Market Street National Bank, Shamokin, PA (Charter 5625)

Photo, ca2018, of the old Market Street National Bank at 10 South Market Street, Shamokin, Pennsylvania where a modern branch of the First National Bank of Pennsylvania, with drive through service, is located. Courtesy of Google Maps

Market Street National Bank, Shamokin, PA (Chartered 1900 - Closed (Merger) 2001)

Town History

Report of the Condition of The Market Street National Bank of Shamokin as of April 1, 1926. Approval to act as a Trust was granted by the federal government to national banks, but the commonwealth received the reports from banks and regulated this activity. Cashier W.M. Tier and three directors, D.E. McWilliams, M.G. Reager, and J.A. Wert, signed the report. The bank was located on 10 South Market Street, Shamokin, Pennsylvania.

Shamokin (/ʃəˈmoʊkɪn/; Saponi Algonquian Schahamokink, meaning "place of eels") (Lenape Indian language: Shahëmokink) is a city in Northumberland County, Pennsylvania, surrounded by Coal Township at the western edge of the Anthracite Coal Region in central Pennsylvania's Susquehanna River Valley. It was named after a Saponi Indian village, Schahamokink. At the 2020 Census, the population was 6,942.

The first human settlement of Shamokin was probably Shawnee natives migrants. A large population of Delaware Indians (also known as the Lenapes) were forcibly resettled there in the early 18th century after they lost rights to their land in the "Walking Purchase" along the eastern border of the colonial Province of Pennsylvania in the upper northern reaches of the Delaware River in 1737.

The city of present-day Shamokin lies along Shamokin Creek. Shamokin was founded in 1835 by the coal speculators John C. Boyd and Ziba Bird, it was early known as Boyd's Stone-coal Quarry, Boydtown, and New Town. The discovery of anthracite coal resources in the region, became the basis of much industry. Railroad companies, such as Reading Railroad, bought interests in coal and became major employers of the area, building railroads to ship coal to markets and controlling most jobs.

Shamokin was incorporated earlier as a borough under the Commonwealth constitution on November 9, 1864, and subsequently as a city 85 years later, on February 21, 1949. In addition to anthracite coal-mining, it became an industrial center in the 19th century, with silk and knitting mills, stocking and shirt factories, wagon shops, ironworks, and brickyards. The dominant Eagle Silk Mill became the largest textile manufacturing building under one roof in the United States.

Famous inventor, scientist and entrepreneur Thomas A. Edison (1847–1931), briefly a resident of nearby Sunbury, established the Edison Illuminating Company of Shamokin in the fall of 1882. When the Shamokin power generating station on Independence Street started on September 22, 1883, St. Edward's Roman Catholic Church which was connected, became the first church in the world to be lit by electricity.

Shamokin had five National Banks chartered during the Bank Note Era, and all five of those banks issued National Bank Notes.

Bank History

Organized September 17, 1900
Chartered November 17, 1900
Bank was Open past 1935
For Bank History after 1935 see FDIC Bank History website
March 15, 1980 Changed Institution Name to Community National Bank.
March 27, 1986 Reorganized banking operations.
July 25, 1988 Changed Institution Name to Guaranty Bank, National Association.
July 25, 1988 Acquired The Nanticoke National Bank (FDIC Cert. #7643) in Nanticoke, PA.
June 1, 2001 Merged and became part of SunBank (FDIC Cert. #441) in Selinsgrove, PA.
October 1, 2004 Merged and became part of Omega Bank, National Association (FDIC Cert. #7533) in Huntingdon, PA.
June 29, 2006 Changed Institution Name to Omega Bank.
April 1, 2008 Merged and became part of First National Bank of Pennsylvania (FDIC Cert. #7888) in Greenville, PA.

In August 1900, the employees of the marble yard of T.L. Evans & Sons were hard at work; the sixth carload of stone was shipped fulfilling about half of the order. The firm was the supplier for the new Market Street National Bank of Shamokin. The contract was for Portage red stone, North Carolina granite and Wyoming Valley blue stone.

BANKER AND DENTIST CAUGHT IN WHIRLWIND.  July 26, 1905, Will Shindle, teller of the Market Street National Bank in Shamokin, and Dr. Ed. Faust, a well-known dentist, had an exciting experience at Penn's Creek in Snyder County. They were sitting on the edge of the creek fishing, when a genuine whirlwind struck them. Shindle was blown into the creek, while Faust landed in a nearby corn field. Both were uninjured, with the exception of slight bruises. All of the fishes they had caught were whirled back into the waters of the creek.

On August 13, 1920, Michael G. Stief of Shamokin, twin brother of Peter A. Stief, died at Hahnemann Hospital, Philadelphia. Mr. Stief was on vacation in Ocean City, New Jersey with his family when stricken and removed to the hospital. He was a blacksmith in Ashland and then moved to Shamokin and opened a confectionery store and later conducted a hotel. He then went into the automobile business and opened Stief Motor Co. He was vice president of the Market Street National Bank.

In August 1925, the bank was given authority by the United States Government to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver and committee of estates of lunatics. This gave the bank power to act in any or all of these matters as fully as any other bank or trust company in the state of Pennsylvania. On April 12, 1926, the bank reported to the state total trust funds amounting to $14,178,82.

Official Bank Title(s)

1: The Market Street National Bank of Shamokin, PA

Bank Note Types Issued

1882 Date Back $10 bank note with pen signature of W.M. Tier, Cashier and a stamped signature of W.H. Unger, President. Courtesy of Heritage Auctions, www.ha.com

1902 Plain Back $10 bank note with printed signatures of W.M. Tier, Cashier and W.H. Unger, President. Courtesy of Heritage Auctions, www.ha.com

1929 Type 1 $20 bank note with printed signatures of W.M. Tier, Cashier and W.H. Unger, President. Courtesy of Lyn Knight Auctions, www.lynknight.com

A total of $2,336,790 in National Bank Notes was issued by this bank between 1900 and 2001. This consisted of a total of 188,739 notes (151,064 large size and 37,675 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 - 9100
1882 Date Back	3x10-20	1 - 9300
1882 Value Back	3x10-20	9301 - 14227
1902 Plain Back	3x10-20	1 - 14439
1929 Type 1	6x10	1 - 4180
1929 Type 1	6x20	1 - 1040
1929 Type 2	10	1 - 5421
1929 Type 2	20	1 - 934

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1900 - 2001):

Presidents:

Cashiers:

William Mason Tier, 1901-1935

Other Bank Note Signers

There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

Shamokin, PA, Wikipedia, https://en.wikipedia.org/wiki/Shamokin,_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
Montour American, Danville, PA, Thu., Aug. 2, 1900.
Mount Carmel Item, Mount Carmel, PA, Thu., July 27, 1905.
Mount Carmel Item, Mount Carmel, PA, Sat., Aug. 14, 1920.
Shamokin News-Dispatch, Shamokin, PA, Sat., Aug. 29, 1925.