Grange NB of Bradford County, Troy, PA (Charter 8849)

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Postcard of The Grange National Bank of Bradford County at Troy, Pennsylvania, ca. 1900s.
Postcard of The Grange National Bank of Bradford County at Troy, Pennsylvania, ca. 1900s. Courtesy of Adam Stroup

Grange NB of Bradford County, Troy, PA (Chartered 1907 - Closed 1932)

Town History

Photo of the old Grange National Bank ca2018.  The sign is for Trojan Lodge Number 306, Free & Accepted Masons, Troy, Pennsylvania.
Photo of the old Grange National Bank ca2018.  The sign is for Trojan Lodge Number 306, Free & Accepted Masons, Troy, Pennsylvania. Courtesy of Google Maps

Troy is a borough in Bradford County, Pennsylvania. The population was 1,354 at the 2010 census. In 1900 the population was 1,450 but dropped by 1930 to 1,190.

The borough of Troy was incorporated in 1845 from Troy Township, which encircles the borough. Originally part of Luzerne County, the borough became part of Ontario (now Bradford) County when it was created in 1810.

U.S. Route 6 passes through the borough, leading east 20 miles to Towanda, the county seat, and west 17 miles to Mansfield. Pennsylvania Route 14 turns south from US-6 in the center of Troy, leading 10 miles to Canton; the highway turns north from US-6 just east of Troy and leads 25 miles to Elmira, New York.

Troy had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.

Bank History

  • Organized July 20, 1907
  • Chartered August 29, 1907
  • Opened for business February 1, 1908
  • Closed April 30, 1932
  • Consolidated with 4984 April 30, 1932 (First National Bank, Troy, PA)
  • Circulation assumed by 4984 (First National Bank, Troy, PA)

On January 12, 1910, The Grange National Bank of Troy elected the following officers and directors: E. Everett Van Dyne, president; George B. Lewis and J.C. Robinson, vice president; J.C. Blackwell, cashier; F.D.A. Kingsley, F.N. Hubbard, E. Everett Van Dyne, J.C. Robinson, Frederick E. Van Dyne, George B. Lewis, Austin Leonard, C.A. Smith, Oliver B. Besley, John G. McHenry, and Edson D. Harkness, directors.

On August 2, 1922, the directors met at the bank and elected Henry B. Van Dyne to succeed his late father, E. Everett Van Dyne, who held the office since the organization of the bank in 1907. The new vice presidents were Edson B. Harkness of Elmira and John M. Coney of Troy in addition to F.N. Hubbard who held the office previously. J.C. Blackwell continued as cashier.

In May 1932, shareholders of the First National Bank of Troy voted to merge with the Grange National Bank of the same place. The bank took the opportunity to enlarge and remodel the building, returning on August 27. The new banking room was very large, well ventilated and cleverly arranged to take full advantage of natural light. The room was decorated with gray marble. The woodwork and furniture harmonized with the marble to produce a pleasing effect. The Troy bank received many floral tokens from neighboring banks and business houses. Immense crowds filed through the banking rooms all day, congratulating those responsible for the alterations.

For more information on the Grange National Banks in Pennsylvania, this article provides a brief history of those twelve banks, why they were formed, and the men and women behind them:

Official Bank Title(s)

1: The Grange National Bank of Bradford County at Troy, PA

Bank Note Types Issued

1902 Date Back $5 bank note with stamped signatures of J.C. Blackwell, Cashier and E. Everett Van Dyne, President.
1902 Date Back $5 bank note with stamped signatures of J.C. Blackwell, Cashier and E. Everett Van Dyne, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $20 bank note with printed signatures of J.C. Blackwell, Cashier and Henry B. Van Dyne, President.
1929 Type 1 $20 bank note with printed signatures of J.C. Blackwell, Cashier and Henry B. Van Dyne, President. Courtesy of Heritage Auctions, www.ha.com

A total of $817,220 in National Bank Notes was issued by this bank between 1907 and 1932. This consisted of a total of 76,294 notes (62,872 large size and 13,422 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Red Seal 4x5 1 - 1000
1902 Red Seal 3x10-20 1 - 800
1902 Date Back 4x5 1 - 3400
1902 Date Back 3x10-20 1 - 3360
1902 Plain Back 3x10-20 3361 - 10518
1929 Type 1 6x10 1 - 1752
1929 Type 1 6x20 1 - 485

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1907 - 1932):

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

  • Troy, PA, Wikipedia, https://en.wikipedia.org/wiki/Troy,_Pennsylvania
  • 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 Canton Independent-Sentinel, Canton, PA, Thu., Jan. 13, 1910.
  • The Agitator, Wellsboro, PA, Wed., Aug. 9, 1922.
  • Tunkhannock, New Age, Tunkhannock, PA, Thu., May 12, 1932
  • The Canton Independent-Sentinel, Canton, PA, Thu., Aug. 11, 1932.
  • The Canton Independent-Sentinel, Canton, PA, Thu., Sep. 8, 1932.
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