Mountville National Bank, Mountville, PA (Charter 3808)
Mountville National Bank, Mountville, PA (Chartered 1887 - Open past 1935)
Town History
Mountville is a borough in Lancaster County, Pennsylvania. It is located approximately 7 miles west of Lancaster and 4 miles east of Columbia. The population was 2,802 at the 2010 census, up from 2,444 at the 2000 census. In 1910 the population was 803.
On January 11, 1814, Isaac Rohrer laid out the town that became known as Mountville, dividing it into 130 building lots, sold by lottery. Located 4 miles east of Columbia in West Hempfield Township on the Lancaster and Susquehanna Turnpike, Mountville was originally named "Mount Pleasant" because it was situated on an elevation affording a pleasant view of the surrounding countryside in every direction.
In 1842, when the first post office was established in the town, the name was changed to "Mountville" because the postal service already had another Mount Pleasant registered in Pennsylvania.
Recognizing the need for a municipal water system, the town incorporated as a borough in 1906. The original Charles Chips potato chip factory was located here.
Mountville had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized September 20, 1887
- Chartered November 4, 1887
- Bank was Open past 1935
- Acquired by the Fulton National Bank of Lancaster, PA (Charter 2634) December 21, 1948
On Tuesday, January 10, 1888, justly known as January's busy Tuesday, the second Tuesday in the month was the day all National Banks, Market House companies and Street railway companies elected the directors for the upcoming year. Directors of the Mountville National Bank elected were: I.H. Kauffman, John M. Weller, John D. Herr, M.G. Musser, Jonas, G. Stehman, Christian H. Rohrer, M.G. Shindle, E.H. Yohn, Jacob R. Myers, George S.S. Roland, John M. Froelich, Christion F. Charles, and Jacob C. Newcomer. The directors selected Isaac H. Kauffman, president and Martin D. Musser, vice president.
In January 1938, the directors elected were John H. Gamber, Jacob H. Brubaker, Christian E. Greenawalt, William M. Lichty, and Walter G. Swords.
On November 5, 1948, plans to purchase the Mountville National Bank were announced by Penrose H. Ruhl, president of the Fulton National Bank. On December 21, 1948, the Fulton National Bank assumed the liabilities and purchased the assets of the Mountville National Bank for $360,000. The bank remained open as the Mountville Branch of the Fulton National Bank. There was no change in personnel with Clarence H. Gable, president of the Mountville bank, continuing to direct operations in Mountville. The Fulton National Bank of Lancaster was organized in 1882 and the Mountville National in 1887. Once combined, the banks resources were approximately $30 million and trust assets were more than $10 million.
Official Bank Title(s)
1: The Mountville National Bank, Mountville, PA
Bank Note Types Issued
A total of $1,189,260 in National Bank Notes was issued by this bank between 1887 and 1935. This consisted of a total of 154,704 notes (130,440 large size and 24,264 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 4x5 1 - 6223 1882 Brown Back 3x10-20 1 - 2473 1902 Red Seal 4x5 1 - 400 1902 Red Seal 3x10-20 1 - 340 1902 Date Back 4x5 1 - 4550 1902 Date Back 3x10-20 1 - 3200 1902 Plain Back 4x5 4551 - 14085 1902 Plain Back 3x10-20 3201 - 9089 1929 Type 1 6x5 1 - 1514 1929 Type 1 6x10 1 - 1092 1929 Type 1 6x20 1 - 288 1929 Type 2 5 1 - 6900
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1887 - 1936):
Presidents:
Cashiers:
- George Crane, 1888-1899
- Clayton S. Mellinger, 1900-1903
- Jacob H. Witmer, 1903-1911
- Clarence H. Gable, 1912-1935
Other Bank Note Signers
- Charles C. Seitz, Vice President 1903...1928
- There are currently no known Assistant Cashier bank note signers for this bank.
Wiki Links
- Pennsylvania Bank Note History
- General information on Mountville (Wikipedia)
- General information on Lancaster County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Mountville, PA, 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
- Lancaster New Era, Lancaster, PA, Tue., Jan. 10, 1888.
- The Inquirer, Lancaster, PA, Sat., Jan. 21, 1888.
- Lancaster New Era, Lancaster, PA, Tue., Jan. 11, 1938.
- Lancaster New Era, Lancaster, PA, Fri., Nov. 5, 1948.
- Sunday News, Lancaster, PA, Sun., Dec. 26, 1948.
- Sunday News, Lancaster, PA, Sun., Jan. 6, 1952.