First National Bank, Greens Fork, IN (Charter 7124)
First National Bank, Greens Fork, IN (Chartered 1904 - Open past 1935)
Town History
Greens Fork is a town in Clay Township, Wayne County, Indiana. It is 10 miles east by northeast of Richmond which is just 5 miles from the border with Ohio. The population was 423 at the 2010 census. In 1920 the population was 380, declining to 333 by 1930.
The town of Greens Fork derives its name from the Greens Fork river on which it is situated. Both the river and the town get their name from a Delaware Indian named Johnny Green. The Greens Fork post office has been in operation since 1828.
Greens Fork had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized December 28, 1903
- Chartered February 4, 1904
- Opened for business March 2, 1904
- Absorbed 8625 May 6, 1930 (First National Bank, Williamsburg, IN)
- Bank was Open past 1935
- Merged with 1988 (Second National Bank, Richmond, IN) on July 1, 1947
In January 1904, the stockholders of the First National Bank of Greens Fork decided to let a contract for a new brick structure on the site formerly occupied by the post office. The contract called for completion of the building by February 10th.[3] On February 4th, the First National Bank of Greens Fork was authorized to commence business with capital of $25,000. Daniel W. Harris was president, Milo Gentry, vice president; Frank M. Taylor, cashier; and Claude S. Kitterman, assistant cashier.[4] The Report of Condition as of the close of business, June 9, 1904, showed total resources of $50,150.76 with capital stock paid in $25,000, undivided profits $554.60, circulation $6,250 and deposits of $18,215.22. D.C. Moore was cashier and the directors attesting to the correctness of the report were Daniel W. Harris, Ennias Kitterman and Frank M. Taylor.[5]
In 1925, the officers were D.W. Harris, president; P. Franzman, vice president; Elizabeth J. Ward, cashier; and Mary E. Hatfield, assistant cashier.[6]
On Saturday night, May 26, 1934, Frank M. Taylor, 68, director of the First National Bank and formerly vice president of the institution, died at his home, 231 South Fifteenth Street. Mr. Taylor organized the First National Bank of Greens Fork in 1904 and was elected cashier, serving for one year. He also helped organize the First National Bank of Williamsburg and the First National Bank of Dublin and was a director of both banks. In June 1905, he was made cashier of the First National Bank of Richmond at the retirement of Charles Du Hadway. He was at one time one of the incorporators of the Seidel Buggy Company and also served for a time as vice president of the Richmond Baking Company.[7]
In 1947, the Second National Bank of Richmond celebrated its 75th Anniversary. In June 1947, managers for the Hagerstown and Greensfork branches of the Second National Bank were announced by Dudley N. Elmer, president of the Second National Bank. Thurman W. Stoner would manage the Hagerstown branch while Paul J. Austerman would manage the Greensfork branch. The Second National Bank would take over the Union Trust Company in Hagerstown and the First National Bank of Greens Fork on July 1st. Mr. Austerman was employed by the Second National for the past 10 years. Mr. Stoner, employed by the Richmond bank for the past two years, previously was cashier of the Saratoga State Bank in Randolph County.[8]
Official Bank Title
1: The First National Bank of Greens Fork, IN
Bank Note Types Issued
A total of $422,760 in National Bank Notes was issued by this bank between 1904 and 1935. This consisted of a total of 53,338 notes (43,496 large size and 9,842 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 4x5 1 - 300 1902 Red Seal 3x10-20 1 - 240 1902 Date Back 4x5 1 - 1850 1902 Date Back 3x10-20 1 - 1450 1902 Plain Back 4x5 1851 - 6383 1902 Plain Back 3x10-20 1451 - 3951 1929 Type 1 6x5 1 - 760 1929 Type 1 6x10 1 - 452 1929 Type 1 6x20 1 - 130 1929 Type 2 5 1 - 1092 1929 Type 2 10 1 - 539 1929 Type 2 20 1 - 159
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1904 - 1935):
Presidents:
Cashiers:
- Daniel C. Moore, 1904-1914
- Raymond Allyn Deeter, 1915-1918
- William Thomas Steers, 1919-1924
- Elizabeth J. (Ward) Boyd, 1925-1935
Other Known Bank Note Signers
Bank Note History Links
Sources
- Greens Fork, IN, 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
- ↑ The Richmond Item, Richmond, IN, Sat., Jan. 17, 1925.
- ↑ Palladium-Item, Richmond, IN, Sun., Aug. 14, 1955.
- ↑ The Richmond Item, Richmond, IN, Tue., Jan. 12, 1904.
- ↑ Palladium-Item, Richmond, IN, Fri., Feb. 5, 1904.
- ↑ The Richmond Item, Richmond, IN, Fri., June 17, 1904.
- ↑ The Richmond Item, Richmond, IN, Sat., Jan. 17, 1925.
- ↑ Palladium-Item, Richmond, IN, Mon., May 28, 1934.
- ↑ Palladium-Item, Richmond, IN, Thu., June 19, 1947.