First National Bank, Irwin, PA (Charter 4698)
First National Bank, Irwin, PA (Chartered 1892 - Open past 1935)
Town History
Irwin is a borough in Westmoreland County, Pennsylvania. Located 22 miles southeast of Pittsburgh, some of the most extensive bituminous coal deposits in the commonwealth are located in Irwin. In the past, iron foundries, flour mills, car shops, facing and planing mills, electrical goods and mirror factories were based in the borough. The population was 3,902 at the 2020 census. In 1890 the population was 2,428 growing to 3,443 by 1930.
Irwin was named for John Irwin, the original owner of the town site. Irwin was the original western terminus of the Pennsylvania Turnpike when it opened in October 1940.
Irwin had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.
Bank History
- Organized February 15, 1892
- Chartered February 29, 1892
- Absorbed 5255 April 11, 1931 (Citizens National Bank, Irwin, PA)
- Bank was Open past 1935
In April 1891, application was made to the Comptroller of the Currency by C.W. Pool and others for authority to organize the First National Bank of Irwin, Pennsylvania.[1] In January 1892, an application to organize the First National Bank of Irwin was filed by J.P. Taylor and his associates.[2] On February 15, the First National Bank of Irwin organized. The capital stock was $50,000. The directors were J.P. Taylor, Irwin, president; Samuel Warden of Mt. Pleasant, Wilson Baughman and John Stahl of Greensburg, H.A. Lauffer of Manor, George Weddel, John C. Fox, John F. Wolt and Dr. C.E. Taylor of Irwin.[3] The defunct Pool Bank of Irwin was succeeded by the First National Bank of Irwin an business would be conducted differently.[4]
On February 29, 1892, among the applications for authority to organize national banks filed with the comptroller of the currency was the First National Bank of McDonald, Pennsylvania, by G.S. Campbell and his associates. The First National Bank Irwin, capital $50,000, was authorized to begin business.[5]
In February 1893, the stockholders met and elected Mr. P.W. Morgan, formerly of California, Pennsylvania, assistant cashier.[6] A month later he resigned to accept a similar position in the new Farmers and Merchants National Bank at Mt. Pleasant.[7]
In January 1895, J. Arthur Jones, lately cashier of the Littlestown Savings Institution left for his home in Delta. After a vacation there he would leave for his new position in the First National Bank of Irwin, Pennsylvania.[8]
On July 16, 1922, a charter was issued to the Irwin Savings and Trust Company, capital $125,000, treasurer, Frank D. Peoples, Irwin. The incorporators were A.P. Cameron, Frank Gallagher, and Harry Hershey, all of Irwin.[9]
On November 10, 1937, Chester D. Sensenich, aged 70 years, president of the Irwin Foundry and Car Company and a former state senator, died in his sleep at his home in Irwin. His condition had been critical since last Sunday night when he suffered a heart attack. Mr. Sensenich, a Republican, was a prominent figure in Westmoreland County politics for thirty years. With the late Lewis S. Malone of Irwin as a partner, Mr. Sensenich organized the Irwin Foundry and Mine Car Company. He aided in the organization of the now defunct Citizens National Bank of Irwin and served as a director of the First National Bank of Irwin and the Irwin Savings and Trust Company. He was president of the Intra-State Coal and Coke Company of Somerset County and vice president of the Byerly Gas Coal Company, Irwin.[10]
In December 1952, a proposal for the assumption of the deposit liability of the First National Bank of Irwin by Peoples Union Bank of McKeesport, was approved by the boards of directors of the two banks. Final consummation of the sale awaited ratification by the shareholders of both banks. C.E. Palmer, president of the McKeesport bank, said Peoples Union Bank now has approximately $40,000,000 in resources and the acquisition of the Irwin bank would increase this total by nearly $7,000,000. The present Irwin staff of officers and employees would continue to operate the bank. Dr. R.H. McClellan, president of the Irwin bank, said the members of the Irwin board will be continued as an advisory committee. The McKeesport bank operated three branches, one in McKeesport, one in East McKeesport and one in Bentleyville.[11] The Peoples Union Bank of McKeesport was previously the Union National Bank of McKeesport, Charter 13967.
Official Bank Title
1: The First National Bank of Irwin, PA
Bank Note Types Issued
A total of $1,240,220 in National Bank Notes was issued by this bank between 1892 and 1935. This consisted of a total of 146,556 notes (122,326 large size and 24,230 small size notes).
This bank issued the following Types and Denominations of bank notes:
Huntoon, Peter, Leap Year Plate Dates, Chapter I07, U.S. National Bank Note Encyclopedia. Nine banks had leap year day as their plate date on National Bank Notes. Two were Pennsylvania banks, The First National Bank of Irwin (Charter 4698) and the First National Bank of Beaver (Charter 3850).Series/Type Sheet/Denoms Serial#s Sheet Comments 1882 Brown Back 4x5 1 - 4100 Plate date Feb. 29, 1892, approved March 11, 1892 1882 Brown Back 3x10-20 1 - 2520 Plate date Nov. 6, 1893, approved Nov. 22, 1893 1882 Brown Back 50-100 1 - 480 Plate date Feb. 29, 1892, approved in August 1900 1882 Date Back 4x5 1 - 1675 Plate date Feb. 29, 1892, approved Feb. 19, 1909 1882 Date Back 3x10-20 1 - 976 Plate date Nov. 6, 1893, approved Feb. 3, 1909 1882 Date Back 50-100 1 - 79 Plate date Feb. 29, 1892, approved Jan. 26, 1909 1902 Date Back 4x5 1 - 2480 1902 Date Back 3x10-20 1 - 1688 1902 Plain Back 4x5 2481 - 12565 1902 Plain Back 3x10-20 1689 - 8466 1929 Type 1 6x5 1 - 1876 1929 Type 1 6x10 1 - 1048 1929 Type 1 6x20 1 - 274 1929 Type 2 5 1 - 2990 1929 Type 2 10 1 - 1656 1929 Type 2 20 1 - 396
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1892 - 1935):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Irwin, 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
- ↑ The Philadelphia Times, Philadelphia, PA, Sun., Apr. 5, 1891.
- ↑ Republican and Herald, Pottsville, PA, Thu., Jan. 28, 1892.
- ↑ The Pittsburg Post, Pittsburgh, PA, Tue., Feb. 16, 1892.
- ↑ The Indiana Gazette, Indiana, PA, Wed., Feb. 17, 1892.
- ↑ The Gazette, York, PA, Tue., Mar. 1, 1892.
- ↑ The Daily Herald, Monongahela, PA, Mon., Feb. 6, 1893.
- ↑ The Pittsburg Press, Pittsburgh, PA, Fri., Mar. 31, 1893.
- ↑ Adams County Independent, Littlestown, PA, Fri., Jan. 25, 1935.
- ↑ Pittsburgh Post-Gazette, Pittsburgh, PA, Mon., July 17, 1922.
- ↑ Latrobe Bulletin, Latrobe, PA, Thu., Nov. 11, 1937.
- ↑ Pittsburgh Post-Gazette, Pittsburgh, PA, Mon., Dec. 8, 1952.