First National Bank, Warren, PA (Charter 520)

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Map showing the location of Warren and Warren County, Pennsylvania.
Map showing the location of Warren and Warren County, Pennsylvania.

First National Bank, Warren, PA (Chartered 1864 - Open past 1935)

Town History

Needed: a contemporary postcard or photo of the bank.
Needed: a contemporary postcard or photo of the bank.

Warren is the county seat of Warren County, PA, located along the Allegheny River. After the Revolutionary War, General William Irvine and Andrew Ellicott were sent to the area to lay out a town in 1795. It was named after Major General Joseph Warren. David Beaty discovered oil in Warren in 1875 while drilling for natural gas in his wife's flower garden. Oil came to dominate the city's economy. Many of the town's large Victorian homes were built with revenue generated by the local oil and timber industries.

The population was 9,404 at the 2020 census. As of the census of 1900, there were 8,043 people, and the population peaked in 1940 at 14,891.

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

Bank History

On August 14, 1953, stockholders of the First National Bank of Warren were advised that The Warren National Bank offered to purchase the 2,000 outstanding shares of the First National Bank capital stock. To effect the merger, holders of at least 75% of the stock were required to accept the offer. All First National Bank employees would be retained. L.A. Branch was cashier, Wallace H. Cowden was president, and M.F. Cowden was vice president. Assistant Cashiers were A.L. Langlon and A.H. Templeton while Tellers were C.W. Anderson, A.H. Bengston, and R.F. Dietsch. Effective October 30, 1953, The First National Bank of Warren and the Warren National Bank merged to form an institution whose resources totaled approximately $34 million. Clare J. Crary was Chairman of the Board and Albert L. Rasmussen remained president of the resulting institution, The Warren National Bank, Charter 4879.

Official Bank Title(s)

1: The First National Bank of Warren, PA

Bank Note Types Issued

An original series $5 bank note with pen signatures of Moses Beecher, Jr., Cashier and Boon Mead, President.
An original series $5 bank note with pen signatures of Moses Beecher, Jr., Cashier and Boon Mead, President. Courtesy of Lyn Knight Auctions, www.lynknight.com
1882 Brown Back $10 bank note with pen signature of F.K. Russell, Cashier and F.H. Rockwell, President.
1882 Brown Back $10 bank note with pen signature of F.K. Russell, Cashier and F.H. Rockwell, President. Courtesy Adam Stroup
1902 Red Seal $5 bank note with pen signature of F.K. Russell, Cashier and double stamped signature of F.H. Rockwell, President.
1902 Red Seal $5 bank note with pen signature of F.K. Russell, Cashier and double stamped signature of F.H. Rockwell, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 2 $10 bank note with printed signatures of C.T. Connaro, Cashier and Wm. Muir, President. Courtesy of Heritage Auctions, www.ha.com

A total of $2,830,270 in National Bank Notes was issued by this bank between 1864 and 1935. This consisted of a total of 369,548 notes (322,992 large size and 46,556 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
Original Series 3x1-2 1 - 3340
Original Series 4x5 1 - 4750 SN 4750 has the highest N-block number of N999818
Original Series 3x10-20 1 - 2000
Series 1875 3x1-2 1 - 100
Series 1875 4x5 1 - 1830
Series 1875 3x10-20 1 - 1720
1882 Brown Back 4x5 1 - 12880
1882 Brown Back 3x10-20 1 - 7183
1902 Red Seal 4x5 1 - 3750
1902 Red Seal 3x10-20 1 - 2600
1902 Date Back 4x5 1 - 7500
1902 Date Back 3x10-20 1 - 5480
1902 Plain Back 4x5 7501 - 23815
1902 Plain Back 3x10-20 5481 - 16780
1929 Type 1 6x5 1 - 3912
1929 Type 1 6x10 1 - 1850
1929 Type 1 6x20 1 - 498
1929 Type 2 5 1 - 5516
1929 Type 2 10 1 - 2688
1929 Type 2 20 1 - 792

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1864 - 1936):

Presidents:

Cashiers:

Other Bank Note Signers

Wiki Links

Sources

  • Warren, 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
  • The Warren Times Mirror, Warren, PA, Wed., Jan. 9, 1952.
  • The Kane Republican, Kane, PA, Sat., Aug. 15, 1953.
  • The Kane Republican, Kane, PA, Mon., Nov. 2, 1953.
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