Lititz Springs NB, Lititz, PA (Charter 9422)
Lititz Springs NB, Lititz, PA (Chartered 1909 - Open past 1935)
Town History
Lititz is a borough in Lancaster County, Pennsylvania, located 9 miles north of the city of Lancaster. As of the 2020 census, it had a population of 9,370.
Lititz was founded by members of the Moravian Church in 1756 and was named after a castle in Bohemia near the village of Kunvald where the ancient Bohemian Brethren's Church had been founded in 1457. The roots of the Moravian Brethren's Church date back to the ancient Bohemian Brethren's Church. It was one of the four leading Moravian communities in the Northeastern United States (three others were Bethlehem, Emmaus and Nazareth, each in Pennsylvania).
For a century, only Moravians were permitted to live in Lititz. Until the middle of the 19th century, only members of the congregation could own houses; others were required to lease. The lease system was abolished in 1855, just five years before the beginning of the Civil War.
During a part of the American Revolution, the Brethren's House, built in 1759, was used as a hospital. A number of soldiers died and were buried here. Lititz is also home to Linden Hall School, the oldest all-girls boarding school in the United States. Located adjacent to the Moravian Church on 47 acres of land, Linden Hall School was founded by the Moravians in 1746, a decade before the borough was incorporated.
Lititz had three National Banks chartered during the Bank Note Era, The Lititz National Bank (Charter 2452), The Farmers National Bank (Charter 5773), and the Lititz Springs National Bank (Charter 9422). All three of those banks issued National Bank Notes.
Bank History
- Organized May 22, 1909
- Chartered May 29, 1909
- Opened for business June 1, 1909
- Bank was Open past 1935
- Merged with The Conestoga National Bank, Lancaster, PA (Charter 3987) in August 1962
In May 1909, a new bank was organized to take the place of the failed Lititz National Bank. It would be called the Lititz Springs National Bank. The capital stock of $50,000 had already been over-subscribed and it expected to open its doors for business on June 1st. The new bank organized with the following officers: D.M. Graybill, president; H.C. Miller, secretary; Phares Graybill, Charles Landis, Adam Burkholder, Amos Sensenich, Henry Myers, directors.
On June 1, 1909, the new Lititz Springs National Bank opened for business in the old bank building and the amount of business augured well for the future success of the organization. The working force consisted of P.F. Snyder, Marietta, cashier; C.B. Seigle, Mountville, teller; and Paul H. Bomberger, Lititz, clerk. The first depositor was George C. Ball, receiver of the old bank; the second was D.M. Graybill, the president; and the third Henry G. Snyder. The first check was drawn by J.C. Rhode, the broom-maker.
On Tuesday, January 11, 1910, the stockholders of the Lititz Springs National Bank elected the following directors: D.M. Graybill, H.C. Miller, Charles S. Landes, Amos W. Senserich, Adam L. Burkholder, Henry H. Myers, and Phares K. Graybill.
On November 25, 1955, David M. Graybill, 85, founder and board chairman of the Lititz Springs National Bank, died at 4:55 PM at the Lancaster General Hospital. Death followed an illness of three weeks. At the age of thirty-eight, he was one of the founders of the Lititz Springs National Bank who sold stock for the bank door-to-door, after the old Lititz National Bank failed. He conducted his own investment firm before entering the banking field, having studied at Eastman College, Rochester, New York. He was elected president of the Lititz Springs Bank when it started business in 1909 and continued in that position until January 1st of this year, when he retired. He was elected board chairman at that time. He was a native of East Petersburg, Lancaster County, a prominent Mason and active in community affairs.
On Friday, August 24, 1962, stockholders of the Conestoga National Bank of Lancaster and Lititz Springs National Bank approved the merger of the two banks. Under the merger all personnel at Lititz would remain and the board of directors would serve as an advisory board. J.F. Aierstock, president of the Conestoga Bank said Thursday, August 30th, a telegram from Washington stated the merger was being approved and official confirmation would follow by letter. The Lititz bank would continue at the same location under the name of the Lititz Springs Branch of the Conestoga National Bank. The merger provided the Lancaster bank with its second branch, joining one established in Millersville some time ago.
Official Bank Title(s)
1: Lititz Springs National Bank of Lititz, PA
Bank Note Types Issued
A total of $684,870 in National Bank Notes was issued by this bank between 1909 and 1935. This consisted of a total of 55,274 notes (41,524 large size and 13,750 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1902 Date Back 3x10-20 1 - 1920 1902 Plain Back 3x10-20 1921 - 10381 1929 Type 1 6x10 1 - 1540 1929 Type 1 6x20 1 - 386 1929 Type 2 10 1 - 1678 1929 Type 2 20 1 - 516
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1909 - 1935):
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 Lititz (Wikipedia)
- General information on Lancaster County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Lititz, PA, Wikipedia, https://en.wikipedia.org/wiki/Lititz,_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://spmc.org/bank-note-history-project
- Altoona Tribune, Altoona, PA, Fri., May 14, 1909.
- The Inquirer, Lancaster, PA, Sat., May 29, 1909.
- Intelligencer Journal, Lancaster, PA, Thu., June 3, 1909.
- Lancaster New Era, Lancaster, PA, Tue., Jan. 11, 1910.
- Lancaster New Era, Lancaster, PA, Sat., Nov. 26, 1955.
- Lancaster New Era, Lancaster, PA, Fri., Aug. 24, 1962.
- Lancaster New Era, Lancaster, PA, Fri., Aug. 31, 1962.