Granville National Bank, Granville, NY (Charter 4985)
Granville National Bank, Granville, NY (Chartered 1895 - Liquidated 1931)
Town History
Granville is a town on the eastern border of Washington County, New York, abutting Rutland County, Vermont. The town was founded in 1780. It is part of the Glens Falls Metropolitan Statistical Area. The town population was 6,215 at the 2020 census. In 1870, the population was 4,063 with an early peak in 1910 at 6,434. That level would not be reached again until 2000 when the population was 6,456.
The town of Granville contains a village that also bears the name Granville. Granville is named for John Carteret, 2nd Earl Granville. Granville has been called the "Colored Slate Capital of the World." Quarries in the town mine slate that comes in colors such as green, gray, gray black, purple, mottled green and purple, and red.
Granville had four National Banks chartered during the Bank Note Era, The National Bank of Granville (Charter 2294), Farmers National Bank (Charter 3154), Granville National Bank (Charter 4985), and Washington County NB (Charter 7255), and all four of those banks issued National Bank Notes.
Bank History
- Organized January 30, 1895
- Chartered February 14, 1895
- Succeeded 2294 (National Bank, Granville, NY)
- Liquidated October 19, 1931
- Absorbed by 7255 (Washington County NB, Granville, NY)
- Receivership November 21, 1932
On February 11, 1895, the comptroller of the currency authorized the Granville National Bank of Granville, New York, to begin business with a capital of $50,000. The bank would open about April 22d with these officers: D.D. Woodard, president; D. Rogers, vice president; F.W. Hewitt, cashier. The three officers held the same offices in the National Bank of Granville.
In October 1897, among the deposits at the Granville National Bank were found three bills of historic interest. They were of the first issue under the national banking act. One of the bills made its appearance to the public from the Farmers' National Bank of Fort Edward, and was signed by George Harvey, president, and George Clements, cashier. The date is July 1, 1865. This bank existed prior to the establishment of the North Granville bank, into which it was merged, and the location changed from Fort Edward to North Granville. Another bill of one dollar denomination, was of the Salem National Bank, same date of issue, when Judge Allen was the president and B.F. Bancroft, cashier. The third bill was from the First National Bank of Fair Haven, when J. Sheldon was president and the venerable Merritt Clark, now of Poultney, the cashier. Its date of issue was April 15, 1864. These bills have been little used, being as bright and crisp as the day of issue. They have been hoarded up and consequently been of no use to the people. H. Clark, of the slate trust, secured the bill signed by his uncle. Granville Sentinel. Cashier Wing, a collector of antiquities, would doubtless be pleased to secure possession of the Farmers' bank bill.
In February 1901, Roscoe Hays, assistant cashier at the Granville National Bank was slowly recovering from recent serious injuries. He was returning from New York and at Sing Sing, he stepped from the car to assist a friend who was leaving the train. The train started and he ran to get onto it, stumbled, and fell onto a lot of cinders which severely lacerated his face and knee.
The annual meeting of the directors of the Granville National Bank was Wednesday, January 14, 1903. The following were chosen as directors: D.D. Woodard, F.W. Hewitt, D. Rogers, William Lyon, F.E. Hicks, W.H. Hughes, John D. Miller, H. Dillingham, and R.G. Hays. The directors elected the following officers: D.D. Woodward, president; D. Rogers, vice president; F.W. Hewitt, cashier; D.J. Evans, teller. The usual semi-annual dividend of 5% was declared.
In November 1925, the Granville Telephone Co. which formed many years occupied the upper floors in the Granville National Bank building, purchased the Grange Hall Building in North Street. The lease on the present quarters was for another two years, but in the meantime, the Grange building would be refitted for the offices and central station. In December 1926, the Mettowee Grange held its first meeting in the new rooms vacated by the telephone company in the Granville National Bank building.
In January 1927, directors were re-elected as follows: W.A. Tenney, Robert O. Owens, James E. O'Brien, R.G. Hays, O.P. Munson, F.E. Everetts, D.J. Evans, D.D. Woodard. The officers were elected as follows: D.D. Woodard, president; Robert O. Owens, vice president; and D.J. Evans, cashier.
In January 1931, the following directors were elected: D.D. Woodard, D.J. Evans, Robert O. Owens, James E. O'Brien, O.P. Munson, W.A. Tenney, D.J. McHenry, William C. Mason. The officers were D.D. Woodard, president; RObert O. Owens, vice president; David J. Evans, cashier; Edward M. Tyler, assistant cashier; and W.A. O'Brien, teller.
In September 1931, two Granville banks consolidated, the Washington County National Bank and the Granville National Bank. The business of the combined institution would be conducted from the offices of the Washington County National starting Wednesday, September 2d. Lee S. Phelps would be president of the consolidated bank. Patrick J. Cullin would be vice president and S.M. Rising, cashier. The officers of the Granville National Bank would cease their duties.
Official Bank Title(s)
1: The Granville National Bank, Granville, NY
Bank Note Types Issued
A total of $1,027,330 in National Bank Notes was issued by this bank between 1895 and 1931. This consisted of a total of 82,334 notes (75,980 large size and 6,354 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1882 Brown Back 3x10-20 1 - 5400 1882 Date Back 3x10-20 1 - 3874 1902 Date Back 3x10-20 1 - 1000 1902 Plain Back 3x10-20 1001 - 9721 1929 Type 1 6x10 1 - 825 1929 Type 1 6x20 1 - 234
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1895 - 1931):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Granville, NY, 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
- The Buffalo News, Buffalo, NY, Fri., Feb. 15, 1895.
- The Poultney Journal, Poultney, VT, Fri., Feb. 22, 1895.
- The Post-Star, Glens Falls, NY, Tue., Oct. 5, 1897.
- The Poultney Journal, Poultney, VT, Fri., Feb. 8, 1901.
- The Poultney Journal, Poultney, VT, Fri., Jan. 16, 1903.
- The Post-Star, Glens Falls, NY, Sat., Nov. 21, 1925.
- The Post-Star, Glens Falls, NY, Fri., Dec. 10, 1926.
- The Post-Star, Glens Falls, NY, Wed., Jan. 12, 1927.
- The Poultney Journal, Poultney, VT, Fri., Jan. 23, 1931.
- Rutland Daily Herald, Rutland, VT, Wed., Sep. 2, 1931.