First National Bank in Parkton, MD (Charter 13867)
First National Bank in Parkton, MD (Chartered 1933 - Open past 1935)
Town History
Parkton is an agrarian unincorporated area in the northern part of Baltimore County, Maryland. It borders southern York County, Pennsylvania, which forms part of the Mason–Dixon line. The area is mostly agricultural in nature with corn, soy beans and other industrial use crops being the major plants grown. Approximately 6,600 people live within ZIP code 21120. The Torrey C. Brown Rail Trail that passes through Parkton used to be the Northern Central Railway that Abraham Lincoln once traveled to Baltimore.
Parkton had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.
Bank History
- Organized December 6, 1933
- Chartered December 8, 1933
- Succeeded 9444 (First National Bank of Parkton, MD)
- Assumed its circulation
- Outstanding circulation includes circulation of both 13867 and 9444
- Bank was Open past 1935
On Wednesday, April 9, 1958, merger of three Baltimore County banks was approved by the boards of directors and, subject to approval of the Comptroller of Currency, and the stockholders. The Second National Bank of Towson was absorbing the First National Bank in Parkton and the White Hall Bank. Upon completion of the merger, the Towson bank which had its headquarters in the county seat, would maintain Branches in Parkton and in White Hall with all employees in the latter two banks retained. The merger would give the Second National total resources exceeding $17 million and deposits of almost $16 million according to President H. Courtenay Jenifer. The Towson bank had assets of $14,800,000 and deposits of $13,300,000; the Parkton bank had assets of $1,737,000 and deposits amounting to $1,517,000; the White Hall institution had resources of $1,092,000, and deposits of $954,000. The Second National Bank of Towson was the oldest bank in Baltimore County operating under its original charter. Mr. Jenifer had been president since 1950. Herbert W. Rutherford was vice president; Willard J. Burns was assistant vice president; Stewart M. Harward was cashier; and James F. Burns was assistant cashier. The bank was founded in 1906 by Thomas W. Offutt, Elmer J. Cook, and Harrison Rider. Mr. Offutt was its first president. The Parkton bank was founded June 9, 1909, with John Mays Little as president. Mr. Little remained president until 1950, and was succeeded by Harvey M. Hale, who had joined the bank in 1909, and became cashier in 1936 upon the death of H.E. Krout. The bank was first known as The First National Bank of Parkton and after reorganization in 1933 became The First National Bank in Parkton. R. Parke Plowman was cashier and would remain as manager after the merger. The White Hall institution also was started in 1909 as a State chartered bank, the founders being Samuel D. Black, William P. Bosley, W. Evans Anderson, and Richard H. Wiley. Mr. Black was the first president. During the 1920s, the bank became a part of the Bank of Baltimore County with headquarters in Towson. After the 1933 banking troubles, the White Hall bank was reorganized as a separate institution, resuming the name first used under a State charter. The Bank of Baltimore County eventually became a branch of the Fidelity-Baltimore National Bank. W. Arthur Jackson was president of the White Hall Bank and W. Dale Wright was cashier.
Official Bank Title(s)
1: The First National Bank in Parkton, MD
Bank Note Types Issued
A total of $52,550 in National Bank Notes was issued by this bank between 1933 and 1935. This consisted of a total of 4,235 notes (No large size and 4,235 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1929 Type 2 10 1 - 3215 1929 Type 2 20 1 - 1020
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1933 - 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
- Maryland Bank Note History
- General information on Parkton (Wikipedia)
- General information on Baltimore County (Wikipedia)
- General information on Maryland (Wikipedia)
Sources
- Parkton, MD, Wikipedia, https://en.wikipedia.org/wiki/Parkton,_Maryland
- 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 Evening Sun, Baltimore, MD, Fri., Apr. 11, 1958.