First National Bank, Dushore, PA (Charter 4505)
First National Bank, Dushore, PA (Chartered 1891 - Closed (Merger) 1975)
Town History
Dushore (pronounced DU-shore) is a borough in Sullivan County, Pennsylvania. As of 2022, Dushore is home to Sullivan County's only traffic light.
The first permanent settler in the Dushore area was General Cornwallace Jackson, who settled there in 1825. The community itself, however, was founded by and named for the French navy captain Aristide Aubert Dupetit-Thouars. Dushore Senior was a one-armed royalist refugee from the horrors of the French Revolution of 1792 who settled in what is now Sullivan County. Despite the fact that his left are was off at the elbow and he had five bullets in his body, the industrious old pioneer cleared a nice little farm on which he erected a farmhouse, tavern and other buildings. The native Pennsylvania German and Yankee settlers in the neighborhood found his high-sounding name of Du Petit-Thouars too much for their articulation and twisted the cognomen somehow into "Dushore."[1] Years later when a village had grown up about the site of the old emigre's improvements and a post office was built, it was given the name of Dushore.
Dushore was incorporated from Cherry Township in 1859. Until the incorporation Dushore was known as Jackson's Hollow, Mosier's Hollow and Headleyville. The population was 608 at the 2010 census. In 1890, the population was 783 peaking at 884 in 1900.
Dushore had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized December 9, 1890
- Chartered January 17, 1891
- Absorbed 9552 January 9, 1934 (First National Bank, Mildred, PA)
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into Northern Central Bank & Trust in Williamsport, PA, July 1, 1975
On December 1, 1890, the Stockholders of the First National Bank of Dushore met to perfect the organization. George H. Welles of Wyalusing was elected president, and M.D. Swarts of Dushore, cashier. F.B. Pomeroy, Wm. Lawrence, A.H. Zaner, B.M. Sylvara, of Dushore; George H. Welles, of Wyalusing; S.D. Sterigere, of New Albany; A. Walsh, of LaPorte; B.W. Jennings, of Lopez; and W.C. Rogers, of Forksville, directors.[2]
On January 12, 1909, the Stockholders elected the following board of directors: E.G. Sylvara, John D. Reeser, and Samuel Cole of Dushore; H.M. Kellogg of Lopez; Fisher Welles and Lincoln Welles of Wyalusing; S.D. Sterigere of New Albany; J.J. Hannon of Overton; and Albert F. Heess of Laporte. The Board organized with Hon. S.D. Sterigere as president, Hon. John D. Reeser as Vice-President, M.D. Swarts as Cashier, and B.F. Crossley as Teller, all of the officials being re-elected.[3]
The First National Bank of Dushore and the First National of Mildred, both mining and industrial communities in Sullivan County merged effective Saturday, May 13, 1933. B.F. Crossley was cashier of the Dushore bank and William Gilmore was cashier of the Mildred bank, becoming an assistant cashier.[4][5]
In January 1945, the following directors were elected: M.J. Harrington, B.F. Crossley, Samuel Cole, Albert F. Heess, Clayton Welles, and Frank V. Rohe. Officers were B.F. Crossley, president; Albert H. Heess, vice president, W. Floyd Kast, cashier; William Gilmore and Walter Saxe, assistant cashiers; Eugen Avery, teller; and Katherine A Helsman, secretary.[6]
In January 1946, Clayton Welles was elected president succeeding the late Benjamin F. Crossley who died the previous week.[7]
On July 1, 1975, the merger of the First National Bank of Dushore with Northern Central Bank, Williamsport was concluded. This date also marked the official name change of Northern Central Bank and Trust Co. to Northern Central Bank. The Dushore bank operated one branch office in Eagles Mere in addition to its main office. Northern Central Bank and Trust Co. was incorporated in 1934 under the name of West Branch Bank and Trust Co. It merged with Bank of Newberry in 1963 at which time the corporate title was changed to the Northern Central Bank and Trust Co. Now, Northern Central had 13 offices, three in Williamsport, two in Milton, two in Montgomery, one in Athens, two in Sunbury, one in Northumberland, and two in Dushore, with total assets of about $170 million.[8]
Official Bank Title(s)
1: The First National Bank of Dushore, PA
Bank Note Types Issued
A total of $1,133,380 in National Bank Notes was issued by this bank between 1891 and 1975. This consisted of a total of 144,794 notes (119,988 large size and 24,806 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 4x5 1 - 5625 1882 Brown Back 3x10-20 1 - 2440 1882 Date Back 4x5 1 - 1287 1882 Date Back 3x10-20 1 - 900 1902 Date Back 4x5 1 - 2600 1902 Date Back 3x10-20 1 - 2060 1902 Plain Back 4x5 2601 - 11820 1902 Plain Back 3x10-20 2061 - 7925 1929 Type 1 6x5 1 - 1944 1929 Type 1 6x10 1 - 1080 1929 Type 1 6x20 1 - 278 1929 Type 2 5 1 - 2954 1929 Type 2 10 1 - 1656 1929 Type 2 20 1 - 384
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1891 - 1975):
Presidents:
- Geo. Hollenback Welles, 1891-1895
- Benjamin Morris Sylvara, 1896-1896
- Hon. Fayette Brewster Pomeroy, 1897-1897
- Bishop Worth Jennings, 1899-1904
- Hon. Stephen Decatur Sterigere, 1905-1909
- Fisher Welles Jr., 1910-1934
- John Daniel Reeser Sr., 1935-1935
Cashiers:
- Madison DeWitt Swarts, 1891-1913
- Benjamin F. Crossley, 1914-1935
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Pennsylvania Bank Note History
- General information on Dushore (Wikipedia)
- General information on Sullivan County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Dushore, PA, 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
- ↑ Altoona Tribune, Altoona, PA, Wed., Jan. 2, 1929.
- ↑ Sullivan Republican, Laporte, PA, Fri., Dec. 5, 1890.
- ↑ Republican News Item, Laporte, PA, Thu., Jan. 14, 1909.
- ↑ Shamokin News-Dispatch, Shamokin, PA, Mon., May 15, 1933.
- ↑ The Canton Independent-Sentinel, Canton, PA, Thu., May 18, 1933.
- ↑ Wilkes-Barre Times Leader, The Evening News, Wilkes-Barre, PA, Thu., Jan. 11, 1945.
- ↑ Wilkes-Barre Times Leader, The Evening News, Wilkes-Barre, PA, Thu., Jan. 10, 1946.
- ↑ The Daily Item, Sunbury, PA, Tue., July 1, 1975.