First National Bank in Sewickley, PA (Charter 13699)
First National Bank in Sewickley, PA (Chartered 1933 - Open past 1935)
Town History
Sewickley is a borough in Allegheny County, Pennsylvania, 12 miles west northwest of Pittsburgh along the Ohio River. It is a residential suburb of the Pittsburgh metropolitan area. The population was 3,907 at the 2020 census. In 1890 the population was 2,776, growing to 5,599 by 1930.
The valley surrounding the Big Sewickley Creek was surveyed in 1785 and sold to American Revolutionary War veterans. After the Battle of Fallen Timbers in 1794, settlers began to trickle in to the area, with flatboats, keelboats, and steamboats forming an industry along the Ohio River.
In 1837, the Edgeworth Female Seminary was moved from Pittsburgh to what was then called Sewickley Bottom. The following year, Sewickley Academy was founded. Becoming a small center for education, by 1840 the community was formally established as Sewickleyville. The borough was incorporated as simply Sewickley on July 6, 1853, after growth continued as the Pittsburgh, Fort Wayne and Chicago Railway was built through the area. In 1911, the Sewickley Bridge was completed, bringing an end to the ferry industry.
Sewickley had three National Banks chartered during the Bank Note Era, and two of those banks issued National Bank Notes.
Bank History
- Organized June 5, 1933
- Chartered June 8, 1933
- Succeeded 4462 (First National Bank of, Sewickley, PA)
- Assumed circulation of 4462
- Bank was Open past 1935
On June 8, 1933, a charter was issued to the First National Bank in Sewickley by the comptroller of the currency. The new bank was the successor to the First National Bank of Sewickley and had a capital of $100,000.[2]
In January 1947, directors of the First National Bank in Sewickley elected Eugene Murray chairman of the board. F.A. Nash, vice president and cashier was named president. R.J. Murray II was elected vice president; Homer W. Fisher, assistant cashier, was made cashier. H.L. Carroll was re-elected assistant cashier.[3] In June Walter I. Floyd was elected to the board of directors, filling the unexpired term of Dr. R.M. Erwin who resigned. Mr. Floyd was president and director of the Duff-Norton Mfg. Co. and a director of the Canadian Duff-Norton Co., Ltd. He also was a director of the Fidelity Trust Co. and a trustee of the Dollar Savings Bank.[4]
On Saturday, June 30, 1945, Howard E. Beall, 68, died in the Sewickley Valley Hospital. He was a general contractor and a resident of Sewickley for 66 years. Since 1928 he was vice president of the First National Bank of Sewickley.[5]
In November 1947, Mellon National Bank and Trust Co. added eight community banks in the past month and a half with total deposits of $70 million. Earlier in the year it acquired two other banks with $24 million in deposits. The other Pittsburgh banking giant, Peoples First National Bank and Trust Co. also continued its expansion of branch banking by adding three banks in recent months bringing its total to 11 community banks. Between the two, Mellons and Peoples had a billion and a half dollars in cash deposits. Mellons had two downtown offices and 11 community banks with a possibility of 10 more. Peoples had two downtown offices with one more already scheduled, 11 community banks and an open mind for additional branches. The eight banks most recently acquired by Mellons were members of the Mellbank Corp. system. Unofficial reports said that the 10 remaining Mellbanks would be taken over during 1948. The eight Mellbanks just acquired were the Braddock National Bank, Wilkinsburg Bank, First National Bank in Sewickley, First National Bank of Wilmerding with offices at Pitcairn and Trafford, the First National Bank of Swissvale and First National Bank & Trust Co. of East Pittsburgh. Mellons previously took over Workingmans Savings Bank & Trust Co., North Side and Bellevue Savings & Trust Co.[6] The First National Bank in Sewickley was the successor to the First National Bank of Sewickley which was organized in 1890. It now had assets of approximately $5,500,000.[7]
On Monday, November 23, 1959, Frank A. Nash, 62, Sewickley banker and civic leader died of a heart attack shortly after being taken to Sewickley Valley Hospital. He was an assistant vice president of Mellon National Bank & Trust Co. and manager of its Sewickley office. Mr. Nash had been in the banking business since 1922. He rose from assistant cashier for the First National Bank of Sewickley to president in 1947. Later in 1947 the bank became Mellon's Sewickley office and Mr. Nash was made manager. In 1949 he was elected assistant vice president. He was a partner in Standard Office Supply Co., a director of the Sewickley YMCA, treasurer of Edgeworth and Osborne Boroughs and Sewickley Chapter of the American Red Cross.[8]
Official Bank Title
1: First National Bank in Sewickley, PA
Bank Note Types Issued
A total of $129,620 in National Bank Notes was issued by this bank between 1933 and 1935. This consisted of a total of 18,989 notes (No large size and 18,989 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 5 1 - 12054 1929 Type 2 10 1 - 6935
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1933 - 1935):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Sewickley, 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
- ↑ Pittsburgh Post-Gazette, Pittsburgh, PA, Sun., Dec. 29, 1907.
- ↑ Pittsburgh Sun-Telegraph, Pittsburgh, PA, June 13, 1933.
- ↑ The Pittsburgh Press, Pittsburgh, PA, Fri., Jan. 17, 1947.
- ↑ The Pittsburgh Press, Pittsburgh, PA, Thu., June 5, 1947.
- ↑ The Pittsburgh Press, Pittsburgh, PA, Tue., July 3, 1945.
- ↑ The Pittsburgh Press, Pittsburgh, PA, Sun., Nov. 16, 1947.
- ↑ Pittsburgh Post-Gazette, Pittsburgh, PA, Wed., Oct. 22, 1947.
- ↑ Pittsburgh Sun-Telegraph, Pittsburgh, PA, Mon., Nov. 23, 1959.