First National Bank, New Carlisle, IN (Charter 5639)
First National Bank, New Carlisle, IN (Chartered 1900 - Open past 1935)
Town History
New Carlisle is a town in Olive Township, St. Joseph County, in the U.S. state of Indiana. The population was 1,891, as of the 2020 Census. It is part of the South Bend–Mishawaka, IN-MI, Metropolitan Statistical Area. In 1900 the population was 597, growing to 718 by 1930.
New Carlisle was originally known as Bourissa Hills. This was named after Lazarus Bourissa, a Potawatamie graduate of the Carey Mission who had been granted this section of land by the treaty that moved most of the Potawatamie to the west. It was platted under the name of New Carlisle, by Richard Risley Carlisle, who had come from Philadelphia, in 1835. The New Carlisle post office has been in operation since 1837.
New Carlisle had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized October 18, 1900
- Chartered December 14, 1900
- Opened for business January 2, 1901
- Bank was Open past 1935
- Acquired by The National Bank & Trust Company of South Bend, Indiana, December 1963
In September 1900, the comptroller of the currency approved the application of A.R. Brummitt, D.S. Scoffern, Mark L. William, and Maria Brummitt for authority to organize the First National Bank of New Carlisle with a capital of $25,000.[2] On Saturday, December 29, 1900, the bank of the Brummitt Hardware Company dissolved and closed up business. The large, heavy safe and fixtures were moved to the new bank building of the First National Bank of New Carlisle which opened its doors on Wednesday, January 2, 1901, with Haven Hubbard as president and A.R. Brummitt, cashier.[3]
In March 1901, D.S. Scoffern and James Reynolds of New Carlisle and Charles F. Pears of Buchanan, Michigan, purchased the First National Bank building and fixtures valued at $10,000 and opened a new bank to be known as the Niles City Bank. For the present it would operate as a private institution and planned to become a national bank later. Mr. Scoffern would serve as cashier and with his family move to Niles. He was president of the First National Bank of Buchanan and vice president of the First National Bank of New Carlisle.[4]
On September 19, 1916, Haven Hubbard, aged 63 years, died at his residence near Hamilton, Indiana after an illness of one year. Mr. Hubbard was a life long resident of St. Joseph County, and was born December 4, 1853. He was a brother of the late Judge Lucius B. Hubbard, and was the second son of the late Ransom Hubbard, one of the pioneer settlers of the rich agricultural territory known as Terre Coupee prairie, and one of the largest land owners and wealthiest farmers in the county. Mr. Hubbard was born on the farm on which he died and lived there all his life. He was a well-known banker and president of the First National Bank at New Carlisle at the time of his death. He was educated in the district schools of Olive Township and attended the University of Michigan. His life was devoted to the operation of farming industries and looking after his financial affairs. He was the principal stockholder in the First National Bank and interested in the First National Bank and South Bend National Bank of South Bend. In addition to his real estate in this county he had large holdings in Michigan. Mr. Hubbard was a man of retiring disposition and lived a quiet life.[5]
In August 1933, Arthur R. Brummit marked 37 years that he had put his whole heart into running a bank. He first started in business in 1896 as a hardware and implement dealer, operating a private bank on the side. His brother, Mark Brummitt was his partner. So successful was the banking business and so insistent was the call to organize a bank that Arthur and Mark Brummitt interested Haven Hubbard and his son, Arthur L. Hubbard, and D.S. Scoffern of Niles, Michigan in the project. William Brummitt, father of Arthur and Mark Brummitt, aided in the organization. Haven Hubbard was elected president and Arthur Brummitt became cashier, a post he held for 25 years. In 1925 he became president when Arthur Hubbard, who had succeeded his father as president January 9, 1917, retired. Maria J. Brummitt Brown, now of South Bend, was another of the organizers. The board built the banking house in 1900 and had modernized it to the extent of installing one of the most up-to-date vaults possible. Beyond a burglary in 1917 when the safe was blown up and some war savings stamps taken, the bank had no criminal experience possibly due to the fact that a well-trained vigilante organization was constantly ready. Force to close during the moratorium of President Roosevelt in March 1933, the bank reopened promptly on the day set for its class to open and had no restrictions on any accounts. Mr. Brummitt's two sons were carrying on the family tradition. A.R. Brummitt, Jr., was cashier and W.W. Brummitt was one of the two assistant cashiers, the other being B.H. Bate. E.J. Sandmeier and William J. Hooten were vice presidents.[6]
In November 1963, The acquisition of the First National Bank of New Carlisle by the National Bank & Trust Co. of South Bend was announced. The First National had been controlled by the Brummitt family for nearly three-quarters of a century. The first quarters were in the Brummitt store on U.S. 20 in the New Carlisle business district, across the street from where the bank would open in 1901. The Brummitt family apartment was over the store. As a precaution against bank robberies, a hole was cut in the apartment floor over the safe and a double-barreled shotgun concealed in the opening.
After receiving a national charter in December 1900, Brummitt moved the banking business to its new home January 2, 1901, making use of half of the building. The whole structure was occupied in 1918 when a vault was installed. The front and interior of the building were remodeled and new counters and fixtures added in 1953. A paneled conference room and insurance office were later installed. Other family members connected with the bank were Donald Brummitt, vice president, and Mrs. Ruth Brummitt Crouch and Worth Brummitt, board members. Donald Brummitt was also in an insurance business with an office in the bank. Mrs. Crouch was a high school teacher. Worth Brummitt was a vice president of the St. Joseph Bank & Trust Co. Other First National Board members were William J. Hooton, board chairman, B.H. Bate, cashier since 1925; and Carl E. Kalberer of South Bend. Mrs. William P. Bailey had been a teller 10 years. Other bank employees were Mrs. Joseph Derrick, Miss Rose Ann Faltynski, Mrs. Mary Hopper and Mrs. Robert T. Jones. R.W. Goheen, president of the National Bank & Trust Co., reported that present officers of the First National would be retained. Arthur Brummitt, Jr. was elected a vice president and Bate was named an assistant cashier of the South Bend bank which would take over the New Carlisle operation on December 2nd.[7]
The National Bank & Trust was the outgrowth of the mergers of three South Bend institutions. The first in 1938 between the City National Bank & Trust Co. and the Citizens Trust & Savings Bank with combined deposits of $4.2 million. They both operated in the same building with entrances at 112 W. Jefferson and 209 S. Michigan. In 1944 they were joined by the Merchants National Bank, 229 S. Michigan, to form the National Bank & Trust Co. with combined deposits of over $20 million. At the end of 1967, the National reported deposits of $83.26 million and resources of 93.1 million. The 1944 merger was the last in South Bend, although in 1963, the National Bank & Trust Co. acquired the First National Bank of New Carlisle.[8]
Official Bank Title
1: The First National Bank of New Carlisle, IN
Bank Note Types Issued
A total of $419,270 in National Bank Notes was issued by this bank between 1900 and 1935. This consisted of a total of 33,775 notes (28,240 large size and 5,535 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 3x10-20 1 - 1500 1882 Date Back 3x10-20 1 - 1730 1882 Value Back 3x10-20 1731 - 2629 1902 Plain Back 3x10-20 1 - 2931 1929 Type 1 6x10 1 - 694 1929 Type 1 6x20 1 - 172 1929 Type 2 10 1 - 279 1929 Type 2 20 1 - 60
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1900 - 1935):
Presidents:
Cashiers:
Other Known Bank Note Signers
Bank Note History Links
Sources
- New Carlisle, 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 South Bend Tribune, South Bend, IN, Thu., Aug., 31, 1933.
- ↑ The Indianapolis Journal, Indianapolis, IN, Thu., Sep. 20, 1900.
- ↑ The South Bend Tribune, South Bend, IN, Fri., Jan. 4, 1901.
- ↑ The South Bend Tribune, South Bend, IN, Thu., Mar. 28, 1901.
- ↑ The South Bend Tribune, South Bend, IN, Tue., Sep. 19, 1916.
- ↑ The South Bend Tribune, South Bend, IN, Thu., Aug., 31, 1933.
- ↑ The South Bend Tribune, South Bend, IN, Sun., Nov. 17, 1963.
- ↑ The South Bend Tribune, South Bend, IN, Sun., May 5, 1968.