First National Bank, Montoursville, PA (Charter 6997)
First National Bank, Montoursville, PA (Chartered 1903 - Open past 1935)
Town History
Montoursville is a borough in Lycoming County, Pennsylvania. The 2010 census reported its population as 4,615. It forms part of the Williamsport, Pennsylvania Metropolitan Statistical Area. The Williamsport Regional Airport is in Montoursville.
Developed on the east bank of Loyalsock Creek near the former native village of Otstonwakin, the borough is named for Andrew Montour, the French/Native American and son of Madame Montour, a Native American interpreter and negotiator who served the British colonial government in New York and Pennsylvania during the early eighteenth century. She led the native village. Her son also became influential as an interpreter and negotiator, serving colonial governments in Pennsylvania and Virginia, including during the French and Indian War.
Permanent European-American settlement of this site did not take place until after the American Revolutionary War. John Burrows gained credit as the founder of Montoursville because he sold lots to other settlers, as well as achieving political power and wealth. He was born near Rahway, New Jersey. In his youth Burrows carried mail by horseback between New York and Philadelphia. He also served as a courier for General George Washington during the American Revolution for fourteen months. Following the war, Burrows migrated to Muncy, Pennsylvania and worked in the distilling business for several years.
He built up capital to make an invest in land near the mouth of Loyalsock Creek, which was developed as Montoursville. He bought 570 acres in 1812. Burrows divided his land into lots in 1820 and sold them for $50.00 each. In Lycoming County government, Burrows served as a justice of the peace before being elected county commissioner in 1802, and to the Pennsylvania State Senate in 1808.
Montoursville had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized October 8, 1903
- Chartered October 14, 1903
- Opened for business October 14, 1903
- Assumed The Peoples Bank & Trust Company of Montoursville by consolidation on December 17, 1932
- Bank was Open past 1935
- Bank History Research Resources Pennsylvania Bank Note History (BNH Wiki)
In December 1932, two Banks of Montoursville borough, The First National Bank and the Peoples Bank and Trust Company, consolidated under the name of the First National Bank of Montoursville. The officers of the consolidated bank were Charles V. Adams, chairman of the board; C.E. Bennett, president; J.E. Callahan and G.E. Shaffer, vice presidents; H.W. App, cashier; and Faries Sedam, assistant cashier and trust officer.
In August 1973, The First National Bank of Montoursville, located on on 355 Broad Street, Montoursville, made application to the Federal Deposit Insurance Corp. for consent to consolidate with the Bank of South Williamsport. C. Harry Forse was president of the Montoursville bank. In January 1974, the Bank of Central Pennsylvania acquired the Bank of South Williamsport. After acquiring the Grange National Bank of Lycoming County at Hughesville, on December 31, 1980, the Bank of Central Pennsylvania merged on December 30, 1985, and became part of Commonwealth Bank and Trust Company, National Association in Williamsport, Pennsylvania.
Official Bank Title(s)
1: The First National Bank of Montoursville, PA
Bank Note Types Issued
A total of $1,441,250 in National Bank Notes was issued by this bank between 1903 and 1935. This consisted of a total of 179,308 notes (126,916 large size and 52,392 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 - 1345 1902 Red Seal 3x10-20 1 - 1002 1902 Date Back 4x5 1 - 2250 1902 Date Back 3x10-20 1 - 1700 1902 Plain Back 4x5 2251 - 17279 1902 Plain Back 3x10-20 1701 - 12103 1929 Type 1 6x5 1 - 3748 1929 Type 1 6x10 1 - 2186 1929 Type 1 6x20 1 - 562 1929 Type 2 5 1 - 8400 1929 Type 2 10 1 - 3984 1929 Type 2 20 1 - 1032
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1903 - 1936):
Presidents:
Cashiers:
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 Montoursville (Wikipedia)
- General information on Lycoming County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Montoursville, PA, Wikipedia, https://en.wikipedia.org/wiki/Montoursville,_Pennsylvania
- 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
- Harrisburg Telegraph, Harrisburg, PA, Wed., Dec. 21, 1932.
- Williamsport Sun-Gazette, Williamsport, PA, Thu., Aug. 23, 1973.