First National Bank/Aliquippa NB, Woodlawn, PA (Charter 10951)

Postcard of the Woodland Trust Company located in Aliquippa, Pennsylvania, ca1930s. The building shows Founded MCMX, Erected MCMXX. Courtesy of Adam Stroup

First National Bank/Aliquippa NB, Woodlawn, PA (Chartered 1917 - Liquidated 1931)

Town History

The old Woodlawn Trust Company building ca2023 at 392 Franklin Avenue, Aliquippa, Pennsylvania. Courtesy of Google Maps

Woodlawn is located in Beaver County.

Aliquippa was founded by the merger on January 17, 1917, of three towns: Aliquippa, Woodlawn, and New Sheffield.

Aliquippa is the largest city in Beaver County, Pennsylvania, located on the Ohio River about 18 miles northwest of Pittsburgh. The population was 9,238 at the 2020 census. It is part of the Pittsburgh metropolitan area.

Formerly the location of a large Native American trading center, Aliquippa grew to become a center for steel manufacturing by the early 20th century, similar to other towns in the area. Aliquippa is best known as the location of a productive steel mill that the Jones and Laughlin Steel Company constructed there along the Ohio River beginning in 1905. Employment at the facility sustained a population of 27,023 in 1940. The mill closed in 1984 during the collapse of the steel industry during the 1980s, and was demolished in 1988. With the closure of most large employers by the 1980s, Aliquippa has since become an economically distressed community.

Woodlawn had one National Bank, The First National Bank of Woodlawn (Charter 10951) chartered during the Bank Note Era and it issued National Bank Notes. In 1928 this bank changed its name to the Aliquippa National Bank of Aliquippa. Aliquippa had two other national banks and both issued National Bank Notes.

Bank History

Organized January 17, 1917
Chartered February 9, 1917
2: Liquidated November 24, 1931
2: Absorbed by The Woodlawn Trust Company of Aliquippa, Pennsylvania

The Woodlawn Trust Company with capital $125,000 was chartered on March 3, 1910.

Early in December 1916, the First National Bank of Woodlawn, Beaver County, organized by electing John R. Morrow, president of the Continental Trust Co. of Pittsburgh, president, and J.A. Lawson, formerly cashier of the Peoples National Bank of Clintonville, cashier; H.G. Miller, vice president; John Wright, J.C. Collins, C.A. Turkis, J.F. Campbell, F.A. Hornstein, J.T. Thomas, J.H. Figley, and D.W. McClure, directors. The bank would have paid-in capital of $100,000 and a surplus of $20,000 and planned to open for business about January 1st. The bank purchased its own building which was in the process of being remodeled.

On October 16, 1931, the Woodlawn Trust Company took over the Aliquippa National Bank, both of which were located in Aliquippa. The Aliquippa National had total resources of about $2,250,000 and the Woodlawn Trust guaranteed payment in full of all Aliquippa National accounts. A.W. Combs, president of the Aliquippa National said that the action was taken following continuous withdrawals of accounts from the bank.

On January 28, 1958, the merger of the Woodlawn Trust Company and Mellon Bank was approved by shareholders of both banks. The main office of the Woodlawn Trust Company, Alliquippa, and its branches at West Aliquippa and New Sheffield became offices of Mellon Bank. John H. Neish, formerly executive vice president of the Woodlawn Trust Company was appointed an assistant vice president of Mellon Bank and would have general supervision of the three new offices. Raymond P. Hineman was appointed manager of the Aliquippa office and W.F. Burgoyne was named assistant manager. Philip M. Cox, Jr. was appointed manager of the New Sheffield office and C.H. Droshar manager of the West Aliquippa office.

Official Bank Title(s)

1: The First National Bank of Woodlawn, PA

2: Aliquippa National Bank (3/29/1928), Aliquippa, PA

Bank Note Types Issued

1902 Plain Back $10 bank note with stamped signatures of Jas. C. Peoples, Cashier and John C. Collins, President. Courtesy of Heritage Auctions, www.ha.com

1902 Plain Back $5 bank note with SN 1A and pen signatures of F.D. Long, Cashier and A.W. Coombs, President. Courtesy of Heritage Auctions, www.ha.com

1929 Type 1 $5 bank note with printed signatures of F.D. Long, Cashier and A.W. Coombs, President. Courtesy of Lyn Knight Auctions, www.lynknight.com

A total of $1,305,020 in National Bank Notes was issued by this bank between 1917 and 1931. This consisted of a total of 148,204 notes (95,368 large size and 52,836 small size notes).

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

Series/Type	Sheet/Denoms	Serial#s	Sheet Comments
1: 1902 Plain Back	3x10-20	1 - 18800
2: 1902 Plain Back	4x5	1 - 5042
2: 1929 Type 1	6x5	1 - 8806

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1917 - 1931):

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

Woodlawn, 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
Intelligencer Journal Lancaster, PA, Thu., Mar. 3, 1910.
The Pittsburgh Press, Pittsburgh, PA, Sun., Dec. 3, 1916.
The Pittsburgh Press, Pittsburgh, PA, Fri., Oct. 16, 1931.
Pittsburgh Post-Gazette, Pittsburgh, PA, Mon., Feb. 3, 1958.