Myerstown National Bank, Myerstown, PA (Charter 5241)
Myerstown National Bank, Myerstown, PA (Chartered 1900 - Open past 1935)
Town History
Myerstown (Pennsylvania Dutch: Moyerschteddel) is a borough located in Lebanon County, Pennsylvania. The population was 3,062 at the 2010 Census. It is home to over 100 businesses, including a Bayer HealthCare manufacturing plant, Farmer Boy Ag, Stoneridge Towne Centre and Wengers of Myerstown. The Evangelical Seminary is located on South College Street.
On December 24, 1757, 249 acres of land was deeded to Isaac Meier and wife Catherine, who built their house at the Hergelrode site on South College Street. As early as 1763 he began deeding out lots and planned to make a town which he called Tulpehocken Town, after the Tulpehocken Creek, which runs through the borough.
Meier was fatally shot by an unknown assassin on July 14, 1770, at the Henry Buch House on 40 West Main Street which was a tavern at that time. After his death the citizens of Tulpehocken Town began to call it Meier's Town after him.
Myerstown had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.
Bank History
- Organized December 21, 1899
- Chartered January 5, 1900
- Succeeded Myerstown Bank
- Bank was Open past 1935
The Myerstown Bank was organized in 1872, received a State charter on March 25, 1873 and opened its doors for business on July 15, 1873 at the location of the Bahney House.
In November 1899, Washington approved the application of the Myerstown bank to convert to the Myerstown National Bank with Capital of $50,000. Authorization to begin business was granted on January 5, 1900. A.B. Carmany was president and George H. Horst was cashier.
In January 1901, the directors were A.H. Carmany, R.J. See, I.J.H. Bordner, Adam Shaeffer, John A. Donges, G.M.F. Rick, George H. Horst, Frank B. Horst, and Adam Bahney. The directors elected these officers: A.H. Carmany, president; R.J. See, vice president; George H. Horst, cashier; and F.S. Carmany, teller.
In January 1905, the old officers were re-elected: Richard J. See, president; John A Donges, vice president; George H. Horst, cashier; Frank S. Carmany and Frank Urich, tellers; directors Issaac B. Haak, I.J. H. Bordner, Adam Bahney, G.M.F. Rick, Adam Schaeffer, and Frank Horst.
In September 1912, the bank advertised John A. Donges, president, Adam Bahney, vice president and George H. Horst, cashier. Capital was $50,000, surplus and undivided profits were $110,000 and Dividends paid (since 1872) $119,000. In January 1913, the old board of directors was retained. Officers elected were John A. Donges, president; Adam Bahney, vice president; I.J.H. Bordner, George H. Horst, Isaac B. Haak, J.H. Wilheim, J.C. Rick, F.B. Horst, and William P. Mosser, directors; George H. Horst, cashier; Frank S. Carmany and Frank B. Uhrick, tellers.
George H. Horst expired at his home in Myerstown on January 26, 1915. He was one of the organizers of the Myerstown State bank and later also of the Myerstown National Bank. He was connected with the Myerstown Reformed church, Water Company, Tulpehocken Fire Company and various other corporations and organizations. Frank Carmany was elected to succeed Mr. Horst. He had been filling the post of acting cashier and held the first teller position. He was a graduate of Eastman's Business College of Poughkeepsie, New York.
The consolidation of the Myerstown National Bank and the Myerstown Trust Company went into actual operation on Monday, July 20, 1953. when the banks merged under the name of the Myerstown Bank and Trust Company at 1 West Main Avenue in Myerstown. The officers and of the consolidated bank were: S.T. Yost, president, W.C. Gruber, vice president; John B. Shenk, Treasurer and Secretary; and Frank B. Uhrich, Trust Officer and Asst. Secretary. The Myerstown Trust Company was organized as the Farmers National Bank and opened for business at the corner of Main Avenue and College Streets on August 10, 1910. On May 27, 1914 it was reorganized and carried on business as the Myerstown Trust Company.
Official Bank Title(s)
1: The Myerstown National Bank, Myerstown, PA
Bank Note Types Issued
A total of $1,170,140 in National Bank Notes was issued by this bank between 1900 and 1935. This consisted of a total of 195,388 notes (142,372 large size and 53,016 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 - 2650 1882 Brown Back 3x10-20 1 - 2670 1882 Date Back 4x5 1 - 3800 1882 Date Back 3x10-20 1 - 2660 1882 Value Back 4x5 3801 - 5920 1882 Value Back 3x10-20 2661 - 3770 1902 Plain Back 4x5 1 - 20583 1929 Type 1 6x5 1 - 6724 1929 Type 2 5 1 - 12672
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1900 - 1936):
Presidents:
- Allen H. Carmany, 1900-1901
- Richard J. See, 1902-1908
- John A. Donges, 1909-1914
- Adam Bahney, 1915-1924
- Isaac B. Haak, 1925-1926
- William P. Mosser, 1927-1927
- Frank Snavely Carmany, 1928-1935
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 Myerstown (Wikipedia)
- General information on Lebanon County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Myerstown, PA, Wikipedia, https://en.wikipedia.org/wiki/Myerstown,_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
- The Wall Street Journal, New York, NY, Sat., Nov. 11, 1899.
- Lebanon Courier and Semi-Weekly Report, Lebanon, PA, Wed., Nov. 15, 1899.
- Lebanon Courier and Semi-Weekly Report, Lebanon, PA, Wed., Jan. 16, 1901.
- Lebanon Daily News, Lebanon, PA, Sat., Jan. 14, 1905.
- The Daily News, Lebanon, PA, Tue., Sep. 10, 1912.
- Lebanon Courier and Semi-Weekly Report, Lebanon, PA, Fri., Jan. 17, 1913.
- The Daily News, Lebanon, PA, Thu., Feb. 11, 1915.
- The Daily News, Lebanon, PA, Sat., July 18, 1953.