First National Bank, Indiana, PA (Charter 313)

First National Bank of Indiana, Pennsylvania at Philadelphia and Sixth Streets. Courtesy of Google Maps

First National Bank, Indiana, PA (Chartered 1864 - Receivership 1934)

Town History

Indiana is a borough in and the county seat of Indiana County in the Commonwealth of Pennsylvania.

The borough and the region as a whole promotes itself as the "Christmas Tree Capital of the World" because the national Christmas Tree Grower's Association was founded there. There are still many Christmas tree farms in the area.

For decades the major industry of the town was coal mining, but as mines closed throughout the latter half of the 20th-century the area has had ongoing economic difficulty. Natural gas surveying and production have picked up some of the slack, and Indiana serves as the home of the largest privately owned drilling company in the United States, S.W. Jack Drilling Company. The largest employer in the borough today is Indiana University of Pennsylvania, the second-largest of the 14 Pennsylvania State System of Higher Education (PASSHE) schools in the state.

In 1860 the population was 1,331 and by 1900 it was 4,142. The population peaked in 1970 at 16,100 and at the 2010 census it was 13,975.

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

Bank History

Chartered March 12, 1864
Conservatorship March 20, 1933
Receivership May 2, 1934

Official Bank Title(s)

1: The First National Bank of Indiana, PA

Bank Note Types Issued

Original Series $5 bank note with pen signatures of H.A. Thompson, Cashier and James Sutton, President. Courtesy of Heritage Auctions, www.ha.com

1882 Brown Back $10 bank note with pen signatures of J.R. Daugherty, Jr., Cashier and W.J. Mitchell, President. Courtesy of Lyn Knight Auctions, www.lynknight.com

1902 Plain Back $10 bank note with engraved signatures of J.R. Daugherty Cashier and J.S. Blair, President. Courtesy of Adam Stroup

1929 Type 1 $10 bank note with printed signatures of J.R. Daugherty Cashier and J.S. Blair, President. This is a Replacement note. Courtesy of Cody Regennitter

1929 Type 2 $20 bank note with printed signatures of Paul J. Straitiff, Cashier and J.S. Blair, President. Courtesy of Heritage Auctions, www.ha.com

A total of $4,212,330 in National Bank Notes was issued by this bank between 1864 and 1934. This consisted of a total of 363,114 notes (316,940 large size and 46,174 small size notes).

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

Series/Type	Sheet/Denoms	Serial#s	Sheet Comments
Original Series	4x5	1 - 10450
Original Series	3x10-20	1 - 3300
Series 1875	3x10-20	1 - 4000
1882 Brown Back	3x10-20	1 - 6573
1902 Red Seal	3x10-20	1 - 2800
1902 Date Back	3x10-20	1 - 16500
1902 Plain Back	3x10-20	16501 - 52112
1929 Type 1	6x10	1 - 5968
1929 Type 1	6x20	1 - 1694
1929 Type 2	10	1 - 132
1929 Type 2	20	1 - 70

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1864 - 1934):

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

Indiana, 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://bbdata.banknotehistory.com