 1926, he was cashier in the Farmers Bank in The Plains when that bank consolidated with Fauquier National Bank. He became manager of The Plains branch and held that position until he retired in 1941. After his retirement he operated the Spring Hill Farm until it was sold in the early 1950's. In 1941, with his son-in-law, George Whitford, he purchased the Marshall Feed and Supply Co. which they operated until 1957. He was the son of the late F. Lee Bowersett.[20]

On Thursday, April 1, 2021, Virginia National Bankshares Corp. completed its combination with Fauquier Bankshares Inc. in a deal called a merger of equals. The combined company which would operate under the Virginia National brand name had about $1.7 billion in total assets and about $1.5 billion in deposits. Virginia National Bankshares, the holding company for Virginia National Bank, operated four branches in Charlottesville and one in Winchester. Fauquier Bankshares, the holding company for The Fauquier Bank, had 11 banking offices in Fauquier and Prince William counties and would operate as The Faquier Bank, a division of Virginia National Bank, until systems were converted in July. Glenn W. Rust was president and CEO of Virginia National Bankshares. Marc J. Bogan who had been president and CEO of Fauquier Bankshares, became president and CEO of the Virginia National Bank subsidiary. Under the terms of the merger deal, Fauquier shareholders received 0.6750 shares of Virginia National common stock for each share of Fauquier common stock held.[21]

  • 07/26/1971 Main Office moved to 10 Court House Square, Warrenton, VA 22186.
  • 06/30/1984 Changed Institution Name to The Fauquier National Bank.
  • 06/30/1984 Reorganized banking operations.
  • 06/24/1994 Changed Chartering Agency to STATE.
  • 06/24/1994 Changed Primary Federal Regulatory Agency to FED.
  • 06/24/1994 Changed Institution Name to The Fauquier Bank.
  • 04/01/2021 Merged and became part of Virginia National Bank (FDIC #34755) in Charlottesville, VA.

Official Bank Title

1: The Fauquier National Bank of Warrenton, VA

Bank Note Types Issued

1902 Date Back $20 bank note
1902 Date Back $20 bank note with stamped signatures of C.E. Tiffany, Cashier and Edward Carter, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $20 bank note
1929 Type 1 $20 bank note with printed signatures of P.G. Marsteller, Cashier and C.E. Tiffany, President. Courtesy of Lyn Knight Auctions, www.lynknight.com

A total of $1,110,700 in National Bank Notes was issued by this bank between 1902 and 1935. This consisted of a total of 89,542 notes (69,092 large size and 20,450 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Red Seal 3x10-20 1 - 1010
1902 Date Back 3x10-20 1 - 4900
1902 Plain Back 3x10-20 4901 - 9041 Plate dated 1902
1902 Plain Back 3x10-20 1 - 7222 Plate dated 1922
1929 Type 1 6x10 1 - 2344
1929 Type 1 6x20 1 - 630
1929 Type 2 10 1 - 2131
1929 Type 2 20 1 - 475

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1902 - 1935):

Presidents:

Cashiers:

Other Known Bank Note Signers

Bank Note History Links

Sources

  • Warrenton, 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
  1. ↑ Alexandria Gazette, Alexandria, VA, Tue., Dec. 10, 1901.
  2. ↑ Richmond Dispatch, Richmond, VA, Sun., Dec. 22, 1901.
  3. ↑ Richmond Dispatch, Richmond, VA, Sun., June 22, 1902.
  4. ↑ Richmond Dispatch, Richmond, VA, Wed., Jan. 14, 1903.
  5. ↑ Richmond Times-Dispatch, Richmond, VA, Wed., Jan. 12, 1910.
  6. ↑ The Daily Star, Fredericksburg, VA, Wed., Mar. 16, 1910.
  7. ↑ The Washington Herald, Washington, DC, Sat., Dec. 5, 1925.
  8. ↑ The Roanoke Times, Roanoke, VA, Wed., Jan. 6, 1926.
  9. ↑ The Richmond News Leader, Richmond, VA, Thu., Apr. 1, 1926.
  10. ↑ The Richmond News Leader, Richmond, VA, Sat., Apr. 17, 1926.
  11. ↑ The Greenwood Commonwealth, Greenwood, MS, Tue., June 29, 1926.
  12. ↑ Richmond Times-Dispatch, Richmond, VA, Wed., July 28, 1926.
  13. ↑ The Richmond News Leader, Richmond, VA, Thu., Jan. 13, 1927.
  14. ↑ Ledger-Star, Norfolk, VA, Sat., Apr. 14, 1928.
  15. ↑ Richmond Times-Dispatch, Richmond, VA, Thu., Oct. 4, 1928.
  16. ↑ The Roanoke Times, Roanoke, VA, Wed., Dec. 11, 1929.
  17. ↑ The Richmond News Leader, Richmond, VA, Thu., Jan. 16, 1930.
  18. ↑ Richmond Times-Dispatch, Richmond, VA, Wed., Sep. 23, 1964.
  19. ↑ Richmond Times-Dispatch, Richmond, VA, Fri., Feb. 20, 1970.
  20. ↑ Culpeper Star-Exponent, Culpeper, VA, Sat. Jan. 20, 1973.
  21. ↑ Richmond Times-Dispatch, Richmond, VA, Sat., Apr. 3, 2021.
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