Grange NB of Susquehanna County, New Milford, PA (Charter 8960)
Grange NB of Susquehanna County, New Milford, PA (Chartered 1907 - Closed (Merger) 1994)
Town History
New Milford is a borough located in Susquehanna County, Pennsylvania. It lies midway between Montrose and Susquehanna, nine miles from each. It is situated on an extensive flat near the center of New Milford township at the confluence of the branches of Salt Lick Creek. The town has two parallel streets running straight with cross streets at convenient distances forming well arranged squares. Main street was lined with maple trees in the early 1900s. By rail the town is 42 miles from Scranton and twenty from Binghamton, New York. It incorporated as a borough in 1859. The population was 868 at the 2010 census. In 1910 the population 654 growing until it peaked at 1,143 in 1970.
Jedediah Adams settled there in 1789 and constructed a crude cabin. An old trapper and hunter named De Vaux had previously constructed a primitive bark cabin, but soon abandoned it leaving Adams and his wife alone in the depths of the wilderness.
The library was opened in 1893 by Mr. Ezra Pratt. His son, Col. Charles Pratt, a Pennsylvania Congressman, built the current library building in 1903. The building was made of limestone, had a large copper door, and contained a mechanical clock in the clock tower. In 1922, the Pratt family donated the library to the community and the Pratt Memorial Library Association was formed.
New Milford had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized April 25, 1907
- Chartered December 9, 1907
- Opened for business February 19, 1908
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into Meridian Bank in Reading, PA, April 26, 1994
The Grange National Bank of Susquehanna County at New Milford began business February 19, 1908 with $25,000 in capital and a surplus of $2,500. Accounts of merchants, farmers, corporations, firms and individuals were solicited. The officers were W.H. Tingley, president; J.F. Butterfield, 1st vice president; Wm. M. VanCott, 2nd vice president; and F.J. Gere, cashier. The directors were J.F. Butterfield, J.D. Peckham, W.W. Wilmarth, W.H. Tingley, W.M. VanCott, C.D. Dayton, Charles H. Ainey, J.C. Morse, W.F. Hill, and John G. McHenry.
In February 1922, the stockholders elected the following directors for the ensuing year: Charles H. Ainey, C.D. Dayton, F.J. Gere, Dr. A.E. Snyder, W.H. Tingley, F.D. Wilmarth. Officers elected were W.H. Tingley, president; Charles H. Ainey and C.D. Dayton, vice president; and F.J. Gere, cashier.
The Grange National Bank of Susquehanna County was acquired by Reading-based Meridian Bancorp Inc. with approval from the Federal Reserve Bank on December 31, 1993. The deal was initiated between The Grange National Bank and Commonwealth Bancshares Corp. of Williamsport before Commonwealth was acquired in August 1993 by Meridian. The merger was subject to approval by Grange shareholders and the state regulators.
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 Susquehanna County at New Milford, PA
Bank Note Types Issued
A total of $610,340 in National Bank Notes was issued by this bank between 1907 and 1994. This consisted of a total of 99,982 notes (70,036 large size and 29,946 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 - 585 1902 Red Seal 3x10-20 1 - 471 1902 Date Back 4x5 1 - 2475 1902 Date Back 3x10-20 1 - 1580 1902 Plain Back 4x5 2476 - 13243 1902 Plain Back 3x10-20 1581 - 3210 1929 Type 1 6x5 1 - 3448 1929 Type 2 5 1 - 9258
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1907 - 1994):
Presidents:
Cashiers:
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Pennsylvania Bank Note History
- General information on New Milford (Wikipedia)
- General information on Susquehanna County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- New Milford, PA, Wikipedia, https://en.wikipedia.org/wiki/New_Milford,_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
- Wilkes-Barre Times Leader, The Evening News, Wilkes-Barre, PA, Tue., Nov., 21, 1905.
- Danville Intelligencer, Danville, PA, Fri., Nov. 24, 1905.
- The Potter Enterprise, Coudersport, PA, Tue., Sep. 3, 1907.
- Altoona Tribune, Altoona, PA, Fri., Jan. 3, 1908.
- International Gazette, Black Rock, NY, Sat., May 2, 1908.
- The Montrose Democrat, Montrose, PA, Thu., Feb. 18, 1909.
- The Tribune, Scranton, PA, Fri., Feb. 7, 1913.
- Mauch Chunk Times-News, Mauch Chunk, PA, Wed., July 16, 1913.
- The Montrose Democrat, Montrose, PA, Thu., Feb. 9, 1922.
- The Morning Call, Allentown, PA, Sat., Jan. 1, 1994.