Marshall National Bank/Marshall NB & Trust Co., Marshall, VA (Charter 10253)
Marshall National Bank/Marshall NB & TC, Marshall, VA (Chartered 1912 - Closed (Merger) 2007)
Town History
Marshall is a census-designated place (CDP) in northwestern Fauquier County, Virginia. The population as of 2024, was 3,292.
Marshall was originally known as "Salem". It became Marshall after a short-lived incorporation. It is named after John Marshall, the former United States Supreme Court Chief Justice who grew up at Oak Hill in nearby Delaplane.
Marshall is home to the Fauquier Heritage and Preservation Foundation, as well as the Number 18 School in Marshall, which was the last one-room school in Fauquier County. Originally a whites-only schoolhouse, it was a blacks-only schoolhouse until it closed in the 1960s as a result of desegregation. It has been restored, and school groups often visit.
Marshall had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized August 30, 1912
- Chartered September 7, 1912
- Conversion of The Bank of Marshall, (Inc.) Marshall, VA
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into PNC Bank, N.A. in Pittsburgh, PA, September 14, 2007
On August 2, 1912, acting comptroller of the currency Kane just received an application from "The Bank of Marshall," Marshall, Fauquier County, Virginia, for a charter as "The Marshall National Bank," with a capital of $40,000. C.E. Kemper, Marshall, Virginia, was the correspondent.[2][3]
In November 1919, Mr. P.W. Anderson of Upperville was a guest of his father, Mr. N.P. Anderson at Amissville. Mr. Anderson who was the assistant cashier of the Rappahannock National Bank for a number of years had accepted the position of cashier of the Marshall National Bank. He would begin his work at Marshall the first of December.[4]
On Monday, January 9, 1928, at the annual banquet given by the directors of the Marshall National Bank, President John T. Ramey reported a successful year with an increase of deposits of nearly $90,000, a gain of over 11% and carrying the total deposits to more than $750,000. The usual dividend of 8% was paid and a neat sum added to surplus. The following directors were elected: Edward Ambler, P.W. Anderson, J. Leroy Baxley, R.C. Fletcher, G. Harris Field, T.H. Maddux, Dennis McCarty, J.T. Ramey, C.F. Ramey, E.S. Renalds, Thomas N. Russell, Allie Smith, and John F. Walker. The directors elected John T. Ramey, president; J. Leroy Baxley, vice president; P.W. Anderson, cashier and trust officer; and R.M. Carter, assistant cashier.[5]
On Friday, January 12, 1940, Thomas Tunstall Adams, 80, long prominent in the financial and business activities of Richmond until his retirement a decade ago, died after an illness of about one week at his home, 1837 Monument Avenue. Mr. Adams was born July 15. 1859, at "The Mansion" the old family home in Campbell County and was a son of Colonel Henry Ward Adams and Mrs. Annie Pauline Floyd Adams. Mr. Adams was a grandson of Thomas Tunstall Adams who married Matilda Ward, oldest daughter of Major Henry Ward. Mrs. Annie Floyd Adams, the mother of Mr. Adams, was a daughter of Dr. N.W. Floyd and Elizabeth West Anderson and a member of the distinguished Floyd family of Virginia. Dr. N.W. Floyd was a nephew of Governor John Floyd. Mr. Adams as a youth was a student at the Virginia Polytechnic Institute at Blacksburg, where he was a cadet captain and also won the Orators' Medal of the Lee Society. He began his business career as a wholesale dealer and manufacturer of hardwood lumber in Greenville, Tenn. Later he purchased from the Tennessee Coal, Iron and Railroad Company a tract of hardwood timber in Tennessee lying on the northern portion of the Great Smoky range of the Blue Ridge Mountains. He was also at this period of his life Mayor of Greenville for several years. Mr. Adams resided in Tennessee about twenty-two years having moved there when he was 25 years of age. Later he returned to Virginia and made his home near Marshall, Fauquier County, and purchased "Barrymore," one of the beautiful estates in that section of the State. It was while he was living in Fauquier County that he became one of the organizers of the Marshall National Bank of which he was for some years president. More than thirty years ago he moved to Richmond and in this city was also widely known as a business executive and organizer. He was associated with the T. T. Adams Lumber Company which had its offices in Richmond and operated extensively in Western North Carolina. Still later he also formed the Tiger River Pine Company which had large holdings in South Carolina. This company is still carried on under the direction of his son, Thomas Stokes Adams. In Richmond Mr. Adams took part in the organization of the Federal Trust Company and became its first president. This company, in time, was merged with the Union Bank of Richmond. During the World War Mr. Adams rendered a notable service to the United States in recognition of which he received from Secretary of War Newton D. Baker a citation recalling his "loyalty, energy and efficiency" in performance of war work by the T. T. Adams Lumber Company.[6]
In November 1945, P.W. Anderson, retiring president of the Group 11, Virginia Bankers' Association and vice president of the Marshall National Bank & Trust Company, was the principal speaker at the group's business session at the John Marshall Hotel. He reported on the activities of the VBA and outlined past accomplishments of the group.[7]
The Warrenton-based Oak View National Bank was founded in 2009 when members of the former Marshall National Bank decided to form their own community bank following PNC Bank's purchase of the MNB. By August 2013, Oak View National had branches in Warrenton and Marshall and was opening a new branch in Culpeper. Oak View had a presence in Culpeper since 2010 when commercial loan officer Justin McFarland began operating in town. The new branch in Culpeper would be led by Lorry Harding, also a vice president with Oak View. Renovation of the building on James Madison Highway was underway. It was formerly the location of Wachovia Bank. Even though Oak View formed when the economy was in a recession, none of the former MNB team wanted to work for a big bank, so the board and executive management team all left PNC and after about a year had raised about $14 million in capital. President and CEO Michael Ewing said, "We're really about the old-fashioned community banking."[9] Ewing had over 32 years of experience in the financial arena, having served as president of the Marshall National Bank & Trust Company for four years.[10]
Official Bank Titles
1: Marshall National Bank, Marshall, VA
2: Marshall National Bank and Trust Company, Marshall, VA (9/7/1928)
Bank Note Types Issued
A total of $802,620 in National Bank Notes was issued by this bank between 1912 and 1935. This consisted of a total of 70,908 notes (30,584 large size and 40,324 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1: 1902 Date Back 3x10-20 1 - 800 1: 1902 Plain Back 3x10-20 801 - 5811 2: 1902 Plain Back 3x10-20 1 - 1835 2: 1929 Type 1 6x5 1 - 418 2: 1929 Type 1 6x10 1 - 3348 2: 1929 Type 1 6x20 1 - 918 2: 1929 Type 2 5 1 - 7300 2: 1929 Type 2 10 1 - 3816 2: 1929 Type 2 20 1 - 1104
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1912 - 1935):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Marshall, VA, 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
- ↑ Culpeper Star-Exponent, Culpeper, VA, Fri., Feb. 29, 1980.
- ↑ The Courier-Journal, Louisville, KY, Mon., Sep. 2, 1912.
- ↑ Alexandria Gazette, Alexandria, VA, Sat., Aug. 3, 1912.
- ↑ Culpeper Star-Exponent, Culpeper, VA, Thu., Nov. 13, 1919.
- ↑ Richmond Times-Dispatch, Richmond, VA, Sun., Jan. 15, 1928.
- ↑ The Richmond News Leader, Richmond, VA, Fri., Jan. 12, 1940.
- ↑ The World-News, Roanoke, VA, Sat., Nov. 24, 1945.
- ↑ Culpeper Star-Exponent, Culpeper, VA, Sun., July 19, 2015.
- ↑ Culpeper Star-Exponent, Culpeper, VA, Sat., Aug. 3, 2013.
- ↑ Culpeper Star-Exponent, Culpeper, VA, Mon., Dec. 30, 2013.